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Economics Quotes
Economics Quotes
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Thomas Sowell
Politics
First
Economics
Lesson
Enough
Those
Scarcity
Never
Want
Anything
Who
Fully
Satisfy
Disregard
Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder.
John F. Kennedy
God
History
Man
Together
Made
Economics
Those
Neighbors
Asunder
Allies
Joined
Put
Partners
Geography
Friends
Us
Whom
Necessity
It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics, because discrimination, poverty and ignorance restrict growth, while investments in education, infrastructure and scientific and technological research increase it, creating more good jobs and new wealth for all of us.
William J. Clinton
Education
Good
Ignorance
Wealth
Opportunity
Poverty
Economics
Research
Increase
Good Jobs
Out
Jobs
Morally
Restrict
More
Both
Economic
Investments
Advancing
New
Equal
Equal Opportunity
Empowerment
Because
Scientific
Discrimination
While
Infrastructure
Us
Creating
Turns
Growth
Right
Technological
I don't think most of Congress understands how economics works.
Alexandria Ocasio-Cortez
Economics
Congress
Think
Most
Understands
How
Works
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
Friedrich August von Hayek
Finance
Men
Economics
Design
About
Know
How
Demonstrate
Curious
Task
Little
Really
Imagine
Design is a way of life, a point of view. It involves the whole complex of visual communications: talent, creative ability, manual skill, and technical knowledge. Aesthetics and economics, technology and psychology are intrinsically related to the process.
Paul Rand
Life
Knowledge
Technology
Creative
Economics
Design
Related
Way
Complex
Visual
Ability
Point
Point Of View
Talent
Involves
Aesthetic
Process
Psychology
Communications
Skill
View
Manual
Whole
Technical
Technical Knowledge
January is always a good month for behavioral economics: Few things illustrate self-control as vividly as New Year's resolutions. February is even better, though, because it lets us study why so many of those resolutions are broken.
Sendhil Mullainathan
Good
Broken
Better
Economics
Year
Few
Month
Those
Though
Vividly
February
Study
Self-Control
New
Because
Always
Behavioral
Few Things
January
Us
Many
Even
Lets
Why
Illustrate
Things
Resolutions
Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.
Tyler Cowen
Life
You
Better
Economics
Understanding
Everywhere
Lead
Make
Happier
Decisions
Help
History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them.
B. R. Ambedkar
History
Conflict
Victory
Ethics
Economics
Unless
Willingly
Never
Come
Force
Known
Always
Been
Vested
Vested Interests
Where
Them
Themselves
Interests
Shows
Compel
Sufficient
Rather than dividing the world between good and evil, the Left divided the world in terms of economics. Economic classes, not moral values, explained human behavior. Therefore, to cite a common example, poverty, not one's moral value system, or lack of it, caused crime.
Dennis Prager
Good
Good And Evil
World
Behavior
Crime
Value
Evil
Values
Example
Poverty
Economics
Value System
System
Cite
Moral
Classes
Moral Values
Rather
Economic
Divided
Dividing
Between
Terms
Caused
Left
Than
Lack
Human
Common
Human Behavior
Explained
Therefore
Economics is extremely useful as a form of employment for economists.
John Kenneth Galbraith
Economics
Extremely
Economists
Employment
Form
Useful
The idea that we're going to austerity ourselves into prosperity is so mistaken, and honestly, I feel like one of the big problems we have is that, because Democrats don't have a deep understanding of or degrees in economics, they allow Wall Street folks to roll in the door and think that they're giving them an education.
Alexandria Ocasio-Cortez
Education
Prosperity
Problems
Giving
Economics
Big
Understanding
Think
Honestly
Ourselves
Degrees
Folks
Allow
Idea
Feel
Like
Mistaken
Because
Democrats
Austerity
Wall
Wall Street
Roll
Big Problems
Going
Door
Them
Deep
Street
Globalization and trade liberalization were supposed to make us all better off through the mechanism of trickle-down economics. What we seemed to be seeing instead was trickle-up economics, accompanied by a destruction of democratic politics, as we moved ever closer to a system of 'one dollar, one vote' as opposed to 'one person, one vote.'
Joseph Stiglitz
Politics
Vote
Destruction
Better
Economics
System
Seeing
Seemed
Through
Better Off
Instead
Supposed
Democratic
Globalization
Make
Trade
Opposed
Accompanied
Were
Dollar
Off
Person
Closer
Moved
Us
Mechanism
Ever
Every high school and college graduate in America should, I think, have some familiarity with statistics, economics and a foreign language such as Spanish. Religion may not be as indispensable, but the humanities should be a part of our repertory. They may not enrich our wallets, but they do enrich our lives. They civilize us. They provide context.
Nicholas Kristof
Religion
School
Language
College
Economics
Every
Humanities
Think
Enrich
Our
Our Lives
Statistics
High
Some
High School
High School And College
Indispensable
Part
Foreign
Context
Foreign Language
Provide
Repertory
Familiarity
America
Graduate
May
Spanish
Us
Should
Lives
It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.
Friedrich August von Hayek
Today
Me
Science
Economics
Differences
Moral
Pretense
Moral Questions
About
Entirely
Seems
Merely
Academic
Questions
Decide
Cannot
Which
Socialists
Position
Preserve
Economics is a subject that does not greatly respect one's wishes.
Nikita Khrushchev
Respect
Economics
Wishes
Does
Subject
Greatly
We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.
Paul Hawken
Good
Capitalism
Business
Natural
Economic Development
Will
Value
Economics
Practice
Thinking
Tool
Our
Resources
Promotion
Give
Both
Economic
Development
Powerful
New
Policy
Provide
Revise
Revised
Stabilize
Public
Natural Resources
Public Good
Full
Theory
Public Policy
Profitability
Need
Many individuals are doing what they can. But real success can only come if there is a change in our societies and in our economics and in our politics.
David Attenborough
Success
Politics
Change
Economics
Our
Only
Individuals
Come
Real
Doing
Real Success
Many
Societies
Doing the same thing over and over again and expecting different results when, in fact, the results never change, is one definition of insanity. That goes for economics, too.
Lawrence Kudlow
Change
Insanity
Economics
Same Thing
Too
Definition
Fact
Results
Never
Over
Doing
Expecting
Same
Goes
Different
In Fact
Again
Thing
Human well-being is not a random phenomenon. It depends on many factors - ranging from genetics and neurobiology to sociology and economics. But, clearly, there are scientific truths to be known about how we can flourish in this world. Wherever we can have an impact on the well-being of others, questions of morality apply.
Sam Harris
World
Random
Economics
Others
Impact
About
Morality
Factors
Clearly
Genetics
Known
Well-Being
Scientific
How
Questions
Truths
Human
Depends
Wherever
Many
Flourish
Apply
Sociology
Phenomenon
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Warren Buffett
Business
Management
Economics
Reputation
Bad
Remains
Intact
Brilliance
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
Where there is politics or economics, there is no morality.
Karl Wilhelm Friedrich Schlegel
Politics
Economics
Morality
Where
Traditional economics is based on imaginary creatures sometimes referred to as 'Homo economicus.' I call them Econs for short. Econs are amazingly smart and are free of emotion, distraction or self-control problems. Think Mr. Spock from 'Star Trek.'
Richard Thaler
Sometimes
Smart
Problems
Free
Economics
Think
Trek
Distraction
Emotion
Spock
Self-Control
Call
Traditional
Amazingly
Referred
Short
Them
Star
Star Trek
Creatures
Based
Homo
Imaginary
All the political angst and moral melodrama about getting 'the rich' to pay 'their fair share' is part of a big charade. This is not about economics, it is about politics.
Thomas Sowell
Politics
Political
Economics
Big
Rich
Pay
Melodrama
Moral
About
Angst
Share
Part
Fair
Fair Share
Getting
President Reagan, Jack Kemp and other advocates of supply-side economics understood that pro-growth tax, spending and economic policies were essential to America's long-term economic and fiscal health.
Bob Beauprez
Health
Economics
Other
President
President Reagan
Spending
Economic
Economic Policies
Long-Term
Policies
Advocate
Reagan
Fiscal
Understood
Were
Jack
America
Pro-Growth
Essential
Tax
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