Economy And Economics Quotes

Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.

Few are sufficiently sensible of the importance of that economy in reading which selects, almost exclusively, the very first order of books. Why, except for some special reason, read an inferior book, at the very time you might be reading one of the highest order?

Ours is an age in which thousands are driven daily from their homelands by the unforgiving brutalities of war, terrorism, political oppression, starvation, disease, economic piracy, and the relentless suffocation of that singular breath which makes human beings individuals.

The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems – the problems of life and of human relations, of creation and behavior and religion.

Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence.

In economics, the majority is always wrong.

Give me a one-handed economist! All my economists say, On the one hand on the other.

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.

I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

If all the economists were laid end to end, they’d never reach a conclusion.

First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.

Nobody spends somebody else’s money as carefully as he spends his own. Nobody uses somebody else’s resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.

Economic progress, in capitalist society, means turmoil.

I would never make a good economist. You know, an economist is a man that can tell you anything about — well, he will tell you what can happen under any given condition — and his guess is liable to be as good as anybody else’s, too.