[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics — Ludwig von Mises
Financial history is the most important thing to study for anyone seeking to avoid the mistakes of the past. — Russell Napier
Political Economy or Economics is a study of mankind in the ordinary business of life. — Alfred Marshall
To understand markets, you must first understand people; and to understand people, you must first understand history. — Russell Napier
History shows that where ethics and economics come in conflict, victory is always with economics. — B. R. Ambedkar
Money plays the largest part in determining the course of history. — Karl Marx
The close relationship between politics and economics is neither neutral nor coincidental. Large governments evolve through history in order to protect large accumulations of property and wealth. — Michael Parenti
Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study. — John Kenneth Galbraith
History shows that you cannot insulate yourself from the consequences of other people having a stronger currency than yours. — Saifedean Ammous
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. — Friedrich August von Hayek
Economics, as it has emerged, can be made more productive by paying greater and more explicit attention to the ethical considerations that shape human behaviour and judgment. — Amartya Sen
History is a tragedy, not a morality tale. — I. F. Stone
History is on every occasion the record of that which one age finds worthy of note in another. — Jacob Burckhardt
Yesterday is history, tomorrow is a mystery, but today is a gift. That's why we call it present.
Social History Quotes
I can prophecy that your grandchildren in America will live under socialism -- Our firm conviction is that sooner or later Capitalism will give way to Socialism. Whether you like it or not, history is on our side. We will bury you. — Nikita Khrushchev
It is the intense spirituality of India, and not any great political structure or social organisation that it has developed, that has enabled it to resist the ravages of time and the accidents of history. — Sarvepalli Radhakrishnan
My father was a slave and my people died to build this country and I am going to stay here and have a part of it just like you. — Paul Robeson
Yesterday is a history; Tomorrow a mystery; Today is a gift; That's why we call it the present
Nothing could be worse than the fear that one had given up too soon, and left one unexpended effort that might have saved the world. — Jane Addams
A pessimist is one who makes difficulties of his opportunities and an optimist is one who makes opportunities of his difficulties. — Harry S. Truman
I am America. I am the part you won't recognize. But get used to me. Black, confident, cocky; my name, not yours; my religion, not yours; my goals, my own; get used to me. — Muhammad Ali
Don’t let your history interfere with your destiny.
History will have to record that the greatest tragedy of this period of social transition was not the strident clamor of the bad people, but the appalling silence of the good people. — Martin Luther King, Jr.
Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. — Dwight D. Eisenhower
History shows us that the people who end up changing the world - the great political, social, scientific, technological, artistic, even sports revolutionaries - are always nuts, until they are right, and then they are geniuses. — John Eliot
Far from creating independent thinkers, schools have always, throughout history, played an institutional role in a system of control and coercion. And once you are well educated you have already been socialized in ways that support the power structure, which, in turn, rewards you immensely. — Noam Chomsky
Economic Development Quotes
Economic growth without investment in human development is unsustainable - and unethical. — Amartya Sen
The oil is a gift bestowed by God on the Arab nation, to use after centuries of poverty, backwardness and servitude - in raising its living standards, developing its economic, social and cultural conditions, and building up its own power to meet the challenges and conspiracies besetting it. — Saddam Hussein
Neither the military might nor the economic and technological development makes a nation great. It is made great by it's citizens with Self Respect and Integrity ingrained in their lives. — Pandurang Shastri Athavale
Those who tell the stories rule society.
...climate change is accelerating. It threatens our well being, our security, and our economic development. It will lead to uncontrollable risks and dramatic damage if we do not take resolute countermeasures. — Angela Merkel
Sustainable development is the pathway to the future we want for all. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship and strengthen governance. — Ban Ki-moon
This will enable us to catalyse green transition in the course of economic development and achieve greater development through green transition. — Xi Jinping
Live out of your imagination, not your history.
We will become a global advocate for rainforest preservation and marine restoration. We will rethink development policies that promised economic growth while ignoring ecological sustainability, and ended up delivering neither. — Robert F. Kennedy, Jr.
Development is about transforming the lives of people, not just transforming economies. — Joseph Stiglitz
It will bring financial inclusion, investment, tourism, innovation and economic development for our country. — Nayib Bukele
The solution is to first create an integrated economic development and recreation plan that addresses the needs of the people who live and recreate in central Idaho. — Michael K. Simpson
History fails to record a single precedent in which nations subject to moral decay have not passed into political and economic decline. There has been either a spiritual awakening to overcome the moral lapse or a progressive deterioration leading to ultimate national disaster. — Douglas MacArthur
Of the people, by the people, for the people. — Sun Yat-sen
In the course of history periods of capitalism and socialism alternate with one another; capitalism is the unnatural, socialism the natural economic system... The National Socialists and the Red Front have the same aspirations. The Jews falsified the Revolution in the form of Marxism and that failed to bring fulfilment. — Heinrich Himmler
Communism and socialism is [sic] seductive. It promises us that people will contribute according to ability and receive according to needs. Everybody is equal. Everybody has a right to decent housing, decent food and affordable medical care. History should have taught us that when we hear people talk this stuff - watch out! — Walter E. Williams
Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder. — John F. Kennedy
Yesterday is history, tomorrow is mystery, today is a gift.
1. God is real. 2. There are two genders. 3. Human flourishing requires fossil fuels. 4. Reverse racism is racism. 5. An open border is no border. 6. Parents determine the education of their children. 7. The nuclear family is the greatest form of governance known to mankind. 8. Capitalism lifts people up from poverty. 9. There are three branches of the U.S. government, not four. 10. The U.S. Constitution is the strongest guarantor of freedoms in history. — Vivek Ramaswamy
History has shown that governments will inevitably succumb to the temptation to inflate the money supply. Whether because of outright corruption, a 'national emergency' or an infestation of inflationary schools of economics, the government will always find a reason and a way to print more money, expanding the government's power and reducing the wealth of currency holders. — Saifedean Ammous
The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history. — Lawrence Summers
History, sociology, economics, psychology et al. confirmed Joyce's view of Everyman as victim. — Robert Anton Wilson
History has a long-range perspective. It ultimately passes stern judgment on tyrants and vindicates those who fought, suffered, were imprisoned, and died for human freedom, against political oppression and economic slavery. — Elizabeth Gurley Flynn
With the economic liberation of the European peasantry came the political, scientific, intellectual, and cultural flourishing of the Italian city‐states, which later spread across the European continent. Whether in Rome, Constantinople, Florence, or Venice, history shows that a sound monetary standard is a necessary prerequisite for human flourishing, without which society stands on the precipice of barbarism and destruction. — Saifedean Ammous
We are living through one of the most fundamental shifts in history- a change in the actual belief structure of Western society. No economic, political, or military power can compare with the power of a change of mind. By deliberately changing their images of reality, people are changing the world. — Willis Harman
This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model, for the first time in human history. — Christiana Figueres
We're at unique point in history where the things that we are building are going to significantly impact our social, political, economical, and personal lives. — Anita Borg
The United States summoned representatives of its allies to Bretton Woods in New Hampshire to discuss formulating a new global trading system. History has not been very kind to the architects of this system. Britain's representative was none other than John Maynard Keynes, whose economic teachings were to be wrecked on the shores of reality in the decades following the war, while America's representative, Harry Dexter White, would later be uncovered as a Communist who was in contact with the Soviet regime for many years. — Saifedean Ammous
Our supplies of natural resources are not finite in any economic sense. Nor does past experience give reason to expect natural resources to become more scarce. Rather, if history is any guide, natural resources will progressively become less costly, hence less scarce, and will constitute a smaller proportion of our expenses in future years. — Julian Simon
Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited. — George Soros
The world has changed far more in the past 100 years than in any other century in history. The reason is not political or economic but technological-technologies that flowed directly from advances in basic science. Clearly, no scientist better represents those advances than Albert Einstein: TIME's Person of the Century. — Stephen Hawking
The economic interpretation of history does not necessarily mean that all events are determined solely by economic forces. It simply means that economic facts are the ever recurring decisive forces, the chief points in the process of history. — Eduard Bernstein
Planned parenthood" in the social history of the Western countries is, indeed, a phenomenon instrin-sically related to those very changes in peoples attitudes which, on the political plane, have been causing the trend towards economic planning. — Gunnar Myrdal
Man is a thinking being. The way he thinks is related to society, politics, economics, and history and is also related to very general and universal categories and formal structures. But thought is something other than societal relations. — Michel Foucault
This is the true lesson of our history: war, preparation for war, and foreign military interventions have served for the most part not to protect us, as we are constantly told, but rather to sap our economic vitality and undermine our civil and economic liberties. — Robert Higgs
The materialist theory of history, that all politics and ethics are the expression of economics, is a very simple fallacy indeed. It consists simply of confusing the necessary conditions of life with the normal preoccupations of life, that are quite a different thing. — Gilbert K. Chesterton
History has taught us that freedom cannot long survive unless it is based on moral foundations. You can get the economics right, but in addition liberty must be cultivated as a moral quality. — Margaret Thatcher
The United Nations has a critical role to play in promoting stability, security, democracy, human rights, and economic development. The UN is as relevant today as at any time in its history, but it needs reform. — Chuck Hagel
The best chapters in our economic history are those that embrace the many, not the few. — David Cameron
It has never been in my power to study anything, mathematics, ethics, metaphysics, gravitation, thermodynamics, optics, chemistry, comparative anatomy, astronomy, psychology, phonetics, economics, the history of science, whist, men and women, wine, metrology, except as a study of semeiotic . — Charles Sanders Peirce
People often of masterful intelligence, trained usually in law or economics or perhaps in political science, who have led their governments into disastrous decisions and miscalculations because they have no awareness whatever of the historical background, the cultural universe, of the foreign societies with which they have to deal. — Michael Howard
The genuine history of mankind is the history of ideas. It is
ideas that distinguish man from all other beings. Ideas
engender social institutions, political changes, technologi-
cal methods of production, and all that is called economic
conditions. — Ludwig von Mises
The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living. — Ludwig von Mises
A state does not simply fall apart as a result of depression... [Weimar Germany] was not destroyed by economic depression or widespread unemployment, though these naturally contributed to the atmosphere of doom, but because the Weimar Right was resolved to abolish the parliamentary state in favour of a vaguely conceived authoritarian state. — Sebastian Haffner
The existing world economic order constitutes a system of plundering and exploitation like no other in history. — Fidel Castro
Well, the questioner came from Singapore, which has perhaps the best economic record in the history of developing an economy. And therefore he referred to 15 percent per annum as modest. It's not modest, it's arrogant. — Charlie Munger
Frankly speaking, we all know that provoking military and political instability, regional, and other conflicts is a helpful means of distracting the public from growing domestic social and economic problems in certain countries. Such attempts cannot be ruled out, unfortunately. — Vladimir Putin
One must not allow oneself to skid down to isolationism and unbridled economic egoism. ... The second possible mistake would be excessive interference into the economic life of the country. And the absolute faith into the all-mightiness of the state. — Vladimir Putin
We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive redistribution. — Will Durant
There is a golden thread which runs through British history of the individual, standing firm against tyranny and then of the individual participating in his society — Gordon Brown
The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history. The rate of concentration varies (other factors being equal) with the economic freedom permitted by morals and laws. — Will Durant
The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future. — Joan Robinson
If we learn anything from the history of economic development, it is that culture makes all the difference. — David Landes
There is no such thing as a normal period of history. Normality is a fiction of economic textbooks. — Joan Robinson
The great events of history are often due to secular changes in the growth of population and other fundamental economic causes, which, escaping by their gradual character the notice of contemporary observers, are attributed to the follies of statesmen or the fanaticism of atheists . — John Maynard Keynes
In Conclusion
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