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Quotes by Economist

"In a recent decision of the Supreme Court, not made, however, by the full court, and concurred in by only four justices, it was held that the seller of a patented mimeograph could bind the purchaser to use only his ink in the machine, though the ink was not patented."

"If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment."

"As the revenue of the farmer is realized in raw produce, or in the value of raw produce, he is interested, as well as the landlord, in its high exchangeable value, but a low price of produce may be compensated to him by a great additional quantity."

"Unfortunately, the real focus in this country has not been on the rest of the world. It's been on our own issues and our own problems. Fair enough. But it means that our simple hopes that everything will just work out abroad aren't really coming to pass."


"The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself."

"If the demand for home commodities should be diminished, because of the fall of rent on the part of the landlords, it will be increased in a far greater degree by the increased opulence of the commercial classes."


"In any great organization it is far, far safer to be wrong with the majority than to be right alone."

"The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view."

"The completion of my undergraduate training at the University of California (Berkeley) provided just the needed touches of rigor at advanced levels in both economics and mathematics."

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

"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."

"Writing is no trouble: you just jot down ideas as they occur to you. The jotting is simplicity itself - it is the occurring which is difficult."

"Population, when unchecked, goes on doubling itself every 25 years or increases in a geometrical ratio."


"Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects."

"The addiction to sports, therefore, in a peculiar degree marks an arrested development in man's moral nature."

"All labour is directed towards producing some effect."


"The printing press is either the greatest blessing or the greatest curse of modern times, sometimes one forgets which it is."

"To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills."

"Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late."

"The largest party in America, by the way, is neither the Democrats nor the Republicans. It's the party of non-voters."

"The more a person learns how to use the forces of nature for his own purposes, by means of perfecting the sciences and the invention and improvement of machines, the more he will produce."

"Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support."


"Total physical and mental inertia are highly agreeable, much more so than we allow ourselves to imagine. A beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt. It is now the only place in our overly active world that does."

"On the way from Chicago, I spent the summer of 1947 in Ottawa, helping to build the first of a series of econometric models for the Canadian government."


"Politics is the art of choosing between the disastrous and the unpalatable."

"The countries that share this conception should be able to go further together, without excluding the others, since they can still live in a greater community of exchange and co-operation."

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