Economics Quotes - Page 6

Economics has never been a science - and it is even less now than a few years ago.

Good economics is good politics.

Economics is the continuation of energy/resources by other means.

Economics and politics are the governing powers of life today, and that's why everything is so screwy.

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

owning capital is not a productive activity.

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

Politics is a continuation of economics by other means

Emergent properties result from interactions between individual parts, so it follows that a top down analytical approach that begins with the whole and dissects it into its constituent parts is bound to miss precisely those emergent properties

There is always enough for the needy, there is never enough for the greedy.

Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.

When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.

A depression is a situation of self-fulfilling pessimism.

It is much more difficult to measure non-performance than performance. Performance stands out like a ton of diamonds. Non-performance can almost always be explained away

The one profession where you can gain great eminence without ever being right.

Politics don't exist, actually. It's just a cheap business. Economics is what makes politics.

So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.

The problem with the old ideology was that it suppressed the individual by starting with society. But it is from a sense of individual duty that we connect the greater good and the interests of the community

Balancing your budget is like protecting your virtue. You have to learn when to say no.

If it's free put me down for two please

Didn't you take economics? You could have had me for $49.95.

In human life, economics precedes politics or culture.

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.

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