Quotes by Economists

We won't be able to stop disasters from happening. On the contrary, climate change may increase the frequency and severity of floods, droughts and storms. But we are better equipped today to prepare for them and reduce their impact. Sri Mulyani Indrawati
Today Change Better Increase On The Contrary Severity Able Impact Droughts Disasters Frequency Reduce Climate Equipped Climate Change Contrary May Stop Happening Storms Them Prepare Floods
Life, we learn too late, is in the living, the tissue of every day and hour. Stephen Leacock
Life Day Every Day Too Late Living Every Too Late Hour Learn Tissue
Market forces and capitalism by themselves aren't sufficient to ensure the common good and to limit the concentration of wealth at levels that are compatible with democratic ideals. Thomas Piketty
Good Capitalism Wealth Market Market Forces Ensure Ideals Concentration Democratic Forces Limit Common Common Good Themselves Compatible Sufficient Levels
It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all. Thomas Sowell
People Wealth Inflation Way Having Take Openly Most Without Tax Them Taxes Universal Raise
Over the generations, black leaders have ranged from noble souls to shameless charlatans. Thomas Sowell
Black Charlatans Shameless Generations Leaders Noble Over Souls
Born in iniquity and conceived in sin, the spirit of nationalism has never ceased to bend human institutions to the service of dissension and distress. Thorstein Veblen
Service Nationalism Bend Distress Born Spirit Never Sin Conceived Institutions Human Iniquity
With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches. Adam Smith
People Rich Consists Parade Part Greater Chief Rich People Riches Enjoyment
Labor was the first price, the original purchase - money that was paid for all things. Adam Smith
Money First All Things Purchase Price Labor Paid Original Things
No complaint... is more common than that of a scarcity of money. Adam Smith
Money Complaint Scarcity More Than Common
Any informed borrower is simply less vulnerable to fraud and abuse. Alan Greenspan
Finance Fraud Borrower Simply Abuse Vulnerable Any Informed Less
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default. Alan Greenspan
Money Pay States Print Print Money Because Always Debt Any Probability United United States Zero Default
E-commerce is a powerful means to connect the unconnected to global trade. Arancha Gonzalez
Powerful Global Trade Means Connect
In society, liberty for one may mean the suppression of liberty for others. Gunnar Myrdal
Liberty Society Others Suppression May Mean
The invention of the printing press was one of the most important events in human history. Ha-Joon Chang
History Events Invention Important Press Most Printing Printing Press Human The Most Important Human History
Capital is a result of labor, and is used by labor to assist it in further production. Labor is the active and initial force, and labor is therefore the employer of capital. Henry George
Result Active Further Employer Force Labor Capital Production Used Initial Therefore Assist
The eighteenth century discovery that, in an institutional framework that facilitates voluntary exchanges among individuals, this process generates results that might be evaluated positively, produced 'economics,' as an independent academic discipline or science. James M. Buchanan
Science Discipline Economics Framework Positively Independent Results Exchanges Voluntary Individuals Institutional Academic Discovery Eighteenth Eighteenth Century Process Might Century Produced Among
In the United States, though power corrupts, the expectation of power paralyzes. John Kenneth Galbraith
Power Corrupts Corrupts Power Expectation States Though United United States
In any great organization it is far, far safer to be wrong with the majority than to be right alone. John Kenneth Galbraith
Alone Great Organization Great Organization Wrong Majority Safer Than Any Far Right
All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership. John Kenneth Galbraith
Time Leadership Great People Anxiety Else Characteristic Willingness Great Leaders Had Leaders Major Unequivocally Essence Common Confront Much
I work for a Government I despise for ends I think criminal. John Maynard Keynes
Work Government Think Despise Criminal Ends
When you don't have equality of opportunity because you don't have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality. Joseph Stiglitz
Education You Equality Opportunity Our Weakens Seems More Outrageous Leads Economy Equal Because Inequality Access Just
China-led globalization in some ways worries me because they are not concerned about human rights, labor rights. They probably aren't even really concerned about competitive marketplaces. So in some ways, they're like Mr. Trump. Joseph Stiglitz
Me Rights Human Rights Worries Ways Some About Like Concerned Globalization Because Trump Labor Human Really Even Competitive
The philosophy of protectionism is a philosophy of war. Ludwig von Mises
War Philosophy Protectionism
All knowledge of cultural reality, as may be seen, is always knowledge from particular points of view. Max Weber
Knowledge Reality Seen Points Particular Always Cultural May View
Power is the chance to impose your will within a social context, even when opposed and regardless of the integrity of that chance. Max Weber
Integrity Will Power Within Context Opposed Impose Regardless Social Your Even Chance
The career of politics grants a feeling of power. The knowledge of influencing men, of participating in power over them, and above all, the feeling of holding in one's hands a nerve fiber of historically important events can elevate the professional politician above everyday routine even when he is placed in formally modest positions. Max Weber
Politics Knowledge Events Men Power Feeling Important Politician Fiber Holding Positions Everyday Nerve Above He Participating Over Historically Hands Influencing Placed Them Modest Grants Professional Even Elevate Routine Career
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