Economic Quotes
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In America, quite often, for people from a certain economic position two choices become very evident as to their adult life. One is crime, one is the military. And it is quite often that some people choose one or the other, their options not being as many as someone from a higher income.
Henry Rollins
Black Flag
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The myth of the inevitability of economic globalization is based largely on the work of Milton Friedman, and easily the most underreported story of our time is that the current economy proves Friedman flatly wrong.
Molly Ivins
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“What does not yet exist cannot now be known. The future is imagined by each man for himself and this process of the imagination is a vital part of the process of decision. But it does not make the future known. The absolute and eternal difference between the recorded past and the unformed future, despite its overwhelming significance for the very stuff of human existence, has been often overlooked in our economic theories.”
G. L. S. Shackle
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Government should support - and benefits from - economic development and settlement. The oft-used analogy of building highways and supporting infrastructure - not driving the vehicles or the industry - fits.
Rick Tumlinson
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I think the rise of China is one of the great events of all economic and human history, and I think this will be overwhelmingly a positive thing for the region and the world.
Paul Keating
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I think everybody in this generation, and I'm the leading edge of the baby boom - I was born in 1946 - has benefitted from a 30-year explosion of debt, which created temporary but unsustainable economic prosperity and a financialization of the system through lower, and lower, and lower interest rates that has created massive rewards to speculation but not real investments so I benefitted from it. Almost everyone who has been in the market has benefitted but they didn't earn it.
David Stockman
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We in India, as a result of our planned economic development, not central planning, but mixed planning, mixed economy, we have experimented with, we have moved to a stage of partial maturity of the economy, when we needed new forms of management, new forms of, expression of the spirit of enterprise, so that the economy can move forward. The compulsion to liberalisation and globalisation arose from this. This is why we say that India's liberalisation is an irreversible process....and, in a vast country, with millions of people and poverty, rampant, we cannot liberalise recklessly, in such a way that the balance of the society is upset and while some sections would flourish, make profits, the rest of the people would be left without employment and be helpless. Therefore, we have to have a balanced approach to liberalisation and also to globalisation.
K. R. Narayanan
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Unlike the members of the physical and biological sciences, the economist is asked to explain his work in a manner that is interesting and convincing to a weary listener. Yet there is no reason to believe that the explanation of our economic and social world is inherently simpler than the explanation of our physical world.
George Stigler
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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 quite naturally, as the result of economic relationships that were independent of the power of the state.
Carl Menger
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One of the consequences of such notions as ‘entitlements’ is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.
Thomas Sowell
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In any case I hold that there must arise a science of the development of economic forms and relations.
William Stanley Jevons
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The presumed causes of Americas troubles can be summed up simply: the evils of unlimited competition, and abuses by those with economic power.
Charles A. Reich
