Top Economics Quotes

It was Thomas Edison who brought us electricity, not the Sierra Club. It was the Wright brothers who got us off the ground, not the Federal Aviation Administration. It was Henry Ford who ended the iso...

Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.

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.

The first people to get the new money are the counterfeiters, which they use to buy various goods and services. The second receivers of the new money are the retailers who sell those goods to the coun...

Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money qu...

For anyone who thinks "profit" is evil, I have a challenge for you: try NOT to get any profit in the next week. Profit simply means increasing how much valuable stuff you have, and if you don't profit...

If you have money but not love you will somehow manage, but if you don't have both then you are in serious trouble.

Why should a financial engineer be paid four, four times... to a hundred times more than the, uh... real engineer?A real engineer build bridges, a financial engineer build, build dreams.And when those...

Laissez faire (in its full true meaning) opens the way to the realization of the noble dreams of socialism.

The disdain of profit is due to ignorance, and to an attitude that we may if we wish admire in the ascetic who has chosen to be content with a small share of the riches of this world, but which, when...

Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as adequate food, shelter, and clothing. A society with great income inequality may h...

There is not the slightest analogy between playing games and the conduct of business within a market society. The card player wins money by outsmarting his antagonist. The businessman makes money by s...

Over time, this growing tendency of like marrying like will only reinforce clustering and geographic sorting along class lines, giving the emerging map of social, economic, and cultural segregation ev...

Be careful... any time you find yourself defining the "winner" as someone other than the agent who is currently smiling from on top of a giant heap of utility.

Capitalism is not a form of government. Capitalism is a symptom of freedom. It is the result of individual rights, which include property rights.

Housework, handicrafts, subsistence agriculture, radical technology, learning exchanges, and the like are degraded into activities for the idle, the unproductive, the very poor, or the very rich. A so...

Government should never be able to do anything you can't do. If you can't steal from your neighbor, you can't send the government to steal for you.

Our faith in freedom does not rest on the foreseeable results in particular circumstances but on the belief that it will, on balance, release more forces for the good than for the bad.

On Earth one of the things that a large proportion of the locals is most proud of is this wonderful economic system which, with a sureness and certainty so comprehensive one could almost imagine the p...

Apart from the economic value, money does have high moral value.

Saying that you are moral because you believe in a god is like saying you are an economist because you play monopoly.