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Quotes by Economist
"Have your one good cry, pick your chin up, smile, and move on to the positive."
25
"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."
25
"The market tends to pay as a wage what an individual laborer is worth. But the case last studied suggests the question how accurately the law operates in practice. May it not be an honest law, but be so vitiated in its working as to give a dishonest result?"
24
"The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau."
24
"Man is the only animal whose desires increase as they are fed; the only animal that is never satisfied."
Man,
24
"The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government."
24
"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."
24
"Communism is inequality, but not as property is. Property is exploitation of the weak by the strong. Communism is exploitation of the strong by the weak."
24
"A thousand acres that can feed a thousand souls is better than ten thousand acres of no more effect."
24
"A FAILED RESOLUTION IS NOT THE FAULT OF RESOLUTIONS."
24
"Again two manufacturers may employ the same amount of fixed, and the same amount of circulating capital; but the durability of their fixed capitals may be very unequal."
23
"Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer."
23
"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."
23
"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."
23
"The only function of economic forecasting is to make astrology look respectable."
23
"The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy."
23
"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."
23
"The funds from the sale were put into research and general teaching budgets at the university. Wharton Econometric Forecasting Associates, Inc., is now a growing enterprise with many model and other econometric facilities."
23
"The Metropolis should have been aborted long before it became New York, London or Tokyo."
23
"Under capitalism, man exploits man. Under communism, it's just the opposite."
23
"Population, when unchecked, increases in a geometrical ratio."
23
"By far the greatest part of those goods which are the objects of desire, are procured by labour; and they may be multiplied, not in one country alone, but in many, almost without any assignable limit, if we are disposed to bestow the labour necessary to obtain them."
22
"We have escapist fiction, so why not escapist biography?"
22
"Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom."
22
"If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days."
22
"When the National Security Agency recruited me, they put me through a day of lie detector tests. They found out all my weaknesses and immediately seduced me. They used the strongest drugs in our culture, sex, power and money, to win me over."
22
"Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless."
22
"The first value of money was clearly the value which the goods used as money possessed (thanks to their suitability for satisfying human wants in other ways) at the moment when they were first used as common media of exchange."
22
"It came as a surprise to find that a professional society and journal (Econometrica) were flourishing, and I entered this area of study with great enthusiasm."
22
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