Quotes by Economist | Beyond Motive 10/40

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Quotes by Economist

"A person buying ordinary products in a supermarket is in touch with his deepest emotions."

"A person buying ordinary products in a supermarket is in touch with his deepest emotions."

John Kenneth Galbraith, American Economist

Customer, Buying, Emotions

16

"I think the IMF helped to detonate the Indonesian crisis."

"I think the IMF helped to detonate the Indonesian crisis."

Jeffrey Sachs, American Economist

16

"The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history."

"The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history."

Larry Summers, American Economist

History, Revolution

16

"The classics are only primitive literature. They belong to the same class as primitive machinery and primitive music and primitive medicine."

"The classics are only primitive literature. They belong to the same class as primitive machinery and primitive music and primitive medicine."

Stephen Leacock, Canadian Economist

Writing, Music, Class, Literature, Medicine

16

"The greatest profit, is to make your own gain."

"The greatest profit, is to make your own gain."

Auliq Ice, Ugandan Economist

Profit, Gain, Life, Work

16

"What happened after publication of our paper was that, for the next 40 years, people said, all right, we now know the answer to the capital structure question under ideal conditions."

"What happened after publication of our paper was that, for the next 40 years, people said, all right, we now know the answer to the capital structure question under ideal conditions."

Merton Miller, American Economist

People, Now, Question, Right

16

"What counts is what you do with your money, not where it came from."

"What counts is what you do with your money, not where it came from."

Merton Miller, American Economist

16

"Let the haters' hate push you to go further instead of tear you down, your accomplishments will be your best revenge."

"Let the haters' hate push you to go further instead of tear you down, your accomplishments will be your best revenge."

Auliq Ice, Ugandan Economist

Revenge, Strength, Success, Life

16

"The conspicuously wealthy turn up urging the character building values of the privation of the poor."

"The conspicuously wealthy turn up urging the character building values of the privation of the poor."

John Kenneth Galbraith, American Economist

Character, Values, Building, Poor

16

"The most racket time of the year for those that don't know, is the warmest of the four seasons and the winter as it is so cold and felt in your heart."

"The most racket time of the year for those that don't know, is the warmest of the four seasons and the winter as it is so cold and felt in your heart."

Auliq Ice, Ugandan Economist

Seasons, Time, Winter, Cold, Life

16

"In every argument there is a discovery of truth and a bed of success."

"In every argument there is a discovery of truth and a bed of success."

Auliq Ice, Ugandan Economist

Dialogue, Argument, Truth, Success, Discovery

16

"That which is unjust can really profit no one; that which is just can really harm no one."

"That which is unjust can really profit no one; that which is just can really harm no one."

Henry George, American Economist

16

"Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time."

"Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time."

Alfred Marshall, English Economist

Time, Nature, Slavery

16

"That the social life of human beings is subject to definite limitations; that it is governed by a set of laws that are comparable with those of Nature; these are notions that are unknown to the etatist. For the etatist, everything is a question of Macht - power, force, might. And his conception of Macht is crudely materialistic."

"That the social life of human beings is subject to definite limitations; that it is governed by a set of laws that are comparable with those of Nature; these are notions that are unknown to the etatist. For the etatist, everything is a question of Macht - power, force, might. And his conception of Macht is crudely materialistic."

Ludwig von Mises, Austrian Economist

Politics, Power, Force, Humanity

16

"Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed."

"Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed."

Paul A. Volcker, American Economist

Economy, Inflation

16

"The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a difference in kind as well as degree."

"The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a difference in kind as well as degree."

Paul A. Volcker, American Economist

Communication, Difference, Information, World

16

"The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state."

"The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state."

John Kenneth Galbraith, American Economist

Time, Labor, State

16

"Love requires trust, and trust requires honesty that is only got through love."

"Love requires trust, and trust requires honesty that is only got through love."

Auliq Ice, Ugandan Economist

Love, Trust, Honesty, Relationship

16

"Whenever it comes to decision making, Remember the part about having confidence."

"Whenever it comes to decision making, Remember the part about having confidence."

Auliq Ice, Ugandan Economist

Decision, Confidence, Life, Choice

16

"In life, toughness and roughness go together."

"In life, toughness and roughness go together."

Auliq Ice, Ugandan Economist

Survival, Life, Strength, Resilience

16

"The object of the law of value is to elucidate the actual exchange relations of commodities."

"The object of the law of value is to elucidate the actual exchange relations of commodities."

Rudolf Hilferding, Austrian Economist

Law, Value, German

16

"Economic progress, in capitalist society, means turmoil."

"Economic progress, in capitalist society, means turmoil."

Joseph A. Schumpeter, American Economist

Society, Progress

16

"My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking."

"My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking."

Douglass North, American Economist

Life, Work, Investment

16

"Love tone, rhythm, lyrical or melodic structure from heart to love! is the interlude of true love."

"Love tone, rhythm, lyrical or melodic structure from heart to love! is the interlude of true love."

Auliq Ice, Ugandan Economist

Music, Love, Heart, Emotion

16

"The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities."

"The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities."

David Ricardo, British Economist

15

"The social displacements that occur as consequences of variations in the value of money result solely from the circumstance that this assumption never holds good. In the chapter dealing with the determinants of the objective exchange-value of money it was shown that variations in the value of money always start from a given point and gradually spread out from this point through the whole community."

"The social displacements that occur as consequences of variations in the value of money result solely from the circumstance that this assumption never holds good. In the chapter dealing with the determinants of the objective exchange-value of money it was shown that variations in the value of money always start from a given point and gradually spread out from this point through the whole community."

Ludwig von Mises, Austrian Economist

Economics, Theory, Values, Analysis

15

"The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state."

"The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state."

David Ricardo, British Economist

Society, State, States, Wages

15

"Inflationism is that monetary policy that seeks to increase the quantity of money."

"Inflationism is that monetary policy that seeks to increase the quantity of money."

Ludwig von Mises, Austrian Economist

Economics, Economy, Money, Policy, Inflation

15

"This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people into our way of life, through the economic hit men. I was very much a part of that."

"This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people into our way of life, through the economic hit men. I was very much a part of that."

John Perkins, American Economist

History, Life, Men, People

15

"The thought of being completely dependent disturbs people till the moment their eyes are opened to reality."

"The thought of being completely dependent disturbs people till the moment their eyes are opened to reality."

Auliq Ice, Ugandan Economist

Dependence, Reality, Acceptance, Life

15

"God gave you two hands one belongs to you and the other to your fellow man."

"God gave you two hands one belongs to you and the other to your fellow man."

Auliq Ice, Ugandan Economist

Faith, God, Life, Man, Compassion

15

"Nothing good ever comes out of hurry and frustration, only misery."

"Nothing good ever comes out of hurry and frustration, only misery."

Auliq Ice, Ugandan Economist

Patience, Frustration, Misery, Life

15

"Modesty is a vastly overrated virtue."

"Modesty is a vastly overrated virtue."

John Kenneth Galbraith, American Economist

Virtue, Modesty

15

"In the case of money, subjective use-value and subjective exchange-value coincide. Both are derived from objective exchange-value, for money has no utility other than that arising from the possibility of obtaining other economic goods in exchange for it."

"In the case of money, subjective use-value and subjective exchange-value coincide. Both are derived from objective exchange-value, for money has no utility other than that arising from the possibility of obtaining other economic goods in exchange for it."

Ludwig von Mises, Austrian Economist

Economics, Values, Money, Exchange

15

"No matter how good you are to people, you will always have barriers and enemies on your way to success."

"No matter how good you are to people, you will always have barriers and enemies on your way to success."

Auliq Ice, Ugandan Economist

Struggle, Enemy, Barrier, Success, Goodness

15

"People who have time on their hands will inevitably waste the time of people who have work to do."

"People who have time on their hands will inevitably waste the time of people who have work to do."

Thomas Sowell, American Economist

Time, Work, People, Waste

15

"One thing I've learned over these last 30 or 40 years is that people make history. There's no fait accompli to any of this."

"One thing I've learned over these last 30 or 40 years is that people make history. There's no fait accompli to any of this."

Jeremy Rifkin, American Economist

History, People, Years

15

"If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of that commodity on which it is exercised, as every diminution must lower it."

"If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of that commodity on which it is exercised, as every diminution must lower it."

David Ricardo, British Economist

Economy, Quantity, Value

15

"The main peculiarity which distinguishes man from other animals is the means of his support-the power which he possesses of very greatly increasing these means."

"The main peculiarity which distinguishes man from other animals is the means of his support-the power which he possesses of very greatly increasing these means."

Thomas Malthus, English Economist

Power, Animals, Man, Support

15

"Many of the genetically modified foods will be safe, I'm sure. Will most of them be safe? Nobody knows."

"Many of the genetically modified foods will be safe, I'm sure. Will most of them be safe? Nobody knows."

Jeremy Rifkin, American Economist

15

"No limits whatever are placed to the productions of the earth; they may increase forever."

"No limits whatever are placed to the productions of the earth; they may increase forever."

Thomas Malthus, English Economist

Earth, Limits, May

15

"The mistake in the argument of those who suppose that a variation in the quantity of money results in an inversely proportionate variation in its purchasing power lies in its starting-point. If we wish to arrive at a correct conclusion, we must start with the valuations of separate individuals; we must examine the way in which an increase or decrease in the quantity of money affects the value-scales of individuals, for it is from these alone that variations in the exchange-ratios of goods proceed."

"The mistake in the argument of those who suppose that a variation in the quantity of money results in an inversely proportionate variation in its purchasing power lies in its starting-point. If we wish to arrive at a correct conclusion, we must start with the valuations of separate individuals; we must examine the way in which an increase or decrease in the quantity of money affects the value-scales of individuals, for it is from these alone that variations in the exchange-ratios of goods proceed."

Ludwig von Mises, Austrian Economist

Economics, Analysis, Logic, Theory

15

"Marxism is essentially a product of the bourgeois mind."

"Marxism is essentially a product of the bourgeois mind."

Joseph A. Schumpeter, American Economist

Politics, Marxism, Mind

15

"Only by strict specialization can the scientific worker become fully conscious, for once and perhaps never again in his lifetime, that he has achieved something that will endure. A really definitive and good accomplishment is today always a specialized act."

"Only by strict specialization can the scientific worker become fully conscious, for once and perhaps never again in his lifetime, that he has achieved something that will endure. A really definitive and good accomplishment is today always a specialized act."

Max Weber, German Economist

Accomplishment, Act, Today, Will

15

"For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights."

"For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights."

Rudolf Hilferding, Austrian Economist

Economy, Economics

15

"An house is of a double nature, viz., one, wherein it is a way and means of expence, the other as it is an instrument and tool of gain."

"An house is of a double nature, viz., one, wherein it is a way and means of expence, the other as it is an instrument and tool of gain."

William Petty, English Economist

15

"He who sees the truth, let him proclaim it, without asking who is for it or who is against it."

"He who sees the truth, let him proclaim it, without asking who is for it or who is against it."

Henry George, American Economist

15

"Money differs from an automobile or mistress in being equally important to those who have it and those who do not."

"Money differs from an automobile or mistress in being equally important to those who have it and those who do not."

John Kenneth Galbraith, American Economist

15

"The only way that we're going to feel secure in this country again and that we're going to feel good about ourselves is if we use these systems we've put into place to create positive change around the world. I really believe we can do that."

"The only way that we're going to feel secure in this country again and that we're going to feel good about ourselves is if we use these systems we've put into place to create positive change around the world. I really believe we can do that."

John Perkins, American Economist

Change, Positive, Country, World

15

"The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up to our level of openness."

"The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up to our level of openness."

Larry Summers, American Economist

Time, Countries, Now, Post

15

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