Economics Quotes - Page 3

The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

Never complain of that of which it is at all times in your power to rid yourself.

Many individuals are doing what they can. But real success can only come if there is a change in our societies and in our economics and in our politics.

What is surprising is not that oppression should make its appearance only after higher forms of economy have been reached, but that it should always accompany them.

Microeconomics is about money you don't have, and macroeconomics is about money the government is out of.

Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those at the bottom.

Every short statement about economics is misleading (with the possible exception of my present one).

Wherever there is great property, there is great inequality.

Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?

There can be no autonomous agent with unitary interests called 'society' that exerts causal influence. This is a logical impossibility

One of the peculiarities of economics is that it still rests on a behavioral assumption-rational utility maximization-that has long since been rejected by sociologists and psychologists.

Economics is the study of how society manages its scarce resources.

Where combination is possible, competition is impossible.

A 'mixed economy' is a society in the process of committing suicide.

Inflation is like toothpaste. Once it's out, you can hardly get it back in again.

If something cannot go on for ever, it will stop

Well, gentlemen, life's just one damn thing after another.

I have never read it. You should not waste your time.

I believe the power to make money is a gift of God.

The very nature of economics is rooted in nationalism. ... It [was] developed ... in the hope of throwing light upon questions of policy. But policy means nothing unless there is an authority to carry it out, and authorities are national.

To be controlled in our economic pursuits means to be controlled in everything.

Inflation takes from the ignorant and gives to the well informed.

Economics is concerned with what emerges, not what anyone intended.

Inflation is the senility of democracies.

Economics is too important to leave to the economists.