1,161 Quotes About Economics

How does a poor country defeat rich ones?” “Indeed, the answer is not by acquiring wealth in the sense that France has it.” “Meaning vineyards, farms, peasants, cows?” “But rather to play a sort of trick and redefine wealth to mean something novel.” “Currency!” “Indeed.

Jean-Baptiste Say may have coined the term 'entrepreneur' but he totally missed the opportunity to put it on a t-shirt and sell it.

And more than the quality of its institutions, what distinguishes a developed country from a developing one is the degree of consensus in its politics, and thus its ability to take actions to secure a better future despite short-term pain.

Poverty can be brought about by law; it cannot be forbidden by law.

Much of what is euphemistically known as the middle class, merely because it dresses up to go to work, is now reduced to proletarian conditions of existence. Many white-collar jobs require no more skill and pay even less than blue-collar jobs, conferring little status or security.

Government should never be able to do anything you can't do. If you can't steal from your neighbor, you can't send the government to steal for you.

When distance and convenience sets in; the small, the various and the personal wither away.

People used to make money, but somewhere along the way, it started making us.

When did a free country start to mean free enterprise? Who sold Democracy out for a golden calf we got to idolize?