Quotes of Economics

“ An economist is a man who states the obvious in terms of the incomprehensible. ”

- Alfred A. Knopf

“ Acts of sacrifice and decency without regard to what's in it for you create ripple effects. Ones that lift up families and communities, that spread opportunity and boost our economy. ”

- Barack Obama

“ There can be no real individual freedom in the presence of economic insecurity. ”

- Chester Bowles

“ If all economists were laid end to end, they would not reach a conclusion. ”

- George Bernard Shaw

“ Economics is extremely useful as a form of employment for economists. ”

- John Kenneth Galbraith

“ Isn't it interesting that the same people who laugh at science fiction listen to weather forecasts and economists? ”

- Kelvin Throop III

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

- Laurence J. Peter

“ Socialism failed because it couldn't tell the economic truth; capitalism may fail because it couldn't tell the ecological truth. ”

- Lester Brown

“ An economist is a surgeon with an excellent scalpel and a rough-edged lancet, who operates beautifully on the dead and tortures the living. ”

- Nicholas Chamfort

“ In all recorded history there has not been one economist who has had to worry about where the next meal would come from. ”

- Peter Drucker

“ There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers. ”

- Richard Feynman

“ Ask five economists and you'll get five different explanations six if one went to Harvard. ”

- Edgar R. Fiedler

“ An economist's guess is liable to be as good as anybody else's. ”

- Will Rogers

“ Economics is extremely useful as a form of employment for economists. ”

- John Kenneth Galbraith

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

- Doug Horton

“ Money talks...but all mine ever says is good-bye. ”

- Unknown

“ In economics the majority is always wrong. ”

- John Kenneth Galbraith

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

- John Kenneth Galbraith

“ Religion and art spring from the same root and are close kin. Economics and art are strangers. ”

- Willa Cather

“ The essence of wealth is the capacity to control the forces of nature, and the extent of wealth depends upon the level of technology and the ability to create new knowledge. ”

- Julian Simon

“ Out of the agony and travail of economic America the Committee for Industrial Organization was born. ”

- John L. Lewis

“ Economics is not about things and tangible material objects; it is about men, their meanings and actions. ”

- Ludwig von Mises

“ I made my money by selling too soon. ”

- Bernard Baruch

“ Whoever originated the cliche that money is the root of all evil knew hardly anything about the nature of evil and very little about human beings. ”

- Eric Hoffer

“ The principles applied in economic processes are general social principles. ”

- Thomas Sowell

“ Every few seconds it changes - up an eighth, down an eighth -it's like playing a slot machine. I lose $20 million, I gain $20 million. ”

- Ted Turner

“ He who lives by the crystal ball soon learns to eat ground glass. ”

- Edgar R. Fiedler

“ Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and power to consummate their entrepreneurial ideas. ”

- George Gilder

“ The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity. ”

- Thomas Sowell

“ What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you. ”

- Ludwig von Mises
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