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Quotes by Economist
"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."
Luck,
46
"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."
45
"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."
45
"The superior power of population cannot be checked without producing misery or vice."
45
"We need, in effect, to make the phantom 'lock-boxes' around the trust fund real."
45
"Adventure upon all the tickets in the lottery, and you lose for certain; and the greater the number of your tickets the nearer your approach to this certainty."
45
"Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom."
45
"It certainly was difficult to sell NAFTA because it's always difficult to sell open markets."
45
"Never let an inventor run a company. You can never get him to stop tinkering and bring something to market."
45
"Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless."
45
"Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support."
45
"I work for a Government I despise for ends I think criminal."
45
"The classics are only primitive literature. They belong to the same class as primitive machinery and primitive music and primitive medicine."
45
"The constant effort towards population, which is found even in the most vicious societies, increases the number of people before the means of subsistence are increased."
45
"What the war did was give me the opportunity of three years of continuous reading, and it was in the course of reading that I became convinced that I should become an economist."
45
"The law-abiding citizen by his labor serves both himself and his fellow man and thereby integrates himself peacefully into the social order. The robber, on the other hand, is intent, not on honest toil, but on the forcible appropriation of the fruits of others' labor."
45
"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."
45
"If a man were living in isolation his income would be literally his product. Make him the monarch and owner of an island, and the fruits that he raises and the clothing that he makes constitute, in themselves, his income. This ceases to be true when trading begins."
45
"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."
44
"Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates."
44
"And this thesis is somewhat connected with general social and political observations, because it establishes the fact that the number of consumers is considerably larger than the number of producers, a fact which exercises a not inconsiderable social and political pressure."
44
"There are few things more dishonorable than misleading the young."
44
"The power to do good is also the power to do harm."
44
"The friend of the present order of things condemns all political speculations in the gross."
44
"It is obvious, moreover, that the formation of price in capitalist society must differ from the formation of price in social conditions based upon the simple production of commodities."
44
"Most of the energy of political work is devoted to correcting the effects of mismanagement of government."
44
"I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University."
44
"All labour is directed towards producing some effect."
44
"The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of social labor. It would introduce into distribution a genuinely arbitrary element, with a very large ultimate power to pervert the natural system."
44
"Power is not something that can be assumed or discarded at will like underwear."
44
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