1,161 Quotes About Economics

The biggest cost item is splitting hairs.

Desire beyond necessity is the cause of all disparities.

Today none of the old assertions are accepted any longer just because they were written long ago. Instead, people demand proof in practice of what is asserted; they want a scientific analysis of all assertions. Out of this dissatisfaction, revolutionary ideas are born and spread more and more throughout the world, backed by the living examples of how technology can be put at the service of man, as has happened in the socialist countries.

Maybe it's a radical idea, but I believe a job should lift workers out of poverty -- not keep them in it.

Fortunately if you have read this book, you will have discovered that economics is concerned not with rigor over relevance, but with rigorous relevance, which is an altogether different matter.

Such a colossal irony: after socialists and Communists in the 1930s and then the New Left in the 1960s had tried and failed to achieve a radical class-based reordering of the American political economy, the economic far right took its shot at doing that in the 1970s and succeeded beyond anyone's wildest hope or fear.

Progress is not a question of revenue, it is a question of collectivism.

A gold standard can work fine, so long as governments set gold's price on an analytic rather than political basis.

In a civilized society, the government's foremost duty is to ensure equal distribution of essentials of life, and the citizens' foremost duty is to share the resources available to them with those without.