Top Economics Quotes

The capital amassed in the eighteenth and nineteenth centuries through various forms of slave economy is still in circulation, said De Jong, still bearing interest, increasing many times over and cont...

Government succeeds by failing.

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.

Jean-Baptiste Say may have coined the term 'entrepreneur' but he totally missed the opportunity to put it on a t-shirt and sell it.

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending

The vast majority of Americans, at all coordinates of the economic spectrum, consider themselves middle class; this is a deeply ingrained, distinctly American cognitive dissonance.

Give me a one-handed Economist. All my economists say 'on hand...', then 'but on the other...

In an advanced industrial society it becomes almost impossible to seek, even to imagine, unemployment as a condition for autonomous, useful work. The infrastructure of society is arranged so that only...

Arguing that the only problem with a free market is lack of competition, is like arguing that that the only problem with prostitution is that there aren't enough pimps.

Ideology follows the money.""Governments don't protect people, people protect governments.""To accept the legitimacy of the state is to embrace the necessity for war.

Where there is commerce there is peace.

Programmers have a saying: "garbage in, garbage out.

The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist

It is not good for man to be kept perforce at all times in the presence of his species. A world from which solitude is extirpated is a very poor ideal. Solitude, in the sense of being often alone, is...

Economics ought to be a magpie discipline, taking in philosophy, history and politics. But heterodox approaches have long since been banished from most faculties, claims Tony Lawson. In the 1970s, whe...

In my experience, economists rarely believe passionately in, or care passionately for, the free market. They are generally more concerned to reveal the market's imperfections, to further their own pro...

Consider the recent financial crisis and its link to faulty reward systems. President Bill Clinton's objective of increasing homeownership by rewarding potential home buyers and lenders is one example...

At times there's something so precise and mathematically chilling about nationalism.Build a dam to take away water AWAY from 40 million people. Build a dam to pretend to BRING water to 40 million peop...

[Voltaire] theoretically prefers a republic, but he knows its flaws: it permits factions which, if they do not bring on civil war, at least destroy national unity; it is suited only to small states pr...

Imagine the big rating agencies as three competitive saloons standing side by side, with each free to set its own drinking age. Before long, nine-year-olds would be downing bourbon

As long as government has the power to regulate business, business will control government by funding the candidate that legislates in their favor. A free-market thwarts lobbying by taking the power t...