1,161 Quotes About Economics

[Conventional wisdom] very heavily tends to reflect the preferences and the interests of the elite.

A good way to do econometrics is to look for good natural experiments and use statistical methods that can tidy up the confounding factors that Nature has not controlled for us.

We can't, it seems, live without [capitalism] even as we complain about it.

Fierce, and what capitalists sometimes call 'ruinous' competition tends, therefore, to produce leap-frogging innovations that more often that not lead capitalists to fetishise technological and organisational innovations as the answer to all their prayers

Das Leben einen klugen Investors ist wie das Leben eines Krokodils. Es besteht zum größten Teil aus Warten. Warten auf die nächste Mahlzeit.----Life of an intelligent investor is like the life of a crocodile. It mostly consists of waiting. Waiting for the next meal

We all agree that pessimism is a mark of superior intellect.

Arguing that the only problem with a free market is lack of competition, is like arguing that that the only problem with prostitution is that there aren't enough pimps.

There are only two problems in my life. The political ones are insoluble and the economic ones are incomprehensible.

For whom, I asked myself innocently, were the riches and dominions that the English conquered and held on to at any price in the most remote corners of the planet? The neighborhoods which succeeded one another interminably down the narrow cobbled streets were not inhabited by the beneficiaries of those enterprises.