Political Economy Quotes

• Coining "Dismal Science" as a nickname for Political Economy.

  

  Thomas Carlyle
  • Science
  • Nickname
  • Political Economy

• Political Economy as a branch of science is extremely modern; but the subject with which its enquiries are conversant has in all ages necessarily constituted one of the chief practical interests of mankind.

  

  John Stuart Mill
  • Science
  • Interests
  • Chief

• He who attempts to draw any conclusion whatever as to the nation's wealth or poverty from the mere fact of a favorable or unfavorable Balance of Trade, has not grasped the first fundamental principle of Political Economy.

  

  Ernst Engel
  • Balance
  • Poverty
  • Wealth