Quotes by Economist | Beyond Motive 15/40

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Quotes by Economist

"The Treasury Department would use the interest from these securities to hire U.S. companies to build Saudi Arabia - new cities, new infrastructure - which we've done."

"The Treasury Department would use the interest from these securities to hire U.S. companies to build Saudi Arabia - new cities, new infrastructure - which we've done."

John Perkins, American Economist

Finance, Cities, Interest

38

"Where there is less pain, there is also less pay."

"Where there is less pain, there is also less pay."

Auliq Ice, Ugandan Economist

Hardship, Pain, Struggle, Values, Effort

38

"Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved."

"Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved."

Thomas Sowell, American Economist

Economy, Jobs, Sales, World

38

"Invention is the mother of necessity."

"Invention is the mother of necessity."

Thorstein Veblen, American Economist

Family, Mother, Invention, Necessity

38

"In the United States, though power corrupts, the expectation of power paralyzes."

"In the United States, though power corrupts, the expectation of power paralyzes."

John Kenneth Galbraith, American Economist

Power, Expectation, States, United

38

"We were making the first step out of the age of chemistry and physics, and into the age of biology."

"We were making the first step out of the age of chemistry and physics, and into the age of biology."

Jeremy Rifkin, American Economist

Age, First, Physics

38

"Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric."

"Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric."

Thomas Sowell, American Economist

Blood, Freedom, Rhetoric

38

"The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes."

"The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes."

Milton Friedman, American Economist

Government, Internet, Taxes, Will

38

"But what you could perhaps do with in these days is a word of most sincere sympathy. Your movement is carried internally by so strong a truth and necessity that victory in one form or another cannot elude you for long."

"But what you could perhaps do with in these days is a word of most sincere sympathy. Your movement is carried internally by so strong a truth and necessity that victory in one form or another cannot elude you for long."

Hjalmar Schacht, German Economist

Truth, Sympathy, Victory, Necessity

38

"In the same manner if any nation wasted part of its wealth, or lost part of its trade, it could not retain the same quantity of circulating medium which it before possessed."

"In the same manner if any nation wasted part of its wealth, or lost part of its trade, it could not retain the same quantity of circulating medium which it before possessed."

David Ricardo, British Economist

Wealth, Nation, Quantity, Trade

38

"Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised."

"Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised."

John Kenneth Galbraith, American Economist

Economy, Boredom, Economics

38

"For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people."

"For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people."

Joseph A. Schumpeter, American Economist

Time, Life, People, Class

38

"Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition."

"Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition."

Rudolf Hilferding, Austrian Economist

Competition, Value, German

38

"Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late."

"Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late."

Thomas Sowell, American Economist

Civilization, Effect

38

"We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation."

"We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation."

Martin Feldstein, American Economist

Gain, Inflation

38

"The largest party in America, by the way, is neither the Democrats nor the Republicans. It's the party of non-voters."

"The largest party in America, by the way, is neither the Democrats nor the Republicans. It's the party of non-voters."

Robert Reich, American Economist

Politics, America, Democrats, Party, Republicans

38

"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."

"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."

David Ricardo, British Economist

Food, First, Land, Population

38

"The importance of money flows from it being a link between the present and the future."

"The importance of money flows from it being a link between the present and the future."

John Maynard Keynes, English Economist

Money, Being, Future, Importance

38

"Therefore one should speak at the same time of national citizenship and wider European citizenship."

"Therefore one should speak at the same time of national citizenship and wider European citizenship."

Jacques Delors, French Economist

Time, Citizenship

38

"The whole action of the laws tended to increase the number of consumers of food and to diminish the number of producers, was due the invention of the Malthusian theory of population."

"The whole action of the laws tended to increase the number of consumers of food and to diminish the number of producers, was due the invention of the Malthusian theory of population."

Henry Charles Carey, American Economist

Food, Action, Invention, Laws

38

"The time I trust will come, perhaps within the lives of some of us, when the outline of this science will be clearly made out and generally recognised, when its nomenclature will be fixed, and its principles form a part of elementary instruction."

"The time I trust will come, perhaps within the lives of some of us, when the outline of this science will be clearly made out and generally recognised, when its nomenclature will be fixed, and its principles form a part of elementary instruction."

Nassau William Senior, English Economist

Science, Time, Trust, Principles

38

"Value manifests itself as exchange value, as a quantitatively determined relationship, in virtue of the fact that one commodity can be exchanged for another."

"Value manifests itself as exchange value, as a quantitatively determined relationship, in virtue of the fact that one commodity can be exchanged for another."

Rudolf Hilferding, Austrian Economist

Virtue, Fact, Value

38

"The antitrust litigation currently in the federal courts in the U.S. against Monsanto will be the test case in the life sciences, just as the Microsoft case was the test case in the information sciences."

"The antitrust litigation currently in the federal courts in the U.S. against Monsanto will be the test case in the life sciences, just as the Microsoft case was the test case in the information sciences."

Jeremy Rifkin, American Economist

Life, Information, Will

38

"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."

"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."

Hjalmar Schacht, German Economist

38

"The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist."

"The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist."

George Stigler, American Economist

Behavior, Challenge, Competition, Cooperation

38

"There is no room at all for independent enterprise under any variety of State Socialism. Prices are to be regulated authoritatively; authority is to fix what is to be produced, and how, and in what quantities. There is to be no speculation, no 'excessive' profit, no loss. There is to be no innovation unless it be decreed by authority. The official is to direct and supervise everything."

"There is no room at all for independent enterprise under any variety of State Socialism. Prices are to be regulated authoritatively; authority is to fix what is to be produced, and how, and in what quantities. There is to be no speculation, no 'excessive' profit, no loss. There is to be no innovation unless it be decreed by authority. The official is to direct and supervise everything."

Ludwig von Mises, Austrian Economist

Politics, Socialism, Authority, Innovation, Control

38

"The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs."

"The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs."

Nassau William Senior, English Economist

Business, Neglect, Principles, State

38

"To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war."

"To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war."

Ludwig von Mises, Austrian Economist

Peace, War, Defeat, Ideology

38

"We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different."

"We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different."

Jeffrey Sachs, American Economist

Economy, Depression, Will, World

38

"My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth."

"My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth."

Joseph E. Stiglitz, American Economist

Change, Growth, Income, Research

38

"Trade is nothing else but a Commutation of Superfluities; for instance: I give mine, what I can spare, for somewhat of yours, which I want, and you can spare."

"Trade is nothing else but a Commutation of Superfluities; for instance: I give mine, what I can spare, for somewhat of yours, which I want, and you can spare."

Dudley North, English Economist

Nothing, Trade, Want

38

"An individual, in promoting his own interest, may injure the public interest; a nation, in promoting the general welfare, may check the interest of a part of its members."

"An individual, in promoting his own interest, may injure the public interest; a nation, in promoting the general welfare, may check the interest of a part of its members."

Friedrich List, German Economist

Interest, May, Nation, Public

38

"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

38

"Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check."

"Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check."

John W. Snow, American Economist

Growth, Inflation, Moderation, Oil

38

"Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be."

"Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be."

John Maynard Keynes, English Economist

Society, Americans, Opinion

38

"All successful people learn to navigate diverse personalities. So don't loose hopes after failure, try other ways and you'll reach there."

"All successful people learn to navigate diverse personalities. So don't loose hopes after failure, try other ways and you'll reach there."

Auliq Ice, Ugandan Economist

Success, Failure, People, Diversity

38

"With the aid of this credit policy, however, Germany created an armament second to none, and this armament in turn made possible the results of our policy."

"With the aid of this credit policy, however, Germany created an armament second to none, and this armament in turn made possible the results of our policy."

Hjalmar Schacht, German Economist

Policy, Credit, Germany, Results

38

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

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

Joseph A. Schumpeter, American Economist

Society, Progress

38

"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

37

"After my first visit to Japan, in 1960, to work on a joint model building project at Osaka University, I maintained a continuing interest in the country and the entire Far East."

"After my first visit to Japan, in 1960, to work on a joint model building project at Osaka University, I maintained a continuing interest in the country and the entire Far East."

Lawrence R. Klein, American Economist

Work, Building, Country, First

37

"The real heroes are those ones who are forgotten, forsaken and remain the nameless ones, in the history of time."

"The real heroes are those ones who are forgotten, forsaken and remain the nameless ones, in the history of time."

Auliq Ice, Ugandan Economist

Heroes, History, Forgotten, Time

37

"A leader is someone who steps back from the entire system and tries to build a more collaborative, more innovative system that will work over the long term."

"A leader is someone who steps back from the entire system and tries to build a more collaborative, more innovative system that will work over the long term."

Robert Reich, American Economist

Work, Leader, Will

37

"The American public is not aware that there might be potential allergenic and toxic reactions. With regular food, at least people know which foods they have an allergy to."

"The American public is not aware that there might be potential allergenic and toxic reactions. With regular food, at least people know which foods they have an allergy to."

Jeremy Rifkin, American Economist

Food, People, Potential

37

"I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis."

"I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis."

John W. Snow, American Economist

Action, Obligation, Reform, Security

37

"The worst evils which mankind has ever had to endure were inflicted by bad governments."

"The worst evils which mankind has ever had to endure were inflicted by bad governments."

Ludwig von Mises, Austrian Economist

37

"If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth."

"If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth."

Martin Feldstein, American Economist

Home, Growth, Stability

37

"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

37

"And yet I would not freely exchange my science for those of my fellow laureates. They are forever confined in their professional discussions to the small numbers of their fellow scientists."

"And yet I would not freely exchange my science for those of my fellow laureates. They are forever confined in their professional discussions to the small numbers of their fellow scientists."

George Stigler, American Economist

Science, Numbers, Scientists

37

"We do not want to live in a theocracy. We should maintain that barrier and government has no business telling someone what they ought to believe or how they should conduct their private lives."

"We do not want to live in a theocracy. We should maintain that barrier and government has no business telling someone what they ought to believe or how they should conduct their private lives."

Robert Reich, American Economist

Business, Government, Want

37

"An early fascination with higher mathematics at the university level blossomed into speculative thinking that could provide a basis for dealing with economic issues."

"An early fascination with higher mathematics at the university level blossomed into speculative thinking that could provide a basis for dealing with economic issues."

Lawrence R. Klein, American Economist

Education, Mathematics, Thinking, University

37

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