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Quotes by Economist

"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else."

"Our object in these remarks has been not only to account for the slow progress which has as yet been made by Political Economy, and to suggest means by which its advancement may be accelerated, but also to warn the reader of the nature of the following Treatise."

"Bureaucracy is not an obstacle to democracy but an inevitable complement to it."


"The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness."

"The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government."

"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."

"Our moral traditions developed concurrently with our reason, not as its product."

"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."

"For me, socialism has always been about liberty and solidarity, but also about responsibility."


"The Metropolis should have been aborted long before it became New York, London or Tokyo."

"The difficulty lies not so much in developing new ideas as in escaping from old ones."

"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."

"But my shift to the serious study of economics gradually weakened my belief in Major Douglas's A+B theorem, which was replaced in my thought by the expression MV = PT."


"Economics is extremely useful as a form of employment for economists."

"If history could teach us anything, it would be that private property is inextricably linked with civilization."

"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."

"Capital is that part of wealth which is devoted to obtaining further wealth."

"The Massachusetts Institute of Technology accepts blacks in the top ten percent of students, but at MIT this puts them in the bottom ten percent of the class."

"Is it really true that political self-interest is nobler somehow than economic self-interest?"
Self,

"He didn't say that. He was reading what was given to him in a speech."

"Concentrated power is not rendered harmless by the good intentions of those who create it."

"The rich, by unfair combinations, contribute frequently to prolong a season of distress among the poor."
Poor,

"The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way."

"You can't inspire people if you are going to be uninspiring."

"A common danger tends to concord. Communism is the exploitation of the strong by the weak. In Communism, inequality comes from placing mediocrity on a level with excellence."

"Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation."
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