Quotes About Economics

I am opposed to all forms of control; I am for an absolute laissez faire, free, unregulated economy. I am for the separation of the state and economics, just as we had separation of state and church, which led to peaceful coexistence among different religions...so the same applies to economics. If you separate the government from economics, if you do not regulate production and trade, you will have peaceful cooperation, and harmony and justice among men.

People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.

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.

It is almost as hard to define mathematics as it is to define economics, and one is tempted to fall back on the famous old definition attributed to Jacob Viner, "Economics is what economists do," and say that mathematics is what mathematicians do. A large part of mathematics deals with the formal relations of quantities or numbers.

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.

There is no other proposition in economics that has more solid empirical evidence supporting it than the Efficient Market Hypothesis... In the literature of finance, accounting, and the economics of uncertainty, the EMH is accepted as a fact of life.

Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an "objective" science.

Thus we seem to be on the verge of an expansion of welfare economics into something like a social science of ethics and politics: what was intended to be a mere porch to ethics is either the whole house or nothing at all. In so laying down its life welfare economics may be able to contribute some of its insights and analytical methods to a much broader evaluative analysis of the whole social process.

Conventional economics is a form of brain damage. Economics is so fundamentally disconnected from the real world, it is destructive.

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.

Advertising is, actually, a simple phenomenon in terms of economics. It is merely a substitute for a personal sales force - an extension, if you will, of the merchant who cries aloud his wares.

A study of economics usually reveals that the best time to buy anything is last year.

Neoclassical economics ... has uncovered important truths about the nature of money and markets because its fundamental model of rational self-interested human behavior is correct about 80% of the time.

Gardening is a luxury occupation: an ornament, not a necessity, of life.... Fortunate gardener, who may preoccupy himself solely with beauty in these difficult and ugly days! He is one of the few people left in this distressful world to carry on the tradition of elegance and charm. A useless member of society, considered in terms of economics, he must not be denied his rightful place. He deserves to share it, however humbly, with the painter and poet.

Science is not enough, religion is not enough, art is not enough, politics and economics are not enough, nor is love, nor is duty, nor is action however disinterested, nor, however sublime, is contemplation. Nothing short of everything, will really do.

Economics are the method; the object is to change the soul.

[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.

A lot of my colleagues have been people with broad interests in economics, not just narrowly focused interests.

The attempt to isolate economics from other disciplines-notably politics, history, philosophy, finance, constitutional theory and sociology-has fatally disabled its power to explain what is happening in the world.

The Nobel Prize confers on an individual an authority which in economics no man ought to possess.

The relation of eugenics to British psychiatry bears examination. The primary controlling body for psychiatry in England is the British National Association for Mental Health (NAMH), formed in 1944, and initially run by the mentally unstable Montagu Norman, previously of the Bank of England. The group originally met at Norman's London home, where he and Nazi Economics Minister Hjalmar Schacht had met in the 1930s to arrange financing for Hitler.

Over the long term, absent of other barriers, economics always win.

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.

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.

I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.

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 have always known that heedless self interest was bad morals, we now know that it is bad economics.

There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.

Now there are heavy houses everywhere and more of them are being built. In fact, it is only when more houses are being constructed that some countries consider their economics healthy. Yet each house is a heavy footprint on the Earth. Just as all our possessions represent-if we cannot learn ways of sharing them-a weight and clutter that often means the faces of future generations will look up into darkness and the pressure on the Earth of "things."

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.

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?

In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.

Economics, as it has emerged, can be made more productive by paying greater and more explicit attention to the ethical considerations that shape human behaviour and judgment.

[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.

I'm constantly being courted by labels and their backing. Obviously the market is there when you talk about the economics and the numbers, but it's hard to give up the freedom of being able to do whatever you want.

It's not only possible, but likely that the Nobel Prize in economics will go in alternate years to people who disagree on nearly everything fundamental.

The American people are growing extremely unhappy with establishment politics, with establishment economics, and you know what else? Even with establishment media.

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

The better the script, the less money there is. That's just the economics of the studio system.

Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.

There's something really special for a young person to sit in an audience and discover somebody, and it's rare to do because so much of a movie's economics are based on pre-existing actors or actresses.

There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .

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

I think anytime that you go to the extreme of any mode of economics, be it capitalism or communism, you have these feedback mechanisms that make the system turn in on itself.

A large part of crime is economics - if people are working and and have a home and family to support, then I believe you can reduce the crime rate.

People think that this concept of GDP is scientific economics, partly because it has a precise number and can be quantified. But the underlying concept of "the market" makes it appear as if today's poverty is natural. It makes it appear that Goldman Sachs and Donald Trump are job creators instead of job destroyers. That is illogical, when you think about it.

I think just focusing on the wealth of these cabinet picks misunderstands [Donald] Trump's economic strategy here, which is going to be equal parts traditional Republican economics.