Top Economics Quotes

Socialism is not really an option in the material world. There can be no collective ownership of anything materially scarce. One or another faction will assert control in the name of society. Inevitab...

Globalization is a form of artificial intelligence.

Economics Definition

(n.) The science of household affairs, or of domestic management.

(n.) Political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political.

Congress shall make no law abridging the freedom of production and trade...

In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.It is time for a new beginning.

...If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt, and Money. How anybody can think they can analyze capital while leaving ou...

When Republicans recently charged the President with promoting 'class warfare,' he answered it was 'just math.' But it's more than math. It's a matter of morality.Republicans have posed the deepest mo...

Setting a goal is like to set your destination point in your life GPS which could take you to your desire position as you dreamed about...

A valid contract requires voluntary offer, acceptance, and consideration.

Most of us are pseudo-scholars...for we are a very large and quite a powerful class, eminent in Church and State, we control the education of the Empire, we lend to the Press such distinction as it co...

The first thing a man will do for his ideals is lie.

Arbitrage proof has since been widely used throughout finance and economics.

One of the many signs of verbal virtuosity among intellectuals is the repackaging of words to mean things that are not only different from, but sometimes the direct opposite of, their original meaning...

Propounding peace and love without practical or institutional engagement is delusion, not virtue.

What most of these doomsday scenarios have gotten wrong is the fundamental idea of economics: people respond to incentives. If the price of a good goes up, people demand less of it, the companies that...

He who makes $25,000 annually through passive income is more enviable than he who earns $100,000 annually through a salary.

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the ci...

When Republicans recently charged the President with promoting 'class warfare,' he answered it was 'just math.' But it's more than math. It's a matter of morality.

When people encounter the free market and they recoil or react negatively to it, they're merely confessing that voluntaryism, trade and negotiation are foreign and threatening to them, which tells you...

It was the American middle class. No one's house cost more than two or three year's salary, and I doubt the spread in annual wages (except for the osteopath) exceeded more than five thousand dollars....

There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.