Quotes by Economist | Beyond Motive 5/40

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Quotes by Economist

"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

20

"Most men love money and security more, and creation and construction less, as they get older."

"Most men love money and security more, and creation and construction less, as they get older."

John Maynard Keynes, English Economist

Love, Men, Money, Creation

20

"There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished."

"There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished."

John Kenneth Galbraith, American Economist

Diplomacy, Nothing, Rules

20

"Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs."

"Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs."

Alan Greenspan, American Economist

Economy, Foreigners, Jobs, Will

20

"One man's opportunism is another man's statesmanship."

"One man's opportunism is another man's statesmanship."

Milton Friedman, American Economist

Man, Statesmanship

20

"Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes."

"Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes."

Milton Friedman, American Economist

Knowledge, Ideas, Values, Athletes

20

"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

20

"In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof."

"In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof."

John Kenneth Galbraith, American Economist

People, Choice, Mind, Proof

20

"I had hoped to go to law school, but the war started, and because of the strong feeling that I did not want to kill anybody, I joined the Merchant Marine when I graduated from Berkeley."

"I had hoped to go to law school, but the war started, and because of the strong feeling that I did not want to kill anybody, I joined the Merchant Marine when I graduated from Berkeley."

Douglass North, American Economist

War, Feeling, Law, School

20

"Yes, the European model remains superior to that of America and Japan."

"Yes, the European model remains superior to that of America and Japan."

Jacques Delors, French Economist

Nation, America

20

"There are two things in ordinary conversation which ordinary people dislike - information and wit."

"There are two things in ordinary conversation which ordinary people dislike - information and wit."

Stephen Leacock, Canadian Economist

Attitude, People, Conversation, Information, Wit

20

"When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do."

"When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do."

Paul A. Volcker, American Economist

Thought, People, Fact, Inflation

20

"It is an acknowledged truth in philosophy that a just theory will always be confirmed by experiment."

"It is an acknowledged truth in philosophy that a just theory will always be confirmed by experiment."

Thomas Malthus, English Economist

Truth, Philosophy, Theory, Will

20

"The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters."

"The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters."

James Tobin, American Economist

Cause, Causes, Depression, Disasters

20

"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

20

"Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production."

"Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production."

David Ricardo, British Economist

Agriculture, Production

20

"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

20

"Experience alone can give a final answer. The knowledge gained in a few years by a commission of the kind suggested would be worth more than volumes of mere assertions and contradictions."

"Experience alone can give a final answer. The knowledge gained in a few years by a commission of the kind suggested would be worth more than volumes of mere assertions and contradictions."

John Bates Clark, American Economist

Experience, Knowledge, Worth, Years

20

"We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners."

"We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners."

John Hull, American Economist

Giving, Research

20

"Our moral traditions developed concurrently with our reason, not as its product."

"Our moral traditions developed concurrently with our reason, not as its product."

Friedrich August von Hayek, Austrian Economist

Reason, Traditions

20

"The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist."

"The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist."

George Stigler, American Economist

Behavior, Challenge, Competition, Cooperation

20

"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

20

"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

20

"It was the biggest inflation and the most sustained inflation that the United States had ever had."

"It was the biggest inflation and the most sustained inflation that the United States had ever had."

Paul A. Volcker, American Economist

Economy, Inflation, States, United

20

"I think it will be found that experience, the true source and foundation of all knowledge, invariably confirms its truth."

"I think it will be found that experience, the true source and foundation of all knowledge, invariably confirms its truth."

Thomas Malthus, English Economist

Experience, Truth, Knowledge, Will

20

"Well, I make a practice of not commenting on the role of the relative exchange value of our currency."

"Well, I make a practice of not commenting on the role of the relative exchange value of our currency."

John W. Snow, American Economist

Practice, Value

20

"I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any obvious patterns in the data, but we couldn't see any."

"I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any obvious patterns in the data, but we couldn't see any."

Merton Miller, American Economist

Finance, Work, Class, Obvious

20

"The silent majority really is a liberal majority, even though the word liberal has taken a real beating over the last 20 years by radical conservatives."

"The silent majority really is a liberal majority, even though the word liberal has taken a real beating over the last 20 years by radical conservatives."

Robert Reich, American Economist

Liberal, Majority, Radical, Word

20

"Courage injures the strong ones who have no wisdom, but it motivates the brave ones, to always win."

"Courage injures the strong ones who have no wisdom, but it motivates the brave ones, to always win."

Auliq Ice, Ugandan Economist

Courage, Wisdom, Strength, Motivational

20

"As soon, however, as capitalist competition has definitively established the equal rate of profit, that rate becomes the starting point for the calculations of the capitalists in the investment of capital in newly-created branches of production."

"As soon, however, as capitalist competition has definitively established the equal rate of profit, that rate becomes the starting point for the calculations of the capitalists in the investment of capital in newly-created branches of production."

Rudolf Hilferding, Austrian Economist

Calculations, Competition, Investment, Production

20

"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."

"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."

John Maynard Keynes, English Economist

Wealth, Inflation

20

"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

20

"The presentation of the Golden Badge of the Movement is the highest honor the Third Reich has to offer."

"The presentation of the Golden Badge of the Movement is the highest honor the Third Reich has to offer."

Hjalmar Schacht, German Economist

20

"I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can't do it constantly, unless you're willing to put the resources in."

"I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can't do it constantly, unless you're willing to put the resources in."

Merton Miller, American Economist

20

"So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system."

"So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system."

Milton Friedman, American Economist

History, People

19

"No matter the terrible fighting and shooting in the desert, the riffle fires can never dry the oasis."

"No matter the terrible fighting and shooting in the desert, the riffle fires can never dry the oasis."

Auliq Ice, Ugandan Economist

Resilience, War, Hope, Endurance, Conflict

19

"With your laugh my sorrows are relieved, with your love I forget about my problems, and by your side everything is better."

"With your laugh my sorrows are relieved, with your love I forget about my problems, and by your side everything is better."

Auliq Ice, Ugandan Economist

Love, Sorrow, Problem, Life

19

"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

19

"There are few things more dishonorable than misleading the young."

"There are few things more dishonorable than misleading the young."

Thomas Sowell, American Economist

Youth, Misleading

19

"It takes considerable knowledge just to realize the extent of your own ignorance."

"It takes considerable knowledge just to realize the extent of your own ignorance."

Thomas Sowell, American Economist

Knowledge, Ignorance

19

"Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all the outgoings belonging to the cultivation of land, are together equal to the value of the whole produce, there can be no rent."

"Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all the outgoings belonging to the cultivation of land, are together equal to the value of the whole produce, there can be no rent."

David Ricardo, British Economist

19

"I have never known much good done by those who affected to trade for the public good."

"I have never known much good done by those who affected to trade for the public good."

Adam Smith, Scottish Economist

19

"The power to do good is also the power to do harm."

"The power to do good is also the power to do harm."

Milton Friedman, American Economist

19

"Each pursues his own theory, little solicitous to correct or improve it by an attention to what is advanced by his opponents."

"Each pursues his own theory, little solicitous to correct or improve it by an attention to what is advanced by his opponents."

Thomas Malthus, English Economist

Attention, Opponents, Theory

19

"The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it."

"The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it."

Thomas J. Sargent, American Economist

Expectation, Expectations, First

19

"Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does."

"Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does."

Paul Samuelson, American Economist

Business, Europe, Logic, States, United

19

"No complaint... is more common than that of a scarcity of money."

"No complaint... is more common than that of a scarcity of money."

Adam Smith, Scottish Economist

Money, Complaint

19

"The people made worse off by slavery were those who were enslaved. Their descendants would have been worse off today if born in Africa instead of America. Put differently, the terrible fate of their ancestors benefitted them."

"The people made worse off by slavery were those who were enslaved. Their descendants would have been worse off today if born in Africa instead of America. Put differently, the terrible fate of their ancestors benefitted them."

Thomas Sowell, American Economist

People, America, Fate, Slavery

19

"Roosevelt talked not only about Freedom from Fear, but also Freedom from Want."

"Roosevelt talked not only about Freedom from Fear, but also Freedom from Want."

Jeffrey Sachs, American Economist

Fear, Freedom, Want

19

"During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers."

"During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers."

Lawrence R. Klein, American Economist

Selling, Public, Research, Support

19

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