1,161 Quotes About Economics

No one cultivates in a stony-ground, instead he cultivates in a soft-rich ground. Do not expect people to invest in you if you're a lazy type.

Risk is one of the qualities of any good decision. This is so because, decision itself is a risk. Therefore, making a decision literally means, taking a risk... In tracing the histories of successful men and women, the first thing to notice in their lives is risk.

If you can survive and won the battle over other millions of semen deposited alongside with you in your mothers womb, tell me why you cannot win the battle over challenges, difficulties and poverty? Friend, I know you will succeed because; you'd once done it in the womb.

In a system of full capitalism, there should be (but, historically, has not yet been) a complete separation of state and economics, in the same way and for the same reasons as the separation of state and church.

The values of commodities are directly as the times of labour employed in their production, and are inversely as the productive powers of the labour employed.

By buying the power of the workman, the capitalist has, therefore, acquired the right to use of make that labouring power during the whole day or week.

I sympathize, therefore, with those who would minimize, rather than with those who would maximize, economic entanglement among nations. Ideas, knowledge, science, hospitality, travel--these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible, and, above all, let finance be primarily national.

We both approach the world as economists, and as economists resigned to - and sometimes even reveling in - the character defect that diverts us from pure science to policy analysis. An economist who has abandoned his resistance to policy analysis is liable to fall prey to even more seductive and dangerous vice of policy formulation.

The fallacy the economic determinists have tied around our collective neck, and which we now need to cast off, is the belief that economics determines all land-use. This is simply not true. An innumerable host of actions and attitudes, comprising perhaps the bulk of all land relations, is determined by the land-users’ tastes and predilections, rather than by his purse.