Economic Quotes
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While economic development [in Egypt] made a few people rich, it left many more worse off. As people felt less and less free, they also felt less and less provided for.
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The biggest shortage in the world is not oil or food-it's leadership. Why is it such a scarce resource? Because egos get involved. Most people in top positions think they are better than somebody else, think they need something better than somebody else. It's economic assets, it's status, it's all those other things that prevent the people at the top from subordinating themselves totally to the people they lead. It is not socialism. Leaders get paid a lot more than those they lead, they get paid for their knowledge and skill...but they are no better as a person.
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Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.
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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.
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It is not pretended that, at the present stage of its development, economic science is able to provide an organon even remotely approaching to what it imagines for itself as its ideal.
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In a democracy the responsibility for the Government's economic policies, which so affect the economy, normally rests with the elected representative of the people: in our case, with the President and the Congress. If these two follow economic policies inimical to the general welfare, they are accountable to the people for their actions on election day. With Federal Reserve independence, however, a body of men exist who control one of the most powerful levers moving the economy and who are responsible to no one.
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The economic picture in the States today doesn't allow for jazz concerts in a tour fashion. People now are too used to the Festival, which gives them more names for the same price.
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In the beginning I thought, and still think, he did great good in giving support and encouragement to this movement. But I did not believe then, and have never believed since, that these ills can be settled by partisan political methods. They are moral and economic questions.
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In my opinion, the key internal element in Rome’s success or failure was the economic well-being of its taxpayers. This was because the empire relied for its security on a professional army, which in turn relied on adequate funding.
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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.
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We must recognize that this massive economic bloc that's emerging in North America cannot be accomplished unilaterally. It must be accomplished in partnership with Mexico and Canada. And we have to work together to secure the continent in order to keep dangerous people and dangerous things out and strengthen perimeter security on a continental basis.
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If I really believed in Friedman's economic theory, then I'd be quite satisfied to spend the rest of my life with a garden hose shoved down my throat, being filled with custard by representatives of the people of China.
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Economics becomes redundant if it can rationalise an exchange that sells the future of humankind.
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We complain of the increased tempo of our lives, but our frenetic lives are just reflection of the economic system that we have created.
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What does 'economic justice' mean, except that you want something that someone else produced, without having to produce anything yourself in return?
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The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin.
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I am part of the World Economic Forum Global Council on Robotics and AI, and we spend a fair amount of our time together as a group discussing ethics, best practices, and the like.
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Brand equity doesn't change based on economic considerations.
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The Free Market is Mother Nature's way of organizing economic activity.
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I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.
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Difficult economic times, often spur great periods of creativity and invention.
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Executives need to understand the economic benefits of trust dividend, especially when the behavior is real, not artificially or superficially created as PR to manipulate trust.
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For Marx, 'pure' economic theory, that is economic theory which abstracts from a specific social structure, is impossible.
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AIDS destroys families, decimates communities and, particularly in the poorest areas of the world, threatens to destabilize the social, cultural, and economic fabric of entire nations.
