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Economic Quotes - Page 13

The ideal situation for any state is to experience sharp economic growth while its rivals' economies grow slowly or hardly at all.

The ideal situation for any state is to experience sharp economic growth while its rivals' economies grow slowly or hardly at all.

John J. Mearsheimer (2003). “The Tragedy of Great Power Politics (Updated Edition)”, p.161, W. W. Norton & Company

Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

"Infinite Riches: Gems from a Lifetime of Reading" by Leo Calvin Rosten, (p. 165), 1979.

owning capital is not a productive activity.

Joan Robinson (1967). “Essay on Marxian Economics”, p.18, Springer

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

Friedrich August von Hayek's Speech at the Nobel Banquet, www.nobelprize.org. December 10, 1974.

Inclusive economic institutions require secure property rights and economic opportunities not just for the elite but for a broad cross-section of society.

Daron Acemoglu, James A. Robinson (2012). “Why Nations Fail: The Origins of Power, Prosperity and Poverty”, p.75, Profile Books

What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.

1776 An Inquiry into the Nature and Causes of the Wealth of Nations, bk.4, ch.2.