Economics Quotes - Page 29

• The idea [the government's 'You Win' campaign] is that instead of young people in Nigeria waiting to get employment, they should create their own jobs and employ their peers and employ other people.

  Ngozi Okonjo-Iweala

  Jobs, Winning, Government

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• I have a dream that Africa should have one bloc - north to south - we could trade freely, people can move freely and that makes business sense.

  Mohammed Dewji

  Dream, Moving, Should Have

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• We need a race to the top so that we have policies and regulations that protect human rights, the environment and that reduce poverty.

  Winnie Byanyima

  Rights, Race, Needs

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• Africa's risks are mainly perceived and not real. Unfortunately for us in Africa we are not really very good at telling our own story. But things are changing and people are beginning to understand that things are going very, very well.

  Aliko Dangote

  Real, People, Risk

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• Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.

  Ha-Joon Chang

  Opportunity, Advantage, Capability

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• The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get a better view, promoting the others behind them to stand. Once enough people stand, everyone has to stand, which means no one is getting a better view, while everyone has become more uncomfortable.

  Ha-Joon Chang

  Country, Mean, Views

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• In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.

  Ha-Joon Chang

  Quality, Use, Easier

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• How much there is I want to do! I always feel that I haven't time to accomplish what I wish. I want to read much. I wanted to write a great deal. I want to make money.

  Irving Fisher

  Writing, Wish, Want

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• The best state for human nature is that in which, while no one is poor, no one desires to be richer, nor has any reason to fear from thrust back, by the efforts of others to push themselves forward.

  John Stuart Mill

  Effort, Desire, Human Nature

  John Stuart Mill (1866). “Principles of Political Economy: With Some of Their Applications to Social Philosophy”, p.453

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• 95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.

  Ha-Joon Chang

  Common Sense, Essentials, Details

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• Dangerous acts can be done safely in a community which thinks and feels rightly, which would be the way to hell if they were executed by those who think and feel wrongly.

  John Maynard Keynes

  Thinking, Community, Would Be

  "The Collected Writings of John Maynard Keynes". Book by John Maynard Keynes, 1980.

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• Economic diseases are highly communicable. It follows therefore that the economic health of every country is a proper matter of concern to all its neighbors, near or distant.

  Franklin D. Roosevelt

  Country, Disease, Matter

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• Human beings are no longer born to their place in life...but are free to employ their faculties and such favorable chances as offer, to achieve the lot which may appear to them as desirable.

  John Stuart Mill

  May, Chance, Achieve

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• In the history of modern capitalism, crises are the norm, not the exception.

  Nouriel Roubini

  Modern, Crisis, Norm

  Nouriel Roubini, Stephen Mihm (2010). “Crisis Economics: A Crash Course in the Future of Finance”, p.17, Penguin

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• The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.

  John Maynard Keynes

  Principles, Bottles, Laissez Faire

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• Economics brings into full view that conflict of choice which is one of the permanent characteristics of human existence.

  Lionel Robbins, Baron Robbins

  Views, Choices, Conflict

  "An essay on the nature & significance of economic science".

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• To those who say climate change is not caused by human activity or that addressing it will harm the economy, let's encourage them to go to college, too, and to study physics and to study economics, but for the rest of us, let's get to work.

  Martin O'Malley

  College, Climate, Study

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• A commercial civilization is money-oriented, profit-oriented. Commercial values always tend to wrench a society free of tradition.Economics from education to public service is being reorganized on the self-destructive basis of self-interest.

  John Ralston Saul

  Self, Civilization, Tradition

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• Money must serve, not rule! The Pope loves everyone, rich and poor alike, but he is obliged in the name of Christ to remind all that the rich must help, respect and promote the poor. I exhort you to generous solidarity and a return of economics and finance to an ethical approach which favours human beings.

  Pope Francis

  Names, Return, Favour

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• Capitalism is the only system that can make freedom, individuality, and the pursuit of values possible in practice. When I say 'capitalism,' I mean a pure, uncontrolled, unregulated laissez-faire capitalism - with a separation of economics, in the same way and for the same reasons as a separation of state and church.

  Ayn Rand

  Mean, Practice, Individuality

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• I am opposed to all forms of control; I am for an absolute laissez faire, free, unregulated economy. I am for the separation of the state and economics, just as we had separation of state and church, which led to peaceful coexistence among different religions...so the same applies to economics. If you separate the government from economics, if you do not regulate production and trade, you will have peaceful cooperation, and harmony and justice among men.

  Ayn Rand

  Men, Justice, Peaceful

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• Mathematical economics is old enough to be respectable, but not all economists respect it. It has powerful supporters and impressive testimonials, yet many capable economists deny that mathematics, except as a shorthand or expository device, can be applied to economic reasoning. There have even been rumors that mathematics is used in economics (and in other social sciences) either for the deliberate purpose of mystification or to confer dignity upon common places as French was once used in diplomatic communications.

  James R Newman

  Respect, Powerful, Communication

  "The World of Mathematics".

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• Economics is (now) about emotion and psychology.

  Robert J. Shiller

  Psychology, Challenges, Inspire

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• 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

  Challenges, Inspire, Attention

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• We have lost sight of the dependence we have on nature in economics

  Tony Juniper

  Nature, Sight, Environment

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