Economics Quotes - Page 9

Mathematics brought rigor to Economics. Unfortunately, it also brought mortis.

What we are beginning to witness is a whole new set of rules for economics, based on rationing resources.

The issue of economics is not something I've understood as well as I should. I've got Greenspan's book.

Men will not always die quietly.

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.

Economics is a very dangerous science.

Any system of economics is bankrupt if it sees either value or virtue in unemployment.

Economics is a social science, not a physical science.

Innovations until now conceived by no one at all

I'm not a communist, of course. But I do think that everything is down to economics. Capitalism doesn't change.

Economics is a form of brain damage.

In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.

Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.

There exists no third principle for the organisation of the economics process which can be rationally chosen to achieve any desirable ends, in addition to either a functioning market in which nobody can conclusively determine how well-off particular groups or individuals will be, or a central direction where a group organised for power determines it.

For every mountain there is another one. The big question is if you reach the top of the mountain, what then? What do you do then? I suppose you die.

We cannot hope to achieve full employment and sustain it until we have mastered inflation.

The Greens will continue to champion a fairer society rather than simply the economy and to champion the parliament rather than simply the stock exchange .

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

The federal budget deficit is the biggest single impediment to revitalizing the American economy.

'Murphys law of economic policy': Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree most vehemently.

Man is a perpetually wanting animal.

Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.

I think anytime that you go to the extreme of any mode of economics, be it capitalism or communism, you have these feedback mechanisms that make the system turn in on itself.

Above all, innovation is not invention. It is a term of economics rather than of technology.

There has always been, and there always will be, an economic cycle.