Quotes About Economics

Economics and a reliance on science and technology to solve our problems has led to an unsustainable situation where continued growth in consumption is required for governments and business to be considered successful. This is a form of insanity. Economics is at the heart of our destructive ways and our faith in it has blinded us

I was teasing my brother that he was penniless, homeless, jobless. Right now in his life, racism isn't the central highlighting force: it's the world of work and economics. It doesn't mean that he isn't influenced by racism, but when he wakes up in the morning the thing that's driving his world is really issues of class, economics and power as they articulate themselves.

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'.

We do not need to understand economics in order to experience the benefits of freedom of exchange and production. But we may very well need to understand economics in order to sustain and maintain the institutional framework that enables us to realize the benefits that flow from freedom of exchange and production.

So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.

My war - and I have yet to win a decisive battle - is with the modes of thought that and conditioned feelings that prevail in psychology and therefore also in the way we think and feel about our being. Of these conditions none are more tyrannical than the convictions that clamp the mind and heart into positivistic science (geneticism and computerism), economics (bottom-line capitalism), and single-minded faith (fundamentalism).

Fascism entirely agrees with Mr. Maynard Keynes, despite the latter's prominent position as a Liberal. In fact, Mr. Keynes' excellent little book, The End of Laissez-Faire (1926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to applaud.

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.

I think we're miserable partly because we have only one god, and that's economics.

However, I have a low opinion of people with narrow political horizons. Someone who talks about the environment and knows nothing about economics can make as many mistakes as someone who does the opposite.

[On being first black woman to earn a PhD in economics and first black woman admitted to Pennsylvania bar:] I never looked for anybody to hold the door open for me. I knew well that the only way I could get that door open was to knock it down: because I knocked all of them down.

The nuclear approach I'm involved in is called a traveling-wave reactor, which uses waste uranium for fuel. There's a lot of things that have to go right for that dream to come true - many decades of building demo plants, proving the economics are right. But if it does, you could have cheaper energy with no CO2 emissions.

Initially, terrorism was a certain mixture of politics, economics, and religion. Now, it seems that terrorism is more individual and done to avenge personal grudges. So there are two kinds of terrorism.

Economics is (now) about emotion and psychology.

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

It's the economics, that's why opera is not dying but gets more and more difficult to put on.

The 20th Century approach to economics, resource depletion and over-consumption means we boom and bust until we bust more than we boom; that is precisely what is happening. In a low growth economy, the true meaning of resource efficiency in business and in everything we do is essential

Where there is politics or economics, there is no morality.

The use of force is easy to rationalize in terms of basic economics. 'We should make them PAY for what they've done!' It's just the law of demand: raise the price of crossing us, and fewer people will cross us. Make the price another Hiroshima, and perhaps the quantity demanded will fall to zero.

It's critical to have a sound foundation in free-market economics and the Constitution. A great many Republicans in Washington don't have that foundation.

We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.

I write for one and only one purpose, to overcome the invincible ignorance of the traduced heart. I wish to speak to and for those who have had enough of the Social Lie, the Economics of Mass Murder, the Sexual Hoax, and the Domestication of Conspicuous Consumption.

We got rich by violating one of the central tenets of economics: thou shall not sell off your capital and call it income. And yet over the past 40 years we have clear-cut the forests, fished rivers and oceans to the brink of extinction and siphoned oil from the earth as if it possessed an infinite supply. We've sold off our planet's natural capital and called it income. And now the earth, like the economy, is stripped.

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.

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

Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man's human existence.

For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights.

The dominant orthodoxy in development economics was that Third World countries were trapped in a vicious cycle of poverty that could be broken only by massive foreign aid from the more prosperous industrial nations of the world. This was in keeping with a more general vision on the Left that people were essentially divided into three categories - the heartless, the helpless, and wonderful people like themselves, who would rescue the helpless by playing Lady Bountiful with the taxpayers' money.

Economics teaches humility because it teaches us more about what we can't do than what we can do

Well, I feel that we're kind of fortunate that this book gives the whole world a lesson in economics and how to get out of the mess that we're all in. It's basic message is to try and stop spending as much and try to release some of your assets to pay off your debt.

In economics it is a far, far wiser thing to be right than to be consistent

There's a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When asked why, he says, 'because that's where the light is.' That's the problem with the deficit.

We've had trickle down economics in the country for ten years now, and most of us aren't even damp yet.

The obsession with gold, actually and politically, occurs among those who regard economics as a branch of morality. Gold is solid, gold is durable, gold is rare, gold is even (in certain very peculiar circumstances) convertible. To believe in thrift, solidity and soundness is to believe in some way in the properties of gold.

I would love to see a debate on economics between Trump and Obama. Mr. 'Scholar,' Mr. Faculty Lounge Extraordinaire versus Mr. Real World Builder. I would love to see that. Obama wouldn't even get out his first sentence by the time Trump had given ten answers.

Much of economics isn't difficult, or rather, the difficulty is in cooking up arguments to "prove" that commonsense conclusions are wrong. The fact is that many commonsense conclusions are quite correct, and it takes a lot of education to get you to believe different.

While I am not a scientist, and write primarily on economics, tax policy and budget issues, I have been fascinated over the years by Heartland's work on climate change.

Investing is the intersection of economics and psychology.

Litmus test: If you can't describe Ricardo's Law of Comparative Advantage and explain why people find it counterintuitive, you don't know enough about economics to direct any criticism or praise at "capitalism" because you don't know what other people are referring to when they use that word.

History has taught us that freedom cannot long survive unless it is based on moral foundations. You can get the economics right, but in addition liberty must be cultivated as a moral quality.

One of the first laws against air pollution came in 1300 when King Edward I decreed the death penalty for burning of coal. At least one execution for that offense is recorded. But economics triumphed over health considerations, and air pollution became an appalling problem in England.

I think I couldn't do what I do [live without money] without studying economics, because you need to understand the system first - how it currently works - in order to change it.

The reason we should do a carbon tax is because it's the right thing to do. It's economics 101, elementary stuff.

If you get a flow of credit increasing, as we've seen in the last few years - that flow of credit didn't go to more wealth accumulation as we normally use the term in economics, as capital goods. What you got is an increase in bubbles of one kind or another.

What we shouldn't be doing is trying to take away your rights to bargain for better wages or working conditions... These so-called "right to work" laws, they don't have to do with economics; they have everything to do with politics. What they're really talking about is giving you the right to work for less money.

The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

My mother was an economics professor. I'm proficient in math, and statistics, game theory, symbolic logic and all of that.

Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '