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Quotes by Economist

"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else."
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Frederic Bastiat
"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else."
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15
"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."
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Nassau William Senior
"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."
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15
"Bureaucracy is not an obstacle to democracy but an inevitable complement to it."
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Joseph A. Schumpeter
"Bureaucracy is not an obstacle to democracy but an inevitable complement to it."
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15
"The fate of our times is characterized by rationalization and intellectualization and, above all, by the disenchantment of the world."
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Max Weber
"The fate of our times is characterized by rationalization and intellectualization and, above all, by the disenchantment of the world."
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14
"Underlying most arguments against the free market is a lack of belief in freedom itself."
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Milton Friedman
"Underlying most arguments against the free market is a lack of belief in freedom itself."
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14
"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."
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John Kenneth Galbraith
"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."
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14
"There is something wonderful in seeing a wrong-headed majority assailed by truth."
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John Kenneth Galbraith
"There is something wonderful in seeing a wrong-headed majority assailed by truth."
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14
"The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government."
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Milton Friedman
"The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government."
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14
"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."
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John Maynard Keynes
"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."
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14
"Our moral traditions developed concurrently with our reason, not as its product."
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Friedrich August von Hayek
"Our moral traditions developed concurrently with our reason, not as its product."
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14
"We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy."
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Nassau William Senior
"We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy."
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14
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."
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Milton Friedman
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."
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14
"Good questions outrank easy answers."
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Paul Samuelson
"Good questions outrank easy answers."
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14
"As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce."
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Adam Smith
"As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce."
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14
"What 'multiculturalism' boils down to is that you can praise any culture in the world except Western culture - and you cannot blame any culture in the world except Western culture."
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Thomas Sowell
"What 'multiculturalism' boils down to is that you can praise any culture in the world except Western culture - and you cannot blame any culture in the world except Western culture."
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14
"Success is like a seed, it waits for the right conditions that will allow it to grow."
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Auliq Ice
"Success is like a seed, it waits for the right conditions that will allow it to grow."
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13
"For me, socialism has always been about liberty and solidarity, but also about responsibility."
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Jacques Delors
"For me, socialism has always been about liberty and solidarity, but also about responsibility."
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13
"The Metropolis should have been aborted long before it became New York, London or Tokyo."
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John Kenneth Galbraith
"The Metropolis should have been aborted long before it became New York, London or Tokyo."
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13
"The 10 largest antitrust law firms in the United States have gone into the federal courts charging Monsanto with creating a global conspiracy in violation of the antitrust laws, to control the global market in seeds."
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Jeremy Rifkin
"The 10 largest antitrust law firms in the United States have gone into the federal courts charging Monsanto with creating a global conspiracy in violation of the antitrust laws, to control the global market in seeds."
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13
"Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased."
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Adam Smith
"Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased."
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13
"The difficulty lies not so much in developing new ideas as in escaping from old ones."
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John Maynard Keynes
"The difficulty lies not so much in developing new ideas as in escaping from old ones."
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12
"Property is theft."
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Pierre-Joseph Proudhon
"Property is theft."
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12
"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."
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Adam Smith
"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."
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12
"Why in almost all societies have married women specialized in bearing and rearing children and in certain agricultural activities, whereas married men have done most of the fighting and market work?"
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Gary Becker
"Why in almost all societies have married women specialized in bearing and rearing children and in certain agricultural activities, whereas married men have done most of the fighting and market work?"
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12
"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."
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James Meade
"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."
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12
"Economics is extremely useful as a form of employment for economists."
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John Kenneth Galbraith
"Economics is extremely useful as a form of employment for economists."
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11
"I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it."
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Lawrence Summers
"I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it."
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11
"If history could teach us anything, it would be that private property is inextricably linked with civilization."
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Ludwig von Mises
"If history could teach us anything, it would be that private property is inextricably linked with civilization."
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11
"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."
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Adam Smith
"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."
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11
"Capital is that part of wealth which is devoted to obtaining further wealth."
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Alfred Marshall
"Capital is that part of wealth which is devoted to obtaining further wealth."
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11
"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."
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Thomas Sowell
"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."
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11
"Is it really true that political self-interest is nobler somehow than economic self-interest?"
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Milton Friedman
"Is it really true that political self-interest is nobler somehow than economic self-interest?"
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11
"He didn't say that. He was reading what was given to him in a speech."
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Richard Darman
"He didn't say that. He was reading what was given to him in a speech."
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11
"The real minimum wage is zero."
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Thomas Sowell
"The real minimum wage is zero."
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11
"Concentrated power is not rendered harmless by the good intentions of those who create it."
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Milton Friedman
"Concentrated power is not rendered harmless by the good intentions of those who create it."
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11
"The rich, by unfair combinations, contribute frequently to prolong a season of distress among the poor."
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Thomas Malthus
"The rich, by unfair combinations, contribute frequently to prolong a season of distress among the poor."
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10
"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."
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Milton Friedman
"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."
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10
"You can't inspire people if you are going to be uninspiring."
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Robert Reich
"You can't inspire people if you are going to be uninspiring."
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10
"All money is a matter of belief."
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Adam Smith
"All money is a matter of belief."
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10
"In economics, the majority is always wrong."
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John Kenneth Galbraith
"In economics, the majority is always wrong."
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10
"In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof."
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John Kenneth Galbraith
"In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof."
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10
"For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still."
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John Maynard Keynes
"For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still."
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10
"The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes."
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Alfred Marshall
"The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes."
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10
"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."
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Pierre-Joseph Proudhon
"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."
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10
"The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well."
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John Hull
"The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well."
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10
"No king establishes a kingdom without pouring blood of a nation."
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Auliq Ice
"No king establishes a kingdom without pouring blood of a nation."
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10
"The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake."
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Alan Greenspan
"The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake."
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10
"Cinema explains American society. It's like a Western, with good guys and bad guys, where the weak don't have a place."
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Jacques Delors
"Cinema explains American society. It's like a Western, with good guys and bad guys, where the weak don't have a place."
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10
"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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Robert Reich
"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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10
"There's a certain part of the contented majority who love anybody who is worth a billion dollars."
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John Kenneth Galbraith
"There's a certain part of the contented majority who love anybody who is worth a billion dollars."
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