1,161 Quotes About Economics

To sell something familiar, make it surprising. To sell something surprising, make it familiar.

The poor man is called a socialist if he believes that the wealth of the rich should be divided among the poor, but the rich man is called a financier if he devises a plan by which the pittance of the poor can be converted to his use.

In economics, it is often professionally better to be associated with highly respectable error than uncertainly established truth.

We need not be surprised at this. On a wrong road, inconsistency is inevitable; if it were not so, mankind would be sacrificed. A false principle never has been, and never will be, carried out to the end.

But things have been so admirably arranged by the Divine inventor of social order that in this, as in everything else, political economy and morality, far from clashing, agree; and the wisdom of Aristus is not only more dignified, but still more profitable, than the folly of Mondor. And when I say profitable, I do not mean only profitable to Aristus, or even to society in general, but more profitable to the workmen themselves—to the trade of the time.

It is an economic fact that predicting the future is most valuable when everybody things you are wrong.

This long-tail distribution of returns is why it's important to be bold. Big winners pay for so many experiments.

It is an economic fact that predicting the future is most valuable when everybody thinks you are wrong

اذكر لي علامة تجارية عربية تنافس عالمياً، فالغالب منهم لتصدير الخام، والذي يأخذ الجانب التصنيعي لا يرقى لمستويات الجودة، أو تجده مقلداً أعمى وأصم لمنتجات الغرب لا مبتكراً ومبدعاً. لا يستمد من بيئته وثقافته حاضره ومستقبله، فلا تجد صناعات ثقيلة كالسيارات، والأجهزة الطبية، وتكنولوجيا الحاسبات، أنت تفتقد ما نسميه الـ " know how " وأضحيت ساذجاً متمسكاً بطفولتك.