Economics Quotes
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Religion to be true must satisfy what may be termed humanitarian economics, that is, where the income and the expenditure balance each other.
Mahatma Gandhi
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It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
John Maynard Keynes
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It is clear that Economics, if it is to be a science at all, must be a mathematical science ... simply because it deals with quantities... As the complete theory of almost every other science involves the use of calculus, so we cannot have a true theory of Economics without its aid.
William Stanley Jevons
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We are ignorant of what it is we do not know even though we know more than we can ever say
G. L. S. Shackle
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I learned that economics was not an exact science and that the most erudite men would analyze the economic ills of the world and derive a totally different conclusion.
Edith Summerskill, Baroness Summerskill
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The attempt to isolate economics from other disciplines-notably politics, history, philosophy, finance, constitutional theory and sociology-has fatally disabled its power to explain what is happening in the world.
Will Hutton
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If it were not for the hope that a scientific study of men's social actions may lead, not necessarily directly or immediately, but at some time and in some way, to practical results in social improvement, not a few students of these actions would regard the time devoted to their study as time misspent. That is true of all social sciences, but especially true of economics. For economics "is a study of mankind in the ordinary business of life"; and it is not in the ordinary business of life that mankind is most interesting or inspiring.
Arthur Cecil Pigou
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So no, I’m not too big on religion...and not very fond of politics or economics either...And why should I be? They are the man-created trinity of terrors that ravages the earth and deceives those I care about. What mental turmoil and anxiety does any human face that is not related to one of those three?
William P. Young
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Capitalism is not an 'ism.' It is closer to being the opposite of an 'ism,' because it is simply the freedom of ordinary people to make whatever economic transactions they can mutually agree to.
Thomas Sowell
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I don't go to the beach. There is no value in going to the beach. If I did go I would probably read economics books.
Esther Duflo
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Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
Ben Bernanke
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In economics, when you put together a highly elastic thing and a highly inelastic thing, you create extraordinary potential for turbulence, volatility, and for unstable prices.
Adair Turner, Baron Turner of Ecchinswell
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Economics that hurt the moral well-being of an individual or a nation are immoral and, therefore, sinful.
Mahatma Gandhi
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Most people have an aversion to risk, my college economics professor told me. Which means they have to be rewarded to take on that risk. The higher the risk, the higher the possible payout has to be for people to jump.
Michael Arrington
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If we are going to carry on growing, and we will, because no country is going to forfeit its right to economic growth, we have to find a way of doing it sustainably.
Tony Blair
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I have yet to meet the famous Rational Economic Man theorists describe. Real people have always done inexplicable things from time to time, and they show no sign of stopping.
Charles S. Sanford, Jr.
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Most of the expressions we use in economics are relative terms. All of us are votaries of free trade.
Nirmala Sitharaman
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The things that get rewarded, get done
Michael LeBoeuf
