Quotes About Economics

All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works in a fantasy world. It doesn't work in reality.

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

Economics and politics are so intertwined and interlinked that politics now, mainstream politics, extreme center politics, are little else but a version of concentrated economics. And this means that any alternative - alternative capitalism, left Keynesianism, intervention by the state to help the poor, rolling back the privatizations - becomes a huge issue. The entire weight of the extreme center and its media is turned against it, which in reality now is beginning to harm democracy.

Trickle-down economics - it didn't work. The whole idea was supply-side economics: give rich people a lot of money; they'll spend it, it'll go into the economy. Here's what we found out - rich people, really good at keeping all the money. That's how they got rich. If you want it in the economy, give it to the poor people. You know what they're really good at? Spending all their money.

I suspected economics was irredeemable as a policy tool for citizens groups. I saw economics lead its practitioners and citizens alike into a form of brain-damaging indoctrination.

Economics taught in most of the elite universities are practically useless in my context. My country [Afghanistan] is dominated by drug economy and a mafia; textbook economics does not work in my context.

Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.

The way I think of it, economics and ecology occupy two intellectual silos, isolated from each other. Even when they do take each other into consideration, it's not uncommon for ecologists to spout absolute nonsense about economics, and vice versa.

I think it's evident that expensive neighborhoods in Seattle are surrounded by natural beauty. That elevates city life. So if we can make cities more attractive in the long run, we can be smarter about issues like development, zoning and economics.

Our real battlefield today is Asia and our real battle is the one between democracy and communism. . . . We have to prove to the world and particularly to downtrodden areas of the world which are the natural prey to the principles of communist economics that democracy really brings about happier and better conditions for the people as a whole.

Class I to XII wasn't much help; I was always a mediocre student. But when I pursued higher education and studied economics with theatre or psychology with science fiction, I got a whole new world view.

My policies are based not on some economics theory, but on things I and millions like me were brought up with: an honest day's work for an honest day's pay; live within your means; put by a nest egg for a rainy day; pay your bills on time; support the police.

I don't care very much for the People Magazine approach to applied economics.

The laws of economics tell us that the expansion of the central state can't go on forever. Its limit is reached when the looted turn on the looters.

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?

External realities - worlds of politics, economics, law, war, interpersonal and social relations - are part of prose fiction. Fiction also includes the realities of a character's interior language. Poetry can encompass the same realities, but in compressed, intensified language, which creates entirely different degrees of emotional force.

Basic US economics tells us that back-of-the-house workers are very unlikely to get more pay overall. The fact that workers are in those jobs means employers are already paying them what they need to pay them to get them in the current environment. If employers do share some tips with them, it will likely be offset by a reduction in their base pay.

I don't want to die and leave a few sad songs and a hump in the ground as my only monument. I want to leave a world that is liberated from trash, pollution, racism, nation-states, nation-state wars and armies, from pomp, bigotry, parochialism, a thousand different brands of untruth and licentious, usurious economics.

You can sort of see elements of Donald trump policy in different walks of life. Brazil and France have a long history in intervening in business decisions to protect local jobs. What I don't think we see is much evidence that in the long run those types of tactics make much difference, when the economics of production are pushing in the other direction.

If you look at the economics of Nokia roughly half of the company, half of the business, half of how we think about the business is focused on those emerging markets and on those lower-priced devices. But, of course, people who are aspirational and buying those lower-priced devices today are looking at smart phones tomorrow, and so forth.

What I did not know yet about hunger, but would find out over the next twenty-one years, was that brilliant theorists of economics do not find it worthwhile to spend time discussing issues of poverty and hunger. They believe that these will be resolved when general economic prosperity increases. These economists spend all their talents detailing the process of development and prosperity, but rarely reflect on the origin and development of poverty and hunger. A a result, poverty continues.

If socialists understood economics, they wouldn't be socialist.

The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it.

But waiting for 'eventually' to prove the alarmists wrong is not the wisest course of action. Unfullfillable ambitions to stifle growth will devastate a world trying to deal with the complexities of economics, stability, and the environment. Quality of life depends on access to energy. Noble intentions about 'C02-free' sources of energy are not sufficient, if their agenda of eliminating coal as a source, and turning their back on nuclear, are allowed to be part of our near-term policies.

Cutting budget deficits can never be just an exercise in economics.

Marx, however imperfectly he worked out the details, set himself the task of discovering the law of motion of capitalism, and if there is any hope of progress in economics at all, it must be in using academic methods to solve the problems posed by Marx.

Two Americans have been awarded the Nobel Prize for Economics. They are the first to figure out all the charges on their telephone bill.

Economics and ethics have little in common.

Economics is like the Dutch language - I'm told it makes sense, but I have my doubts.

Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.

So science alone cannot solve this problem [mass extinction of humans]. It's something that we can only tackle by bringing science together with culture, economics, and even politics.

We have lost sight of the dependence we have on nature in economics

One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.

As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports.

As for us, He has appointed the job of permanent unemployment. If he wanted us to work, after all, He would not have created this wine. With a skinfull of this, Sir, would you rush out to commit economics?

The more propaganda . . . conservatives spread for capitalist economics while at the same time preaching collectivism morally and philosophically , the more nails they’ll drive into capitalism’s coffin.

I was certain that I was not a Marxist, but I did believe firmly that a connection between economics and politics existed.

I'm not sure Roosevelt was quite a monster, he just did a poor job on the economics.

[My father] was also a lawyer in his bank and specialized in tax law. He would have to do the tax returns for all the Harvard profs because they were buffaloed by that kind of reasoning. Professors in the economics department, even they knew nothing about it.

On one project I was hanging out with Brad Pitt, and Ryan Gosling, and Steve Carrel, and Christian Bale, and trying to explain economics to them for a movie I'm an advisor on.

Romney economics would spell disaster for America's middle class. In this economy there are shipbuilders and ship wreckers.

The questions of economics, and how they infect, or rather how they affect intimacy. And that's probably the subject of all my films.

Let’s summarize. What is awesomeness? Awesomeness happens when thick — real, meaningful — value is created by people who love what they do, added to insanely great stuff, and multiplied by communities who are delighted and inspired because they are authentically better off. That’s a better kind of innovation, built for 21st century economics.

The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise.

I do know enough about economics - and so do you - to understand that the 'stimulus program' of Barack Obama and his ravenous parasitic hordes, supposedly designed to 'repair' America's broken economy, reveals him to be unimaginably stupid, gibberingly insane, or simply the biggest, most barefaced criminal thug ever to occupy the White House. And that's saying a lot.

My response [to fear of being poor]was to study contracts, finance, economics, to plan, to have a goal, to work on that goal. To learn everything I could. I always poked at the things that scared me most.

Economics, politics, and personalities are often inseparable.

The fundamental flaw in Social Security and Medicare is that they violate the 'welfare principle' in economics. The welfare principle forms the fundamental basis of all charitable work in churches and other private organizations: assist those who need help, and equally important, don't assist individuals who can take care of themselves.