77 Quotes About Economics-philosophy

Demand and supply is the most important concept to understand. It has kept the whole earth 'steady as well as in motion.

These poor people have learned to endure day to day economic agony. It’s routine in daily life for them. They are so accustomed to facing economic pain that poverty doesn’t hurt them anymore. Extreme negativity in their life drove learning endurance and their accomplishment to endure extreme conditions is ‘positivity’ they mastered

Capitalism, Marx said, never went beyond those economic models where a few dominate a majority. Capitalism just replaced the dichotomies of master/slave and lord/serf with a new one. A dominating and exploiting minority was still there, but it had a new name: employers.

To achieve a society that exhibits liberty, equality, fraternity and democracy, the object to change first and foremost is production.

Capitalism is the only system whereby the only way to self-serve is to serve others first.

Salary is not what you earn,Salary is what you save.

For every dollar spent on luxuries, someone somewhere goes hungry.

Politics is simply the interaction between two or more people. However, it's crucial for every politician to understand the interaction between people and nature. That is to say, economics is the backbone of politics.

It is not sufficient that the state of affairs which we seek to promote should be better than the state of affairs which preceded it; it must be sufficiently better to make up for the evils of transition