Economics Quotes

If the ordinary wage-earner worked four hours a day, there would be enough for everybody and no unemployment -- assuming a certain very moderate amount of sensible organization. This idea shocks the well-to-do, because they are convinced that the poor would not know how to use so much leisure. In America men often work long hours even when they are well off; such men, naturally, are indignant at the idea of leisure for wage-earners, except as the grim punishment of unemployment; in fact, they dislike leisure even for their sons.

Bertrand Russell

If you invest all your energy in economics, world commerce, parliamentarianism, military engagements, power and power politics, -if you take the quantum of intelligence, seriousness, will, and self-overcoming that you embody and expend it all in this one direction, there there won't be any left for the other direction. Culture and the state - let us be honest with ourselves - these are adversaries.

Friedrich Nietzsche

In a society of little economic development, universal inactivity accompanies universal poverty. You survive not by struggling against nature, or by increasing production, or by relentless labor; instead you survive by expending as little energy as possible, by striving constantly to achieve a state of immobility.

Ryszard Kapuscinski

What I'm saying to you this morning is that Communism forgets that life is individual. Capitalism forgets that life is social, and the Kingdom of Brotherhood is found neither in the thesis of Communism nor the antithesis of capitalism but in a higher synthesis.

Martin Luther King Jr.

In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.

Ezra Pound

I see young men, my townsmen, whose misfortune it is to have inherited farms, houses, barns, cattle, and farming tools; for these are more easily acquired than got rid of. Better if they had been born in the open pasture and suckled by a wolf, that they might have seen with clearer eyes what field they were called to labor in. Who made them serfs of the soil? Why should they eat their sixty acres, when man is condemned to eat only his peck of dirt? Why should they begin digging their graves as soon as they are born?

Henry David Thoreau

I could've told you this was gonna happen 8 years ago because it is on purpose.

James Dye

Members of Congress were told they could face martial law if they didn't pass the bailout bill. This will not be the last time.

James Dye

The term bail-out is deceptive. They have people come up with euphenisms to hide reality

James Dye

An economist is someone who knows more about money than the people who have it.

Source Unknown

If you took all the economists in the world and laid them end-to-end, they couldn't reach a conclusion

Source Unknown

If you laid ever economist in the country end to end you would still not reach a conclusion.

Salvador Nasello

There can be economy only where there is efficiency.

Benjamin Disraeli

For economist the real world is often a special case.

Edgar R. Fiedler

We are enjoying sluggish times and not enjoying them very much.

George Bush

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in , say, physics, mathematics, or medicine -- the special pleading of selfish interests.

Henry Hazlitt

Be thrifty, but not covetous.

George Herbert

No nation was ever ruined by trade.

Benjamin Franklin

How great, my friends, is the virtue of living upon a little!

Horace

With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.

Friedrich A. Hayek