1,161 Quotes About Economics

Debts are subject to the laws of mathematics rather than physics. Unlike wealth, which is subject to the laws of thermodynamics, debts do not rot with old age and are not consumed in the process of living. On the contrary, they grow at so much per cent per annum, by the well-known mathematical laws of simple and compound interest ... It is this underlying confusion between wealth and debt which has made such a tragedy of the scientific era.

1. Stop blaming China We taught them how to do what they are doing2. Take responsibility – purchase consciously, purchase less, don’t go for lowest possible price3. Follow good business ethics, it’s a two way street4. Create global partnerships in a global village, create a true Win-Win situation with your supplier, consider the supplier a partner (what a concept!)5. End the Price Pressure: Boycott Walmart & Club-buying stores, not China. Stop buying what you don’t need!

Their job as leader was not to solve the problem – the president really has little control over the economy – but to convince the public not only that he has a plan but that he is altogether confident in the plan's success and that only a cynic or someone in different to the public's well-being would dare to question him on the details.

The only inexplicable aspect of the process was that economic theory (which is, after all, what economics students were supposed to know) served almost no function in an investment bank. The bankers used economics as a sort of standardized test of general intelligence.

The markets in the long run are no doubt driven by fundamental economic laws—if the United States runs a persistent trade deficit, the dollar will eventually plummet—but in the short run money flows less rationally. Fear and, to a lesser extent, greed are what make money move.

Labor is sacrificed on the inflation rates altar of oblation.

Here’s the solution. We need a CO2 tax, revenue-neutral, to replace taxation on employment, which was invented by Bismarck — and some things have changed since the 19th Century.

In this century, we are about to enter interplanetary civilization.In order to survive, we need to go beyond neoclassical economics definition.We define it as interplanomics.

The U.S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the have-nots had no idea that nanoseconds had value. The haves enjoyed a perfect view of the market; the have-nots never saw the market at all.