Economics Quotes - Page 36

• The Players Association has on the table a demand which doesn't recognize the reality of our league's economics today. It's a very excessive and unrealistic demand.

  Paul Tagliabue

  Player, Reality, League

  "CBA: Tagliabue Press Conference Transcript". 247sports.com. March 2, 2002.

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• Even though I didn't get a business degree, I enjoyed learning about economics.

  Herb Ritts

  Inspirational, Funny, Graduation

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• I was about to get a degree in economics when I accepted that I'd be a lousy businessman, and if I didn't give acting a try I'd regret it for the rest of my life.

  Peter Gallagher

  Inspirational, Funny, Graduation

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• The only truly new ideas [the right] has come up with in the last twenty years are (1) supply side economics, which is a way of redistributing the wealth upward toward those who already have more than they know what to do with, and (2) creationism, which is a parallel idea for redistributing ignorance out from its fundamentalist strongholds to those who know more than they need to.

  Barbara Ehrenreich

  Ignorance, Years, Ideas

  Barbara Ehrenreich (1990). “WORST YEARS OF OUR LIVES”, Pantheon

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• Politics, as any observer of the modern world knows, is the enemy of economics, everywhere and always.

  John Derbyshire

  Political, Enemy, World

  John Derbyshire (2009). “We Are Doomed: Reclaiming Conservative Pessimism”, p.234, Crown Forum

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• A rising tide (in the economy) lifts all boats.

  John F. Kennedy

  Political, Rising, Politics

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• Yet the basic fact remains: every regulation represents a restriction of liberty, every regulation has a cost. That is why, like marriage (in the Prayer Book's words), regulation should not "be enterprised, nor taken in hand, unadvisedly, lightly, or wantonly"

  Margaret Thatcher

  Prayer, Book, Taken

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• The larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.

  Henry Hazlitt

  Taken, Political, Income

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.35, Crown Business

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• Freedom is messy. In free societies, people will fall through the cracks - drink too much, eat too much, buy unaffordable homes, fail to make prudent provision for health care, and much else. But the price of being relieved of all those tiresome choices by a benign paternal government is far too high. Big Government is the small option: it's the guarantee of smaller freedom, smaller homes, smaller cars, smaller opportunities, smaller lives.

  Mark Steyn

  Fall, Home, Opportunity

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• What would it mean if there were a theory that explained everything? And just what does "everything" actually mean, anyway? Would this new theory in physics explain, say the meaning of human poetry? Or how economics work? Or the stages of psychosexual development? Can this new physics explain the currents of ecosystems, or the dynamics of history, or why human wars are so terribly common?

  Ken Wilber

  War, Mean, Ecosystems

  Ken Wilber (2001). “A Theory of Everything: An Integral Vision for Business, Politics, Science and Spirituality”, p.11, Shambhala Publications

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• The supremacy of public opinion determines not only the singular role that economics occupies in the complex of thought and knowledge. It determines the whole process of human history.

  Ludwig von Mises

  Historical, Public Opinion, Roles

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

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• In economics, you always want to ask 'And then what?'

  Warren Buffett

  Insightful, Investing, Want

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• At nineteen I was pretty sure I was going to be a professional soccer player. At that time I played for one of the Norwegian premier leagues. But I tore ligaments in both knees, so I started studying business administration and economics and became a financial analyst, and I worked at a brokerage firm as a stockbroker.

  Jo Nesbo

  Soccer, Player, League

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• The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.

  Daniel Kahneman

  Loss, Psychology, Aversion

  Daniel Kahneman (2011). “Thinking, Fast and Slow”, p.341, Macmillan

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• Science is the only news. When you scan a news portal or magazine, all the human interest stuff is the same old he-said-she-said, the politics and economics the same cyclical dramas, the fashions a pathetic illusion of newness; even the technology is predictable if you know the science behind it. Human nature doesn't change much; science does, and the change accrues, altering the world irreversibly

  Stewart Brand

  Fashion, Drama, Technology

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• Some years ago an excellent professor of economics told his class in his gravelly voice, 'If you pay me $50,000 a year to solve a problem, I damned sure ain't going to solve it.'

  Charley Reese

  Years, Class, Voice

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• There is a small minority of well-educated people with relatively sensible views on economics, and an extremely tiny minority of economists with highly sensible views. Then there's everybody else. ... To win, a politician needs to please the median voter. It makes little difference if a few thousand economists think you a fool.

  Bryan Caplan

  Winning, Thinking, Views

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• Adam Smith had one overwhelmingly important triumph: he put into the center of economics the systematic analysis of the behavior of individuals pursuing their self-interest under conditions of competition.

  George Stigler

  Self, Competition, Important

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• I don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks.

  Paul Samuelson

  Writing, Law, Textbooks

  "Foreword" by Paul Samuelson in "The Principles of Economics Course" edited by ed. Phillips Saunders and William B. Walstad, 1990.

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• As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns.

  Joseph Stiglitz

  Pay, Information, Return

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• 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

  Government, Order, Political

  "Democracy for the Few". Book by Michael Parenti, 1974.

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• Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory ("applied economics").

  Michel Chossudovsky

  Facts, Mainstream, Produce

  "The Globalization of Poverty and the New World Order". Book by Michel Chossudovsky, 2003.

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• International order is not an evolution; it is an imposition. It is the domination of one vision over others- in this case, the domination of liberal free market principles of economics, democratic principles of politics, and a peaceful international system over other visions that other nations and peoples may have. It will last only as long as those who favor it retain the capacity to defend it.

  Robert Kagan

  Order, Long, Vision

  "America has made the world freer, safer and wealthier" by Robert Kagan, www.cnn.com. March 14, 2012.

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• I just knew that economics had never been my big motivation.

  Leigh Steinberg

  Motivational, Motivation, Bigs

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• [...] it is generally accepted that the Civil War was fought over the issue of slavery. That, at best, is a half-truth. Slavery was an issue, but the primary force for war was a clash between the economic interests of the North and the South. Even the issue of slavery itself was based on economics.

  G. Edward Griffin

  War, Issues, Half

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