Economics Quotes - Page 4

• I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

  Milton Friedman

  Cutting, Liberty, Taxation

  "Conservatives Betrayed: How George W. Bush and Other Big Government Republicans Hijacked the Conservative Cause". Book by Richard A. Viguerie, 2006.

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• Inflation is taxation without legislation.

  Milton Friedman

  Money, Taxation, Conservative

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• A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities.

  Thomas Jefferson

  Wise, Wisdom, Men

  Thomas Jefferson (2011). “Jefferson on Freedom: Wisdom, Advice, and Hints on Freedom, Democracy, and the American Way”, p.65, Skyhorse Publishing, Inc.

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• Take not from the mouth of labor the bread it has earned.

  Thomas Jefferson

  Freedom, Libertarian Party, Democracies Have

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  We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both.

  Louis D. Brandeis

  Wisdom, Country, Power

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• The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

  Henry Hazlitt

  Art, Liberty, Groups

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.13, Crown Business

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• Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.

  Milton Friedman

  Wisdom, Knowledge, Mean

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• If we can but prevent the government from wasting the labours of the people, under the pretence of taking care of them, they must become happy.

  Thomas Jefferson

  Government, America, People

  Thomas Jefferson (1950). “The Papers of Thomas Jefferson, Volume 39: 13 November 1802 to 3 March 1803”, p.84, Princeton University Press

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• The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.

  Milton Friedman

  Philosophy, Organization, Greed

  Milton Friedman (1968). “Bright Promises, Dismal Performance: An Economist's Protest”, San Diego : Harcourt Brace Jovanovich

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• The study of economics does not seem to require any specialised gifts of an unusually high order.

  John Maynard Keynes

  Order, Doe, Study

  John Maynard Keynes, Royal Economic Society (Great Britain) (1971). “The Collected Writings of John Maynard Keynes: Essays in biography”

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• Economy is the method by which we prepare today to afford the improvements of tomorrow.

  Calvin Coolidge

  Business, Today, Tomorrow

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• Inflation is always and everywhere a monetary phenomenon.

  Milton Friedman

  Economist, Monetary Policy, Phenomenon

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.272, Houghton Mifflin Harcourt

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• No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

  Adam Smith

  Happiness, Equality, Society

  Adam Smith (1827). “An Inquiry Into the Nature and Causes of the Wealth of Nations”, p.33

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• Poorly paid labor is inefficient labor, the world over.

  Henry George

  Philosophy, Economic Inequality, Political

  Henry George (1911). “The complete works of Henry George”

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• The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

  John Maynard Keynes

  Justice, Political, Liberty

  John Maynard Keynes, Royal Economic Society (Great Britain) (1972). “The collected writings of John Maynard Keynes”

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• Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.

  Frederic Bastiat

  Inspirational, Humor, Government

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• The avoidance of taxes is the only intellectual pursuit that still carries any reward.

  John Maynard Keynes

  Funny, Business, Humor

  "A Dictionary of Scientific Quotations" by Alan L. MacKay, (p. 140), 1977.

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• 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.

  Henry Hazlitt

  Selfish, Men, Medicine

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.11, Crown Business

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• Things done well and with a care, exempt themselves from fear.

  William Shakespeare

  Inspirational, Success, Fear

  William Shakespeare, Samuel Johnson, George Steevens (1813). “The Plays of William Shakespeare: In Twenty-one Volumes, with the Corrections and Illustrations of Various Commentators, to which are Added Notes”, p.35

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• Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman's tool is values; the bureaucrat's tool is fear.

  Ayn Rand

  Mean, Men, Offering

  Ayn Rand (1988). “The Ayn Rand Lexicon: Objectivism from A to Z”, p.153, Penguin

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• An inventor is a man who asks 'Why?' of the universe and lets nothing stand between the answer and his mind.

  Ayn Rand

  Philosophy, Men, Political

  Ayn Rand (1963). “For the New Intellectual: The Philosophy of Ayn Rand (50th Anniversary Edition)”, p.133, Penguin

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• The people who make a difference are not the ones with the credentials but the ones with the concern.

  Max Lucado

  Business, Differences, People

  Max Lucado (2013). “Grace for the Moment: Morning and Evening Devotional Journal”, p.409, Thomas Nelson Inc

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• Economic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness of self-reliance.

  E. F. Schumacher

  Lying, Self, Roots

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• Your role as a leader is even more important than you might imagine. You have the power to help people become winners.

  Ken Blanchard

  Teacher, Business, Learning

  Ken Blanchard (2010). “The Heart of a Leader”, p.13, David C Cook

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• Political Economy or Economics is a study of mankind in the ordinary business of life.

  Alfred Marshall

  Political, Ordinary, Study

  Principles of Economics bk. 1, ch. 1 (1890)

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