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Quotes by Economists
If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn.
David Ricardo
Prosperity
Will
Fall
Encouragement
Corn
Classes
Price
Lead
Most
Obtained
Industry
Surely
Commercial
Accumulate
Capital
Then
Means
Productive
Certainly
If we were left to ourselves, unfettered by legislative enactments, we should gradually withdraw our capital from the cultivation of such lands, and import the produce which is at present raised upon them.
David Ricardo
Our
Ourselves
Import
Withdraw
Were
Cultivation
Left
Gradually
Legislative
Unfettered
Which
Them
Capital
Produce
Lands
Should
Present
Raised
In comparing therefore the value of the same commodity, at different periods of time, the consideration of the comparative skill and intensity of labour, required for that particular commodity, needs scarcely to be attended to, as it operates equally at both periods.
David Ricardo
Time
Needs
Value
Consideration
Scarcely
Both
Attended
Particular
Periods
Equally
Labour
Same
Intensity
Commodity
Different
Skill
Required
Therefore
Comparative
Comparing
In the same manner if any nation wasted part of its wealth, or lost part of its trade, it could not retain the same quantity of circulating medium which it before possessed.
David Ricardo
Wealth
Nation
Lost
Before
Medium
Possessed
Could
Retain
Part
Quantity
Trade
Same
Any
Which
Manner
Wasted
The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities.
David Ricardo
Time
Food
Increases
Beneficial
Ways
Facility
Obtaining
Same
Owners
Commodities
Same Time
Capital
Amount
Profits
Raises
Two
My father had not even completed high school when he started as an office boy working for the Metropolitan Life Insurance Company, and I am not sure that my mother completed high school.
Douglass North
Life
School
Mother
Father
Completed
High
High School
Life Insurance
Had
He
Sure
Insurance
Boy
Am
Metropolitan
Office
Working
Company
Even
Started
While I was there I became deeply interested in photography, and indeed the most noteworthy event in my early life was winning first, third, fourth and seventh prizes in an international competition for college and high school students.
Douglass North
Life
Photography
Competition
School
College
First
Seventh
Indeed
High
High School
High School Students
Winning
Students
Most
Became
Prizes
While
Interested
Noteworthy
International
Event
Deeply
Early
Fourth
Third
Early Life
What the war did was give me the opportunity of three years of continuous reading, and it was in the course of reading that I became convinced that I should become an economist.
Douglass North
War
Me
Opportunity
Three
Reading
Become
Give
Give Me
Economist
Course
Became
Years
Continuous
Did
Convinced
Should
The development of a political-economic framework to explore long-run institutional change occupied me during all of the 1980s and led to the publication of Institutions, Institutional Change and Economic Performance in 1990.
Douglass North
Me
Change
Framework
Economic
Development
Performance
Institutional
Institutions
Occupied
Led
Explore
Publication
Our family life was certainly not intellectual.
Douglass North
Life
Family
Our
Intellectual
Family Life
Certainly
My wife and I now live in the summers in northern Michigan in an environment which is wonderfully conducive to research, and where most of my work in the last 15 years has been done.
Douglass North
Work
Wife
Research
Live
Summers
Has-Been
Environment
Most
Been
Years
Conducive
Michigan
Wonderfully
Done
Northern
Where
Which
Now
Last
My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking.
Douglass North
Life
Work
Relationship
Early Work
Dissertation
Analysis
Life Insurance
Investment
Around
Insurance
Expanding
Banking
Centered
Publications
Early
My brother and sister are both older than I am and were born before my father went off to World War I.
Douglass North
War
World
Father
Before
Sister
Older
Brother
Brother And Sister
Born
Both
Am
Were
Off
Than
World War
World War I
I went to elementary school in Ottawa, and then to a private secondary school.
Douglass North
School
Secondary
Secondary School
Ottawa
Private
Then
Elementary
Elementary School
I was opposed to World War II, and indeed on June 22, 1941 when Hitler invaded the Soviet Union I suddenly found myself the lone supporter of peace since everybody else had, because of their communist beliefs, shifted over to become supporters of the war.
Douglass North
War
Myself
Peace
World
Become
Everybody
Everybody Else
Else
Indeed
Lone
Invaded
Had
Supporter
Supporters
Over
Since
Because
Opposed
Shifted
June
Soviet
Soviet Union
Communist
Union
Suddenly
Beliefs
Found
World War
World War II
I continue to be a photographer; I have enjoyed fishing and hunting with a close friend; and have owned two ranches, first in northern California and then in the state of Washington.
Douglass North
First
State
Hunting
Photographer
California
Continue
Fishing
Friend
Close
Close Friend
Owned
Northern
Northern California
Then
Washington
Enjoyed
Two
It is said, that in Holland Interest is lower than in England.
Dudley North
Said
Than
Interest
Holland
Lower
England
Trade is nothing else but a Commutation of Superfluities; for instance: I give mine, what I can spare, for somewhat of yours, which I want, and you can spare.
Dudley North
You
Nothing
Else
Mine
Give
Somewhat
Instance
Trade
Want
Which
Spare
Yours
One rich Man hath Lands, not only more than he can manage, but so much, that letting them out to others, he is supplied with a large over-plus, so needs no farther care.
Dudley North
Needs
Man
Care
Rich
Others
Out
Hath
More
Only
Supplied
He
Than
Manage
Them
Rich Man
Much
Lands
Farther
Large
Letting
It may be said, let him take Money at Interest, and not buy at Time. But then Men must be found, that will lend; the Legislative must provide a Fund to borrow upon.
Dudley North
Buy
Time
Money
Will
Men
Must
Borrow
Take
Him
Said
Provide
May
Legislative
Interest
Lend
Then
Fund
Found
If any man, out of an humour, should turn all his Estate into Money, and keep it dead, he would soon be sensible of Poverty growing upon him, whilst he is eating out of the quick stock.
Dudley North
Man
Money
Poverty
Humour
Out
Would
Eating
He
Soon
Dead
Him
His
Quick
Stock
Any
Estate
Sensible
Whilst
Turn
Should
Growing
Keep
The printing press is either the greatest blessing or the greatest curse of modern times, sometimes one forgets which it is.
E. F. Schumacher
Blessing
Sometimes
Press
Printing
Printing Press
Greatest
Greatest Blessing
Times
Forgets
Modern
Curse
Modern Times
Either
Which
To qualify as a recession, economic activity must decline in an absolute sense; a mere slowdown in real growth is not enough.
Edgar Fiedler
Sense
Recession
Enough
Must
Economic
Economic Activity
Absolute
Mere
Qualify
Real
Decline
Activity
Growth
If we're going to forecast the business cycle, surely it is a good idea to know the business cycle. Sounds reasonable, but it's not that easy.
Edgar Fiedler
Good
Business
Easy
Idea
Know
Forecast
Surely
Sounds
Going
Cycle
Reasonable
Good Idea
For economist the real world is often a special case.
Edgar Fiedler
World
Case
Economist
Real
Often
The Real World
Real World
Special
If a proposal doesn't prove out as expected when we run it, sometimes we change the model.
Edgar Fiedler
Change
Sometimes
Out
Run
Proposal
Prove
Model
Expected
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