1,161 Quotes About Economics

OURSOCIETY ISCONTROLLED BY LAWYERSAND FINANCIERS"PROBLEMMAKERS WE NEED TO EVOMETO A SOCIETY LEAD BYCREATORS, ENGINEERS, SCIENTISTS PROBLEMSOLVERS. SURELY WE WILLHAVE MORE INGENUITYCOOPERATION ANDPEACE

Because we bump into reinforcing loops so often, it is handy to know this shortcut: The time it takes for an exponentially growing stock to double in size, the “doubling time,” equals approximately 70 divided by the growth rate (expressed as a percentage).Example: If you put $100 in the bank at 7% interest per year, you will double your money in 10 years (70 ÷ 7 = 10). If you get only 5% interest, your money will take 14 years to double.

The best state for human nature is that in which, while no one is poor, no one desires to be richer, nor has any reason to fear being thrust back, by the efforts of others to push themselves forward.

I sometimes refer to economics as a woman. To me the subject was always a she. People would ask me why. Easy. She's obviously a woman: all the men are trying to do her, and mostly they're failing.

It is illogical to say, as many etatists do, that liberalism is hostile to or hates the state, because it is opposed to the transfer of the ownership of railroads or cotton mills to the state. If a man says that sulphuric acid does not make a good hand lotion, he is not expressing hostility to sulphuric acid as such; he is simply giving his opinion concerning the limitations of its use.

By and large, the poor do not want some small life. They don't want to game the system or eke out an existence; they want to thrive and contribute.

No one thought the poor more undeserving than the poor themselves.

That’s because they don’t know,’ said Tyburn. ‘It’s like economics. Everybody’s got a theory, and some people make it their religion.

What nature hath joined together, multiple regression analysis cannot put asunder.