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Quotes by Economist
"We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy."
17
"A half truth, like half a brick, is always more forcible as an argument than a whole one. It carries better."
17
"In comparing therefore the value of the same commodity, at different periods of time, the consideration of the comparative skill and intensity of labour, required for that particular commodity, needs scarcely to be attended to, as it operates equally at both periods."
17
"The industry's not stupid. The industry knows that if those foods are labeled "genetically engineered," the public will shy away and won't take them."
17
"Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest."
17
"There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting."
17
"But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities."
17
"Liberalism is totalitarianism with a human face."
17
"For me, our beaches have always been a source of personal inspiration."
17
"The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods."
17
"Columbus did not seek a new route to the Indies in response to a majority directive."
17
"Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know something the market doesn't."
17
"History has not dealt kindly with the aftermath of protracted periods of low risk premiums."
17
"It is said, that in Holland Interest is lower than in England."
17
"All successful revolutions are the kicking in of a rotten door."
17
"We all agree that pessimism is a mark of superior intellect."
17
"Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation."
17
"Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles."
17
"As far as the international issues are concerned, the most important thing is the state of the transatlantic relationships, Euro-Atlantic relationships: how to develop them and how to strengthen them further."
17
"With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches."
17
"What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life."
17
"We often go through life with blinders on. Not always because we refuse to see what is obvious or that we're too lazy or fearful to look very deeply, but because we don't know to look where we don't know something has been neglected."
17
"The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending."
17
"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."
17
"Under bilateral competition, market-price is determined within a range whose upper limit is set by the valuations of the lowest bidder among the actual buyers and the highest offerer among the excluded would-be sellers, and whose lower limit is set by the valuations of the lowest offerer among the actual sellers and the highest bidder among the excluded would-be buyers."
17
"For economist the real world is often a special case."
17
"To recapitulate: the exchange-ratio subsisting between commodities and money is everywhere the same. But men and their wants are not everywhere the same, and neither are commodities. Only if these distinctions are ignored is it possible to speak of local differences in the purchasing power of money or to say that living is dearer in one place than in another."
17
"It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country."
17
"The State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in it."
17
"By 'the objective exchange-value of money' we are accordingly to understand the possibility of obtaining a certain quantity of other economic goods in exchange for a given quantity of money, and by 'the price of money' this actual quantity of other goods."
17
"So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It's an empire. There's no two ways about it. It's a huge empire. It's been extremely successful."
16
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