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Quotes by Economist
"The payment made by a manufacturer to a patentee for the privilege of using the patent process, is usually termed, in commercial language, a rent; and under the same head must be ranked all extraordinary qualities of body and mind."
10
"We've seen it over and over throughout history, it isn't a conspiracy theory anymore that the truly great ones get taken out. That's a trend, but when will people realize that after new world order, worldwide communism will take place."
9
"There is no sense in making statements that will not continue to be true after they are made."
9
"It will be said, however, that protection tends to destroy commerce, the civilizer of mankind. Directly the reverse, however, is the fact."
9
"Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications."
9
"When the rich and the powerful rise they leave the powerless and the poor without possibility."
9
"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."
9
"Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment."
9
"But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation."
9
"Any family without an entrepreneur has a limited hope."
9
"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."
9
"My main graduate training was received at the University of Chicago from which I received the Ph.D. in 1938."
9
"Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy."
9
"What the public needs to understand is that these new technologies, especially in recombinant DNA technology, allow scientists to bypass biological boundaries altogether."
9
"After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to decide if I wanted to continue in economics."
9
"Socialism is an alternative to capitalism as potassium cyanide is an alternative to water."
9
"Look around, and you see everywhere the exertions and acts of individuals restricted, regulated, or promoted, on the principle of the common welfare."
9
"Senior development specialists in the Treasury can be counted on one hand. America's government is not even aware of the gap between its commitments and action, because almost nobody in authority understands the actions that would be needed to meet the commitments."
9
"Not only has this subject been long associated with the ideas of thinking men over the ages but its practical importance is attested to by the huge resources of men and material thrown into this type of work."
9
"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."
9
"Successful investing is anticipating the anticipations of others."
9
"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."
9
"I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are."
9
"Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices."
9
"Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics."
9
"Europe will not accept genetically modified foods. It doesn't make any difference in the final analysis what Brussels does, what Washington does, or what the World Trade Organization does."
9
"The Treatise tries to analyze not only modern Western families, but also those in other cultures and the changes in family structure during the past several centuries."
9
"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."
9
"In this world of many consequences, people help people to achieve or to fail, take care of whom to trust."
9
"International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief."
9
"It is true that the speculator may happen to go astray in his estimate of future prices. What is usually overlooked in considering this possibility is that under the given conditions it is far beyond the capacities of most people to foresee the future any more correctly. If this were not so, the opposing group of buyers or sellers would have got the upper hand in the market. The fact that the opinion accepted by the market has later proved to be false is lamented by nobody with more genuine sorrow than by the speculators who held it. They do not err of malice prepense; after all, their object is to make profits, not losses."
9
"Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man."
9
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