Economy and economics Quotes

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

There can be economy only where there is efficiency.
Never spend your money before you have earned it.
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
Economy is too late when you are at the bottom of your purse.
Commerce is a game of skill which everyone cannot play and few can play well.
Give me a one-handed economist! All my economists say, On the one hand on the other.
An economist's guess is liable to be as good as anybody else s.
We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.
The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance.
The economy depends about as much on economists as the weather does on weather forecasters.
I learned more about the economy from one South Dakota dust storm than I did in all my years of college.
Few are sufficiently sensible of the importance of that economy in reading which selects, almost exclusively, the very first order of books. Why, except for some special reason, read an inferior book, at the very time you might be reading one of the highest order?
Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence.
The science hangs like a gathering fog in a valley, a fog which begins nowhere and goes nowhere, an incidental, unmeaning inconvenience to passers-by.
If you took all the economists in the world and laid them end-to-end, they couldn't reach a conclusion
An economist is someone who knows more about money than the people who have it.
The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.
Commerce has set the mark of selfishness, the signet of its all-enslaving power, upon a shining ore, and called it gold: before whose image bow the vulgar great, the vainly rich, the miserable proud, the mob of peasants, nobles, priests, and kings, and with blind feelings reverence the power that grinds them to the dust of misery.
Economic progress, in capitalist society, means turmoil.
Profit is the ignition system of our economic engine.
Call a thing immoral or ugly, soul-destroying or a degradation of man, a peril to the peace of the world or to the well-being of future generations; as long as you have not shown it to be uneconomic you have not really questioned its right to exist, grow, and prosper.
Men cannot not live by exchanging articles, but producing them. They live by work not trade.
But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.
In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.
If you laid every economist in the country end to end you would still not reach a conclusion.
A nation is not in danger of financial disaster merely because it owes itself money.
If all the economists in the world were laid end to end, it wouldn't be a bad thing.
The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems -- the problems of life and of human relations, of creation and behavior and religion.
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
Commerce is one of the daughters of Fortune, inconsistent and deceitful as her mother. she chooses her residence where she is least expected, and shifts her home when in appearance she seems firmly settled.
First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.
How great, my friends, is the virtue of living upon a little!
There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics.
Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in , say, physics, mathematics, or medicine -- the special pleading of selfish interests.
No one is rich whose expenditures exceed his means, and no one is poor whose incomings exceed his outgoings.