Political Economy or Economics is a study of mankind in the ordinary business of life. — Alfred Marshall
Economy is the basis of society. When the economy is stable, society develops. The ideal economy combines the spiritual and the material, and the best commodities to trade in are sincerity and love. — Morihei Ueshiba
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
Economics is like the Dutch language - I'm told it makes sense, but I have my doubts. — John Oliver
Economics has been incurably growth-oriented and addicted to everybody growing richer, even at the cost of exhaustion of resources and pollution of the environment. — Kenneth E. Boulding
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
Nature's economy shall be the base for our own, for it is immutable, but ours is secondary. An economist without knowledge of nature is therefore like a physicist without knowledge of mathematics. — Carl Linnaeus
Economy is half the battle in life, but it is not so hard to earn money as to spend it well. Hundreds would never have known want if they had not first known waste. — Charles Spurgeon
Economics and finance is the final frontier for women; it’s the last thing they will conquer because controlling finance is at the heart of everything in government. — Liz Truss
Look at the declining television coverage. Look at the declining voting rate. Economics and economic news is what moves the country now, not politics. — Robert Teeter
Economy without ecology means managing the human nature relationship without knowing the delicate balance between humankind and the natural world — Satish Kumar
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability. — John Kenneth Galbraith
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
Economics was largely a form of intellectual prostitution where you got rewarded for saying what the powers that be wanted to hear. — Max Tegmark
Economy Quotes
Human development, as an approach, is concerned with what I take to be the basic development idea: namely, advancing the richness of human life, rather than the richness of the economy in which human beings live, which is only a part of it. — Amartya Sen
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. — Bernie Sanders
"Freedom" in capitalist countries exists only for those who possess money and who consequently hold power. — Nikita Khrushchev
No matter the economy of the jungle, the lion will never eat grass.
It is the first responsibility of every citizen to question authority. — Benjamin Franklin
There is no word more "dangerous" than liberalism, because to oppose it is the new "unforgivable sin." — 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. — Aleksandr Solzhenitsyn
We're all consumers. The consumer is not a moron; she is your wife.
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. — Baron de Montesquieu
Globalization can be very unjust and unfair and unequal, but these are matters under our control. Its not that we dont need the market economy. We need it. But the market economy should not have priority or dominance over other institutions. — Amartya Sen
I don't imagine Heads of Government would ever be able to say I'm not an economist therefore I can't take decisions on matters of the economy; I'm not a soldier I can't take decisions on matters of defence; I'm not an educationist so I can't take decisions about education. — Thabo Mbeki
There must be no compromise with slavery - none whatever. Nothing is gained, everything is lost, by subordinating principle to expedience. — William Lloyd Garrison
Politics And Economics Quotes
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. — 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. — 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. — Douglas MacArthur
Price is what you pay. Value is what you get.
Of the people, by the people, for the people. — Sun Yat-sen
Justice is never given; it is exacted and the struggle must be continuous for freedom is never a final fact, but a continuing evolving process to higher and higher levels of human, social, economic, political and religious relationship. — A. Philip Randolph
A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both. — Milton Friedman
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 can hardly be expected to flourish in societies where political and economic power is being progressively concentrated and centralized. But the progress of technology has led and is still leading to just such a concentration and centralization of power. — Aldous Huxley
Education remains the key to both economic and political empowerment. — Barbara Jordan
The essence of neo-colonialism is that the State which is subject to it is, in theory, independent and has all the outward trappings of international sovereignty. In reality its economic system and thus its political policy is directed from outside. — Kwame Nkrumah
The more numerous the laws, the more corrupt the government. — Tacitus
Studying Economics Quotes
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. — Joan Robinson
One of my great pleasures from the study of investing, finance, and economics is the discovery of insights about people and society. — Edward O. Thorp
The trip I made to Angola to study the prehistoric contents of the gravel beds as a means of deciding the age of the deposits and their economic potential was the first time prehistory had ever been used for such a purpose. — Louise Leakey
I don’t have a Shopping Problem, I am helping the economy.
The trip I made to Angola to study the prehistoric contents of the gravel beds as a means of deciding the age of the deposits and their economic potential was the first time prehistory had ever been used for such a purpose. — Louis Leakey
We must learn to do economic work from all who know how, no matter who they are. We must esteem them as teachers, learning from them respectfully and conscientiously. We must not pretend to know when we do not know. — Mao Zedong
How sad to see a father with money and no joy. The man studied economics, but never studied happiness. — Jim Rohn
During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers. — Lawrence R. Klein
During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers. — Lawrence Klein
A study of economics usually reveals that the best time to buy anything is last year. — Marty Allen
The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. — John Kenneth Galbraith
Economic Theory Quotes
Don't let anybody tell you it's corporations and businesses that create jobs. — Hillary Clinton
Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows. — John Kenneth Galbraith
Justice is the first virtue of social institutions, as truth is of systems of thought. A theory however elegant and economical must be rejected or revised if it is untrue; likewise laws and institutions no matter how efficient and well-arranged must be reformed or abolished if they are unjust. — John Rawls
For the record, feminism by definition is: 'The belief that men and women should have equal rights and opportunities. It is the theory of the political, economic and social equality of the sexes.' — Emma Watson
Unless we understand what it is that leads to economic and financial instability, we cannot prescribe -- make policy -- to modify or eliminate it. Identifying a phenomenon is not enough; we need a theory that makes instability a normal result in our economy and gives us handles to control it. — Hyman Minsky
It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory. — David Stockman
Internationalism is a community theory of society which is founded on economic, spiritual, and biological facts. It maintains that respect for a healthy development of human society and of world civilization requires that mankind be organized internationally. — Christian Lous Lange
We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are systematic and predictable. We all make the same types of mistakes over and over, because of the basic wiring of our brains. — Dan Ariely
The economic and social theories used by those who take part in the social struggle ought to be judged not by their objective value but primarily for their effectiveness in arousing emotions. The scientific refutation of them which can be made is useless, however correct it may be objectively. — Vilfredo Pareto
Like all social theories, internationalism must seek its basis in the economic and technical fields; here are to be found the most profound and the most decisive factors in the development of society. — Christian Lous Lange
Economic Issues Quotes
The economic issues are most vital for us and it is of the highest importance that we should fight our biggest enemies - Poverty, unemployment. — Lal Bahadur Shastri
I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth. — Angela Merkel
Scotland has a great deal to offer the world in terms of our approach to key economic and social issues. — Nicola Sturgeon
Using some economic issues to make one group of people, regardless of race or religion, the scapegoat for all the problems of the country is just the stupidest, and yet, the most creative propaganda scheme that you can come up with. — Immortal Technique
Innovation is the central issue in economic prosperity. — Michael Porter
We simply can no longer afford to deny the full potential of one half of the population. The world needs to tap into the talent and wisdom of women. Whether the issue is food security, economic recovery, health, or peace and security, the participation of women is needed now more than ever. — Michelle Bachelet
Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power. — David Ricardo
Now our Earth is swarmed with issues such as life, death, illness, wars, economic crises and many others. It is time that we sing out loud the message, 'Love forever.' — Yayoi Kusama
The issue is always the same: the government or the market. There is no third solution. — Ludwig von Mises
The reason I made women's issues central to American foreign policy, was not because I was a feminist, but because we know that societies are more stable if women are politically and economically empowered. — Madeleine Albright
Our economy is at war with many forms of life on earth, including human life. What the climate needs to avoid collapse is a contraction of humanity's use of resources; what our economic model demands to avoid collapse is unfettered expansion. Only one of these sets of rules can be changed, and it's not the laws of nature — Naomi Klein
The wealth of the nation is its air, water, soil, forests, minerals, rivers, lakes, oceans, scenic beauty, wildlife habitats and biodiversity... that's all there is. That's the whole economy. That's where all the economic activity and jobs come from. These biological systems are the sustaining wealth of the world. — Gaylord Nelson
The countries of northern Europe have been richer than those of the south for several centuries. The north industrialized earlier than the south and so has been more economically successful. As many of the northern countries comprise the heartland of Western Europe, their trade links were easier to maintain, and one wealthy neighbor could trade with another — whereas the Spanish, for example, either had to cross the Pyrenees to trade, or look to the limited markets of Portugal and North Africa. — Tim Marshall
The operation of a market economy is dependent on prices, and prices, to be accurate, are dependent on a common medium of exchange, which reflects the relative scarcity of different goods. If this is easy money, the ability of its issuer to constantly increase its quantity will prevent it from accurately reflecting opportunity costs. Every unpredictable change in the quantity of money would distort its role as a measure of interpersonal value and a conduit for economic information. — Saifedean Ammous
Minimum wage law is the 'People's Fed.' Tie minimum wage to money supply. If there is pushback against this idea, then shut down the Fed and its ability to distort the economy, penalizing labor, or make the Fed's distortions available to all businesses and all workers. — Max Keiser
Further diversifying our economy is a key strategic focus of our future plans. It is therefore necessary to accelerate economic development efforts to continue building a leading global economy, to enhance our competitiveness and achieve the highest global rankings. — Mohamed bin Zayed Al Nahyan
While microeconomics has focused on transactions between individuals, and macroeconomics on the role of government in the economy, the reality is that the most important economic decisions to any individual’s well-being are the ones they conduct in their trade-offs with their future self. — Saifedean Ammous
The idea that the world’s economic problems can be solved only through the World Bank, IMF and ADB is obsolete and must be abandoned. I am of the view that the management of the global economy cannot be left only to the three international financial institutions. We must build a new global economic order that is open to new, emerging economic powers. — Joko Widodo
Hyperinflation is a form of economic disaster unique to government money. There was never an example of hyperinflation with economies that operated a gold or silver standard, and even when artifact money like seashells and beads lost its monetary role over time, it usually lost it slowly, with replacements taking over more and more of the purchasing power of the outgoing money. — Saifedean Ammous
The end of World War II and the dismantling of the New Deal meant the U.S. government cut its spending by an astonishing 75% between 1944 and 1948, and it also removed most price controls for good measure. And yet, the U.S. economy witnessed an extraordinary boom during these years. The roughly ten million men who were mobilized for the war came back home and were almost seamlessly absorbed into the labor force, as economic production boomed, flying in the face of all Keynesian predictions and utterly obliterating the ridiculous notion that the level of spending is what determines output in the economy. — Saifedean Ammous
In 100% of the situations, good environmental policy is identical to good economic policy. If we want to measure our economy, this is how we ought to be measuring - based upon how it produces jobs and the dignity of jobs over the generations and how it preserves the value of the assets of our community. — Robert F. Kennedy, Jr.
We must build a high-level socialist market economic system, adhere to and improve the basic socialist economic system, unswervingly consolidate and develop the public ownership system, unswervingly encourage and support the development of the privately owned economy, give full play to the decisive role of the market in the allocation of resources, and give better play to the role of the government. — Xi Jinping
Because it is located so far south, and the coastal plain quickly rises into highland, South Africa is one of the very few African countries that do not suffer from the curse of malaria, as mosquitoes find it difficult to breed there. This allowed European colonialists to push into its interior much farther and faster than in its malaria-riddled tropics, settle, and begin small-scale industrial activity that grew into what is now southern Africa's biggest economy. For most of southern Africa, doing business with the outside world means doing business with South Africa, which has used its wealth and location to tie its neighbors into its transport system, meaning there is a two-way rail and road conveyor belt stretching from its ports north through Zimbabwe, Botswana, Zambia, Malawi, Tanzania, Mozambique, even a province of the DRC. A new Chinese-built railway from Katanga to the Angolan coast has been laid to challenge this dominance and might take some traffic from the DRC, but South Africa looks destined to maintain its advantages. — Tim Marshall
In a free market capitalist system, 'price signals' are everything. Prices are determined by buyers and sellers in the free market, and these prices are broadcast from the exchanges, reaching all corners of the economy - where they are used to transact business. — Max Keiser
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. — Milton Friedman
A successful economic development strategy must focus on improving the skills of the area's workforce, reducing the cost of doing business and making available the resources business needs to compete and thrive in today's global economy. — Rod Blagojevich
The entire political class and ruling Wall Street class are zero-percent-interest zombies who talk about 'deflation' in the value of their second, third, and fourth homes. This is paper-deflation, zombie-deflation, and has nothing to do with the real economy. — Max Keiser
If you’ve relied on data and logic alone to make sense of the economy, you’d have been confused for a hundred years straight…So much of what happens in our economy is rooted in emotions, which can, at times, be nearly impossible to make sense of. — Morgan Housel
What is called 'capitalism'is basically a system of corporate mercantilism, with huge and largely unaccountable private tyrannies exercising vast control over the economy, political systems, and social and cultural life, operating in close cooperation with powerful states that intervene massively in the domestic economy and international society. — Noam Chomsky
And one day we must ask the question, "Why are there forty million poor people in America?" And when you begin to ask that question, you are raising questions about the economic system, about a broader distribution of wealth. When you ask that question, you begin to question the capitalistic economy. — Martin Luther King, Jr.
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. — Hilaire Belloc
Lobbying' is the activity of attempting to influence legislation by privately influencing the legislators. It is the result and creation of a mixed economy-of government by pressure groups. Its methods range from mere social courtesies and cocktail-party or luncheon "friendships" to favors, threats, bribes, blackmail. — Ayn Rand
If this Government cannot get the adjustment, get manufacturing going again, and keep moderate wage outcomes and a sensible economic policy, then Australia is basically done for. We will end up being a third rate economy... a banana republic. — Paul Keating
Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to take better care of your fellow citizens when they're down on their luck, you end up killing economic progress. But what European experience actually demonstrates is the opposite: social justice and progress can go hand in hand. — Paul Krugman
The surest path to safe streets and peaceful communities is not more police and prisons, but ecologically sounds economic development. And that same path can lift us to a new, green economy - one with the power to lift people out of poverty while respecting and repairing the environment. — Van Jones
The real struggle between an American government and the people was one of power, which was settled when they designed their Constitution, which conceded the sovereignty of the people when it came to politics, and the sovereignty of the consumer when it came to economics. — Ndabaningi Sithole
Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals, the society in which they live and the economy in which they work. Most critically, our responsibility in this parliament is how that power is used: whether it is used for the benefit of the few or the many. — Kevin Rudd
Nobody spends somebody else's money as carefully as he spends his own. — Milton Friedman
Colleges don't teach economics properly. Unfortunately we learn little from the experience of the past. An economist must know, besides his subject, ethics, logic, philosophy, the humanities and sociology, in fact everything that is part of how we live and react to one another. — Bernard Baruch
Political democracy cannot flourish under all economic conditions. Democracy requires an economic system which supports the political ideals of liberty and equality for all. Men cannot exercise freedom in the political sphere when they are deprived of it in the economic sphere. — Mortimer Adler
We have an economy that tells us it is cheaper to destroy earth in real time rather than renew, restore, and sustain it. You can print money to bail out a bank but you can't print life to bail out a planet. — Paul Hawken
If you surrender everything to the government and give it total power to plan the whole economy, this will not guarantee your economic security, but it will guarantee the descent of the entire nation to a level of miserable poverty--as the practical results of every totalitarian economy, communist or fascist, have demonstrated. — Ayn Rand
As sure as the spring will follow the winter, prosperity and economic growth will follow recession. — Robert Foster Bennett
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