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Quotes by Economist
"The big divide in this country is not between Democrats and Republicans, or women and men, but between talkers and doers."
13
"You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too."
13
"Local differences in the prices of commodities whose natures are technologically identical are to be explained on the one hand by differences in the cost of preparing them for consumption (expenses of transport, cost of retailing etc.) and on the other hand by the physical and legal obstacles that restrict the mobility of commodities and human beings."
13
"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."
13
"But that the reasoning from these facts, the drawing from them correct conclusions, is a matter of great difficulty, may be inferred from the imperfect state in which the Science is now found after it has been so long and so intensely studied."
13
"The rate of interest acts as a link between income-value and capital-value."
13
"Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly."
13
"Every good cause is worth some inefficiency."
13
"Adventure upon all the tickets in the lottery, and you lose for certain; and the greater the number of your tickets the nearer your approach to this certainty."
13
"But whether, for example, a coat can be exchanged for twenty yards of linen cloth or for forty yards is not a matter of chance, but depends upon objective conditions, upon the amount of socially necessary labor time contained in the coat and in the linen respectively."
13
"In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved."
13
"While I was there I became deeply interested in photography, and indeed the most noteworthy event in my early life was winning first, third, fourth and seventh prizes in an international competition for college and high school students."
13
"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."
13
"I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation."
13
"Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient."
13
"The publication of the third volume of Capital has made hardly any impression upon bourgeois economic science."
13
"Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them."
13
"The limit is not as narrow as it might be. I do not claim for this action, as it now goes on, an ideal degree of efficiency. What I do claim is that this type of competition already reveals its nature and its ultimate power to hold seeming monopolies in check."
13
"We have a system that increasingly taxes work and subsidizes nonwork."
13
"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."
13
"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."
13
"With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue."
13
"These were big ones. Those companies would then go in and build an electrical system or ports or highways, and these would basically serve just a few of the very wealthiest families in those countries."
13
"Science is the great antidote to the poison of enthusiasm and superstition."
13
"The German future lies in the hands of our Fuehrer."
13
"Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God."
13
"What has destroyed every previous civilization has been the tendency to the unequal distribution of wealth and power."
13
"I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy."
13
"Junk bonds prove there's nothing magical in a Aaa bond rating."
13
"If men do not now succeed in abolishing war, civilization and mankind are doomed."
13
"Every friend of freedom must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence."
13
"In itself and in its consequences the life of leisure is beautiful and ennobling in all civilised men's eyes."
13
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