#Economics
Quotes about economics
Economics, at its core, is the study of how individuals, businesses, and societies allocate their limited resources to satisfy their unlimited wants and needs. It is a field that delves into the intricate dance of supply and demand, the ebb and flow of markets, and the complex web of financial systems that underpin our daily lives. People are drawn to quotes about economics because they encapsulate profound insights into the forces that shape our world, offering wisdom that is both timeless and timely. These quotes often distill complex theories into digestible nuggets of truth, providing clarity in a field that can sometimes seem daunting. Whether it's understanding the impact of inflation, the principles of free markets, or the nuances of fiscal policy, economic quotes offer a lens through which we can better comprehend the world around us. They inspire reflection on the choices we make, the value we place on goods and services, and the broader implications of our economic decisions. In a rapidly changing global landscape, these quotes serve as a reminder of the enduring principles that govern economic interactions, sparking curiosity and encouraging deeper exploration into the forces that drive prosperity and progress.
'Murphys law of economic policy': Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree most vehemently.
Economists who speak the English tongue are strangely intimidated by mathematical symbols.
In economics, when you put together a highly elastic thing and a highly inelastic thing, you create extraordinary potential for turbulence, volatility, and for unstable prices.
What is surprising is not that oppression should make its appearance only after higher forms of economy have been reached, but that it should always accompany them.
If I can do something with economics or I can be a musician, I think I will be a musician.
We have overfed Europe with oil. Every economics textbook says that surplus supply lowers prices. But we can't reduce supply -- all our exports are oriented toward Europe.
The desire to achieve grand utopian plans often poses a grave threat to freedom
At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory.
Bankruptcy and repudiation are the springboards from which much of our civilization vaults and turns its somersets, but the savagestands on the unelastic plank of famine.
