1,161 Quotes About Economics

Information transforms and command the keys to uncommon destiny in life.ight information, whether social spiritual or physical remains the hub of every outstanding accomplishment on earth today.

The reader who thinks that rationality does not require a definition should ponder the following: I'll give you a million dollars to do something irrational.

Democracy is a pathetic belief in the collective wisdom of individual ignorance.

Socialism is not really an option in the material world. There can be no collective ownership of anything materially scarce. One or another faction will assert control in the name of society. Inevitably, the faction will be the most powerful in society -- that is, the state. This is why all attempts to create socialism in scarce goods or services devolve into totalitarian systems of top-down planning.

Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.

Misconceptions of business are almost inevitable in a society where most people have neither studied nor run businesses. In a society where most people are employees and consumers, it is easy to think of businesses as “them” – as impersonal organizations, whose internal operations are largely unknown and whose sums of money may sometimes be so huge as to be unfathomable.

Corporations barely pay taxes. The corporate tax rate is already very low, but corporations have worked out an array of complicated techniques so they often don't have to pay taxes at all... The scale of sheer robbery by corporate power is enormous.

Theory of public goods. Theory that if I take you euro (as an elected state government) and give fifty cents back... you will be happier and I will be satisfied.

The Socialist system requires that each individual act out of selfless, altruistic motives. It sounds nice, but the only way that could happen is if Man were innately centered on others.