1,161 Quotes About Economics

In socialist society the antagonism of interests is removed. Each develops his abilities in his own interest and thereby benefits the community. Today the personal gratification of egoism and the commonweal are for the most part antagonistic, the one excludes the other; in the new society these antagonisms are removed, the gratification, of personal egoism and the promotion of the commonweal harmoniously go hand in hand card coincide.

Capital does not participate where no profit can be made. Humanity is not quoted on the stock exchange.

True virtue consists in the care for the common weal, it can only flourish where the commonwealth at the same time advances the interests of the individual, where he cannot damage the commonwealth without damaging himself.

Setting a goal is like to set your destination point in your life GPS which could take you to your desire position as you dreamed about...

Economics (...) is not a matter of discovering laws: it is essentially a question of design.

Economics is only considered the dismal science because economists are so often called on to clean up after innumerate politicians.

I believe, the future church will be high-touch, experience focused, and Spirit-evident small congregations that grow from conversions, not church transfers. Its clergy will be co-vocational and willing to equip believers for their lives on Monday. It will be embedded in the marketplace, dual-using their facilities for their own sustainability and the flourishing of the local economy.

The same rule of self-destructive financial calculation governs every walk of life. We destroy the beauty of the countryside because the un-appropriated splendors of nature have no economic value. We are capable of shutting off the sun and the stars because they do not pay a dividend.

Whenever I hear an economist use the word “efficiency” (or “productivity”), I can guess with near 100% accuracy that he (it usually is a he, as I’ll explain below) hasn’t the slightest idea what he’s talking about. With rare exceptions, he is inappropriately applying an engineering term to an economic process he does not understand.