All Quotes

Economic progress, in capitalist society, means turmoil.
‐‐ Joseph A. Schumpeter

Economic recovery begins with our small businesses.
‐‐ Sam Graves

Economic sanctions rarely achieve the desired results.
‐‐ Omar Bongo

Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category.
‐‐ Ben Bernanke

Economic success without accountability and social inclusion is not sustainable, and new governments often must face tough choices in order to protect the poor and vulnerable.
‐‐ Sri Mulyani Indrawati

Economic systems rise and fall just like empires. That's the kind of perspective we need to take if we hope to prosper for centuries rather than for the next quarter.
‐‐ Annalee Newitz

Economic theory dictates that the value of a company is basically the present value of its future profits. To estimate Facebook's value through its future profits, we need to have a view on its user growth and how this will evolve in the next 10 to 50 years.
‐‐ Didier Sornette

Economically considered, war and revolution are always bad business.
‐‐ Ludwig von Mises

Economically, it's more expensive to make movies. I hope digital movies change that.
‐‐ Ang Lee

Economically, long-term joblessness means fewer dollars for consumption. For deficit control, it means fewer taxpayers contributing to government revenues and tens of billions more spent on unemployment insurance.
‐‐ Nina Easton

Economically, unfair trade will benefit nobody in the long run, as poorer countries will be bled totally dry and will become unable to produce anything.
‐‐ Chris Martin

Economics as currently presented in textbooks and taught in the classroom does not have much to do with business management, and still less with entrepreneurship.
‐‐ Ronald Coase

Economics evolved as a more moral and more egalitarian approach to policy than prevailed in its surrounding milieu. Let's cherish and extend that heritage. The real contributions of economics to human welfare might turn out to be very different from what most people - even most economists - expect.
‐‐ Tyler Cowen

'Economics for Everybody' begins with understanding God's principles for organizing His creation and what that means for us as creatures and stewards.
‐‐ R. C. Sproul

Economics has become as riveting as politics.
‐‐ Tina Brown

Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
‐‐ Ben Bernanke

Economics has never been a science - and it is even less now than a few years ago.
‐‐ Paul Samuelson

Economics has paid a terrible price for its dalliances with the Keynesian and neoclassical theories.
‐‐ Edmund Phelps

Economics has revealed a great truth about the natural law of human interaction: that not only is production essential to man's prosperity and survival, but so also is exchange.
‐‐ Murray Rothbard

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.
‐‐ Dale T. Mortensen

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.
‐‐ John Kenneth Galbraith

Economics is a subject that does not greatly respect one's wishes.
‐‐ Nikita Khrushchev

Economics is about creating win-win situations. But in sports, someone loses.
‐‐ Stan Kroenke

Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.
‐‐ Adam Davidson

Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.
‐‐ Tyler Cowen

Economics is extremely useful as a form of employment for economists.
‐‐ John Kenneth Galbraith

Economics is half psychology and half Grade Three arithmetic, and the U.S. does not now have either half right.
‐‐ Conrad Black

Economics is mostly how humans rationalize who gets what and why. It's how we instantiate our preferences about status, privileges, and power.
‐‐ Nick Hanauer

Economics is not a discipline that comes to correct answers - economies are too complex.
‐‐ Adam Davidson

Economics is not brain surgery.
‐‐ Ben Carson

Economics is sometimes associated with the study and defense of selfishness and material inequality, but it has an egalitarian and civil libertarian core that should be celebrated.
‐‐ Tyler Cowen

Economics is uncertain because its fundamental subject matter is not money but human action. That's why economics is not the dismal science, it's no science at all.
‐‐ Julian Baggini

Economics make homeopath and alternative healers look empirical and scientific.
‐‐ Nassim Nicholas Taleb

Economics, politics, and personalities are often inseparable.
‐‐ Charles Edison

Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or more accurately a set of overlapping and squabbling faiths, each with its own doctrines.
‐‐ Alex Berenson

Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry.
‐‐ Ha-Joon Chang

Economics works great for planning your life when you don't have a work passion, since we tend to assume that your job delivers only money and you trade off job hours with leisure hours. If you think your job will just be a job, pick one that pays well per hour and leaves you some time off, even if the activity of the job is boring.
‐‐ Emily Oster

Economies are complex beasts that need people to do an extraordinary range of tasks.
‐‐ Geoff Mulgan

Economies are embedded inside ecosystems. Companies dependent on tourism, for example, are affected by low rainfall - there's less snow for skiers, and forest fires are more intense.
‐‐ Paolo Bacigalupi

Economies are risky. Some industries rise, and others implode, like housing. Some places get richer, and others drop, like Atlantic City. Some people get new jobs that pay better, many lose their jobs or their wages.
‐‐ Robert Reich

Economies of scale are a good thing. If we didn't have them, we'd still be living in tents and eating buffalo.
‐‐ Jamie Dimon

Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it.
‐‐ Eugene Fama

Economists actually disagree about whether there are significant economic returns from attending an elite college versus a less-selective one.
‐‐ Emily Oster

Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree.
‐‐ Franco Modigliani

Economists are coming to acknowledge that measures of national wealth and poverty in terms strictly of average income tell you little that is significant of the health or viability of a society.
‐‐ Rowan Williams

Economists at the National Bureau of Economic Research and University of Chicago persuasively argue that one of the biggest reasons for the nation's current obesity epidemic is that food is now so much cheaper and easier to prepare.
‐‐ Charles Duhigg

Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.
‐‐ Edward C. Prescott

Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can.
‐‐ Tim Harford

Economists have put themselves in a position where what they are doing is supposed to be impossible to understand for outsiders, so they don't even talk - sometimes not even with their girlfriend or boyfriend or friends - about what they are doing.
‐‐ Thomas Piketty