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Quotes by Economist
"If men do not now succeed in abolishing war, civilization and mankind are doomed."
42
"It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."
42
"Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another."
42
"Communism is inequality, but not as property is. Property is exploitation of the weak by the strong. Communism is exploitation of the strong by the weak."
42
"We often go through life with blinders on. Not always because we refuse to see what is obvious or that we're too lazy or fearful to look very deeply, but because we don't know to look where we don't know something has been neglected."
42
"The crisis triggered a fertile period of scientific ferment and revolution in economic theory."
42
"For economist the real world is often a special case."
42
"Etatism, as a theory, is the doctrine of the omnipotence of the State, and, as a policy, the attempt to regulate all mundane affairs by authoritative commandment and prohibition. The ideal society of etatism is a particular sort of socialistic community; it is usual in discussions involving this ideal society to speak of State Socialism, or, in some connexions, of Christian Socialism."
42
"Used to the conditions of a capitalistic environment, the average American takes it for granted that every year business makes something new and better accessible to him. Looking backward upon the years of his own life, he realizes that many implements that were totally unknown in the days of his youth and many others which at that time could be enjoyed only by a small minority are now standard equipment of almost every household. He is fully confident that this trend will prevail also in the future. He simply calls it the American way of life and does not give serious thought to the question of what made this continuous improvement in the supply of material goods possible."
42
"Two years later, I went to the University of Minnesota from which I was on leave for several years during the war as a member of Statistical Research Group at Columbia University."
41
"You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government."
41
"The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods."
41
"And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you'll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout?"
41
"Scratch a pessimist and you find often a defender of privilege."
41
"One man's opportunism is another man's statesmanship."
41
"I continue to be a photographer; I have enjoyed fishing and hunting with a close friend; and have owned two ranches, first in northern California and then in the state of Washington."
41
"The completion of my undergraduate training at the University of California (Berkeley) provided just the needed touches of rigor at advanced levels in both economics and mathematics."
41
"We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy."
41
"By adopting the other trade, we place ourselves by the side of those whose measures tend not only to the improvement of their own subjects, but to the emancipation of the slave everywhere."
41
"Wealth, in even the most improbable cases, manages to convey the aspect of intelligence."
41
"I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive."
41
"To feel much for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature."
41
"Allied supplies of arms to Russia, and the manpower reserves of Russia have been sufficient to bring continuous counter-attacks against our Eastern Front."
41
"No man pays double or twice for the same thing, forasmuch as nothing can be spent but once."
41
"Science is the great antidote to the poison of enthusiasm and superstition."
41
"The more a person learns how to use the forces of nature for his own purposes, by means of perfecting the sciences and the invention and improvement of machines, the more he will produce."
41
"The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion."
41
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