1,161 Quotes About Economics

It is because every individual knows little and, in particular, because we rarely know which of us knows best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it.

Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things. Only economic action has created the wealth around us; labor, not the profession of arms, brings happiness. Peace builds, war destroys.

We're all operating on borrowed time and borrowed money. We need to make a choice.

Until one corporation is left standing, and the impoverished revolt.

Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.

Experience has taught us that material wants know no natural bounds, that they will expand without end unless we consciously restrain them. Capitalism rests precisely on this endless expansion of wants. That is why, for all its success, it remains so unloved. It has given us wealth beyond measure, but has taken away the chief benefit of wealth: the consciousness of having enough.

People above the line of bare subsistence in this age, and in all earlier ages, do not use the surplus which society has given them primarily for useful purposes. They do not seek to expand their lives, to live more wisely, intelligently, understandingly, but to impress other people with the fact that they have a surplus.

The rich control our politics to a huge extend. In return they get tax cuts and deregulation. It's been and is an amazing ride for the rich.

NAUGHTY AND NICE? said Death. BUT IT'S EASY TO BE NICE IF YOU'RE RICH. IS THIS FAIR?Albert wanted to argue. He wanted to say, Really? In that case, how come so many of the rich buggers is bastards? And being poor don't mean being naughty, neither.