Economic Quotes - Page 15

Nothing in these abstract economic models actually works in the real world. It doesn't matter how many footnotes they put in, or how many ways they tinker around the edges. The whole enterprise is totally rotten at the core: it has no relation to reality.

Economics is a subject that does not greatly respect one's wishes.

An economist is a surgeon with an excellent scalpel and a rough-edged lancet, who operates beautifully on the dead and tortures the living.

Our economic approach to food and its distribution reflects our basic moral values.

Is it really true that political self-interest is nobler somehow than economic self-interest?

Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions and will repeatedly produce similar results.

Science advances funeral by funeral

Not enough is a spiritual state, not an economic one.

That economics is untrue which ignores or disregards moral values.

I had an economic system imposed on me.

I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models.

The economic concept of value does not occur in antiquity .

Without economic development, any potential for political openness and freedom will be questionable.

The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.

Liberty is the solution of all social and economic questions.

In a polling conducted by the Wall Street Journal, 11 out of 12 Americans said they oppose the taking of private property, even if it is for public economic good.

In the U.S. alone, weather disasters caused $50 billion in economic damages in 2010.

When we reject unemployment as an economic instrument as we do and when we reject also superficial remedies, as socialists must, then we must ask ourselves unflinchingly what is the cause of high unemployment. Quite simply and unequivocally, it is caused by paying ourselves more than the value of what we produce. There are no scapegoats.

An emerging market is a country where politics matters at least as much as economics to the market.

It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.

We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.

It was never my intention to marry anybody. Economics are basically the only reason to get married, but I'm very glad I did it.

One nanny said, "Feed a cold"; she was a neo-Keynesian. Another nanny said, "Starve a cold"; she was a monetarist.

Economic independence is the foundation of the only sort of freedom worth a damn

Either this is logical and true, or else the principles on which economic science is based are invalid.