120 Economics Quotes

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Famous Economics Quotes

The less government interferes with private pursuits, the better for general prosperity. β€” Martin Van Buren

Liberalism is trust of the people tempered by prudence. Conservatism is distrust of the people tempered by fear. β€” William E. Gladstone

The ideology of capitalism makes us all into connoisseurs of liberty -- of the indefinite expansion of possibility. β€” Susan Sontag

Of all the varieties of virtues, liberalism is the most beloved. β€” Aristotle

Liberal capitalism is not at all the Good of humanity. Quite the contrary; it is the vehicle of savage, destructive nihilism. β€” Alain Badiou

Ultraliberalism today translates into a whimpering isolationism in foreign policy, a mulish obstructionism in domestic policy. β€” Spiro T. Agnew

Prosperity or egalitarianism -- you have to choose. I favor freedom -- you never achieve real equality anyway: you simply sacrifice prosperity for an illusion. β€” Mario Vargas Llosa

Structuralism argues that a liberal capitalist world economy tends to preserve or actually increase inequalities between developed and less developed economies. β€” Robert Gilpin

Liberalism is a mental disorder. β€” Michael Savage

Liberalism is the ideology of Western suicide. β€” James Burnham

Liberalism seems to be related to the distance people are from the problem. β€” Whitney M. Young

Liberalism is the transformation of mankind into cattle. β€” Friedrich Nietzsche

Underlying most arguments against the free market is a lack of belief in freedom itself. β€” Milton Friedman

Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy. β€” Franklin D. Roosevelt

The enemy of liberal capitalism today is not so much socialism as nihilism. β€” Irving Kristol

Short Economics Quotes

  • Economic growth without investment in human development is unsustainable - and unethical. β€” Amartya Sen
  • Every month that we do not have an economic recovery package 500 million Americans lose their jobs. β€” Nancy Pelosi
  • If socialists understood economics, they wouldn't be socialist. β€” Friedrich August von Hayek
  • Destroying rainforest for economic gain is like burning a Renaissance painting to cook a meal. β€” E. O. Wilson
  • I do not want India to be an economic superpower. I want India to be a happy country. β€” J. R. D. Tata
  • I hope you love birds too. It is economical. It saves going to heaven. β€” Emily Dickinson
  • Don't let anybody tell you it's corporations and businesses that create jobs. β€” Hillary Clinton
  • Of the people, by the people, for the people. β€” Sun Yat-sen
  • We cannot choose between [economic] growth and sustainability - we must have both β€” Paul Polman
  • Education remains the key to both economic and political empowerment. β€” Barbara Jordan
Economics quote We're all consumers. The consumer is not a moron; she is your wife.
We're all consumers. The consumer is not a moron; she is your wife.

Political Liberalism Quotes

It is far easier for the proverbial camel to pass through the needle's eye, hump and all, than for an erstwhile colonial administration to give sound and honest counsel of a political nature to its liberated territory. β€” Kwame Nkrumah

If you're not a liberal at twenty you have no heart, if you're not a conservative at forty, you have no brain. β€” Winston Churchill

"Freedom" in capitalist countries exists only for those who possess money and who consequently hold power. β€” Nikita Khrushchev

Economics quote Price is what you pay. Value is what you get.
Price is what you pay. Value is what you get.

It is the first responsibility of every citizen to question authority. β€” Benjamin Franklin

There is no word more "dangerous" than liberalism, because to oppose it is the new "unforgivable sin." β€” Fulton J. Sheen

We hear a constant clamor for rights, rights, always rights, but so very little about responsibility. And we have forgotten God. The need now is for selflessness, for a spirit of sacrifice, for a willingness to put aside personal gains for the salvation of the whole Western world. β€” Aleksandr Solzhenitsyn

Economics quote Wealth breeds a class of people for whom human beings are disposable commodities. Once oligarchs ach
Wealth breeds a class of people for whom human beings are disposable commodities. Once oligarchs achieve unchecked economic and political power, as they have in the United States, the citizens too become disposable.

Democracy has two excesses to avoid: the spirit of inequality, which leads to an aristocracy, or to the government of a single individual; and the spirit of extreme equality, which conducts it to despotism, as the despotism of a single individual finishes by conquest. β€” Baron de Montesquieu

The tendency of liberals is to create bodies of men and women-of all classes-detached from tradition, alienated from religion, and susceptible to mass suggestion-mob rule. And a mob will be no less a mob if it is well fed, well clothed, well housed, and well disciplined. β€” T. S. Eliot

There must be no compromise with slavery - none whatever. Nothing is gained, everything is lost, by subordinating principle to expedience. β€” William Lloyd Garrison

In a country where the sole employer is the State, opposition means death by slow starvation. The old principle: who does not work shall not eat, has been replaced by a new one: who does not obey shall not eat. β€” Leon Trotsky

New Liberalism Quotes

National liberation, national renaissance, the restoration of nationhood to the people, commonwealth: whatever may be the headings used or the new formulas introduced, decolonization is always a violent phenomenon. β€” Frantz Fanon

When the Liberals said they were going to create a million new jobs, I didn't think they were all going to be tax collectors. If you can't convince them, confuse them. β€” Harry S. Truman

Any people anywhere, being inclined and having the power, have the right to rise up, and shake off the existing government, and form a new one that suits them better. This is a most valuable - a most sacred right - a right, which we hope and believe, is to liberate the world. β€” Abraham Lincoln

The old liberal rebelled against taxation without responsibility, the new liberal wants the taxation as a handout without responsibility. β€” Fulton J. Sheen

Liberation from every form of exploitation, the possibility of a more human and dignified life, the creation of a new humankind - all pass through this struggle. β€” Gustavo GutiΓ©rrez

If the new government rejects our urgent appeal, we will, next year, in solidarity with our people, intensify our struggle for self-determination, our struggle for national liberation to establish self-government in our homeland. β€” Velupillai Prabhakaran

A liberally educated person meets new ideas with curiosity and fascination. An illiberally educated person meets new ideas with fear. β€” James Stockdale

Know what you're talking about. β€” George H. W. Bush

They are an essential tool to give new life to what you already have in your wardrobe. Accessories are like vitamins to fashion: you should use them liberally as such. β€” Anna Dello Russo

I love being a conservative. We conservatives are proud of our philosophy. Unlike our liberal friends, who are constantly looking for new words to conceal their true beliefs and are in a perpetual state of reinvention, we conservatives are unapologetic about our ideals. β€” Rush Limbaugh

Modern Liberalism Quotes

My family and I were welcomed to Canada more than 40 years ago. We sought and obtained refuge in a liberal, modern, and secular society, and put the ugliness of genocidal religious hate and associated tribalism behind us - or so we thought. β€” Gad Saad

The liberated woman is not that modern doll who wears make-up and tasteless clothes. ....The liberation woman is a person who believes that she is as human as a man. The liberated woman does not insist on her freedom so as to abuse it. β€” Ghada al-Samman

Political freedom without economic freedom is almost worthless, and it is because the modern proletariat has the one kind of freedom without the other that its rebellion is now threatening the very structure of the modern world. β€” Hilaire Belloc

Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad. β€” Paul Samuelson

... what I believe to be one of the major tragedies in the Church today. Namely, that evangelicals are biblical, but not contemporary, while liberals are contemporary but not biblical, and almost nobody is building bridges and relating the biblical text to the modern context β€” John Stott

Modern systematic politics, whether liberal, conservative, radical, or socialist, simply has to be rejected from a standpoint that owes genuine allegiance to the tradition of the virtues; for modern politics itself expresses in its institutional forms a systematic rejection of that tradition β€” Alasdair MacIntyre

I explain how America hatred and Jew hatred are [INDEMIC] to Modern Liberalism and delve deeper into why it is the otherwise good and decent people will INVARIABLY side with evil over good, wrong over right and the behaviors that lead to failure over those that lead to success. β€” Evan Sayet

Chesterton spoke of 'the modern and morbid habit of always sacrificing the normal to the abnormal.' It would be hard to sum up liberalism for succinctly. β€” Joseph Sobran

It was the transmutation of the classical liberal intellectual foundation by Christianity that gave modern Europe its impetus and that pushed European accomplishment so far ahead of all other cultures and civilizations around the world. β€” Charles A. Murray

Liberal education develops a sense of right, duty and honor; and more and more in the modern world, large business rests on rectitude and honor as well as on good judgment. β€” Charles William Eliot

Classical Liberalism Quotes

The program of liberalism if condensed into a single word, would have to read: property, that is, private ownership of the means of production. β€” Ludwig von Mises

In liberal democracy and anxious anarchy, the traditional classic dance, compact of aristocratic authority and absolute freedom in a necessity of order, has never been so promising as an independent expression as it is today. β€” Lincoln Kirstein

I wanted to revolutionise habits and contemporary life - to liberate nature, to free it from the authority of old theories and classicism... I felt a tremendous urge to re-create a new world seen through my own eyes, a world which was entirely mine. β€” Maurice de Vlaminck

According to the classic liberal-arts ideal, learning promises liberation, but it is not liberation from demanding moral ideals and social norms, or liberation to act on our desires-it is, rather, liberation from slavery to those desires, from slavery to self. β€” Robert P. George

A real gold standard is thoroughly consistent with [classical] liberal principles and I, for one, am entirely in favor of measures promoting its development. β€” Milton Friedman

The pillars of classical liberalism call for flat taxes, with revenues put to limited uses; strong property rights; and free markets. β€” Richard Allen Epstein

Securing, not prohibiting, the orderly transfer of wealth from A to B, based on wealth differentials, is the raison d'Γͺtre of the [New Deal programs]. The contrast between the modern progressive and classical liberal agendas could not be more explicit. β€” Richard Allen Epstein

I sometimes call my new system 'Italian pagan Catholicism,' but it could more accurately be called 'pragmatic liberalism,' with roots in Enlightenment political philosophy. It is a synthesis of the enduring dual elements in our culture, pagan and Judeo-Christian, Romantic and Classic. β€” Camille Paglia

It's classic the way liberalism works. If anybody has an advantage over anybody for any reason, it's not permitted. It's not fair. And it's got to be regulated and equalized. And in the process, competition's destroyed and when competition goes, so do consumer advantages. β€” Rush Limbaugh

There are things about classic liberalism that obviously I'm drawn to and I bet all of you are as well. Those are things like liberty, freedom, the Bill of Rights. But the reason that I reject the label is that I grew up cutting my teeth against the liberals. β€” Bill Ayers

Liberal Democracy Quotes

Let us not seek to satisfy our thirst for freedom by drinking from the cup of bitterness and hatred. β€” Martin Luther King, Jr.

What a liberal really wants is to bring about change that will not in any way endanger his position. β€” Stokely Carmichael

If Ukraine becomes a pro-American liberal democracy, and a member of NATO, and a member of the E.U., the Russians will consider that categorically unacceptable. β€” John Mearsheimer

Democracy now means the right of the people to vote for candidates approved by liberal judges. β€” David O. Sacks

Islam is not a race...Islam is simply a set of beliefs, and it is not 'Islamophobic' to say Islam is incompatible with liberal democracy. β€” Ayaan Hirsi Ali

The liberals in the Middle East never had a chance. This is not because the people of the region are radical; it is because if you are offered either bread and security or the concept of democracy, the choice is not difficult. β€” Tim Marshall

I think Russians today have a distorted picture of capitalism, liberal democracy and market economy. β€” Garry Kasparov

Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God's children. β€” Martin Luther King, Jr.

If one wishes to forgo the protection afforded by secular pluralism, then perhaps Western liberal democracies is not the right place for you to freely exercise your religion. β€” Gad Saad

Rather than us exporting liberal democracy to these countries instead we're importing Chinese style authoritarianism. β€” Konstantin Kisin

People Writing About Economics

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More Economics Quotes

The more numerous the laws, the more corrupt the government. - Tacitus quote

The more numerous the laws, the more corrupt the government. β€” Tacitus

Government is not the generator of economic growth; working people are. - Phil Gramm quote

Government is not the generator of economic growth; working people are. β€” Phil Gramm

The Bahamas is headed for unprecedented economic activity. - Perry Christie quote

The Bahamas is headed for unprecedented economic activity. β€” Perry Christie

Innovation is the central issue in economic prosperity. - Michael Porter quote

Innovation is the central issue in economic prosperity. β€” Michael Porter

Globalization is incredibly efficient but also so far incredibly unjust. - Pascal Lamy quote

Globalization is incredibly efficient but also so far incredibly unjust. β€” Pascal Lamy

I'm against this huge globalisation on the basis of economic advantage. - David Attenborough quote

I'm against this huge globalisation on the basis of economic advantage. β€” David Attenborough

In embracing change, entrepreneurs ensure social and economic stability. - George Gilder quote

In embracing change, entrepreneurs ensure social and economic stability. β€” George Gilder

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

Economics is extremely useful as a form of employment for economists. β€” John Kenneth Galbraith

Liberty cannot be established without morality, nor morality without faith. - Alexis de Tocqueville quote

Liberty cannot be established without morality, nor morality without faith. β€” Alexis de Tocqueville

A nation will not survive morally or economically when so few have so much and so many have so little. β€” Bernie Sanders

True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made. β€” Franklin D. Roosevelt

There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism - by vote. It is merely the difference between murder and suicide. β€” Ayn Rand

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. β€” Saddam Hussein

Today, the top one-tenth of 1% owns nearly as much wealth as the bottom 90%. The economic game is rigged, and this level of inequality is unsustainable. We need an economy that works for all, not just the powerful. β€” Bernie Sanders

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. β€” Pandurang Shastri Athavale

I believe profoundly in the possibilities of democracy, but democracy needs to be emancipated from capitalism. As long as we inhabit a capitalist democracy, a future of racial equality, gender equality, economic equality will elude us. β€” Angela Davis

How can wealth persuade poverty to use its political freedom to keep wealth in power? Here lies the whole art of Conservative politics in the twentieth century. β€” Aneurin Bevan

The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer. β€” Adam Smith

In an ideal world, you could reunite the Pakistan-occupied part of Kashmir with the Indian-occupied part and restore the old borders. You could have both India and Pakistan agreeing to guarantee those borders, demilitarise the area, and to invest in it economically. In a sane world that would happen, but we don't live in a sane world. β€” Salman Rushdie

We are not afraid of economic sanctions or military intervention. What we are afraid of is Western universities. β€” Ruhollah Khomeini

A community is democratic only when the humblest and weakest person can enjoy the highest civil, economic, and social rights that the biggest and most powerful possess. β€” A. Philip Randolph

A socialist is somebody who doesn't have anything, and is ready to divide it up equally among everybody. β€” George Bernard Shaw

But let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn belongs to you - and why? β€” Walter E. Williams

The fusion (of economic functions) would compel nations to fuse their sovereignty into that of a single European State. β€” Jean Monnet

We always said that our struggle was not only against the British as representatives of colonialism, it was against all the evil that existed in India. The evil of the feudal system, the evil of the system based on caste, the evil of economic injustice. β€” Indira Gandhi

The economic issues are most vital for us and it is of the highest importance that we should fight our biggest enemies - Poverty, unemployment. β€” Lal Bahadur Shastri

War is no longer made by simply analyzed economic forces if it ever was. War is made or planned now by individual men, demagogues and dictators who play on the patriotism of their people to mislead them into a belief in the great fallacy of war when all their vaunted reforms have failed to satisfy the people they misrule. β€” Ernest Hemingway

The inescapable fact is that when we build a society based on greed, selfishness, and ruthless competition, the fruits we can expect to reap are economic insecurity at home and international discord abroad. β€” Tommy Douglas

God, how patient are Thy poor! These corporations and masters of manipulation in finance heaping up great fortunes by a system of legalized extortion, and then exacting from the contributors-to whom a little means so much-a double share to guard the treasure! β€” Sayings

It's a different kind of economic recovery. The kind where bankers steal trillions and you don't have a job. β€” Alex Jones

If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind? β€” Frederic Bastiat

The more successfully a city mingles everyday diversity of uses and users in its everyday streets, the more successfully, casually (and economically) its people thereby enliven and support well-located parks that can thus give back grace and delight to their neighborhoods instead of vacuity. β€” Jane Jacobs

[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous. β€” Friedrich August von Hayek

No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems - of which getting elected and re-elected are number one and number two. Whatever is number three is far behind. β€” Thomas Sowell

Instead of building the peace by attacking injustices like starvation, disease, illiteracy, political and economic servitude, we spend a trillion dollars on war since 1946, until hatred and conflict have become the international preoccupation. β€” Daniel Berrigan

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. β€” Douglas MacArthur

Sometimes the lack of substantive freedoms relates directly to economic poverty, which robs people of the freedom to satisfy hunger; or to achieve sufficient nutrition, or to obtain remedies for treatable illnesses or the opportunity to be adequatley clothed or sheltered, or to enjoy clean water or sanitary facilities. β€” Amartya Sen

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists. β€” Joan Robinson

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