1,161 Quotes About Economics

Remember, aid cannot achieve the end of poverty. Only homegrown development base on the dynamism of individuals and firms in free markets can do that.

Anyone who objects to any government whatsoever as a form of socialism ought not to pull that socialist lever in their home, the one that makes their waste disappear in a whirlpool into the socialized sewage treatment plant.

So much barbarism, however, still remains in the transactions of most civilized nations, that almost all independent countries choose to assert their nationality by having, to their inconvenience and that of their neighbors, a peculiar currency of their own.

The social phenomenon of economic growth is, thanks to the principle of the conservation of matter, nothing other than the physical phenomenon of increasing resource depletion.

The use of market values and technology as a social barometer has devalued the worth of individuals, rendered irrelevant the quality of their lives, and stunted their creativity.

It's almost hard to imagine anything more undemocratic than the view that political officials should not debate American wars in public, but only express concerns 'privately with the administration.' That's just a small sliver of Johnson's radicalism: replacing Feingold in the Senate with Ron Johnson would be a civil liberties travesty analogous to the economic travesty from, say, replacing Bernie Sanders with Lloyd Blankfein.

Money is a public good; as such, it lends itself to private exploitation.

Neoclassical economics is precisely the theory one would expect a vastly complex system of international corporations, world markets, and interconnected currencies to create to sustain, justify, explain, and predict "itself." And classical economics, correspondingly, was a predictable expression of an earlier European capitalism.

This is the basis for the most important critique of microfinance. The poor are not entrepreneurs. The idea that more than a few will turn tiny loans into a viable business is simply unrealistic.