Economics Quotes
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You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.
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That’s because they don’t know. It’s like economics. Everybody’s got a theory, and some people make it their religion.
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When, over fifty years ago, I first became interested in economics - as a discipline that provided the key to social structure and social problems - it never crossed my mind that one day I might be the honored recipient of a Nobel Memorial Prize.
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Before 'Life of Pi,' I wanted to do economics. And now, I realize how bad a mistake that would have been. I just can't see it as my cup of tea anymore.
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Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.
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I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply.
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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
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The very name of my subject, economics, suggests economizing or maximizing. But Political Economy has gone a long way beyond home economics.
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Over the long term, absent of other barriers, economics always win.
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Teachers have power. We may cripple them by petty economics; by Government regulations, by the foolish criticism of an uninformed press; but their power exists for good or evil.
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It is clear that economics, if it is to be a science at all, must be a mathematical science.
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The human condition is always to push forward for the better and economics is the study of that process.
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Waiting for supply-side economics to work is like leaving the landing lights on for Amelia Earhart.
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Economics has never been a science - and it is even less now than a few years ago.
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The English practice of accommodating the rules of commercial law to commercial practice. The line of causation ran from economic need to legal response
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I really am enjoying my economics class, but I think my favorite course has to be history.
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I think that the economics of book publishing favor hits with long book runs. You make all your money on the last bunch of books, not the first.
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We've had trickle down economics in the country for ten years now, and most of us aren't even damp yet.
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All the political angst and moral melodrama about getting 'the rich' to pay 'their fair share' is part of a big charade. This is not about economics, it is about politics.
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The most powerful forces in economics are not numbers or facts. They are prejudices and preferences. No amount of evidence will ever change the degree to which many of the rich and powerful prefer themselves to be richer and more powerful and others poorer and weaker.
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For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights.
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Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
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The situation today is so different than in the '70s. The laws are different, and people's understanding about economics is different. I don't see any serious move for such controls.
