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Quotes by Economist
"The Metropolis should have been aborted long before it became New York, London or Tokyo."
17
"You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing."
17
"The conventional view serves to protect us from the painful job of thinking."
17
"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."
17
"Bureaucracy is not an obstacle to democracy but an inevitable complement to it."
17
"Concentrated power is not rendered harmless by the good intentions of those who create it."
17
"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."
17
"The power to do good is also the power to do harm."
16
"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."
16
"Is it really true that political self-interest is nobler somehow than economic self-interest?"
Self,
16
"I think it will be found that experience, the true source and foundation of all knowledge, invariably confirms its truth."
16
"History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition."
15
"The ordeal of virtue is to resist all temptation to evil."
15
"One man's opportunism is another man's statesmanship."
15
"If history could teach us anything, it would be that private property is inextricably linked with civilization."
15
"We've taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well."
15
"Yes, the European model remains superior to that of America and Japan."
15
"Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom."
15
"It was wrong to allow Stalin to shape the European landscape of the 20th century. It would be even more wrong to let him shape the landscape of the 21st century."
15
"Capital is a result of labor, and is used by labor to assist it in further production. Labor is the active and initial force, and labor is therefore the employer of capital."
15
"Population, when unchecked, increases in a geometrical ratio."
15
"The presentation of the Golden Badge of the Movement is the highest honor the Third Reich has to offer."
15
"Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs."
14
"We have escapist fiction, so why not escapist biography?"
14
"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."
14
"Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets."
14
"Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned."
14
"The only function of economic forecasting is to make astrology look respectable."
14
"You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America."
14
"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."
14
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