Economic Quotes - Page 10

There can be economy only where there is efficiency.

Power that controls the economy should be in the hands of elected representatives of the people, not in the hands of an industrial oligarchy.

We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive redistribution.

Unequal Democracy is the sort of book to which every political scientist should aspire--it is methodologically rigorous, conceptually serious, and above all, it addresses urgent concerns of our fellow citizens. As Bartels shows, much of what we think we know about the politics of economic inequality is dead wrong. Bartels's perplexing and often unexpected discoveries should help refocus the gathering public debate about inequality and what to do about it.

In economic theory the conclusions are sometimes less interesting than the route by which they are reached.

Economics is not a morality play.

Big businesses aren't the only ones in the economic ecosystem. Nobody should fall behind because of an unfair structure.

The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system.

The power of the State must be invoked for restoring economic freedom just as it has been invoked for destroying economic freedom.

I am not interested in an economic liberation of man without the liberation of the whole man.

To understand the Left, one must understand that in its view the greatest evil is material inequality. The Left is more troubled by economic inequality than by evil as humanity has generally understood the term.

How could economics not be behavioral? If it isn't behavioral, what the hell is it?

We want a better America, an America that will give its citizens, first of all, a higher and higher standard of living so that no child will cry for food in the midst of plenty.

A just wage for the worker is the ultimate test of whether any economic system is functioning justly.

[U]nemployment is ... a side effect of the cure for inflation.

Strong, responsible unions are essential to industrial fair play. Without them the labor bargain is wholly one-sided.

In proportion as capital accumulates, the lot of the laborer, be his payment high or low, must grow worse.

We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.

observation of realities has never, to put it mildly, been one of the strengths of economic development theory.

For the immediate future, at least, the outlook (stocks) is bright.

Contrary to economists' beliefs, the informal sectors of the world's economies, in total, are predominant, and the institutionalized, monetized sectors grow out of them and rest upon them, rather than the reverse.

This is not a dispute about whether planning is to be done or not. It is a dispute as to whether planning is to be done centrally, by one authority for the whole economic system, or is to be divided among many individuals.

The plans differ; the planners are all alike.

Economic controversy is generally a thankless task. You cannot hope to make any impression on your opponent. Yet he is the only reader on whose interest you can count.

Economic activity is carried out by individuals in organisations that require a high degree of social co-operation