Economics Quotes - Page 38

• Our popular economics writers, however, are not in the business of giving their readers a ringside seat on the research action; with no exception I can think of, they use their books to do an end run around the normal structure of scholarship, to preach ideas that few serious economists share. Often, these ideas are not just at odds with the professional consensus; they are demonstrably wrong, and sometimes terminally silly. But they sound good to the unwary reader.

  Paul Krugman

  Running, Silly, Book

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• At George Mason University I saw Hoppe present a lecture in which he claimed that Ludwig von Mises had set the intellectual foundation for not only economics, but for ethics, geometry, and optics, as well. This bizarre claim turned a serious scholar and profound thinker into a comical cult figure, a sort of Euro Kim Il Sung.

  Tom G. Palmer

  Profound, Intellectual, Foundation

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• I can't resist telling you that when the Vienna Economics Institute celebrated its centennial, many years ago, they invited, as their keynote speaker, my father [John Kenneth Galbraith]. The leading economists of the Austrian school- including von Hayek and von Haberler - returned for the occasion. And so my father took a moment to reflect on the economic triumphs of the Austrian Republic since the war, which, he said, "would not have been possible without the contribution of these men." They nodded - briefly - until it dawned on them what he meant. They'd all left the country in the 1930s.

  James K. Galbraith

  Country, War, Father

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• What I have been trying to remind people of for the past 40 years is that you can’t operate an entire conventional system, whether it’s economics, business or the way we live and surround ourselves, what we eat, without recognizing that there are severe negative externalities that are not being accounted for.

  Prince Charles

  Past, Years, People

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• Discovering various economists, economic works, reading financial periodicals and keeping up on current events in geopolitics and economics around the world opened my eyes to many facets of how the extended order works.

  Kurt Bills

  Reading, Eye, Order

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• Politics is a continuation of economics by other means

  Michael Ruppert

  Mean, Continuation

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• The key words of violent economics are urbanization, industrialization, centralization, efficiency, quantity, speed. . . . The problem of evolving a nonviolent way of economic life [in the West] and that of developing the underdeveloped countries may well turn out to be largely identical.

  E. F. Schumacher

  Life, Country, Keys

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• These days no one can make money on the goddamn airline business. The economics represent sheer hell.

  C. R. Smith

  Airline Business, Aviation, Making Money

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• Welcome to the wonderful world of economics. Everything precious in life has a cost.

  Russ Roberts

  Cost, World, Welcome

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• To overturn orthodoxy is no easier in science than in philosophy, religion, economics, or any of the other disciplines through which we try to comprehend the world and the society in which we live.

  Ruth Hubbard

  Philosophy, Science, Discipline

  Ruth Hubbard, Mary Sue Henifin, Barbara Fried (1982). “Biological woman--the convenient myth: a collection of feminist essays and a comprehensive bibliography”, Schenkman Books

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• The innermost essence of my being...is fearless; it is immune to criticism; it does not fear any challenge.

  Eric Butterworth

  Spiritual, Fear, Essence

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• It is consciousness that sets all limits of life, if there are any limits.

  Eric Butterworth

  Life, Spiritual, Limits

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• Faith is expectancy. You do not receive what you want; you do not receive what you pray for, not even what you say you have faith in. You will always receive what you actually expect.

  Eric Butterworth

  Have Faith, Want, Praying

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• We aim in the domain of politics at republicanism; in the domain of economics at socialism; in the domain of what is today called religion, at atheism.

  August Bebel

  Atheism, Today, Socialism

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• People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.

  Ayn Rand

  People, Accepted, Accepting

  Ayn Rand (1997). “Letters of Ayn Rand”, p.278, Penguin

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• Science is not enough, religion is not enough, art is not enough, politics and economics are not enough, nor is love, nor is duty, nor is action however disinterested, nor, however sublime, is contemplation. Nothing short of everything, will really do.

  Aldous Huxley

  Art, Sublime, Action

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• The more propaganda . . . conservatives spread for capitalist economics while at the same time preaching collectivism morally and philosophically , the more nails they’ll drive into capitalism’s coffin.

  Ayn Rand

  Nails, Coffins, Propaganda

  Ayn Rand (1997). “Letters of Ayn Rand”, p.281, Penguin

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• David Boaz has been my guide to the history, economics, and politics of freedom for years.

  John Stossel

  Years, Guides, Has Beens

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• People who dismiss the unemployed and dependent as ‘parasites’ fail to understand economics and parasitism. A successful parasite is one that is not recognized by its host, one that can make its host work for it without appearing as a burden. Such is the ruling class in a capitalist society.

  Jason Read

  Successful, Class, People

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• Economics is concerned with what emerges, not what anyone intended.

  Thomas Sowell

  Concerned

  Thomas Sowell (2010). “Basic Economics 4th Ed: A Common Sense Guide to the Economy”, p.68, Basic Books

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• Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

  Ben Bernanke

  Running, Car, Trying

  Interview with Arthur J. Rolnick, www.minneapolisfed.org. June 1, 2004.

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• The most powerful argument of all for saving open space is economics; in most states, tourism is the number two industry.

  Jim Fowler

  Powerful, Two, Numbers

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• I believe that you have to understand the economics of a business before you have a strategy, and you have to understand your strategy before you have a structure. If you get these in the wrong order, you will probably fail.

  Michael Dell

  Believe, Order, Failing

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• Conventional economics is a form of brain damage. Economics is so fundamentally disconnected from the real world, it is destructive.

  David Suzuki

  Real, Brain, World

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• Everyone in the United States is so intense about maintaining a separation between Church and State when the real concern should be about keeping a separation between Corporations and State--because in America (and most of the rest of the Western World, for that matter) economics is the real religion.

  Neale Donald Walsch

  Real, America, Church

  "The Storm Before the Calm". Book by Neale Donald Walsch, 2011.

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