Top 68 Best Economics Quotes
#1. Basic Economics 101. It's the most complicated simple subject there is.
Rush Limbaugh
#2. Printing currency for foreigners to buy is the best racket a government can get into.
Lee Child
#3. If we try to run the economy for the benefit of a single group or class, we shall injure or destroy all groups, including the members of the very class for whose benefit we have been trying to run it. We must run the economy for everybody
Henry Hazlitt
#4. In a world in which the price of calculation continues to decrease rapidly, but the price of theorem proving continues to hold steady or increase, elementary economics indicates that we ought to spend a larger and larger fraction of our time on calculation.
John Tukey
#5. As we suggested near the beginning of this book, if morality represents an ideal world, then economics represents the actual world.
Steven D. Levitt
#6. In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.
Ronald Coase
#7. It seems that's there a ghastly Darwinian principle of economics known as the Law of Substitution which declares, more or less, that "the cheapest will survive". This has all sorts of unpleasant consequences, one of which is that non-economic values tend to be eliminated.
J.G. Farrell
#8. To those of you who study history, economics, sociology, literature and language I present the challenge of the utilization of the enormous resources in our grasp to the problem of creating a genuinely good life for yourselves and your children.
Polykarp Kusch
#9. Economics, as it has emerged, can be made more productive by paying greater and more explicit attention to the ethical considerations that shape human behaviour and judgment.
Amartya Sen
#10. Best practices are useful reference points, but they must come with a warning label : The more you rely on external intelligence, the less you will value an internal idea.
And this is the age of the idea
Gyan Nagpal
#11. She'd been fed anti-consumerist bullshit by her parents but didn't understand simple economics.
S.A. Tawks
#12. Man is smart - If money would have grown on trees, we would have used green leaves as money.
Amit Kalantri
#13. Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.
Lawrence Summers
#14. Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.
Paul Samuelson
#15. Many find in sex and economics the meaning of life and the reason of it all. The consequence of this is that the goal of life for many has become a relief of tension.
Sachindra Kumar Majumdar
#16. In economics, when you put together a highly elastic thing and a highly inelastic thing, you create extraordinary potential for turbulence, volatility, and for unstable prices.
Adair Turner
#17. It is true that if care is taken to use only a language that it's understood by graduates in law and economics, you can easily prove that the masses have to be managed from above.
Frantz Fanon
#18. Entrepreneurship isn't for everyone, and not everyone is going to be an entrepreneur, but women who turn to business, turn to economics, because there are people depending on them, I think that their creativity, their resilience, their spirit, embody what's best about entrepreneurship.
Gayle Tzemach Lemmon
#19. A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.
Ludwig Von Mises
#20. This is the best possible way to retain important details that you wish to remember in any unified field of knowledge, whether it be the field of economics, science, history, or any other
link them up with related items which you already know or wouldn't mind knowing.
Ralph Alfred Habas
#21. We must arm ourselves with patience and wisdom and listen to the poor what they want. This is the best way to avoid the trap of ignorance, ideology and inertia on our side.
Abhijit V. Banerjee
#22. Because economics is all about optimising, doing the best you can with what you have - it's usually the first place you should look for answers if you want to maximise your happiness.
Emily Oster
#23. Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods.
Ray Dalio
#24. It is because every individual knows little and, in particular, because we rarely know which of us knows best best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it.
Friedrich Hayek
#25. Localisation stands, at best, at the limits of practical possibility, but it has the decisive argument in its favour that there will be no alternative.
David Fleming
#26. The most effective way of making people accept the validity of the values they are to serve is to persuade them that they are really the same as those which they, or at least the best among them, have always held, but which were not properly understood or recognised before.
Friedrich Hayek
#27. Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.
Ha-Joon Chang
#30. A study of economics usually reveals that the best time to buy anything is last year.
Marty Allen
#31. The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.
John Kenneth Galbraith
#32. Let's take a minute to talk about spellbooks, since, in this day and age when magic is no longer taught in schools (or is, at best, an elective like Home Economics), very few people have the experience with spellbooks that they used to.
Ursula Vernon
#33. I think the very best attitude for anyone investing in the stock market is to make up his mind to lose money.
- The Duchess Gloriana XII
Leonard Wibberley
#34. Sustainability is best illustrated by those who sell food ... just so they afford something to eat.
Mokokoma Mokhonoana
#35. I've been a foodie most of my life. I started when I lived for a year in Germany in my early 20s, and here was this new food environment, and I decided I needed to make sense of it. And I found it was the rules of economics that do the best job. Food is a capitalist product of supply and demand.
Tyler Cowen
#36. Marshall Jevons is the pioneer for integrating economics and detective fiction, and The Mystery of the Invisible Hand is another fine effort in this genre.
Tyler Cowen
#37. Inflation takes from the ignorant and gives to the well informed.
Venita VanCaspel
#38. Under certain conditions, index numbers may do very useful service as an aid to investigation into the history and statistics of prices; for the extension of the theory of the nature and value of money they are unfortunately not very important.
Ludwig Von Mises
#39. Arguing that the only problem with a free market is lack of competition, is like arguing that that the only problem with prostitution is that there aren't enough pimps.
Quentin R. Bufogle
#40. To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano.
Henry Hazlitt
#41. I always think of my films within the context of where aesthetics meet economics. That's the nature of making art - not being naive about what is possible and getting what you need to tell the story you want to tell.
Ira Sachs
#42. Obama is a fine, very impressive person. He really is. Unfortunately, everything that he is doing in economics is exactly wrong. He is a crappy president.
Arthur Laffer
#44. Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.
Bill Vaughan
#45. Marxian exploitation is the exploitation of people's lack of understanding of economics.
Robert Nozick
#46. After the collapse of socialism, capitalism remained without a rival. This unusual situation unleashed its greedy and - above all - its suicidal power. The belief is now that everything - and everyone - is fair game.
Gunter Grass
#47. Home Economics stands for the ideal home life for today unhampered by the traditions of the past and the utilization of all the resources of modern science to improve home life.
Ellen Swallow Richards
#48. Even professors of economics, to say nothing of the public, do not generally have scientific minds.
Frank Knight
#49. These days no one can make money on the goddamn airline business. The economics represent sheer hell.
C. R. Smith
#50. An economic system which can only expand or expire must be false to all that is human.
Edward Abbey
#51. Ask five economists and you'll get five different answers - six if one went to Harvard.
Edgar Fiedler
#52. The economy of the future might be called the "spaceman economy," in which the earth has become a single spaceship, without unlimited reservoirs of anything.
Kenneth E. Boulding
#53. If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about the sovereignty of the consumers.
Ludwig Von Mises
#54. Netflix changed the economics of offering niches and, in doing so, reshaped our understanding about what people actually want to watch.
Chris Anderson
#55. The economics profession advances by one confusing financial disaster at a time.
Adam Davidson
#56. Banking and Prosperity in the Thirteenth Occupation or even A Child's Treasury of Economics or The Young Person's Illustrated Omnibus of Fiscal Prudence.
Alastair Reynolds
#57. If you don't own Gold, you know neither history nor economics.
Ray Dalio
#58. [U]nemployment is ... a side effect of the cure for inflation.
Milton Friedman
#59. How could economics not be behavioral? If it isn't behavioral, what the hell is it?
Charlie Munger
#61. However, I have a low opinion of people with narrow political horizons. Someone who talks about the environment and knows nothing about economics can make as many mistakes as someone who does the opposite.
Sigmar Gabriel
#62. Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
Ben Bernanke
#63. Selling is a painful necessity, buying is what makes it all worthwhile.
Steven E. Landsburg
#64. Capitalism tries for a delicate balance: It attempts to work things out so that everyone gets just enough stuff to keep them from getting violent and trying to take other people's stuff.
George Carlin
#65. The fields were fruitful, and starving men moved on the roads.
John Steinbeck
#66. Life is like a curve, horizontally or vertically, we are at origin point
Estiana Cahyawati
#67. My mother was an economics professor. I'm proficient in math, and statistics, game theory, symbolic logic and all of that.
Dave Hickey
#68. Economics is about creating win-win situations. But in sports, someone loses.
Stan Kroenke
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