Quotes by Economist | Beyond Motive 4/40

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Quotes by Economist

"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."

"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."

Pierre-Joseph Proudhon, French Economist

Politics, Communism, Danger, Excellence, Exploitation

14

"It may be said, let him take Money at Interest, and not buy at Time. But then Men must be found, that will lend; the Legislative must provide a Fund to borrow upon."

"It may be said, let him take Money at Interest, and not buy at Time. But then Men must be found, that will lend; the Legislative must provide a Fund to borrow upon."

Dudley North, English Economist

Man, Men, Money, Time, Interest

14

"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."

"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."

John Hull, American Economist

Challenge, Interest, Value

14

"We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much."

"We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much."

John Kenneth Galbraith, American Economist

Money, Doctrine, Poor

14

"The great and unlooked for discoveries that have taken place of late years have all concurred to lead many men into the opinion that we were touching on a period big with the most important changes."

"The great and unlooked for discoveries that have taken place of late years have all concurred to lead many men into the opinion that we were touching on a period big with the most important changes."

Thomas Malthus, English Economist

Man, Men, Opinion, Years

14

"One rich Man hath Lands, not only more than he can manage, but so much, that letting them out to others, he is supplied with a large over-plus, so needs no farther care."

"One rich Man hath Lands, not only more than he can manage, but so much, that letting them out to others, he is supplied with a large over-plus, so needs no farther care."

Dudley North, English Economist

Care, Man, Needs

14

"The histories of mankind are histories only of the higher classes."

"The histories of mankind are histories only of the higher classes."

Thomas Malthus, English Economist

14

"Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated."

"Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated."

Thomas Sowell, American Economist

Money, Society, Knowledge, Information

14

"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."

"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."

Pierre-Joseph Proudhon, French Economist

Politics, Communism, Exploitation, Inequality, Property

14

"Cinema explains American society. It's like a Western, with good guys and bad guys, where the weak don't have a place."

"Cinema explains American society. It's like a Western, with good guys and bad guys, where the weak don't have a place."

Jacques Delors, French Economist

Society, American, Cinema

14

"We all agree that pessimism is a mark of superior intellect."

"We all agree that pessimism is a mark of superior intellect."

John Kenneth Galbraith, American Economist

Philosophy, Pessimism, Intellect

14

"With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches."

"With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches."

Adam Smith, Scottish Economist

People, Enjoyment

14

"No sociologist should think himself too good, even in his old age, to make tens of thousands of quite trivial computations in his head and perhaps for months at a time."

"No sociologist should think himself too good, even in his old age, to make tens of thousands of quite trivial computations in his head and perhaps for months at a time."

Max Weber, German Economist

Time, Age, Months, Old

14

"My record at the University of California as an undergraduate was mediocre to say the best."

"My record at the University of California as an undergraduate was mediocre to say the best."

Douglass North, American Economist

Study, University

14

"Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm."

"Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm."

Merton Miller, American Economist

14

"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?"

"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?"

Gary Becker, American Economist

Man, Men, Women, Work, Children

14

"In this country, the health concerns and the environmental concerns are as deep as in Europe. All the surveys show that. But here, we didn't have the cultural dimension. This is a fast-food culture."

"In this country, the health concerns and the environmental concerns are as deep as in Europe. All the surveys show that. But here, we didn't have the cultural dimension. This is a fast-food culture."

Jeremy Rifkin, American Economist

Environment, Environmental, Health, Country, Culture

14

"It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office."

"It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office."

Paul Samuelson, American Economist

14

"Manners and politeness will never become old-fashioned."

"Manners and politeness will never become old-fashioned."

Auliq Ice, Ugandan Economist

Manners, Politeness, Respect, Courtesy

14

"Having confidence in your obedience, offers yourself confidence and love."

"Having confidence in your obedience, offers yourself confidence and love."

Auliq Ice, Ugandan Economist

Faith, Confidence, Obedience, Love, Self

14

"Ignorance is an evil weed, which dictators may cultivate among their dupes, but which no democracy can afford among its citizens."

"Ignorance is an evil weed, which dictators may cultivate among their dupes, but which no democracy can afford among its citizens."

William Beveridge, English Economist

Democracy, Dictators, Evil, Ignorance

14

"Every desire has it's own demand and a price to pay."

"Every desire has it's own demand and a price to pay."

Auliq Ice, Ugandan Economist

Desire, Effort, Ambition, Struggle

13

"Becoming successful is a rough journey that carries pain and requires perseverance."

"Becoming successful is a rough journey that carries pain and requires perseverance."

Auliq Ice, Ugandan Economist

Success, Journey, Pain, Perseverance

13

"Any informed borrower is simply less vulnerable to fraud and abuse."

"Any informed borrower is simply less vulnerable to fraud and abuse."

Alan Greenspan, American Economist

13

"Modesty is a vastly overrated virtue."

"Modesty is a vastly overrated virtue."

John Kenneth Galbraith, American Economist

Virtue, Modesty

13

"When you feel a weak moment coming on, the key is self-control."

"When you feel a weak moment coming on, the key is self-control."

Auliq Ice, Ugandan Economist

Discipline, Weakness, Self-Control, Strength, Resilience

13

"The superior power of population cannot be checked without producing misery or vice."

"The superior power of population cannot be checked without producing misery or vice."

Thomas Malthus, English Economist

Power, Misery, Population, Vice

13

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

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

Robert Reich, American Economist

13

"The friend of the present order of things condemns all political speculations in the gross."

"The friend of the present order of things condemns all political speculations in the gross."

Thomas Malthus, English Economist

Friendship, Friend, Order, Present

13

"I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible."

"I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible."

Milton Friedman, American Economist

Circumstance, Circumstances, Reason, Taxes

13

"Only he has the calling for politics who is sure that he will not crumble when the world from his point of view is too stupid or base for what he wants to offer. Only he who in the face of all this can say In spite of all! has the calling for politics."

"Only he has the calling for politics who is sure that he will not crumble when the world from his point of view is too stupid or base for what he wants to offer. Only he who in the face of all this can say In spite of all! has the calling for politics."

Max Weber, German Economist

Politics, Will, World

13

"A writer may tell me that he thinks man will ultimately become an ostrich. I cannot properly contradict him."

"A writer may tell me that he thinks man will ultimately become an ostrich. I cannot properly contradict him."

Thomas Malthus, English Economist

Man, May, Will, Writer

13

"One can say that three pre-eminent qualities are decisive for the politician: passion, a feeling of responsibility, and a sense of proportion."

"One can say that three pre-eminent qualities are decisive for the politician: passion, a feeling of responsibility, and a sense of proportion."

Max Weber, German Economist

Emotional, Feeling, Passion, Responsibility, Sense

13

"Globalization was a deep trend pushed by technology and right ideas, as much as anything else."

"Globalization was a deep trend pushed by technology and right ideas, as much as anything else."

Jeffrey Sachs, American Economist

Technology, Ideas, Deep, Globalization

13

"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."

"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."

Alfred Marshall, English Economist

Change, Money, Power, Time

13

"Make every day count, because you're never promised a next day."

"Make every day count, because you're never promised a next day."

Auliq Ice, Ugandan Economist

Moment, Day, Future, Life, Promise

13

"Most of the energy of political work is devoted to correcting the effects of mismanagement of government."

"Most of the energy of political work is devoted to correcting the effects of mismanagement of government."

Milton Friedman, American Economist

Government, Work, Energy

13

"Wealth, in even the most improbable cases, manages to convey the aspect of intelligence."

"Wealth, in even the most improbable cases, manages to convey the aspect of intelligence."

John Kenneth Galbraith, American Economist

Intelligence, Wealth

13

"One cannot with impunity try to transfer this task entirely to mechanical assistants if one wishes to figure something, even though the final result is often small indeed."

"One cannot with impunity try to transfer this task entirely to mechanical assistants if one wishes to figure something, even though the final result is often small indeed."

Max Weber, German Economist

Result, Wishes, American

13

"Hell hath no fury like a bureaucrat scorned."

"Hell hath no fury like a bureaucrat scorned."

Milton Friedman, American Economist

13

"My problem is how to find the best way of being useful."

"My problem is how to find the best way of being useful."

Jacques Delors, French Economist

13

"Your most precious possession is not your financial assets. Your most precious possession is the people you have working there, and what they carry around in their heads, and their ability to work together."

"Your most precious possession is not your financial assets. Your most precious possession is the people you have working there, and what they carry around in their heads, and their ability to work together."

Robert Reich, American Economist

Work, People, Financial, Ability

13

"Funeral by funeral, theory advances."

"Funeral by funeral, theory advances."

Paul Samuelson, American Economist

13

"Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad."

"Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad."

Paul A. Volcker, American Economist

Personal, Countries

13

"That some are poorer than others, ever was and ever will be: And that many are naturally querulous and envious, is an Evil as old as the World."

"That some are poorer than others, ever was and ever will be: And that many are naturally querulous and envious, is an Evil as old as the World."

William Petty, English Economist

Evil, Old, Will, World

13

"Economic advance is not the same thing as human progress."

"Economic advance is not the same thing as human progress."

John Clapham, English Economist

13

"Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response."

"Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response."

Larry Summers, American Economist

Finance, Financial, Crisis, Wrong

13

"All successful revolutions are the kicking in of a rotten door."

"All successful revolutions are the kicking in of a rotten door."

John Kenneth Galbraith, American Economist

Success, Successful

13

"I do not know that any writer has supposed that on this earth man will ultimately be able to live without food."

"I do not know that any writer has supposed that on this earth man will ultimately be able to live without food."

Thomas Malthus, English Economist

Food, Earth, Man, Will

13

"It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."

"It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."

Larry Summers, American Economist

Globalization, Day, Economy, Events, Now

13

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