1,161 Quotes About Economics

...poor countries are poor because those who have power make choices that create poverty. They get it wrong not by mistake or ignorance but on purpose. To understand this, you have to go beyond economics and expert advice on the best thing to do and, instead, study how decisions actually get made, who gets to make them, and why those people decide to do what they do.

Three things are neededFor humanity to co-exist:Truth, peace and basic needs.Everything else -Is irrelevant.

The world I grew up in was a brutal one. The murder rate was once seven people for every hundred thousand. The average American on minimum wage could barely afford to keep themselves alive on canned food. Millions died over private oil fortunes. Wealthy men and women ran the world for profit. Fools and charlatans got into our Parliaments and set the world on fire. We had everything on paper - checks, balances, freedom, democracy - and yet to live was to be a slave.

Broadly speaking, there are only two ways human beings can make an income: ...by contributing to society or they can extract an income from society

Due to its inherently limited supply for each location, land obtains its value from the natural, social, and cultural wealth that exists in its surrounding environment.

Suppose someone were to describe a small country that provided free education through university for all of its citizens, transportation for schoolchildren, and free health care - including heart surgery - for all. You might suspect that a country is either phenomenally rich or on the fast track to fiscal crisis.

When you work hard in a job that suits your living standards, never greed for fortune because you will distract yourself from fulfilling other important priorities and participating in leisure activities in your current life. You will eventually gain the fortune if you set up a wise investment goal by having pride and confidence on your savings.

There are no 'rights' of special groups, there are no 'rights of farmers, of workers, of businessmen, of employees, of employers, of the young, of the old, of the unborn.' There are only the Rights of Man -- rights possessed by every individual man and by all men as individuals.

All governments stress an employment-intensive force of production, but are unwilling to recognize that jobs can also destroy the use-value of free time. They all stress a more objective and complete professional definition of people's needs, but are insensitive to the consequent expropriation of life.