Economics Quotes

If socialists understood economics, they wouldn't be socialist.

Don't let anybody tell you it's corporations and businesses that create jobs.

If one person has a right to something he did not earn, of necessity it requires that another person not have a right to something that he did earn.

A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.

Never treat your audience as customers, always as partners.

There's no such thing as a free lunch.

There was never anything so well devised by men which in continuance of time hath not been corrupted

Big-government economics breeds crony capitalism. It's corrupt, anything but neutral, and a barrier to broad participation in prosperity.

Leadership produces change. That is its primary function

Economics is extremely useful as a form of employment for economists.

The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process

All public resources go to the rich. The poor, if they can survive in the labor market, fine. Otherwise, they die. That's economics in a nutshell.

The budget should be balanced not by more taxes, but by reduction of follies.

Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

Society doesn't have values. People have values.

...it is distressing how often one can guess the answer given to an economic question merely by knowing who asks it.

Obviousness is always the enemy of correctness.

In a capitalist society, all human relationships are voluntary. Men are free to cooperate or not, to deal with one another or not, as their own individual judgments, convictions and interests dictate.

Be thrifty, but not covetous.

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

Economic freedom has no security without political freedom, and political freedom can find its security only in economic freedom.

Marxian exploitation is the exploitation of people's lack of understanding of economics.

Someone bemoaned that there were so few women in economics. But there are also very few men in economics.

I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour

The only thing worse than being exploited by capitalism is not being exploited by capitalism.