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"After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to decide if I wanted to continue in economics."
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"A nation with a strong defence industry will not only be more secure. It will also reap rich economic benefits - it can boost investment, expand manufacturing, support enterprise, raise the technology level and increase economic growth in the country."
"Civilization transformed man from a food gatherer to a gatherer of pieces of paper: diplomas, employment contracts, money, etc."
"Employment is the biggest form of slavery."
"Our "Make in India" initiative is not intended for only manufacturing for the domestic market or import substitution. It is as much about making world-class products and services for the whole globe."
"India's economic success is the hard-won result of prudence, sound policy and effective management."
"As the U.S. businesses search for new areas of economic growth, markets for their goods, a pool of skilled resources, and global locations to produce and manufacture, India could be their ideal partner. India's strong economy, and growth rate of 7.6% per annum, is creating new opportunities for our mutual prosperity."
"CAPITALISM: If everything worked without need of repair, upgrade or replacement, then peaceful minds and prosperity would prevail among the masses rather than just the few who control markets."
"Capitalism without Bankruptcy is like Catholicism without Hell."
"My claim is that we do not have a market economy, but a capitalist economy."
Explore more quotes by Vernon L. Smith
"Yes, long hours and a hard life for my parents, but for a six to seven year old every new day dawned with fresh excitement when you have not a care in the world, and so much to learn and witness."
"In 1941 I finished at Allison Intermediate School (grades 7-9), and started at North High School, commuting by bicycle about 5 miles from home to school."
"I can still memory - taste the fresh buttermilk pancakes and hot buttermilk biscuits - both made with lard! - that were cooked on the top, or in the oven, of that ancient iron stove."
"I gradually became persuaded that the subjects, without intending to, had revealed to me a basic truth about markets that was foreign to the literature of economics."
"In the 9th grade I began my first wage work for the West Side Drug store delivering prescriptions and sundries on my bicycle to customers who called in orders."
"After my stellar first grade academic achievements, I continued to perform well in the city primary schools - except for penmanship, which was not my forte."
"After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to decide if I wanted to continue in economics."
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