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Quotes by Economist
"If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles."
39
"But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities."
39
"If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win."
39
"Look around, and you see everywhere the exertions and acts of individuals restricted, regulated, or promoted, on the principle of the common welfare."
39
"If we were left to ourselves, unfettered by legislative enactments, we should gradually withdraw our capital from the cultivation of such lands, and import the produce which is at present raised upon them."
39
"I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy."
39
"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."
39
"Things don't always go as planned, but it's when you make a plan out of the unplanned and make the best of the unlikely things In life."
39
"Everyone is special; every moment in our life is unique. However difficult or painful a situation may look at present, it soon becomes a memory and a special journey. Memories make us who we are, but it also starts declining with age. There are many ways to preserve these special moments so that we can cherish a story that's our own."
39
"The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people."
39
"We can get more energy out of the north slope of Alaska; we have available the ability to make ourselves less dependent on those uncertain sources of supply from the Middle East. And it's important we do that."
39
"What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life."
39
"But while I loved all of these courses, there was an irresistible attraction of economics."
39
"I think it will be found that experience, the true source and foundation of all knowledge, invariably confirms its truth."
39
"I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan."
39
"A claim for equality of material position can be met only by a government with totalitarian powers."
39
"Everyone suffers personal setbacks. If you're experiencing difficulty in your career or personal life, keep it in perspective - by persevering through your difficulties, you're building a stronger personality in you. Never give up!."
39
"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."
38
"The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning."
38
"He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants."
38
"If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment."
38
"Many of the genetically modified foods will be safe, I'm sure. Will most of them be safe? Nobody knows."
Will,
38
"When we seed millions of acres of land with these plants, what happens to foraging birds, to insects, to microbes, to the other animals, when they come in contact and digest plants that are producing materials ranging from plastics to vaccines to pharmaceutical products?"
38
"Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more."
38
"If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?"
38
"The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself."
38
"Consumption may be regarded as negative production."
38
"But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation."
38
"I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller."
38
"The entrepreneur who is reckoning in terms of a currency with a stable value is unable to compete with the entrepreneur who is prepared to make a quasi-gift of part of his capital to his customers. In 1920 and 1921, Dutch traders who had sold commodities to Austria could buy them back again after a while much cheaper than they had originally sold them, because the Austrian traders completely failed to see that they were selling them for less than they had cost."
38
"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."
38
"The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view."
38
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