Economic Systems Quotes - Page 2

• It's a historical phenomenon that in 250 years, a nation could move from a colony into the most prosperous nation of the world and the leader of the world. It is indeed an achievement, a tribute to the talent of the American nation, the American people and an optimal political and economic system.

  Vladimir Putin

  Moving, Years, People

  Putin Q&A: Full Transcript, content.time.com. 2007.

  50 Copy quote

  Show source

• I believe war is the inevitable fruit of our economic system.

  Helen Keller

  War, Believe, Fruit

  Helen Keller, Kim E. Nielsen (2005). “Helen Keller: Selected Writings”, p.141, NYU Press

  9 Copy quote

  Show source

• People would do well to ask themselves how many of their ambitions and aspirations derive from the type of economic system they inhabit and the insecurity and exhaustion it creates, and question the sense and purpose of a society where control of a large portion of life is abdicated under contract in the labour market, and where immense creativity and potential is stifled by the need to do difficult and repetitive tasks in order to earn a wage.

  Tony Benn

  Creativity, Ambition, Order

  11 Copy quote

• No economic system is perfect. But the American Free Enterprise system has empowered millions of people in the past. I know, because I saw it with my own eyes.

  Marco Rubio

  Eye, Past, People

  4 Copy quote

• Occupy Wall Street is meant more as a way of life that spreads through contagion, creates as many questions as it answers, aims to force a reconsideration of the way the nation does business and offers hope to those of us who previously felt alone in our belief that the current economic system is broken.

  Douglas Rushkoff

  Wall, Broken, Doe

  "Think Occupy Wall St. is a phase? You don't get it" by Douglas Rushkoff, www.cnn.com. October 5, 2011.

  4 Copy quote

  Show source

• The main message we want to get out there is that climate change is caused by the rotten economic system.

  Vivienne Westwood

  Climate, Rotten, Want

  "Vivienne Westwood’s Five Most Westwood-y Backstage Quotes". www.thecut.com. February 18, 2013.

  7 Copy quote

  Show source

• Here's what I don't think works: An economic system that was founded in the 16th century and another that was founded in the 19th century. I'm tired of this discussion of capitalism and socialism; we live in the 21st century, we need an economic system that has democracy as its underpinnings and an ethical code.

  Michael Moore

  Tired, Thinking, Democracy

  "DealBook’s Interview With Michael Moore". dealbook.nytimes.com. September 23, 2009.

  7 Copy quote

  Show source

• I'm a capitalist by conviction and profession. I believe the best economic system is one that rewards entrepreneurship and risk-taking, maximizes customer choice, uses markets to allocate scarce resources and minimizes the regulatory burden on business.

  Gary Hamel

  Believe, Choices, Risk

  7 Copy quote

• We need to reclaim our American system of limited government, low taxes, reasonable regulations and sound money, which has blessed us with unprecedented prosperity. And it has done more to help the poor than any other economic system ever designed.

  Paul Ryan

  Blessed, Government, Done

  "GOP Urge Obama to Join in Cutting Spending". www.foxnews.com. January 25, 2011.

  28 Copy quote

  Show source

• The dynamo of our economic system is self-interest which may range from mere petty greed to admirable types of self-expression.

  Felix Frankfurter

  Self, Expression, Greed

  10 Copy quote

• I should like to suggest to you that the cause of all the economic troubles is that we have an economic system which tries to maintain an equality of value between two things, which it would be better to recognise from the beginning as of unequal value.

  Paul Dirac

  Equality, Two, Trying

  Paul Dirac's speech at the Nobel Banquet in Stockholm, www.nobelprize.org. December 10, 1933.

  9 Copy quote

  Show source

• There's something about Marxism that brings out warts; the only kind of growth this economic system encourages.

  P. J. O'Rourke

  Growth, Comedy, Kind

  P.J. O'Rourke (2015). “Thrown Under the Omnibus”, p.257, Atlantic Books Ltd

  7 Copy quote

  Show source

• With impressive proof on all sides of magnificent progress, no one can rightly deny the fundamental correctness of our economic system.

  Herbert Hoover

  Ethos, Progress, Fundamentals

  Herbert Hoover (1929). “The New Day: Campaign Speeches of Herbert Hoover, 1928”, p.30, Stanford University Press

  12 Copy quote

  Show source

• To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms.

  Ha-Joon Chang

  Economic, Form, Worst

  4 Copy quote

• China reformed its state sector before, in the late 1990s. Tens of millions were laid off at the time. That was scary and we had warnings of social unrest. But it did not happen. Instead, there was a restructuring in our economic system. I am not sure if China will follow a Western playbook in this respect.

  Zhang Xin

  Social Unrest, Scary, Warning

  Source: www.spiegel.de

  4 Copy quote

  Show source

• The final goal of world revolution is not socialism, or even communism, it is not a change in the present economic system, it is not the destruction of civilization in a material sense. The revolution desired by the leaders is moral and spiritual, it is an anarchy of ideas in which all the bases established nineteen centuries ago shall be overthrown, all the honored traditions trodden under foot, and, above all, the Christian ideal finally obliterated.

  Leon V. DePoncins

  Christian, Spiritual, Civilization

  5 Copy quote

• A character standard is far more important than even a gold standard. The success of all economic systems is still dependent upon both righteous leaders and righteous people. In the last analysis, our national future depends upon our national character that is, whether it is spiritually or materially minded.

  Roger Babson

  Success, Future, Character

  18 Copy quote

• It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.

  John Maynard Keynes

  Entrepreneur, Technique, Demand

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.193, Atlantic Publishers & Dist

  7 Copy quote

  Show source

• The cash register did more for human morality than the Congregational Church. It was a really powerful phenomenon to make an economic system work better, just as, in reverse, a system that can be easily defrauded ruins a civilization. A system that's very hard to defraud, like a cash register, helped the economic performance of a civilization by reducing vice, but very few people within economics talk about it in those terms.

  Charlie Munger

  Powerful, Civilization, People

  "Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs". Charlie Munger's Herb Kay Undergraduate Lecture at the Economics Department of University of California in Santa Barbara, October 3, 2003.

  10 Copy quote

  Show source

• The middle-of-the-road policy is not an economic system that can last. It is a method for the realization of socialism by installments.

  Ludwig von Mises

  Realization, Lasts, Socialism

  Ludwig Von Mises, Murray Newton Rothbard (1980). “Planning for freedom, and sixteen other essays and addresses”, Libertarian Press, Incorporated

  9 Copy quote

  Show source

• Economic systems work better when there's an extreme reliability ethos. And the traditional way to get a reliability ethos, at least in past generations in America, was through religion. The religions instilled guilt. ... And this guilt, derived from religion, has been a huge driver of a reliability ethos, which has been very helpful to economic outcomes for man.

  Charlie Munger

  Past, Men, Ethos

  16 Copy quote

• Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '

  Ronald Coase

  Horse, Real, Years

  30 Copy quote

• We must work our destiny in our own way and present to the world an economic system based on true Islamic concept of equality of manhood and social justice. We will thereby be fulfilling our mission as Muslims and giving to humanity the message of peace which alone can save it and secure the welfare, happiness and prosperity of mankind.

  Muhammad Ali Jinnah

  Islamic, Destiny, Giving

  Speech at the opening ceremony of the State Bank of Pakistan, Karachi, July 1, 1948.

  78 Copy quote

  Show source

• Capitalism, the ogre of those protesting Wall Street, has suffered a public relations crisis in the wake of the global economic collapse. But any remedy to the systemic corruption that led to the collapse should not displace recognition that capitalism creates wealth. Capitalism, and no other economic system, has raised millions from poverty around the world.

  Kathleen Parker

  Wall, World, Poverty

  4 Copy quote

• We don't have the leadership or the understanding of the value of this, and when your political systems and your economic systems start to fail, it's only a cultural understanding that allows you to reconstruct them and to get back to who you are. For some reason, it hasn't dawned on us yet.

  Wynton Marsalis

  Political, Understanding, Failing

  Source: www.pbs.org

  4 Copy quote

  Show source