Economics Quotes
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A demand for commodities is not a demand for labor. The demand for labor is determined by the amount of capital directly devoted to the remuneration of labor: the demand for commodities simply determines in what direction labor shall be employed.
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...quantity is not necessarily synonymous with quality and brilliant ideas are not a function of the number of titles printed.
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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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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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Economics is mostly how humans rationalize who gets what and why. It's how we instantiate our preferences about status, privileges, and power.
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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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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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Even though I didn't get a business degree, I enjoyed learning about economics.
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I don't think Obama understands basic economics. Not economics that work. He may understand some theory that someone in Princeton sat and dreamed up, but it's not working.
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Companies that start by redesigning the economics of an industry often finish by redesigning the whole industry-and owning it.
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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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Over the long term, absent of other barriers, economics always win.
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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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A land ethic for tomorrow should...stress the oneness of our resources and the live-and-help-live logic of the great chain of life.
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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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Economics has never been a science - and it is even less now than a few years ago.
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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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Economics is not a morality play.
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My principal work now lies in tracing out the exact nature and conditions of utility. It seems strange indeed that economists have not bestowed more minute attention on a subject which doubtless furnishes the true key to the problems of economics.
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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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If you're a realist, you know that people have different roles to play in politics, economics, and this is an important role, but I do think that there has to be an understanding of how what happens here on Wall Street has such broad consequences not just for the domestic but the global economy, so more thought has to be given to the process and transactions and regulations so that we don't kill or maim what works, but we concentrate on the most effective way of moving forward with the brainpower and the financial power that exists here.
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Politics don't exist, actually. It's just a cheap business. Economics is what makes politics.
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I think that the use of copyright is going to change dramatically. Part of it is economics. There is just going to be so much content out there - there's a scarcity of attention. Information consumes attention, and there's too much information.
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Prices impose the most effective kind of rationing - self-rationing. Why is rationing necessary? Because what everybody wants always adds up to more than there is. . .Resources are limited but desires are not. That is the basic and defining problem of economics.
