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Quotes by Economist
"We cannot afford to have any large section of the business world in doubt whether they have broken the laws or not, and we cannot let the laws become a dead letter through vagueness. In this view it is clear that an administrative commission can render invaluable service."
14
"In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better."
14
"In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed."
14
"Overcofidence and ignorance are the root causes of sexuall dissatisfaction in the world today."
14
"Second, there were the discussions and drafts leading up to the White Paper on Employment Policy of 1944 in which the UK government accepted the maintenance of employment as an obligation of governmental policy."
14
"From 1931 to 1937, I was a Fellow and Lecturer in Economics at Hertford College, Oxford."
14
"The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of social labor. It would introduce into distribution a genuinely arbitrary element, with a very large ultimate power to pervert the natural system."
14
"Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition."
14
"In ancient times they had no statistics so they had to fall back on lies."
14
"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."
Fact,
14
"How many men are there who fairly earn a million dollars?"
14
"A refuge is supposed to prevent what? The genes from flowing out of sight? This refuge idea won't stop insects from moving across boundaries. That's absurd."
14
"Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order."
14
"If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win."
14
"And in Iraq we tried to implement the same policy that was so successful in Saudi Arabia, but Saddam Hussein didn't buy. When the economic hit men fail in this scenario, the next step is what we call the jackals."
14
"Here we are to remember that in consequence of our opinion that labor is the Father and active principle of wealth, as lands are the Mother, that the state by killing, mutilating, or imprisoning their members do withal punish themselves."
14
"After all the fertile land in the immediate neighbourhood of the first settlers were cultivated, if capital and population increased, more food would be required, and it could only be procured from land not so advantageously situated."
14
"Both free speech rights and property rights belong legally to individuals, but their real function is social, to benefit vast numbers of people who do not themselves exercise these rights."
14
"To spend this particular year reading essays to Dennis Robertson as one's supervisor, and, simultaneously, enjoying membership of the group round Keynes was indeed an intellectual treat."
14
"Therefore one should speak at the same time of national citizenship and wider European citizenship."
14
"Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here."
14
"Even in Britain, the trade unions tell me that employment contracts have less protection than in the past."
14
"The European model is, first, a social and economic system founded on the role of the market, for no computer in the world can process information better than the market."
14
"To measure is to determine the ratio of one quantity to another which is invariable or assumed to be invariable. Invariability in respect of the property to be measured, or at least the legitimacy of assuming such invariability, is a sine qua non of all measurement. Only when this assumption is admissible is it possible to determine the variations that are to be measured."
14
"The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence."
14
"Rules are to be initiated for the allotment of scarce raw materials etc; and their use and processing for other than war, or otherwise absolutely vital, goods is prohibited."
14
"Against what is stupid, nonsensical, erroneous, and evil, [classical] liberalism fights with the weapons of the mind, and not with brute force and repression."
14
"What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?"
14
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