1,161 Quotes About Economics

Economic crises breed war.

Anything which is physically possible can be made financially possible, if the people of a state desire it.

Our society gives its economy priority over health, love, truth, beauty, sex and salvation; over life itself. Whatsoever is given precedence over life will take precedence over life, and will end in eliminating life. Since economics, at its most abstract level, is the religion of our people, no noneconomic happening, not even one as potentially spectacular as the Second Coming, can radically alter the souls of our people.

The science of public happiness was how Keynes saw his work as an economist.

A fool believes that the society of the future will transcend the laws of economics. A person of reason hopes that it will finally learn to respect them.

A person's right to a job is as specious as his boss' right to success in business. There is no right to a minimum wage, just as there is no right to success in self-employment.

In boom times companies have high profits. They increase production to satisfy demand for goods. This leads to excess supply. Companies cut prices to compete for customers. leading to lower profits, lay-offs, and economic depression. Eventually lower prices lead to an increase in demand and profits go back up. The economy is a yo-yo.

Our attitude to these criticisms must be determined by our whole moral and emotional reaction to the future of international relations and the Peace of the World.

I think the very best attitude for anyone investing in the stock market is to make up his mind to lose money.”— The Duchess Gloriana XII