1,161 Quotes About Economics

Nothing is easier to achieve than full employment, once it is divorced from the goal of full production and taken as an end in itself

Economics. "Something humans invented and then lost control of, it isn't real, it's not like gravity and we could evolve the economic process to make sense, but can't because we would all lose money if we did. Hysterical scientific exerts aside, it doesn't exist outside of our collective heads. So at best its a pseudo science of religious proportions, at worst, it will turn us into a globally warmed suicide cult en mass. ;-)

What's good about growth? Why is it intrinsically good?

Economics has made good on its promise to deliver prosperity and democratic freedom to much of the world, but in doing away with the age-old problems of humanity, it has opened up a crisis of an entirely new variety.

Over time, this growing tendency of like marrying like will only reinforce clustering and geographic sorting along class lines, giving the emerging map of social, economic, and cultural segregation even greater permanence.

Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We still have to thank Adam Smith for insisting 'Consumption is the sole end and purpose of production;' but the old form of the law of demand and supply is outmoded, since supply has become practically inexhaustible.

Rand had changed a number of laws in Tear, especially those that weighed heavily on the poor, but he had been unable to change everything. He had not even known how to begin. Lews Therin began to maunder on about taxes and money creating jobs, but he might as well have been spilling out words at random for all the sense he made.

Poverty in western Mexico is an Unconditional Sentence.

If we try to run the economy for the benefit of a single group or class, we shall injure or destroy all groups, including the members of the very class for whose benefit we have been trying to run it. We must run the economy for everybody