1,161 Quotes About Economics

Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures?

You eat the wealthy, sir, and it will be your last meal.

As Thorstein Veblen correctly surmised over a century ago, the failure of economics to become an evolutionary science is the product of the optimizing framework of the underlying paradigm, which is inherently antithetical to the process of evolutionary change. This is the primary reason why the neoclassical mantra that the economy must be perceived as the outcome of the decisions of utility-maximizing individuals must be squarely rejected.

No credit--no debt. Credit leads a man into temptation. Cash down is the only thing that will deliver him from evil.

Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.

An environment of infinite economic expansion is unsustainable in a world of finite resources.

In arguing against free enterprise capitalism, the collectivist always adopts the false assumption of a fixed number of jobs in that system. Conversely, in arguing for collectivism, he always assumes that there will be as many jobs as there are workers. The government will make the jobs.

One of the most damaging myths of our time is that poor countries live in poverty because of a conspiracy of the rich countries, who arrange things so as to keep them underdeveloped, in order to exploit them.

The problem with capitalism is that "we have a global theology without morality, without a Bible." And that's dangerous, he warns - "we're not going to be able to exist in a global context if we are the bastards of our business.