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Quotes by Economist

"The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state."
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John Kenneth Galbraith
"The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state."
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35
"You just can't apologize for being you nor for your emotional self, nor for your intellectual self, nor for spiritual self, nor for your physical self. It's all a part of who you are, signal that you don't value who you are, once that occurs you have a serious work to do, to get back to where you need to be in order to move on in life."
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Auliq Ice
"You just can't apologize for being you nor for your emotional self, nor for your intellectual self, nor for spiritual self, nor for your physical self. It's all a part of who you are, signal that you don't value who you are, once that occurs you have a serious work to do, to get back to where you need to be in order to move on in life."
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35
"If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn."
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David Ricardo
"If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn."
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34
"With your laugh my sorrows are relieved, with your love I forget about my problems, and by your side everything is better."
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Auliq Ice
"With your laugh my sorrows are relieved, with your love I forget about my problems, and by your side everything is better."
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34
"Despite a decade of criticism and budget cuts, the specialised UN agencies have far more expertise and hands-on experience than any other organisations in the world."
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Jeffrey Sachs
"Despite a decade of criticism and budget cuts, the specialised UN agencies have far more expertise and hands-on experience than any other organisations in the world."
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34
"The insurance companies aren't covering that. Should Monsanto be liable for these losses? Should the state government? Who's going to cover the losses? The fact is, here's an industry with no long-term liability in place."
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Jeremy Rifkin
"The insurance companies aren't covering that. Should Monsanto be liable for these losses? Should the state government? Who's going to cover the losses? The fact is, here's an industry with no long-term liability in place."
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34
"Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States."
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John W. Snow
"Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States."
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34
"The methods by which a trade union can alone act, are necessarily destructive; its organization is necessarily tyrannical."
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Henry George
"The methods by which a trade union can alone act, are necessarily destructive; its organization is necessarily tyrannical."
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"First, I think the science of monetary economics has clearly gotten better."
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Martin Feldstein
"First, I think the science of monetary economics has clearly gotten better."
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"If wrinkles must be written upon our brows, let them not be written upon the heart. The spirit should never grow old."
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John Kenneth Galbraith
"If wrinkles must be written upon our brows, let them not be written upon the heart. The spirit should never grow old."
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34
"Money differs from an automobile or mistress in being equally important to those who have it and those who do not."
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John Kenneth Galbraith
"Money differs from an automobile or mistress in being equally important to those who have it and those who do not."
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34
"It stands, essentially, for the application of increased energy to the efforts already undertaken by my ministry since 1934 with the results shown in the above statistics."
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Hjalmar Schacht
"It stands, essentially, for the application of increased energy to the efforts already undertaken by my ministry since 1934 with the results shown in the above statistics."
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"Any union that can't accept workers choosing their own representatives through universal franchise is finished."
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Jacques Delors
"Any union that can't accept workers choosing their own representatives through universal franchise is finished."
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34
"Not only do our trials become classrooms that teach us life's most profound lessons, they add joy and meaning to daily living."
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Auliq Ice
"Not only do our trials become classrooms that teach us life's most profound lessons, they add joy and meaning to daily living."
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34
"Tax increases appear to have a very large sustained and highly significant negative impact on output."
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Christina Romer
"Tax increases appear to have a very large sustained and highly significant negative impact on output."
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"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."
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Ben Bernanke
"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."
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"It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide."
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Friedrich August von Hayek
"It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide."
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34
"But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion."
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Martin Feldstein
"But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion."
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34
"I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down."
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Christina Romer
"I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down."
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34
"The Nobel Prize is given as a personal award but it also honors the field of research in which I have worked and it also honors my students and colleagues."
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Robert Hofstadter
"The Nobel Prize is given as a personal award but it also honors the field of research in which I have worked and it also honors my students and colleagues."
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"The giant console, high ceilings, and glass windows mean nothing than love from the heart."
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Auliq Ice
"The giant console, high ceilings, and glass windows mean nothing than love from the heart."
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34
"There are times in politics when you must be on the right side and lose."
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John Kenneth Galbraith
"There are times in politics when you must be on the right side and lose."
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34
"A Swedish physicist can not discuss his work with fifty people unless he goes abroad. A Swedish economist can get opinions and instructions in his native language from thousands upon thousands of his fellow citizens."
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George Stigler
"A Swedish physicist can not discuss his work with fifty people unless he goes abroad. A Swedish economist can get opinions and instructions in his native language from thousands upon thousands of his fellow citizens."
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34
"After the United States entered the war, I joined the Naval Reserve and spent ninety days in a Columbia University dormitory learning to be a naval officer."
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James Tobin
"After the United States entered the war, I joined the Naval Reserve and spent ninety days in a Columbia University dormitory learning to be a naval officer."
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"Then it was that were passed the laws restricting emancipation and prohibiting education."
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Henry Charles Carey
"Then it was that were passed the laws restricting emancipation and prohibiting education."
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34
"Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest."
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Joseph A. Schumpeter
"Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest."
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34
"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."
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Friedrich August von Hayek
"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."
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34
"The mind cannot foresee its own advance."
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Friedrich August von Hayek
"The mind cannot foresee its own advance."
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34
"If it's me who loves you, you'll know, as I will tell it you in my own words."
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Auliq Ice
"If it's me who loves you, you'll know, as I will tell it you in my own words."
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34
"And that's why I wrote the book, because our country really needs to understand, if people in this nation understood what our foreign policy is really about, what foreign aid is about, how our corporations work, where our tax money goes, I know we will demand change."
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John Perkins
"And that's why I wrote the book, because our country really needs to understand, if people in this nation understood what our foreign policy is really about, what foreign aid is about, how our corporations work, where our tax money goes, I know we will demand change."
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34
"Intellects whose desires have outstripped their understanding."
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Friedrich August von Hayek
"Intellects whose desires have outstripped their understanding."
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34
"Telecom is a dramatic success in India and our view is, respecting the political process, and respecting the fact that these are sovereign decisions, is that, approaching India as a friend."
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John W. Snow
"Telecom is a dramatic success in India and our view is, respecting the political process, and respecting the fact that these are sovereign decisions, is that, approaching India as a friend."
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34
"You only need to make one big score in finance to be a hero forever."
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Merton Miller
"You only need to make one big score in finance to be a hero forever."
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34
"Anything that we can do to raise personal savings is very much in the interest of this country."
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Alan Greenspan
"Anything that we can do to raise personal savings is very much in the interest of this country."
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34
"The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion."
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John Maynard Keynes
"The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion."
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34
"Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political - legislative and administrative - decisions and hence incapable of being an end in itself."
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Joseph A. Schumpeter
"Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political - legislative and administrative - decisions and hence incapable of being an end in itself."
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34
"In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.'"
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Thomas J. Sargent
"In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.'"
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34
"But the memory of war weighs undiminished upon the people's minds. That is because deeper than material wounds, moral wounds are smarting, inflicted by the so- called peace treaties."
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Hjalmar Schacht
"But the memory of war weighs undiminished upon the people's minds. That is because deeper than material wounds, moral wounds are smarting, inflicted by the so- called peace treaties."
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34
"Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit."
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Martin Feldstein
"Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit."
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34
"We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much."
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John Kenneth Galbraith
"We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much."
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34
"In Oxford before the war, I had, with this interest in mind, written a short textbook entitled, An Introduction to Economic Analysis and Policy. It was now my intention to rewrite this work."
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James Meade
"In Oxford before the war, I had, with this interest in mind, written a short textbook entitled, An Introduction to Economic Analysis and Policy. It was now my intention to rewrite this work."
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"The only relevant test of the validity of a hypothesis is comparison of prediction with experience."
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Milton Friedman
"The only relevant test of the validity of a hypothesis is comparison of prediction with experience."
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34
"My theme this evening is that America needs a competitive dollar."
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Martin Feldstein
"My theme this evening is that America needs a competitive dollar."
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34
"Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward."
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John Hull
"Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward."
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34
"It is bad policy to regulate everything... where things may better regulate themselves and can be better promoted by private exertions; but it is no less bad policy to let those things alone which can only be promoted by interfering social power."
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Friedrich List
"It is bad policy to regulate everything... where things may better regulate themselves and can be better promoted by private exertions; but it is no less bad policy to let those things alone which can only be promoted by interfering social power."
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34
"Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production."
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Joseph A. Schumpeter
"Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production."
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34
"There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions."
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Robert Reich
"There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions."
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34
"The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy."
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John Maynard Keynes
"The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy."
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34
"The slaves of socialism are slaves, but they are no one's property and therefore no one's loss."
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George Reisman
"The slaves of socialism are slaves, but they are no one's property and therefore no one's loss."
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34
"Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm."
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Merton Miller
"Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm."
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