Economics Quotes



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Quote Author Cited
In no other country in the world is the love of property keener or more alert than in the United States, and nowhere else does the majority display less inclination toward doctrines which in any way threaten the way property is owned. Alexis de Tocqueville
A nickel ain't worth a dime anymore. Yogi Berra
In a world awash in debt, power shifts to creditors. Fareed Zakaria
In economics, the majority is always wrong. John Kenneth Galbraith
Counting is the religion of this generation it is its hope and its salvation. Gertrude Stein
Money brings some happiness. But after a certain point, it just brings more money. Neil Simon
Immigrants create an engine of economic prosperity. Jeb Bush
Capitalism is at least tolerable, which cannot be said of Socialism or Communism. Benjamin Tucker
We shall not grow wiser before we learn that much that we have done was very foolish. Friedrich August von Hayek
Everything in the world is purchased by labor. David Hume
The price of anything is the amount of life you exchange for it. Henry David Thoreau
Underlying most arguments against the free market is a lack of belief in freedom itself. Milton Friedman
Socialism is nothing but the capitalism of the lower classes. Oswald Spengler
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest. Joseph A. Schumpeter
As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in? Alexis de Tocqueville
A law can be both economic folly and constitutional. Antonin Scalia
Modern technology has become a total phenomenon for civilization, the defining force of a new social order in which efficiency is no longer an option but a necessity imposed on all human activity. Jacques Ellul
It is part of the general pattern of misguided policy that our country is now geared to an arms economy which was bred in an artificially induced psychosis of war hysteria and nurtured upon an incessant propaganda of fear. Douglas MacArthur
In every commercial state, notwithstanding any pretension to equal rights, the exaltation of a few must depress the many. Adam Ferguson
As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce. Adam Smith
The affluent society makes no meaningful distinction between luxury and necessity. John Kenneth Galbraith
In these days of intimate relations, of economic stress and of intense desire to protect national interests and advance national opportunity, the treatment of questions which, from a legal standpoint, are domestic, often seriously affects international relations. The principle, each nation for itself to the full extent of its powers, is the principle of war, not of peace. Charles Evans Hughes
Economists have long understood that taxes do more than raise revenue for the governments that impose them; to some extent, at least, they also discourage and reduce the economic activities that are taxed. Al Gore
As soon as cap and trade was presented as a bipartisan compromise, many conservatives who originally supported the idea, turned against it ... Thus have fossil fuel companies and their ideological allies paralyzed the policymaking process both at the global level and in the United States. Al Gore
We are different beings. There is nothing in life which links us together. Our names, our clothes, our foods–they are all different; our economic life, our educational ideas, our treatment of women, our attitude towards animals .... We challenge each other at every point of the compass. Muhammad Ali Jinnah
It is because of capitalism that we can pay for services to poor people that we don't even know. Arthur C. Brooks
There is complete disdain for all that exists .... History, society, and the economics of present institutions are all minor issues in choosing a reform program ... Peter Murrell
Establishment of a market economy is seen as mostly involving destruction. Peter Murrell
Don't be the best. Be the only. Sam Wilkin
Within a market, organizations have interests distinct from and often antagonistic to the market processes that produced and sustain them. Gus DiZerega
You start out in 1954 by saying, 'Nigger, nigger, nigger.' By 1968 you can't say 'nigger' – that hurts you. Backfires. So you say stuff like forced busing, states' rights, and all that stuff. You're getting so abstract now [that] you're talking about cutting taxes, and all these things you're talking about are totally economic things and a byproduct of them is [that] blacks get hurt worse than whites. Lee Atwater
Things of this World are in so constant a Flux, that nothing remains long in the same State. Thus People, Riches, Trade, Power, change their Stations; flourishing mighty Cities come to ruine, and prove in time neglected desolate Corners, whilst other unfrequented places grow into populous Countries, fill'd with Wealth and Inhabitants. John Locke
The inevitable consequence of a depreciated currency must be a rise of prices, usually greater than the actual percentage of depreciation. To meet this situation there came a device possible in no other commercial country. The Government fixed prices at which goods could be sold. This mediaeval device could be enforced only in a land where such State interference had been habitual, and, of course, could give to the notes the fictitious purchasing power only inside the country. After the Christian Science fashion, one had only to believe the notes were of value to make them so; but in the cold world outside German jurisdiction their value would be gauged by the chances of getting gold for them. J. Laurence Laughlin
You can enforce a contract in China, but not through the legal route. You have to put pressure on in various ways. Tim Clissold
Religions cannot solve the economic, political and social problems of this earth. However, they can indeed provide what obviously cannot be attained by economic plans, political programs or legal regulations alone: They can effect a change in the inner orientation, the whole mentality, the "hearts," of people Hans Kung
Remember that every dollar saved by health care reform is a dollar less for somebody’s earnings. Uwe Reinhardt
James Callahan, ... is a likeable and energetic man. And he takes his work seriously. Indeed it is said that he has recently sat for and passed an advanced correspondence course in Economics. Antony Lambton
The combined Gross Domestic Product of forty-eight countries is less than the wealth of the three richest people in the world. Fifteen billionaires have assets greater than the total national income of Africa, south of the Sahara. Thirty-two people own more than the annual income of everyone who lives in South Asia. Ken Coates
The battle of competition is fought by the cheapening of commodities Karl Marx
We are for Free Trade, because by Free Trade all economical laws, with their most astounding contradictions, will act upon a larger scale, upon the territory of the whole earth; and because from the uniting of all these contradictions in a single group, where they will stand face to face, will result the struggle which will itself eventuate in the emancipation of the proletariat. Karl Marx
Americans know that war must be paid for and it is they who must pay for it. Woodrow Wilson
For the lower classes it is economic. They need to work and appear proper, so they veil. By contrast, wealthier and more educated families frequently have histories in which mothers and aunts took off the veil more than 80 years ago. Rima Husni
It baffles some economists that Congress pays so little heed to their research, but then immigration policy has never been based on economics. Economic fears played a part in the passage of the exclusionary acts against Chinese in the late 19th and early 20th centuries, and in the 1920’s of quotas (aimed in particular at people from Southern and Eastern Europe), but they were mostly fueled by xenophobia. They were supplanted in the Civil Rights era by the Immigration and Nationality Act of 1965, which ended quotas and established a new priority based on family reunification. That law, also sponsored by Kennedy, had nothing to do with economics, either. It made the chief criterion for getting in having a relative who was already here. Roger Lowenstein
If we’re going to be the world’s leader, we have to pick up the pace of American education, especially in math and science. Margaret Spellings
Countries that most welcome migrants have an economic advantage, but open immigration policies also carry risks. New waves of migrants will be ethnically different, less educated, and sometimes unskilled. They will often be among the very religious in otherwise secular societies. Many will move illegally. The greater ethnic diversity they create can cause social tensions and have profound effects on cultural identity and social cohesion. Lee Kuan Yew
Nothing beats Reaganomics—though herpes can run it pretty close. Art Buchwald
Quite frequently, economic needs may compel people to act against their best impulses, even strongly felt natural values. Murray Bookchin
If the trend continues, Fiji will be left with a large pool of poorly educated, unskilled work force with disastrous consequences on our social and economic infrastructure and levels of investment. Mahendra Chaudhry
Inflation is one form of taxation that can be imposed without legislation. Milton Friedman
Political freedom can be inimical to economic freedom. Milton Friedman
Most economic fallacies derive … from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another. Milton Friedman
Capitalism without Judaism, Christianity, or some other moral basis is just pure greed. Rick Warren
That sort of fundamentalism which treats possession of private property not as a desirable economic and personal asset but as a condition of liberty is a form of primitive religion. Neil Kinnock
I used to think that capitalism was human nature, but it isn’t at all. It’s culture. The same is true of democracy/ Alan Greenspan
A Constitution is not intended to embody a particular economic theory... It is made for people of fundamentally differing views … Oliver Wendell Holmes Jr.
Psychology, not economics, holds down public support for freer trade. Daniel Drezner
Mere population size has been no indicator of economic or military clout. Coral Bell
Economics precedes religion; worship grew out of eating, not the other way around. Anne Roiphe
Today we are ending welfare as we know it. Bill Clinton
Anyone here own 4 suits? Three suits? Even 2 suits? Well J. P. Morgan has over 100 suits, each one stolen off the back of a working man. Huey P. Long
The rich don’t want the poor to get ahead of them. Huey P. Long
Share the Wealth Huey P. Long
We Want Bread! Anonymous
We who are members of the Communist Party repudiate the exclusive identification of democracy with capitalism. We declare that democracy can be widened, take on new aspects, become truly a rule of the people, only when it is extended to the economic life of the people. Elizabeth Gurley Flynn
Nobody in America lives at the survival level, Most people in the world would love to live the way poor Americans live. Rick Warren
Free trade would place our farmers and workers in competition with peasant and sweated labor products. Herbert Hoover
I am not a free trader. I am not a free trader. I believe an American worker who has worked hard and played by the rules should be rewarded. I don't believe that companies who take their jobs overseas should be rewarded with tax breaks. Rosalind Kurita
I can calculate the movement of the stars, but not the madness of men Isaac Newton
India's Finance Ministry's ... feet might be in India, but it's head is in Washington. Vandana Shiva
Political institutions are a superstructure resting on an economic foundation. Vladimir Lenin
Canada was built from its very beginnings on the belief that public leadership in the economy and on social issues would be as effective and cheap as anything done by the private sector. John Ralston Saul
Neither Capitalism nor Socialism can pretend to be an ideology. They are merely methods for dividing ownership and income. John Ralston Saul
If class warfare is being waged in America, my class is clearly winning. Warren Buffett
It takes a full quarter for economic improvement to effect the electorate as they are skeptical. Robert Teeter
As chairman of the president’s Council of Economic Advisers during the 1990s, I had to make projections about where the economy was going to be one, two, or three years ahead; frankly, I often found myself facing a cloudy crystal ball. Forecasting a few years out is hard enough; forecasting seventy-five years out is essentially impossible. Slight changes in life expectancy, immigration, wage growth, and interest rates could have large effects on the solvency of the (Social Security System.) Joseph Stiglitz
Nearly every one of the foreign financial crises of recent decades has led to an increase in the U. S. trade deficit. Robert Z. Albier
Socialism is the Hope of the World Eugene V. Debs
Steve Jobs and Bill Gates did as much to win the Cold War as anyone…. The idea that Ronald Reagan won the Cold War is ludicrous. Thomas Friedman
One of the first laws against air pollution came in 1300 when King Edward I decreed the death penalty for burning of coal. At least one execution for that offense is recorded. But economics triumphed over health considerations, and air pollution became an appalling problem in England. Glenn T. Seaborg
Racial injustice, war, urban blight, and environmental rape have a common denominator in our exploitative economic system. Channing E. Phillips
Where there is politics or economics, there is no morality Karl Wilhelm Friedrich Schlegel
Socialism is a scientific scheme of national organization, entirely wise, just, and practical. It is a kind of national cooperation. Its programme consists, essentially, of one demand, that the land, and all other instruments of production and exchange, shall be the common property of the nation, and shall be used and managed by the nation for the nation. Robert Blatchford
In areas where competitive markets work well beyond question, they are constantly under attack by government—members of both parties. Richard Epstein
A Socialist Government cannot carry on a capitalist system better than the capitalists. The men bred by a capitalist system are men of affairs who understand their business. They are not apprentices. David Kirkwood
I was not a conscientious objector. I was a political objector. I believed that finance and commercial rivalry had led to war. David Kirkwood
The European conflict shall not be continued by economic war after the military operations have ceased. British policy shall be directed toward promoting free commercial intercourse between all nations … Union of Democratic Control
Politicians and economists figure out an elaborate system of tax and economic incentives and then every body else figures out a way to beat it Steven Levitt
An economic policy which does not consider the well-being of all will not serve the purposes of peace and the growth of well-being among the people of all nations. Eleanor Roosevelt
Economic necessity will override patriotism and cause the nations of Western Europe to band together--if not under a single government, then certainly in a close politico-economic alliance Emmet John Hughes
I hate to write Solutions in my books because I don’t really have solutions. Louis Uchitelle
Every person who is laid off in our society is in effect told that he is a person of little worth. Louis Uchitelle
Slot machine revenue may briefly fatten the State’s bottom line, but slots do this by hurting the local economy…. Choking traffic, violent crime, and petty larceny always follow wherever gambling has been implemented. Michael Dyson
Socialism has several aspects. Economically, it means the socialization of the means of production; politically, the establishment of the dictatorship of the toiling masses; emotionally, the abolition of the reign of egotism and anarchy which characterizes the capitalistic system. Dov Ber Borochov
The market value of slaves in 1860 exceeded that of the entire nation’s railroads and factories put together … it was, relative to the gross national product in today’s economic values in excess of $9.6 Trillion. David Davis
We are at risk of turning over to the next generation a worse life than we have had. Anna Burger
No one should be richer than a ten millionaire and no one should be without a home. Huey P. Long
You can’t pass enough laws to stop customers from seeking and expecting value. Lee Scott
In the field of economy, for instance, we … members of the developing world follow the currents of globalization, with conditions set by the rich countries, and at a speed dictated without our slightest input. Abdelouahed Belkeziz
Democracy has to deliver. It is not enough for people to vote. They must also eat. Madeleine Albright
Americans feel squeezed between prices that are rising and wages which are not. Mark Mellman
…society in a modern democracy will not permit unregulated control over production and sale of its necessities. Henry L. Stimson
Europe is on an economic collision course with reality. Claire Berlinski
Walmart is the largest economic force in the world that is not a government. Charles Fishman
If there are countries in the world who are willing to flout sanctions, it doesn’t matter if we have sanctions or not. Gary Milhollin
Capitalism is so successful economically that it creates, educates and subsidizes a vested interest in social unrest. Joseph A. Schumpeter
One of our concerns was the relationship between military and civil aviation… Civil aviation was not helping the defense program at all. It was all the other way around, as has been apparent pretty much ever since. This defense aid was one of the excuses for the airline subsidy James H Rowe Jr
While the feds … leave Social Security off their books, the government's obligation to make benefit payments to current and near-term Social Security recipients is certainly no less real than its obligation to pay interest on its Treasury bonds. Laurence K. Kotlikoff
Milton Friedman is a man with dangerously simplistic visions and explanations of the economic world. Pierre Andre Rinfret
Lowering taxes without pain or costs were the ultimate Economic Utopia Pierre Andre Rinfret
If something is unsustainable and “cannot go on forever”, it tends to stop. Herbert Stein
As long as we are suffering economically and politically in the Muslim world, God will be the solution. Ahmed Fakhr
Instead of more money, what Africa really needs is governments that are responsible to their own voters, that are largely self-financing, that are internationally respectable, and that can attract home some of the hundreds of thousands of talented Africans who currently live in the West. New infusions of aid would likely just perpetuate the kleptocratic regimes that have slowly strangled the continent since independence. Stephen Ellis
Capitalism did not arise because capitalists stole the land and the workmen's tools, but because it was more efficient than feudalism. It will perish because it is not merely less efficient than socialism, but actually self-destructive. John Burdon Sanderson Haldane
We cannot build a prosperous state without good schools. Donald L. Carcieri
Money does not choose people. Albanian Proverb
Gentlemen. There is no man nor group of men who can buy all the stocks that the American public can sell. Thomas William Lamont
Economics is built on the assumption of scarcity. Therefore, it deals with values and calculations. It cannot seek the good that fits a specific person within a given human condition. Where scarcity rules, ethics is reduced to numbers and utility. Further, the person engaged in the manipulation of mathematical formulas loses his or her ear for ethical nuance; one becomes morally deaf. Ivan Illich
The capitalist system of production and distribution is doomed. It threatens to engulf humanity in chaos. Anonymous
When a government takes over a people's economic life, it becomes absolute, and when it has become absolute, it destroys the arts, the minds, the liberties and the meaning of the people it governs. Maxwell Anderson
War can be done by arms. War can be done by economic means. Tariq Aziz
The efficiency label may frequently mask special benefits for special interests. The real questions should be more qualitative ones. Who will be affected? In what ways? David Bazelon
The Constitution was essentially an economic document based upon the concept that the fundamental rights of private property are anterior to government and morally beyond the reach of popular majorities. Charles A. Beard
I do not say a dollar a day is enough to support a working man, but it is enough to support a man. Not enough to support a man and five children if a man insists on smoking and drinking beer. Henry Ward Beecher
The bourgeois takes economic power very seriously, and often worships it quite unselfishly. Nikolai Berdyaev
Capitalism robs you and makes a wage slave of you. The law upholds and protects that robbery. The government fools you into believing that you are independent and free. In this way you are fooled and duped every day of your life. Alexander Berkman
We have learned that the various schools of [economic] thought all have important elements of truth in them. But none of them is by itself a sufficient explanation of what goes on in the economy. Michael Boskin
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
The normal half-brained politician sometimes doesn't understand capital markets. Richard C. Breeden
Economic security can vanish in an instant without health security. George W. Bush
Voodoo economics George W. Bush
What we may call, by way of eminence, the dismal science. Thomas Carlyle
Inflation eats away at ties that bind us together as a people. Jimmy Carter
Economics and art are strangers. Willa Cather
Those who claim they are the prisoners of the laws of economics, only testify that they are prisoners of the idol. Catholic Bishops
Freedom demands conditions of an economic, social, political and cultural kind which makes possible its full exercise. Catholic Church
The goal of economic progress is the extension of human liberty, not ... the open-ended servicing of human greed. Joe Clark
We cannot separate politics from economics. Joe Clark
No nation, rich or poor, democratic or authoritarian, can escape the fundamental economic imperatives of the global market. No nation can escape its discipline. No nation can avoid its responsibility to do its part Bill Clinton
Political, social and economic realities are shaped by a historical process. Stephen Cohen
There are two problems in my life. The political ones are insoluble and the economic ones are incomprehensible. Alec Douglas-Home
Whether we, as individuals, are motivated by simple humanity or by simple economics, we can no longer permit profits to be dependent upon an unsafe or unhealthy work site. Thomas F. Eagleton
Commerce is the weapon …., the all powerful arm with which we have entered in earnest, with every prospect of success, upon our conquest of Mexico. El Paso Bureau of Information
The growing tendency to justify and base governance on the grounds of maintaining economic efficiency has opened the door to secessionists who can legitimately claim that they are not reaping the benefits of economic restructuring. Juan Enriquez
Many will see [globalization] as little more than a mask used by certain economic elites for taking away the voice of the individual citizen. Yaron Ezrahi
To reduce inequality, employment must be sustained by appropriate macroeconomic policy. Thomas Ferguson
Capital as such is not evil. It is its wrong use that is evil. Capital, in some form or other, will always be needed. Mohandas K. Gandhi
Foreign policy today is economics. Carla Hills
Generals know nothing about the economics of war. Adolf Hitler
During the 26 years I have spent in the public service I have been guided wholly by these economic formulas [of Marxist Socialism] as a foundation in effectuating policies and in promoting governmental measures. Daniel Webster Hoan
If ignorance paid dividends, most Americans could make a fortune out of what they don't know about economics. Luther H. Hodges
Trade will increase trade, and money will beget money, and the trading world will need no more to want work for their hands, but will rather want hands for their work. John Holland
The importance of religious faith, of social, economic, political, artistic, and scientific ideas in shaping the form of the world and the making of war and peace is not to be estimated as less than other basic forces. Herbert Hoover; Hugh Gibson
Gentleman, you have come sixty days too late. The depression is over. Herbert Hoover
I learned more about economics from one South Dakota dust storm than I did in all my years in college. Hubert Horatio Humphery
Ninety percent of the racial debate is really about economics. Jesse Jackson Jr.
The private sector can only be a supplement to the state and collective sectors, and it can never predominate. Jiang Zemin
Making a speech on economics is a lot like pissing down your leg. It seems hot to you, but it never does to anyone else. Lyndon B. Johnson
You are the biggest part of the population in the state. You create its wealth. Mary Harris Jones; Mother Jones
You can strike an emotional chord but it's very difficult to strike an economic chord. Flora MacDonald
This is an unfair world. Many of us have struggled hard and even shed blood in order to be independent. When borders are down and the world becomes a single entity, independence can become meaningless. Mohamad Mahathir
Economic developments made modern democracy possible. Joyce Appleby
In the old days the problems of government were few and political, now they are many and are economic and sociological ... John A. Martin
National security must include international economics as it became clear that the U. S. economy was powerfully affective by economic policies in dozens of other countries. Jessica Tuchman Mathews
We have the best mathematical economic models in the world, and just because our models have been wrong for 14 straight quarters does not mean that they will be wrong in the 15th quarter. Martin Mayer
The middle class is the group in this country that has been taken for a ride. George McGovern
A society which is clamoring for choice, which is filled with many articulate groups, each urging its own brand of salvation, its own variety of economic philosophy, will give each new generation no peace until all have chosen or gone under, unable to bear the conditions of choice. The stress is in our civilization. Margaret Mead
The commonly urged identification of Constitutional freedom with the freedom of business enterprise is an illusion which could be entertained only in a society which is too busy in seeking success to give time or energy to finding out what success is. Alexander Meiklejohn
It will purge the rottenness out of the system. People will work harder, live a more moral life. Values will be adjusted and enterprising people will pick up the wreck from less competent people. Andrew Mellon
The greater security of property is one of the main conditions and causes of greater production. John Stuart Mill
Employment no longer responds to governments … Francois Mitterrand
No man profiteth but by the loss of others. Michel de Montaigne
Only God can fix prices. Muhammad
Politics is economics in action. Robert M. La Follette
Until economic freedom is attained for everybody, there can be no real freedom for anybody. Suzanne LaFollette
No country can violate the laws of economic gravity too long. Richard Lamm
We're living in a world of piranha economics in regard to education. Arthur Levine
Economics, not force of arms will decide; not battles, but famine. Jack London; John Griffith London
Economic reform is impossible without the educated groups. Henry A. Kissinger
Following the military triumph we accomplished by bayonets, weapons and blood, we shall strive to win victories in such fields as culture, scholarship, science, and economics, … the enduring benefits of victories depend only on the existence of an army of education. Kemal Ataturk
There is no one to sweep a common hall. Chinese Proverb
We have not addressed the effects of global economics where we are the only free traders in town. Hillary Clinton
No social system, however, elevates "Goodness" to a deciding principle, whether the realm be art, politics, or economics. Tyler Cowen
We still have two separate public school systems in this country. It’s not [any longer] based on race; it’s based on economics, but that’s related to race. John Edwards
Water is one of the world’s great business opportunities. It promises to be to the 21st century what oil was to the 20th. Fortune Magazine
When a Nation exports more or less Labour, than is imported into it, that difference between Exports and Imports of Labour, is called Ballance of Trade Isaac Gervaise
Domestick Trade depends on the Money. A greater Quantity employes more People than a lesser Quantity. A limited Sum can only set a number of People to Work proportion'd to it, and 'tis with little success Laws are made, for Employing the Poor or Idle in Countries where Money is scarce; good Laws many bring the Money to the full Circulation 'tis capable of, and force it to those Employments that are most profitable to the Country: But no Laws can make it go furder, nor can more People be set to Work, without more Money to circulate so, as to pay the Wages of a greater number. They may be brought to Work on Credit, and that is not practicable, unless the Credit have a Circulation, so as to supply the Workman with necessaries; If that's suppos'd, then that Credit is Money, and will have the same effects, on Home, and Forreign Trade. John Law
Every thing receives a value from its use, and the Value is raised [or lowered], according to its Quality, Quantity and Demand. John Law
… the spiritual emptiness and moral inadequacy of capitalism Georg Lukacs
Only the Russian Revolution really opened a window to the future; the fall of Czarism brought a glimpse of it, and with the collapse of capitalism it appeared in full view. Georg Lukacs
No Man is richer for having his Estate all in Money, Plate, etc. lying by him, but on the contrary, he is for that reason the poorer. That man is richest, whose Estate is in a growing condition… Dudley North
We will plant our flag on the hill of economic security. Nancy Pelosi
Supply creates its own demand Jean-Baptiste Say
This relationship between freedom and responsibility has not always been clearly understood. Some ideologies have placed greater importance on the concept of individual freedom, while others on the unquestioning commitment to the social group. Without a proper balance, unrestricted freedom is as dangerous as imposed social responsibility. Great social injustices have resulted from extreme economic freedom and capitalist greed, while at the same time cruel oppression of people's basic liberties has been justified in the name of communist ideals and society's interests. Either extreme is undesirable. Oscar Arias
The dictates of economics, that "dismal science," limit the benefits of medical science C. Everett Koop
Expenses are nationalized; profits are privatized. Garry Kasparov
I . . . appeal to the House to consider well our interests in the Western Ocean, on our western coast, and the trade to China and India; and the ease with which it can be brought down the Missouri. What is this commerce? Thousands of years have passed by, and, year after year, all the nations of the earth have, each year, sought the rich commerce of that country; all have enjoyed the riches of the East. That trade was sought by King Solomon, by Tyre, Sidon; this wealth found its way to Egypt, and at last to Rome, to France, Portugal, Spain, Holland, England, and finally to this Republic. How vast and incomparably rich must be that country and commerce, which has never ceased, one day, from the highest point of Jewish splendor to the instant that I am speaking, to supply the whole globe with all the busy imagination of man can desire for his ease, comfort, and enjoyment! John Floyd
Where there is a complete manifestation of the Malthusian theory of population, friendliness develops with great difficulty to the point of active effort to relieve suffering; where further increase in population means increase in severity of the struggle for subsistence, aggressive benevolence is not likely to assume large proportions. On the contrary, when the cutting off of thousands by plague, or flood, or famine means more air to breathe and more land to cultivate for those who remain, stoic apathy is not hard to attain. John Dewey
Small business – the very fiber of our community life. Herbert Hoover
Before the stock market crash of 1929 approximately half of all the stock sold in America was fraudulent. President Coolidge did not believe in the Federal Government interfering with business and would not interfere. His Secretary of Commerce, Herbert Hoover however was worried about the extreme corruption of the system. By the time he succeeded Coolidge as President, it was too late. Don Ritchie
The global economy should not be supported by wage earners. They have to be able to build a future like any other human being. Segolene Royal
Antimarket, antiglobalist posture resounds among the people, because the people are afraid. Gerard Grunberg
Tonight I come before you to announce that the Federal Deficit will be simply zero. Bill Clinton
The biggest enemy of the United States is not some terrorist hiding in a cave in Afghanistan or Pakistan but our own fiscal irresponsibility David Walker
we must not be bureaucratic in our methods of mobilizing the masses. Bureaucratic leadership cannot be tolerated in economic construction any more than in any other branch of our revolutionary work. The ugly evil of bureaucracy, which no comrade likes, must be thrown into the cesspit. Mao Zedong
There is no starvation in China today. This is something that has not ever been achieved by any other government in China – ever. He Ya-Fei
As to the authority of the husband, this has always been weaker among the poor peasants because, out of economic necessity, their womenfolk have to do more manual labor than the women of the richer classes and therefore have more say and greater power of decision in family matters. Mao Zedong
Unless we get entitlement costs under control, Social Security will inevitably square off against national security. Robert Hormats
A man who could not serve in the trenches of France might nonetheless serve in the financial trenches at home…. William Gibbs McAdoo
There should not be any immigration policy. We should welcome anyone who wants to come here. Ronald E. Paul
We sell our sovereignty down the river when we become a debtor nation. Benjamin R. Barber
We find in the Word of God, that God made the Earth for the use and comfort of all Mankind, and set him in to till and dresse it, and said, That in the sweat of his brows he should eat his bread; and also we find, that God never gave it to any sort of people, that they should have it all to themselves, and shut out all the rest. but he saith, The Earth hath he given to the children of men, which is every man. Diggers
Halve the income of the country and you double the risk of civil war. Paul Collier
The oil market is the biggest failure of the free market because it did not take into account the environmental damage. Eleanor Clift
The Democratic party favors low tariffs and no surplus in the treasury; but when its opponents, in their eagerness to favor the manufacturing interest keep the tariffs so high as to accumulate a surplus in the treasury, our policy is to return the money, as nearly as may be, to the people from whom it ought not to have been taken. Lawrence O'Bryan Branch
Efficiency does not grow indefinitely with increasing size. Louis D. Brandeis
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, that a mint shall be established. United States Congress
Each man has an equal social right to multiply his power of motion by all the social factors of civilization. Private property in any of these factors is inconsistent with this fundamental right; it must, obviously, prove a source of economic despotism and industrial slavery.” Daniel DeLeon
The Democratic free trader declared that protection was robbery; on the other hand, the Republican protectionist pronounced free trade unpatriotic. The free trader argued that the tariff was like an artificial mountain raised at the gates of the nation and, thereby, increasing the cost of goods. “Tear down these mountains,” said he, “and prices will decline.” That is all true, but we Socialists know that if the artificial mountains of the tariff are removed, prices will go down true enough, but seeing labor is a merchandise under the capitalist system of production, its own price, wages, must go down along with that of all other merchandise. The advantage, accordingly, of lower prices is lost to the working class Daniel DeLeon
There is no “equality before the law” possible but between men economically free. Daniel DeLeon
In one year malaria kills 15 times more people in the world than AIDS has ever done…Malaria also keeps people down . They cannot man their economy. Paul Driessen
What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war. Henry George
Labor is, on the one hand, more and more furnished by a class; Property or Capital, on the other, held and controlled by another class. Here you have workers without property—the proletariat. There you have property without work—or capital…. The workers without property are excluded from their products, from the riches they create—which accumulate in the hands of the property holders, capitalists and large land-owners. Jules Guesde; Jules Bazile
Organize, transport your class antagonisms from the economic sphere, where they are perpetrated against you, where they alone can succeed. Take power, become the master of the state. Then, instead of being subject to capitalist law you will make socialist law. Jules Guesde; Jules Bazile
War between the proletariat and the capitalist for their respective shares in the produce; on one side, wages, on the other, profits; each side exerting itself to carry off a maximum. Man becomes a wolf for his fellow-man. It is a question of eating one’s brother or being eaten by him. War between workers and workers for the sharing of wages. War between capitalists and capitalists for the sharing of profits. Jules Guesde; Jules Bazile
Bragg has been defeated at Chattanooga with great loss-abandoned Look Out Mountain and fell back we don't know where. The worst news of the war for us here. It looks as if we are to be exterminated. I now anticipate nothing better James Henry Hammond
The strength of a nation depends in a great measure upon its wealth … James Henry Hammond
These are terrible times. All our young in the Armies, not [any] men left to suppress a Negro insurrection …. As yet I have not sold a lock of Cotton James Henry Hammond
What would happen if no cotton was furnished for three years? …. You dare not make war on cotton. No power on earth dares to make war upon it. Cotton is king. James Henry Hammond
The people who are banking on Oriental trade are bound to be disappointed. The United States cannot compete with foreign countries until we can manufacture products at a lower cost, which means cheaper labor James Jerome Hill
African slavery is the corner-stone of the industrial, social, and political fabric of the South; and whatever wars against it, wars against her very existence. Strike down the institution of African slavery and you reduce the South to depopulation and barbarism. Lawrence Massillon Keitt
To force the capitalists to improve their machines of wood and iron it is necessary to raise wages and diminish the working hours of the machines of flesh and blood Paul Lafargue
To fulfill his double social function of non-producer and over-consumer, the capitalist was not only obliged to violate his modest taste, to lose his laborious habits of two centuries ago and to give himself up to unbounded luxury, spicy indigestibles and syphilitic debauches, but also to withdraw from productive labor an enormous mass of men in order to enlist them as his assistants. Paul Lafargue
Those going to Russia undertake to work their hardest and with the greatest efficiency and discipline exceeding those of capitalist standards, as otherwise Russia will not be able to outstrip capitalism or even catch up with it. Vladimir Lenin
Even the predatory wars of the most backward African tribes can be reduced to economic causes. Wilhelm Liebknecht
Cheap goods are the artillery for battering down Chinese walls and for overcoming the obstinate hatred entertained against foreigners by semi-civilised nations Karl Marx
No social order is ever destroyed before all the productive forces for which it is sufficient have been developed, and new superior relations of production never replace older ones before the material conditions for their existence have matured within the framework of the old society. Karl Marx
Before the time of the conquest, the Irish people knew nothing of absolute property in land. The land belonged to the entire sept; the chief was Little more than the managing member of the association. The feudal idea which came in with the conquest was associated with foreign dominion, and has never to this day been recognized by the moral sentiment of the people John Stuart Mill
The profit-grinding system is maintained by competition, or veiled war, not only between the conflicting classes, but also within the classes themselves: there is always war among the workers for bare subsistence, and among their masters, the employers and middle-men, for the share of the profit wrung out of the workers; lastly, there is competition always, and sometimes open war, among the nations of the civilised world for their share of the world-market. William Morris
You cannot create by decrees conditions which are alien to the very character of the existing economic relations. Georgi Valentinovich Plekhanov
The arguments of the protectionists in favor of creating home markets by protecting duties, operating to exclude the taxed foreign commodities, if addressed to the manufacturing and bountied States, would be impregnable. For these States pay but a small proportion of the costs, and enjoy nearly all the benefits of the home markets so created Edmund Ruffin
All citizens have the right to engage in industrial and commercial occupations. This right is founded on: (1) The right to hold property in houses, including the right to sell them, … (2) The right to make contracts with local authorities to build on urban and rural land, with the right of ownership for 49 years. (3) The right to own houses, factories and workshops, industrial and commercial undertakings, machinery, and means of production, agricultural and industrial property, financial capital. (4) The right to mortgage these properties or to borrow money on land. (5) The right to inventions, trade marks, and author’s royalties. (6) The right of married people and their children to testamentary or legal inheritance, up to 10,000 gold rubles, the right of legal enforcement of contracts. Russia
In order to do away with the parasitic classes of society and organize the economic life of the country, universal labor duty is introduced. Russia
Private ownership of land is abolished. The entire land fund is declared the property of the nation and turned over free of cost to the toilers on the basis of equal right to its use. Russia
The Constituent Assembly ratifies the transfer of all banks to the ownership of the workers' and peasants' government as one of the conditions for the emancipation of the toiling masses from the yoke of capitalism. Russia
The Constituent Assembly sets for itself as a fundamental task the suppression of all forms of exploitation of man by man and the complete abolition of class distinctions in society. It aims to crush unmercifully the exploiter, to reorganize society on a socialistic basis, and to bring about the triumph of Socialism throughout the world Russia
it's no longer sufficient just to be militarily proficient. You really need to understand dimensions beyond the military dimensions. You need to understand politics and economics. And you need to understand cultures. There aren't pure military operations anymore, as such. It's become very diluted. And you need to understand those other dimensions clearly Anthony Zinni
Shall we encourage our young men to be farmers and mechanics? Yes, a thousand times yes, encourage them to become producers as well as consumers, to be owners and tillers of the soil as well as cultivators and rentors; teach them that it is just as honorable to be an honest farmer as to be a lawyer, teacher or a preacher, and the royal road to success and happiness is built on honest labor, either of muscle or brain. Benjamin William Arnett
I know that there is a visionary dogma which holds that negro slaves cannot be the subject of property. I shall not dwell on the speculative abstraction. That IS property which the law declares TO BE property. Two hundred years of legislation have sanctified and sanctioned negro slaves as property. Henry Clay
The moment that the incontestable fact is admitted, that the slaves are property, the law of movable property irresistibly attaches itself to them, and secures the right of carrying them from one State to another. Henry Clay
The third impediment to immediate abolition [of slavery] is to be found in the immense amount of capital which is invested in slave property. The total value of slave property then, by estimate, is twelve hundred millions of dollars. And now it is rashly proposed, by a single fiat of legislation, to annihilate this immense amount of property! To annihilate it without indemnity, and without compensation to the owners. Henry Clay
The original right of property can only be justified by the accident or merit of prior occupancy Edward Gibbon
Demoralization is something I know a great deal about, all my life I have got something for nothing. That is entirely due to luck and I think a great many members opposite are in the same position. We have all got something for nothing. The question is: are we demoralized? I am not demoralized. Cynthia Mosley
To deal with entitlements we must either raise taxes, cut benefits, or borrow inordinate amounts of money. Peter G. Peterson
When in crisis did government get smaller? Peter G. Peterson
In international trade it’s always the 5 percent of that which works less well that gets most of the attention compared to the 95 percent that is functioning well. Pierre Pettigrew
The merchants of old Cairo are honest in their dealings, and if one of them is caught cheating a customer, he is mounted on a camel with a bell in his hand and paraded about the city, ringing the bell and crying out, `I have committed a misdemeanor and am suffering reproach. Whosoever tells a lie is rewarded with public disgrace.' The grocers, druggists, and peddlers furnish sacks for everything they sell, whether glass, pottery, or papers; therefore, there is no need for shoppers to take their own bags with them Nasir Khusaro
The reigning model of economic globalization threatens earth’s life systems, undermines cultural integrity and diversity, and endangers the lives of many who are poor in order that some might consume exorbitantly and a few accumulate vast wealth. Cynthia Moe-Lobeda
Consumerism is not simply a market strategy. It has become a demonic spiritual force among us Walter Brueggemann
The Church raises the question concerning the need to establish comprehensive control over transnational corporations and the processes taking place in the financial sector of economy. This control, aimed to subject any entrepreneurial and financial activity to the interests of man and people, should be exercised through all mechanisms available in society and state. Russian Orthodox Church
Sometimes crime is provoked by economic and social conditions, as well as the weak government and the absence of lawful order. Russian Orthodox Church
The Church cannot approve the alienation and re-distribution of property with violations of the rights of its legitimate owners. An exception may be made only for the alienation of property based on the law, conditioned by the interest of the majority of people and accompanied by fair compensation. Russian history has shown that the violation of these principles has always resulted in social upheavals and people's suffering Russian Orthodox Church
Africa has failed to develop because, our leaders opted for socialism and . short-sighted policies of seizing. . .private business wrecked economies by chasing off investors while taking away incentives for local business to flourish Yoweri Museveni
Because of the demand for luxury articles, they become customary, and thus come to be necessities Ibn Khaldun
Both excessively low prices and excessively high prices are disruptive to markets. It is therefore advisable that states not hold prices artificially low through subsidies or other methods of market intervention. Ibn Khaldun
Buy cheap and sell dear. Ibn Khaldun
Neither paper currency nor deposits have value as commodities, intrinsically, a 'dollar' bill is just a piece of paper. Deposits are merely book entries. Federal Reserve Bank of Chicago
From now on, depressions will be scientifically created. Charles A. Lindbergh Sr.
The Federal Reserve Act … seems to me to open the way to a vast inflation of the currency... I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency. Henry Cabot Lodge
Capitalism is very unfair but it is the only system that works. Richard Branson
More than anything else, Ohio needs jobs. Ted Strickland
No great nation that ever went off the gold standard ever remained great. Ronald Reagan
You cannot continue to pay what you don’t have. Osby Davis
We have spent years robbing Peter to pay Paul until now Paul is also broke. Osby Davis
Were the expense of war to be defrayed always by a revenue raised within the year . . . wars would in general be more speedily concluded, and less wantonly undertaken Adam Smith
The old general rule was that educated people did not perform manual labor. They managed to eat their bread, leaving the toil of producing it to the uneducated. This was not an insupportable evil to the working bees, so long as the class of drones remained very small. But now, especially in these free States, nearly all are educated--quite too nearly all, to leave the labor of the uneducated, in any wise adequate to the support of the whole. It follows from this that henceforth educated people must labor. Otherwise, education itself would become a positive and intolerable evil. No country can sustain, in idleness, more than a small percentage of its numbers. The great majority must labor at something productive. Abraham Lincoln
Free markets tend to promote democracy. Michael Mandelbaum
Free enterprise really means rich people getting richer: they have the freedom to exploit and psychologically rape their fellow human beings in the process…Capitalism is destroying the earth Helen Caldicott
The unfettered free market has been the most radically disruptive force in American life in the last generation. Hillary Clinton
This is not the time for knee jerk populist reactions to problems. These will only discourage foreign investment and make matters worse. Obiageli Ezekwesili
Good governance is an important precondition for success of government but it is not sufficient. Economic growth is necessary. Obiageli Ezekwesili
They passed NAFTA. We got the SHAFTA. Anonymous
Special interests are a roadblock wielding undue influence over policy makers. They seek to maintain short-term profits with little regard to either the long-term impact on the planet that will be inherited by our children and grand-children or the long-term economic well-being of our country. James E. Hanson
Unequal wealth distribution is a risk factor for inequality that must be attacked by policies. Pedro Solbes
The most egregious predatory states produce predatory societies. People do not get rich through productive activity and honest risk taking; they get rich by manipulating power and privilege, by stealing from the state, extracting from the weak, and shirking the law. Larry Diamond
For thousands of years, the natural tendency of elites everywhere has been to monopolize power rather than restrain it. Larry Diamond
As economic globalization brings more states into the global economy, … the first fruits of the process will often fall to those groups best positioned by history or culture to take advantage of the new opportunities for enrichment, deepening social cleavages rather than filling them in. Jerry Z. Miller
I urge the Congress to avoid running up large costs for future generations of Americans. George W. Bush
I have no doubt that our military would decisively defeat Iraq’s forces and remove Saddam. But like the proverbial dog chasing the car down the road, we must consider what we would do after we caught it. I am especially worried about the extreme difficulty of occupying Iraq with its history of autocratic rule, its balkanized ethnic tensions, and its isolated economic system. Our regime might be rejected by the Iraqi people, leading to civil unrest and even anarchy. Ike Skelton
For the accommodation of the people of every state and territory, let Congress show their wisdom by granting a national bank, with branches in each state and territory, where the capital stock shall be held by the nation for the mother bank: and by the states and territories, for the branches; and whose officers and directors shall be elected yearly by the people with wages at the rate of two dollars per day for services; which several banks shall never issue any more bills than the amount of capital stock in her vaults and the interest. The net gain of the mother bank shall be applied to the national revenue, and that of the branches to the states and territories' revenues. And the bills shall be par throughout the nation, which will mercifully cure that fatal disorder known in cities as brokerage; and leave the people's money in their own pockets. Joseph Smith, Jr.
This contempt for money is a trick developed by the rich to keep the poor without it. Mario Puzo
Markets work; morals matter. Michael Barone
The need to promote the adoption of a global currency as a vital element in the integration of the global economy is self-evident. Bahai Universal House of Justice
Gold is power Aurum est Potestas Ancient Roman Proverb
Where there is bread, there is my country. (Ubi est pane, ibi est patria.) Ancient Roman Proverb
It is essential to reduce taxes on employment and wealth creation in order to enhance our economy's competitiveness. But I don't think it's sensible today to write a Conservative budget … with specific pledges on tax reduction. David Cameron
Would you rather lead an army of slaves? Milton Friedman
The kind of hope I grew up with is missing in today's ghetto youth because of a breakdown in family life. It has its roots in slavery when often the father of the family was uprooted and sold down the river. The son would grow up and get married and, when he was unable to get a job because there were not jobs for a black man, he would get embarrassed that he could not support his family and walk out thinking, "my mother did it alone and my wife is no better." Well, that went on generation after generation, and it's no better today. There still are no jobs and welfare encourages the man to leave the family. One of the greatest problems facing the country is how to reconcile the young ghetto dweller with the rest of America. We have a large problem of ignorance, lack of opportunity, and divided families. I worry about how we are going to solve it. It's not just trying to persuade people to be nice and understanding. I've been as angry as anyone else. But most people define the end of anger as when you become well-off. I think as we resolve the breakdown of the black family, caused by slavery and continued by welfare, the problem will come closer to its solution Percy Julian
It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. Murray Rothbard
One day our grandchildren will go to museums to see what poverty was like. Muhammad Yunus
If I was asked to define socialism, I would not seek its definition in the texts of Marx or Lenin. I would rather say: it is the religion of life, and the triumph of life over death. By opening the door of employment for everyone, and allowing the gifts and virtues of all human beings to blossom, flower and be fruitful, it preserves what rightfully belongs to life, leaving death nothing but dried meat and rotten bones. Michel Aflaq
I'm not happy exporting jobs but we must move ahead in technology and patents. I don't like losing any jobs but we'll see new opportunities created selling products there. We'll have a net increase in economic activity, just as we did with free trade. It's tempting to want to protect our markets and stay closed. But at some point it all comes crashing down and you're hopelessly left behind. Then you are Russia. Mitt Romney
While protectionism doesn’t work, pure free trade doesn’t work either. Charles E. Schumer
The French social model is no longer the best one in the world. We have massive unemployment. It must change. Nicolas Sarkozy
What I like is that fact is that in America you take a chance. If you win, fine. If you don’t, this is OK. You get a second chance. Nicolas Sarkozy
I believe in capitalism but in fair capitalism. Nicolas Sarkozy
There is a moral crisis in France and it has a name. That is the crisis of labor or work. Nicolas Sarkozy
This nation is asking for action and action now. Franklin D. Roosevelt
We are not here in this world to find elegant solutions, pregnant with initiative, or to serve the ways and modes of profitable progress. No, we are here to provide for all those who are weaker and hungrier, more battered and crippled than ourselves. That is our only certain good and great purpose on earth, and if you ask me about those insoluble economic problems that may arise if the top is deprived of their initiative, I would answer 'To hell with them.' The top is greedy and mean and will always find a way to take care of themselves. They always do. Michael Foot
There is something wrong when we had more bankruptcies last year than college graduates. Hillary Clinton
That which in England we call the middle class is in America virtually the nation. Matthew Arnold
Not having a country with a financial crisis in the year is a pretty big deal to me. But something that didn’t happen is not something that people will focus on. John B. Taylor
Without international economics getting done, foreign policy doesn’t get done. Faryar Shirzad
To have success, there must be a very clear mission, a staff who understands the mission, enough autonomy to do the mission, and accountability for the success of the mission.. John B. Taylor
People believe that if they work, they should be paid a living wage…. Work has to pay. William Spriggs
What do these enemies of the human race look like? Do they wear on their foreheads a sign so that they may be told, shunned and condemned as criminals? No. On the contrary. They are the respectable ones. They are honored. They call themselves, and are called, gentlemen. What a travesty on the name, Gentlemen! They are the pillars of the state, of the church, of society. They support private and public charity out of the excess of their wealth. They endow institutions. In their private lives they are kind and considerate. They obey the law, their law, the law of property. But there is one sign by which these gentle gunmen can be told. Threaten a reduction on the profit of their money and the beast in them awakes with a snarl. They become ruthless as savages, brutal as madmen, remorseless as executioners. Such men as these must perish if the human race is to continue. There can be no permanent peace in the world while they live. Such an organization of human society as permits them to exist must be abolished Henry Norman Bethune
No sane political figure is going to say a kind word for recession--but the universally avoided truth is that there is at present no better way to increase productivity in plants, to turn impulse buyers into careful shoppers at supermarkets, and to seriously cut into rising living costs. William Safire
We could not get NAFTA passed today with the current Congress…. We’ve got to combine trade liberalization with a broad-based sharing of the fruits of our productivity. Robert E. Rubin
It’s a very difficult cultural issue. Why don’t Americans save? Robert E. Rubin
With the Clinton higher tax rates for the top two brackets, we had the longest and strongest economic expansion in U. S. history. Robert E. Rubin
Whenever you have an efficient government you have a dictatorship. Harry S Truman
A serious and explicit purpose of our foreign policy is the encouragement of a hospitable climate for investment in foreign nations. Dwight D. Eisenhower
Usually this desire for family size limitation has been laid to economic pressure... It has asserted itself among the rich and among the poor, among the intelligent and the unintelligent. It has been manifested in such horrors as infanticide, child abandonment and abortion Margaret Sanger
We are told that we must open up, that trade and commerce must be totally free. Free for whom? For rogue speculators. For anarchists wanting to destroy weak countries in their crusade for open societies, to force us to submit to the dictatorship of international manipulators. Mohamad Mahathir
The primary role of the economist is to find out the truth about the real world. Milton Friedman
We cannot point to a single definitive solution of any one of the problems that confront us — political, economic, social or moral, that is, having to do with the conduct of life. We are still beginners, and for that reason may hope to improve. Peter Medawar
The industrial competition of China would be incomparably more dangerous to Western civilization than that of any other nation … Lafcadio Hearn
I think the defining issue of our time is: Does the economic, social, and political system work for the middle class? Lawrence Summers
The drug problem in this country is a consumption issue. Glenn C. Loury
Fascism is a stimulant for a declining society.... Can fascism save China? We answer: yes Chiang Kai-shek
When you run a surplus you save it for a rainy day. You don’t spend it. Michael Bloomberg
At the end, governance is reflected in what is delivered to people. If you have a good trade agreement, for example, hopefully that will reduce prices and help exports…. I have no opinion about who is better or worse. I am not a politician. I am not in politics. I'm just a citizen. It is interesting for me to know who is doing better than the others. …We all have our perceptions. I go to visit a country, I end up in a five-star hotel in a nice city and I'm driven there and taken back and I say, ‘Wow, this is a wonderful country, it's safe.’ But I've been looked after. Is the country really safe? How do we get the facts away from perception? Mo Ibrahim
Despite the enormous historical achievements of decolonization and civil rights, African and Caribbean states remain marginalized in the world and African diasporas in their host countries. The pace, breadth and depth of the strides we have made since independence and civil rights over the last fifty years vary enormously between countries and regions, among social classes and genders, across periods and sectors. Nevertheless, our states and societies are still largely pawns rather than players on the world stage. This will not fundamentally change unless we pull all our resources—demographic, political, economic, cultural, and imaginative—to fight for our collective emancipation and empowerment. Paul Tiyambe Zeleza
Security and peace are not cheap. Bill Clinton
A lifeline to sinking men. Ernest Bevin
No organization has ever been more effective at preventing conflict than NATO. Warren Christopher
Sweden did not take part in WWII. We stayed out. None the less we received 120 million dollars in Marshall Plan aid. Henrik Liljegren
After the end of the Cold War, we have the obligation to help these Eastern European countries to enjoy the same kinds of benefits that we enjoyed 50 years ago. K. Erik Tygesen
There were severe and highly influential critics of the Marshall plan. They called it a ‘boondoggle,’ a ‘waste’ and a ‘giveaway.’ This costly program had to be sustained. Waldemar Neilson
The Russians saw the Marshall Plan as inimical; to their strategic interest in Europe if it worked. They galvanized all the communist parties in the world to oppose it. Waldemar Neilson
We are the only country that can provide world leadership, but we have to have the support of the American people to do it. Robert E. Rubin
The ultimate benefit of trade is not the generating of economic surpluses but the more efficient allocation of economic resources. Robert E. Rubin
We were instrumental in creating the United Nations and the World Bank, and now we threaten their health. Robert E. Rubin
An economically successful Africa is not only in the interest of the Africans but also is in the interest of the United States as well. Robert E. Rubin
We will export more to Latin America than Europe in the next 10 years, and we already export more to Asia than to Europe. That was unthinkable 30 years ago. Robert E. Rubin
In 1947 American corporations thought of themselves as national with offices abroad. Today, they see themselves as global corporations with headquarters in the United States. Robert E. Rubin
If you develop in the old fashioned way there are enormous costs (to the environment)….but we have to demonstrate it, not just tell people. Bill Clinton
It is not only a moral imperative that we cover everybody (with insured heath care), it has become an economic necessity. Hillary Clinton
Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions … Alan Greenspan
Globalization is very difficult to understand and almost impossible to regulate. Alan Greenspan
The free market economy provides an unparalleled example of a continuing healthy circulation of elites. In this dynamic economy, failure to keep up with competitors, failure to satisfy the demands of consumers in the best possible way, will topple elites quickly and establish new ones who do the job better. Murray Rothbard
If our civilization is destroyed, as Macaulay predicted, it will not be by his barbarians from below. Our barbarians come from above. Our great money-makers have sprung in one generation into seats of power kings do not know. The forces and the wealth are new, and have been the opportunity of new men. Without restraints of culture, experience, the pride, or even the inherited caution of class or rank, these men, intoxicated, think they are the wave instead of the float. and that they have created the business which has created them. To them science is but a never-ending repertoire of investments stored up by nature for the syndicates, government but a fountain of franchises, the nations but customers in squads… Henry Demarest Lloyd
Liberty produces wealth, and wealth destroys liberty. Henry Demarest Lloyd
Nature is rich; but everywhere man, the heir of nature, is poor. Never in this happy country or elsewhere except in the Land of Miracle, where "they did all eat and were filled"-has there been enough of anything for the people. Never since time began have all the sons and daughters of men been all warm, and all filled, and all shod and roofed. Henry Demarest Lloyd
Hard times are with us; the country is distracted; very few things are marketable at a price above the cost of production; tens of thousands are out of employment; the jails, penitentiaries, workhouses and insane asylums are full; the gold reserve at Washington is sinking; the government is running at a loss with a deficit in every department; a huge debt hangs like an appalling cloud over the country; taxes have assumed the importance of a mortgage, and 50 per cent of the public revenues are likely to go delinquent; hungered and half-starved men are banding into armies marching toward Washington; the cry of distress is heard on every hand; business is paralyzed; commerce is at a standstill; riots and strikes prevail throughout the land; William Hope Harvey; Coin Harvey
Our forefathers showed much wisdom in selecting silver, of the two metals, out of which to make the unit…. In considering which of these two metals they would thus favor by making it the unit, they were led to adopt silver because it was the most reliable. It was the most favored as money by the people. It was scattered among all the people. Men having a design to injure business by making money scarce, could not easily get hold of all the silver and hide it away, as they could gold. This was the principal reason that led them to the conclusion to select silver, the more stable of the two metals, upon which to fix the unit. It was so much handled by the people and preferred by them, that it was called the people's money. William Hope Harvey; Coin Harvey
There is no other agency of government that can overrule the actions that we take. Alan Greenspan
Laboring Poor Anonymous
The relief now given by the Poor Laws is so widely extended that no man of humanity could venture to propose their immediate abolition. Thomas Malthus
The directors of such companies, being the managers rather of other people's money than of their own, it cannot well be expected that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own. . . . Negligence and profusion must always prevail, more or less, in the management of the affairs of such a company. Adam Smith
Trade is so far here from being inconsistent with a gentleman, that, in short, trade in England makes gentlemen ; for, after a generation or two, the tradesmen's children, or at least their grandchildren, come to be as good gentlemen, statesmen, parliament-men, privy-councilors, judges, bishops, and noblemen, as those of the highest birth, and the most ancient families Daniel Defoe
An English merchant is a new species of gentleman. Samuel Johnson
I sincerely regret the loss of that set of men who are called yeomen . . . who really kept up the independence of the nation, and I am loth to see their lands now in the hands of monopolizing lords. Arthur Young
The historical method is often deemed conservative, because it traces the gradual and stately growth of our venerable institutions; but it may exercise a precisely opposite influence by showing the gross injustice which was blindly perpetrated during this growth. The historical method is supposed to prove that economic changes have been the inevitable outcome of natural laws. It just as often proves them to have been brought about by the self-seeking action of dominant classes. Arnold J. Toynbee
while the modern historical school of economists appear to be only exploring the monuments of the past, they are really shaking the foundations of many of our institutions in the present. Arnold J. Toynbee
All our measures should tend towards the immediate encouragement of our woolen manufactures, which must be looked upon as the basis of our wealth. George Berkeley
As capital is thus the most essential element in setting industry in motion, so it is by the amount of it, that the productiveness of that industry is chiefly determined. Adam Smith
When men unite in large societies, they cannot each take an active part in what concerns the common good. They are obliged to delegate their individual powers and rights to act, in things relating to it, to several, or to one. John Rae
The general consumption of any commodity by the vulgar lessens, on the contrary, in many minds, the pleasure it would otherwise give. It brings down the individual, in this particular, to a level with the lowest John Rae
The second evil arising from the practice of banking, has its origin, in the system of credit itself; and the shock which, as it is rounded on prevailing opinion, it is liable to receive from whatever shakes public confidence. John Rae
Whoever ventures to attack a system received so generally, and supported by so great a weight of authority, is exposed to various evils. They who have embraced its principles are apt to slight and neglect, or, if that may not he, to conceive it their business to overthrow the heterodox doctrines. What of error they may contain is eagerly seized on, what of truth, is overlooked. John Rae
I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil …. Whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the world economy Alan Greenspan
If the principle product of the Middle East were broccoli, we would not worry about the Middle East. George Will
I will use all my influence in trying to remove from our factory system the cruelties which are practiced in our mills. Richard Oastler
The Undertaker Ayn Rand
I would engage in a sort of syntax destruction that would sound like I was answering the question but actually was not. Alan Greenspan
We are one government. The Federal Reserve is not the foreign enemy. Alan Greenspan
You don’t just go to a summit meeting and say, ‘What do we talk about?’ These things require much planning. Each one of these meeting has consequences and we have to make sure we have the right consequences. Wesley Clark
Economic democracy and political democracy are like two legs of a person. They must go side by side…. Once people know about their rights and claim their rights, nothing is going to stop them. Wu Qing
In every generation good men have been perplexed by the paradoxical relation between moral and economic values. Herbert A. L. Fisher
The whole surface of our globe can afford room and support only to such a number of all sorts of creatures, and by their doubling, trebling or any other multiplication of their kind, they must starve or devour one another. The world is now well-peopled ... neither too full nor too empty and if too many the length of life will be reduced …. plague and war may be, not only a just punishment of the sins of men, but also a wise means to keep the balance of mankind even. John Derham
Massachusetts can not thrive until we get in a stock of slaves sufficient to do all our business. Emanuel Downing
It is evident of what great concernment it is to a Prince [a ruler], to encourage and increase the trade, and manufacture of his own people. Samuel Fortrey
People and plenty are commonly the begetters the one of the other, if rightly ordered. Samuel Fortrey
Private advantages are often impediments of publick Profit…publick profits should be in a single power to direct, whose Interest is only the benefit of the whole Samuel Fortrey
To give the like liberty and privilege to foreigners, that English-men have, might be a means to undo the natives; for foreigners by their Correspondents abroad, and industry at home, will gain all the trade to themselves, and also by purchasing of estates, will make our land much the dearer. Samuel Fortrey
Two things … appear to be chiefly necessary to make a nation great and powerful, which is to be rich and populous. Samuel Fortrey
It was formerly a common expedient with kings and states to debase the coin, that they might the easier pay their debts in a depreciated currency; Richard Hildreth
The currency of any country, whether it be coin or bank-notes, cannot be increased beyond the mercantile wants of that country, without producing a depreciation in the parts which compose the currency. Richard Hildreth
[Describing England:] In the year 1796, the alarm of an apprehended French invasion reached a great height. The [government cabinet] ministers were suspected, and not without reason, of fomenting this alarm, for the sake of strengthening their popularity, and keeping up the national frenzy against the French republicans, which was now beginning to flag. Richard Hildreth
There is a means of producing a uniform currency throughout the United States, and thereby greatly facilitating the commercial intercourse of the country, perfectly consistent with free competition in banking, and infinitely preferable to the resort to a National Bank. Richard Hildreth
Trade will no longer lie at the mercy of ignorant and reckless politicians, or at the mercy, no less to be deprecated, of a few purse-proud, domineering, dictatorial bank directors, who care not what mischief they do if they can but perpetuate their own exclusive privileges. Richard Hildreth
Every immigrant, rich or poor, must add to our wealth and strength. John Laurance
He that sells his corn in a town pressed with famine at the utmost rate he can get for it does no unjustice against the common rule of traffic, yet if he carry it away unless they will give him more than they are able, or extorts so much from their present necessity as not to leave them the means of subsistence afterwards, he offends against the common rule of charity as a man John Locke
What anyone has he may value at what rate he will and transgresses not against justice if he sells it at any price provided he makes no distinction of buyers but parts with it as cheap to this as he would to any other buyer. John Locke
Governments should ensure the adequate capitalization of domestic banks, so that these banks won’t have to be bailed out by the IMF [International Monetary Fund]. Alan H. Meltzer
Many of the worst crises occur when there is a financial collapse in a country with pegged exchange rates. Both successful and unsuccessful defenses of a pegged exchange rate require large expenditure of foreign exchange reserves that could be used for investment or consumption. Both also require strong deflationary measures that severely reduce income, wealth, and living standards. Alan H. Meltzer
More people in more countries, both developing and developed, have experienced larger increases in living standards than in any prior fifty year period. Alan H. Meltzer
As for Physicians, it is not hard by the help of the observations which have been lately made upon the Bills of Mortality, to know how many are sick in London by the number of them that dye, and by the proportions of the City to find out the same of the Country; and by both, by the advice of the learned College of that Faculty to calculate how many Physicians were requisite for the whole Nation; and consequently, how many Students in that are art to permit and encourage; and lastly, having calculated these numbers, to adopt a proportion of Chyrurgeons [doctors], Apothecaries, and Nurses to them, and so by the whole to cut off and extinguish that infinite swarm of vain pretenders unto, and abusers of that God-like Faculty William Petty
As wiser Physicians tamper not excessively with their Patients, rather observing and complying with the motions of nature, then contradicting it with vehement Administrations of their own; so in Politicks and Economics the same must be used; William Petty
Fewness of people, is real poverty; and a Nation wherein are Eight Millions of people, are more than twice as rich as the same scope of Land wherein are but Four William Petty
It is unjust to let any starve, when we think it just to limit the wages of the poor, so as they can lay up nothing against the time of their impotency and want of work. William Petty
Plenty of people must also cause cheapness in wages, which cause cheapness in manufacture. William Petty
Among the general Causes is, First, the unwillingness of the people to pay them [taxes]; arising from an opinion, that by delay and reluctancy they may wholly avoid them, with a suspicion that what is imposed is too much, or that what is collected is embezzled or ill expended, or that it is unequally levied and assessed…. Moreover, the peoples believing that Forms of Government shall in a few years produce any considerable alteration as to the wealth of the Subject; that the Form which is most ancient and present is not the best for the place; that any established family or person is not better then any new pretender, or even then the best Election that can be made; that Sovereignty is invisible, and that it is not certainly annexed unto some certain person or persons …. Causes of Civil War are also, that the Wealth of the Nation is in too few mens’ hands … the allowing Luxury in some, whilst others starve. William Petty
Russian international weakness was largely due to failures of Russian economic reforms, which made Russia extremely vulnerable, extremely dependent on foreign financial aid Alexey Arbatov
No one, nowadays, pretends that juridical action alone can directly produce any fundamental economic change, but it can certainly put the capitalist in a tight place, and the special advantage of the measures proposed is that they admit of being strengthened or relaxed without violent disturbance of the status quo. E. Belfort Bax
The main cause of trade depressions is over-production that is that want is produced by a glut of commodities. The working classes create during the period when trade is brisk more goods than are required for the market; they thereby forge their own chains, since a reaction ensues, with the result that millions are thrown out of work are deprived of the necessaries of life. E. Belfort Bax
The plundering goes merrily on. The explorer reconnoiters the ground, the missionary prepares the soil, the trader “works” it. The time is then ripe for protectorates and annexations, followed by the wholesale conversion of the refractory nation, by fire and sword it other means fail E. Belfort Bax
The strong point of England is her cheap goods. E. Belfort Bax
There are some who incline to favor a “minimum wage,” but who “kick at” a “maximum price.” Such surely forget that the capitalist could here just as easily as in the case of a rise in wages compelled by a workmen’s combination, or by any other cause, take his old profits out at the other end by raising the price of the manufactured article. E. Belfort Bax
We would surrender once and for all this chimerical notion of one day of universal rest, and institute three days a week, or if necessary more, as; days of partial rest; i.e., on which the different sections of he community would be freed from labor in turn. In this way each section would be able rely to profit, physically and mentally, by their leisure, inasmuch as they would have the advantage of the labor of the rest of the world just as another day the rest of the world would have the advantage of their labor. E. Belfort Bax
It is the mark of a truly educated person to be deeply moved by statistics. Oscar Wilde
The Sherman Act was designed to be a comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade. It rests on the premise that the unrestrained interaction of competitive forces will yield the best allocation of our economic resources, the lowest prices, the highest quality and the greatest material progress, while at the same time providing an environment conducive to the preservation of our democratic political and social institutions. Hugo Black
There are certain agreements or practices which because of their pernicious effect on competition and lack of any redeeming virtue are conclusively …. Among the practices which the courts have heretofore deemed to be unlawful in and of themselves are price fixing, division of markets, group boycotts, and tying arrangements. Hugo Black
Most chief rabbis are recognized, in some respect, by the government. That's true in England, in France, and certainly in Israel. There's an individual who represents the Jewish religion to the government, someone who stands opposite the cardinal or the archbishop. Indeed, what we have in Judaism here, as we also have in Christianity, is a kind of free market. There's no central authority that says you can only be Jewish this way and not another way. Jonathan D. Sarna
No person shall display for sale any meat described as Jewish Meat in a public place unless engaged by the Jewish Congregation of Shereth Israel. New York City
Black market sounds negative, but, in fact, everybody loved the black markets during the communist era. It was the only place that officials and others could get shoes and consumer products. There were shortages everywhere. The black market during the Soviet era was essentially the only capitalism there was. Amy L. Chua
That's what we were doing for the last twenty years, telling everybody to adopt a raw capitalism with no safety nets, no redistributive mechanisms…. I think we have to find ways to spread the benefits of global markets beyond just the small group of market-dominant minorities and foreign investors. We need to find ways to redistribute the wealth, whether it's property title and giving poor people property, land reform.... Redistributive mechanisms are tough to have if you have so much corruption. Amy L. Chua
Our rich people are not an ethnic minority. A poor person in Tennessee or Arkansas can say, "I'm not wealthy, but maybe my son or my daughter can grow up to be Bill Gates, or Bill Clinton." That's absolutely not true in countries like Zimbabwe, or Burma, or Indonesia, or Bolivia, where the majority of the people look around and they say, "Everybody who's rich belongs to a different ethnic group. Amy L. Chua
The Chinese are 3 percent of the population in Indonesia, a larger population in Malaysia; they're about 10 percent of the population in Thailand. But they are extremely economically dominant throughout Southeast Asia. Amy L. Chua
One pursues economic theory in too extreme an extent he is likely to be in trouble; you have to consider the reality and blend what you observe as reality with an ingredient of theory, and a little, just a little bit ahead of the time, then you are likely to succeed. Cho Soon
As China grows economically, in its wake you will see a greater degree of political liberalization, a greater confidence in embracing the democratic principles … Anson Chan
As long as there are jobs waiting in our country, there is no way we can stop illegal immigration at the borders. Doris Meissner
You only have to ask yourself, "What would happen if the entire population of India and China had two-car garages and were living at the technological and the economic standard that the American middle class is today?" The planet would become very rapidly uninhabitable. Perry Anderson
An economic failure becomes a radicalizing force only when an alternative exists Tariq Ali
… the marketplace, in which we regard our representatives in Congress as our designated shoppers. Joseph Tussman
The State shall guarantee coordination between a woman’s duties toward her family and her work in the society, considering her equal to man in the political, social, cultural and economic spheres without detriment to the rules of Islamic jurisprudence Egypt
China has come a long way from being a nation of opium addicts to the status of a global power Randeep Wadehra
An economist always shows two sides to the same coin and a politician pretends that the coin has just one side. Prakarsh Singh
This Enmity in all Lands will cease, for none shall dare to seek a Dominion over others, neither shall any dare to kill another, nor desire more of the Earth then another; for he that will rule over, imprison, oppresse, and kill his fellow Creatures, under what pretence soever, is a destroyer of the Creation, and an actor of the Curse, and walks contrary to the rule of righteousnesse. Gerrard Winstanley
The Work we are going about is this, To dig up Georges-Hill and the waste Ground thereabouts, and to Sow Corn, and to eat our bread together by the sweat of our brows. Gerrard Winstanley
That we may work in righteousness, and lay the Foundation of making the Earth a Common Treasury for All, both Rich and Poor, That every one that is born in the land, may be fed by the Earth his Mother that brought him forth, according to the Reason that rules in the Creation. Not Inclosing any part into any particular hand, but all as one man, working together, and feeding together as Sons of one Father, members of one Family; not one Lording over another, but all looking upon each other, as equals in the Creation; so that our Maker may be glorified in the work of his own hands. Gerrard Winstanley
Work together, Eate Bread together, Declare this all abroad. Gerrard Winstanley
England is not a Free People, till the Poor that have no Land, have a free allowance to dig and labour the Commons, and so live as Comfortably as the Landlords that live in their Inclosures. For the People have not laid out their Monies, and shed their Bloud, that their Landlords, the Norman power, should still have its liberty and freedom to rule in Tyranny … Gerrard Winstanley
Maximum Feasible Participation of the Poor Sargent Shriver
Value preferences of people change. Alan Greenspan
The real strength of the American economy is its extreme flexibility. Alan Greenspan
We purchase goods from abroad because they are obviously better or cheaper than the goods we have at home …. It’s basically a choice of the American people of what we want to do with our purchasing power. Alan Greenspan
The history of interest rates is really the history of inflation. When inflation is high, interest rates are high, and when inflation is low, interest rates are low. Alan Greenspan
In good years, [the law] does not allow the state to capture so-called surplus revenue to save them for the downside of the business cycle Jim Zelenski
Back home in Maine people tend to think that there should be a balance between money coming in and money going out in their own lives, in their businesses and the Federal government. Tom Allen
We hope our taxes continue to rise in the future — it will mean we are prospering — but we also hope that the rest of corporate America antes up along with us. Warren Buffett
If we enact laws that will produce very large budget deficits and we are not able to rein them in, it will do grave damage and destabilize the economy. Alan Greenspan
It will be found, that as some particular Men in a Town grow richer, and thrive better than others; so also do Nations, who by Trade serving the occasions of their Neighbors, supply themselves with what they have occasion for from abroad; which done, the rest is laid up, and is Silver, Gold, etc. for as I said, these being commutable for everything, and of small bulk, are still preferr'd to be laid up, till occasion shall call them out to supply other Necessaries wanted. Dudley North
When Interest is less, Trade is incourag'd, and the Merchant can be a Gainer; whereas, when it is great, the Usurer, or Money-owner takes all. The Dutch, with whom Interest is low, Trade cheaper, and under-sell us. Dudley North
Money plays the largest part in determining the course of history Karl Marx
The Federal Reserve bank buys government bonds without one penny Wright Patman
It is idle to attack Imperialism or Militarism as political expedients or policies unless the axe is laid at the economic root of the tree, and the classes for whose interest Imperialism works are shorn of the surplus revenues which seek this outlet. John A. Hobson
Progress" unstabilizes the economic world, or that it is by virtue of its mechanism a cyclical process. Joseph A. Schumpeter
The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process. Joseph A. Schumpeter
Prediction of whether or not the capitalist order will survive is, in part, a matter of terminology. Joseph A. Schumpeter
Debt is more of a problem for Blacks than racism. Being in debt is being in slavery. DeForest Soaries
Labour is the father and active principle of wealth, as lands are the mother. William Petty
The rich make life more interesting: they are a luxury a civilized society should be able to afford. William C. Davis
The prosperity of all is the interest of all. William Godwin
I am a supply sider. If you cut the right taxes, you will make more money. Rudolph W. Giuliani
The Bretton Woods agreement will enthrone a world dictatorship of private finance more complete and terrible than an Hitlerite dream. It offers no solution of world problems, but quite blatantly sets up controls which will reduce the smaller nations to vassal states and make every government the mouthpiece and tool of International Finance. It will undermine and destroy the democratic institutions. John Edward
The quality of the data and information of a social science, economics or government study is inversely proportional to its importance and social significance. Bernard R. Berelson
You can tell an awful lot about a civilization by how it spends its money. David McCullough
Knowing something and acting on that knowledge in a political setting are two different things…. Finally the markets come and hit you over the head. Paul A. Volcker
Credit default swaps were nothing more than souped up versions of things that have been around for a long time like soy bean futures Steve Forbes
We are all Keynesians now. Richard Nixon
Sometimes the statistics themselves, the means by which we perceive the economic universe, are unreliable. John Steele Gordon
We shall have world government whether or not we like it. The only question is whether World government will be achieved by conquest or consent James P. Warburg
All the perplexities, confusion and distress in America rise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation John Adams
It is a curious phenomenon in political history that a measure which has elevated the credit of the country from a state of absolute prostration to a state of exalted preeminence, should bring upon the authors of it obloquy and reproach. Alexander Hamilton
We have no strategy. It is the government that sets the strategy. All we can do it try and figure out what the government will do. Zhang Xin
Free market economics is not enough .... a free market economy can only function in a cultural and moral environment that supports it David Willetts
After World War II, the United States became the world’s undisputed leader, first by providing markets for the recovering European and Asian economies but also by offering international security. Victor D. Cha
The imperialists have also imposed on us an unjust economic order, and thereby divided our people into two groups: oppressors and oppressed. Hundreds of millions of Muslims are hungry and deprived of all form of health care and education. Ruhollah Khomeini
Every time there is an economic intensification, there is an ecological impact. James H. Barrett
Plenty is at our doorstep, but a generous use of it languishes in the very sight of the supply. Primarily this is because the rulers of the exchange of mankind's goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Franklin D. Roosevelt
The purchase of any item which helps strengthen Zionism is not permissible. Ali Khamenei
Perhaps a day might come when there would be at last be enough to go round John Maynard Keynes
Economics is a very dangerous science John Maynard Keynes
The study of economics does not seem to require any specialized gifts of an unusually high order. John Maynard Keynes
Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable John Maynard Keynes
Marxian Socialism must always remain a portent to the historians of Opinion — how a doctrine so illogical and so dull can have exercised so powerful and enduring an influence over the minds of men, and, through them, the events of history. John Maynard Keynes
In network economics, more brings more. Kevin Kelly
Change comes in various wavelengths. There are changes in the game, changes in the rules of the game, and changes in how the rules are changed Kevin Kelly
The Atlantic Slave Trade was greatest planned accumulation of wealth that the world has ever known. C. L. R. James; Johnson, J. R,
I learned my politics at Harvard and my economics in Washington….I may be the only person who came to Washington to get out of politics. Lawrence Summers
Politicians always seek a pain-free solution to economic problems, and the economists keep reminding us that there is no such thing. Evan Bayh
We are a society now that is 100 percent dependent on science. Craig Venter
Fundamentally all social and political questions are economic. Charlotte Despard
Very few people in Congress know very much about economics. Andrew Young
The Commission concludes that, as massive losses spread throughout the financial system …, many institutions failed, or would have failed but for government bailouts. As panic gripped the market, credit markets seized up, trading ground to a halt, and the stock market plunged. Lack of transparency contributed greatly to the crisis: the exposures of financial institutions to risky mortgage assets and other potential losses were unknown to market participants, and indeed many firms did not know their own exposures. Financial Crisis Inquiry Commission
If something can’t go on forever, it will stop. Herbert Stein
Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying. Norman Stewart Hughson Lamont; Baron Lamont of Lerwick
In America, innovation does not just improve our lives. It is the way we make our living. Barack Obama
There is much evidence that people are not rational, in the economist’s sense; nor do they take into account expectation, in the precise interpretation of that word. As a result, economic theory often does not correspond with what happens in the market. Some would argue that we need descriptive economics. I would argue that all should be taught about probability, utility, and MEU (maximization of expected utility) and act accordingly. Dennis Lindley
We got rich by violating one of the central tenets of economics: thou shall not sell off your capital and call it income. And yet over the past 40 years we have clear-cut the forests, fished rivers and oceans to the brink of extinction and siphoned oil from the earth as if it possessed an infinite supply. We've sold off our planet's natural capital and called it income. And now the earth, like the economy, is stripped. Kalle Lasn
Government should adjust its rates of expenditure and taxation such that total spending is neither more or less than that which is sufficient to purchase the full employment level of output at current prices. If this means there is deficit, greater borrowing, "printing money," etc., then these things in themselves are neither good or bad, they are simply the means to the desired ends of full employment and price stability. Abba Ptachya Lerner
There are three things not worth running for—a bus, a woman, or a new economic panacea; if you wait a bit, another one will come along. Derick Heathcoat-Amory
Trickle down economics says that the best way to feed the birds is to give oats to the horse. Tom Harkin
The Clarion will convert England to Socialism in seven years. British working classes are not fit for Socialism yet. Robert Blatchford
A broke nation is a weak nation. Mark Udall
Instability is never a good idea. Christine Lagarde
Dollar Diplomacy Theodore Roosevelt
Most of our financial laws are the outgrowth of experience and trial, and should not be amended without investigation and demonstration of the wisdom of the proposed changes. We must both be sure we are right and make haste slowly. William McKinley
We now live not in an economic order or a political order, but in a political economy that is closely linked with military institutions and decisions. C. Wright Mills
The division of responsibility between economics and politics is indeed one of the most difficult dilemmas with which we are confronted. "Give me a sound economic position, and I will pursue a sound policy", says the Statesman. "How can I pursue a sound policy", says the Economist, "if you do not give me a sound political position?” Muhammed Shah Aga Kahn III
The doctrine of Islamic economics is simplistic, incoherent and largely irrelevant to present economic challenges…. The real purpose of Islamic economics has not been economic improvement but cultivation of a distinct Islamic identity to resist cultural globalization. Timur Kuran
It is futile to speak of liberty as long as economic slavery exists … poverty is slavery! Peter Kropotkin
Government has always driven growth. Jeffrey R. Immelt
There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere. ...In every case the opposition could only be overcome--peacefully or by force--because of the promise of capitalism to establish equality. ...That this promise was an illusion we all know Peter Drucker
None of my Governments seem to know what to do about them Elizabeth II
For the first time since the 15th century, China is becoming a major economic power. Max Boot
We are tired of being lynched physically in Mississippi, and we are tired of being lynched spiritually and economically in the North. Martin Luther King Jr.
Global markets are the best way to allocate resources efficiently but not to do it fairly. Jacques Attali
Gerald Ford's economics is the worst thing that's happened to this country since pantyhose ruined finger-fucking. Lyndon B. Johnson
I know the Rich will oppose this; but the Richest Men are not always most beneficial to the Commonwealth, Men of Projecting Brains do most good to their Neighbours, for tho' they often hurt themselves by their Projects, yet others reap the benefit of them, and so the Publick is not hurt but helped by them, and I presume none will deny but that this Town hath been more advantaged by some Men now in it of mean Estates, then ever they were by the Richest Men in it John Colman
The dearest interests of the Southern states are involved in the adoption of measures for the support and encouragement of free laboring whites. Hezekiah Niles
We must be cognizant of the fact that the absence of economic rationality and perpetual political instability in our societies prevent us from fully benefiting from our resources as well as capabilities. In the extreme case, we find ourselves in devastating wars. Our conflict-ridden geography has substantially undercut our ability to develop economically. Natural wealth, including oil revenues has been wasted and the focus of attention has been other than human development Abdullah Gul
The precondition of all happiness…and particularly of economic and commercial development is tranquility, security and order beyond the reach of any violation. Kemal Ataturk
Energy is one of the worst bottlenecks in the development of industry and the national economy V. V. Kuibyshev
Every country has her own way of development. Wilhelm Liebknecht
The key to economic development is less in government aid, but in having a climate that will attract private capital….Free market development is the key to economic prosperity in the world. Robert E. Rubin
Economic development has a reverse gear. Allan Little
The crowd that is running Washington today has had 12 years and it failed Bill Clinton
I will not permit my government to be influenced by the markets. Itamar Augusto Cautiero Franco
All American and Israeli goods and products should be boycotted in a way that undermines American and Israeli interests so as to act as deterrence to their war against Muslims and Islam that is being waged under the pretense of fighting terrorism. This boycott should become an overwhelming trend that makes these two states feel that their economies are in a real and actual danger. Mohammad Hussein Fadlallah
The United States economy is like a poker game where the chips have become concentrated in fewer and fewer hands, and where the other fellows can stay in the game only by borrowing. When their credit runs out the game will stop. Marriner Eccles
No nation can survive politically free but economically enslaved. Thomas Clement Douglas
The capitalist system did not produce the machine age; the machine age produced the capitalist system. The material prosperity that the world has enjoyed for the last seventy-five years or one hundred years has been due to the introduction of power; steam power, then electric power and the internal combustion engine. The capitalist system or the free enterprise system - the terms are synonymous and interchangeable - was the product of the power age. The capitalist system did not produce the power age. Thomas Clement Douglas
We had massive tax cuts in the early phases of the [George W.] Bush years… The decade following was the worst growth rate in over 60 years. Neera Tanden
Labor [is], capital in slave society George Fitzhugh
We do not always act the way economists think we should, mainly because we're both less selfish and less rational than economists think we are. Economists are being indoctrinated into a cardboard version of human nature, which they hold true to such a degree that their own behavior has begun to resemble it. Francis Amasa Walker
Goods which are not shared are not goods. Fernando de Rojas
Remind your people in America that they should not lose their confidence, because when they lose their confidence, the whole world suffers. Chen Deming
Regulation is very much informed by behavioral economics. Daniel Kahneman
Land has lost its original strategic value; military forces are no longer employed primarily to conquer land, but to ensure stable economic, energy and information flows, which constitute the true resources, along with the natural resource Corrado Maria Daclon
The production of goods had become an end in itself and the consumption of goods only the means to further production. Lionel Trilling
Economic Man faces a merciless world alone and unaided, his hand against every other's. Lionel Trilling
Lobbyists can pay consultants to do studies that say anything. John Walke
An elite has prospered with our kinds of institutions, but the same cannot be said of the masses. Niall Ferguson
With globalization we do not have as much control over our economy as we used to. Charles A. Kupchan
We encourage all members, as citizens of the nation, to be actively involved in the political process, and to support those measures which will strengthen the community, state, and nation—morally, economically, and culturally. Spencer W. Kimball
An industrialist's answer [to inflation] is to charge more for his product to the public, never to cut his own profits. Labor's answer is even more natural. Since the worker would have to change his entire mode of life, labor asks for higher wages to cover the higher expenses. Eleanor Roosevelt
The rich men, in free society, may, if they please, lounge about town, visit clubs, attend the theatre, and have no other trouble than that of collecting rents, interest and dividends of stock. In a well constituted slave society, there should be no idlers. But we cannot divine how the capitalists in free society are to put to work. The master labors for the slave, they exchange industrial value. But the capitalist, living on his income, gives nothing to his subjects. He lives by mere exploitations. George Fitzhugh
95% of economics is common sense deliberately made complicated. Ha-Joon Chang
The Republicans opposed Social Security in 1933 when President Roosevelt first put it in. They didn’t want it then and they do not want it now. I would not want anyone’s grandmother to be reading the Wall Street stock market pages to figure out how she might earn more than the staff of the Social Security Administration. John Conyers
An enduring peace cannot be achieved without a strong America-- strong in the social and economic sense as well as in the military sense. Franklin D. Roosevelt
The Nation has no obligation to make America safe for incompetent businessmen or for businessmen who fail to note the trend of the times and continue the use of machinery of economics and practices of finance as outworn as the cotton spindle of 1870. Franklin D. Roosevelt
There are practices which most people believe should be ended. They include … the shifting of actual production form one locality or region to another in pursuit of the cheapest wage scale. Franklin D. Roosevelt
Many of those who represent great cities have shown their understanding and necessity of helping the agricultural third of the nation. I hope that those who represent constituencies primarily agricultural will not underestimate the importance of extending like aid to the industrial third. Franklin D. Roosevelt
The attempt to make a distinction between recovery and reform is a narrowly conceived effort to substitute the appearance of reality for reality itself. When a man is convalescing from illness, wisdom dictates not only cure of the symptoms but also removal of their cause. Franklin D. Roosevelt
We seek the definite end of preventing combinations in furtherance of monopoly and in restraint of trade Franklin D. Roosevelt
Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt William Cobbett
Money is always to be found when men are to be sent to the frontiers to be destroyed: when the object is to preserve them, it is no longer so. Voltaire; Francois-Marie
I am a socialist not because I think it is a perfect system, but half a loaf is better than no bread. The other system has been tried and found wanting Swami Vivekananda; Narendra Nath
The science is clear. The economics is clear. As usual, the politics is the problem. Jackson
Nothing of value is free. Jack Valenti
Not only there does not exist, nor can exist, any other revenue than the clear produce of land, but it is the earth also that has furnished all capitals, that form the mass of all the advances of culture and commerce. Anne Robert Jacques Turgot
If the land was divided among all the inhabitants of a country, so that each of them possessed precisely the quantity necessary for his support, and nothing more; it is evident that all of them being equal, no one would work for another. Neither would any of them possess wherewith to pay another for his labor, for each person having only such a quantity of land as was necessary to produce a subsistence, would consume all he should gather, and would not have anything to give in exchange for the labor of others. Anne Robert Jacques Turgot
State Socialism … may be described as the doctrine that all the affairs of men should be managed by the government, regardless of individual choice. Marx, its founder, concluded that the only way to abolish the class monopolies was to centralize and consolidate all industrial and commercial interests, all productive and distributive agencies, in one vast monopoly in the hands of the State. The government must become banker, manufacturer, farmer, carrier, and merchant, and in these capacities must suffer no competition. Benjamin Tucker
Monopoly and privilege must be destroyed, opportunity afforded, and competition encouraged. This is Liberty's work. Benjamin Tucker
Balanced budgets have a lot to do with National Defense. Howard Dean
War is no longer made by simply analyzed economic forces if it ever was. War is made or planned now by individual men, demagogues and dictators who play on the patriotism of their people to mislead them into a belief in the great fallacy of war when all their vaunted reforms have failed to satisfy the people they misrule. Ernest Hemingway
It reflects a reversion to the old idea that the tree can be fertilized at the top instead of at the bottom — the old trickle-down theory. Harry S Truman
All of you, I am sure, have heard many cries about Government interference with business and about "creeping socialism." I should like to remind the gentlemen who make these complaints that if events had been allowed to continue as they were going prior to March 4, 1933, most of them would have no businesses left for the Government or for anyone else to interfere with — and almost surely we would have socialism in this country, real socialism. Harry S Truman
It is a great law of social development that the movement from slavery to freedom is also a movement from security to insecurity of maintenance. Arnold J. Toynbee
It [industrial capitalism] came to be believed in as a gospel, ... from which it was regarded as little short of immoral to depart. Arnold J. Toynbee
it is easier … to stave off adversity than to preserve prosperity. Thucydides
If the laborer gets no more than the wages which his employer pays him, he is cheated ... Henry David Thoreau
In modern megalopolis the very men who make the city, who clean its streets and shovel its coal and run its subway trains, may be exiled from it when they quit work at night. To-day in New York the average worker simply cannot provide a decent home for himself on the average wage. We have been so victimized by the spirit of the real estate speculator that we have almost forgotten the logical ideal of a city as a pleasant place for common people to live together. Norman Thomas; Paul Beecher
In Socialism as in every great historic movement there are divergences of opinion and ideas. There is the sharp division between Socialists and Communists, principally on the important question of methods and tactics. Norman Thomas
… capitalism is about rewards and punishments, not just rewards. Nassim Nicholas Taleb
Only Ponzi schemes should depend on confidence. Governments should never need to “restore confidence.” Cascading rumors are a product of complex systems. Governments cannot stop the rumors. Simply, we need to be in a position to shrug off rumors, be robust in the face of them. Nassim Nicholas Taleb
When you export unprocessed goods, in simple words, you are exporting jobs, taxes, and other key economic opportunities... it is high time we stopped this outdated trade system. Frederick Tluway Sumaye
…primogeniture was founded upon the most absurd of all suppositions, the supposition that every successive generation of men have not an equal right to the earth, and to all that it possesses; but that the property of the present generation should be restrained and regulated according to the fancy of those who died perhaps five hundred years ago. Adam Smith
Lobbynomics William F. Patry
…sanctions applied to a large nation meant war. They bred “incurable hatreds”. Herbert Hoover
We [are] surrounded by endless small jets of dirty water and are not able to locate the points at which the pipe was leaking. Herbert Feis
It is absolutely necessary to tell the world both inside and outside India that the economic problem is not the only problem in the country. From the Muslim point of view the cultural problem is of much greater consequence Muhammad Iqbal
As Islam came to the world at a time when the stage of slavery was coming to an end and that of feudalism just beginning, it brought with itself laws, creeds and a discipline of life all of which were in concord with the then prevalent circumstances of economic existence. That is why it approved of slavery as well as permitted feudalism, for Islam could not anticipate the next stage of economic development nor give any system to the world for which the economic circumstances were not ripe... Muhammad Qutb
Such assets as I possessed even ten years ago have largely vanished during this period. Since I became Prime Minister, I have been unable to add to my income by any fresh writing and I have had to draw repeatedly on what capital I possessed because my salary as a Prime Minister was not adequate for my needs, limited as they were. Jawaharlal Nehru
We cannot sit in the West and prescribe for peoples in the East, whose societies and ways of life are being destabilized by Western and imperialistic religious, economic and technological initiatives -- without having walked in their shoes Pandita Indrani; Pandita Indrani
At the bottom of education, at the bottom of politics, even at the bottom of religion, there must be for our race, economic independence. Booker T. Washington
A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. Barbara Ehrenreich
America is as much an economic phenomenon as it is a nation. David Chandler
We have inherited a social system based on male domination of politics and economics. We call for the replacement of the cultural ethics of domination and control, with more cooperative ways of interacting which respect differences of opinion and gender. Green Party
The declining security of African peoples as a consequence of warfare, predatory officials, and weak economies should not be eclipsed in the international community's pursuit of anti-terrorism campaigns. Richard Joseph
Economists are very good at saying that something cannot go on forever, but not so good at saying when it will stop. Herbert Stein
Competition—ruthless, unforgiving, to-the-death competition—is a crucial feature of capitalism. Jim Stanford
Capitalism … has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed for two minutes … Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either. Jim Stanford
Never trust an economist with your job. Learn about economics yourself. And make up your own mind about what might protect your job-and what might destroy it. Jim Stanford
Who would have thought that the Republicans who made a living for decades deriding Old Europe would embrace their economic policies. Bill Clinton
There is no proletarian, not even a Communist movement, that has not operated in the interests of money, and for the time being permitted by money – and that without the idealists among its leaders having the slightest suspicion of the fact. Oswald Spengler
The universal basis of co-operation is the proportioning of benefits received to services rendered. Herbert Spencer
… markets don't look after social needs. Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs. George Soros
The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong… most of the time the trend prevails; only occasionally are the errors corrected. It is only on those occasions that one should go against the trend. This line of reasoning leads me to look for the flaw in every investment thesis. ... I am ahead of the curve. I watch out for telltale signs that a trend may be exhausted. Then I disengage from the herd and look for a different investment thesis. Or, if I think the trend has been carried to excess, I may probe going against it. George Soros
There is no single sustainable model for national success. … the American model, which has indeed been successful, is not available to others, because our success depends greatly on our dominant position at the center of the global capitalist system, and we are not willing to yield it. George Soros
The great struggles of the twentieth century between liberty and totalitarianism ended with a decisive victory for the forces of freedom and a single sustainable model for national success: freedom, democracy, and free enterprise. National Security Council
I would like to see the word 'nationalization' banned from the socialist vocabulary. Philip Snowden Ickornshaw
Is there not some justification for the opinion that the United States owe their very existence to the Jews? And if this be so, how much more can it be asserted that Jewish influence made the United States just what they are—that is, American? For what we call Americanism is nothing else, if we may say so, than the Jewish spirit distilled. Werner Sombart
Politically, economically and philosophically the motive of self-interest not only is but must...and ought to be the mainspring of human conduct... Frederick Elwin Smith Birkenhead
The world you perceive is a drastically simplified model of the real world. Herbert A. Simon
Although capitalism is, in principle, strongly individualistic, it has contributed in practice to reinforce the trend to integration, because it has made our lives more and more interdependent. Amartya Sen
Nothing is so treacherous as the obvious. Joseph A. Schumpeter
The capitalist process shapes things and souls for socialism. Joseph A. Schumpeter
Situations emerge in the process of creative destruction in which many firms may have to perish that nevertheless would be able to live on vigorously and usefully if they could weather a particular storm. Joseph A. Schumpeter
Any existing structures and all the conditions of doing business are always in a process of change. Every situation is being upset before it has had time to work itself out. Economic progress, in a capitalist society, means turmoil. Joseph A. Schumpeter
Triumphant capitalism has unleashed a powerful drive toward inequality, not improvement, in the social sphere. Herbert Irving Schiller
My so-called foreign friends do neither me nor the situation nor themselves any good when they try to bring me into opposition to the allegedly impossible National Socialist economic theories and declare me to some extent the protector of economic reason. I can assure you that everything I say and do has the complete approval of the Fuhrer and that I would not say or do anything that does not have his approval. Hjalmar Schacht
How many other opinions, as universally prevailing and as much respected, will … pass away? Jean-Baptiste Say
Opulent, civilized, and industrious nations, are greater consumers than poor ones, because they are infinitely greater producers. Jean-Baptiste Say
I have made no distinction between the circulation of goods and of money, because there really is none. Jean-Baptiste Say
The problem is … that many African states lack the capacity to establish the crucial conditions for capital accumulation and, additionally, act in economically irrational ways. This non-developmental or even anti-developmental thrust is manifest in the mismanagement, inefficiency, and pervasive corruption of the public sector as well as political instability and the inability to prevent widespread evasion of laws and regulations. John Richard Sandbrook
The number of hypotheses and theories about climate change are numerous. Quite naturally they have caught the public attention, as any proof of past climactic change points to the possibility of future climate change, which inevitably will have significant implications for global economics. Eduard Bruckner
Science in our technical age has social, economic, and political functions, and however remote one's own work is from technical application it is a link in the chain of actions and decisions which determine the fate of the human race. Max Born
The advancement and perfection of mathematics are intimately connected with the prosperity of the State. Napoleon Bonaparte
Socialism proposes no adequate substitute for the motive of enlightened selfishness that to-day is at the basis of all human labor and effort, enterprise and new activity. William Howard Taft
The one thing about markets is that they do not give any advance notice. If they did, they would be arbitraged away. Alan Greenspan
In Japan, there was no comparable (to our competitive economy) organic development; when the country was suddenly thrown open, the very idea of 'competition' was strange to them, and when Western economic writings were first translated into Japanese, it was necessary to make a new word for it. It was a combination of the Japanese words for 'race' and 'fight.' Arthur Koestler
As the first generation of Chinese Communism passes, we are baffled by its unexpected successes Leland Hazard
The industrial competition of China would be incomparably more dangerous to Western civilization than that of any other nation, not only because of its multiformity, but also because it is a competition to which nature has set no climatic limits. Thrifty and patient and cunning as Jews, the Chinese can accommodate themselves to any climate and to any environment….. Once China has been penetrated by the forces of Western civilization, her population will begin to display new activities, and to expand in all possible directions. Chinese competition will have to be faced, probably, very much sooner than had been expected. Lafcadio Hearn
Just beyond the horizon of current events lie two possible political futures -- both bleak, neither democratic. The first is a retribalization of large swaths of humankind by war and bloodshed: a threatened Lebanonization of national states in which culture is pitted against culture, people against people, tribe against tribe -- a Jihad in the name of a hundred narrowly conceived faiths against every kind of interdependence, every kind of artificial social cooperation and civic mutuality. The second is being borne in on us by the onrush of economic and ecological forces that demand integration and uniformity and that mesmerize the world with fast music, fast computers, and fast food -- with MTV, Macintosh, and McDonald's, pressing nations into one commercially homogenous global network: one McWorld tied together by technology, ecology, communications, and commerce. The planet is falling precipitantly apart and coming reluctantly together at the very same moment Benjamin R. Barber
The supply-side theory was not a new economic theory at all but only new language and argument to conceal a hoary old Republican doctrine: give the tax cuts to the top brackets, the wealthiest individuals and largest enterprises, and let the good effects 'trickle down' through the economy to reach everyone else. William Greider
The outstanding ground for cheerfulness lies, I think, in this -- that the system has shown already its capacity to stand an almost inconceivable strain.... This remarkable capacity of the system to take punishment is the best reason for hoping that we still have time to rally the constructive forces of the world. John Maynard Keynes
In May 1961 when I took over power as the leader of the revolutionary group, I honestly felt as if I had been given a pilfered household or bankrupt firm to manage. Around me I could find little hope of encouragement. The outlook was bleak. But i had to rise above this pessimism to rehabilitate the household. I had to destroy, once and for all, the vicious circle of poverty and economic stagnation. Only by reforming the economic structure would we lay a foundation for decent living standards. Park Chung-hee
At the bottom of the Wealth curve Men and Women starve and children die young. In the broad middle of the curve all is turmoil and motion: people rising and falling, climbing by talent or luck and falling by alcoholism, tuberculosis and other kinds of unfitness. At the very top sit the elite of the elite, who control wealth and power for a time – until they are unseated through revolution or upheaval by a new aristocratic class. There is no progress in human history. Democracy is a fraud. Human nature is primitive, emotional, unyielding. The smarter, abler, stronger, and shrewder take the lion's share. The weak starve, lest society become degenerate: Vilfredo Pareto
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
Middle class prosperity—economics—depended on middle class power—politics. Hedrick Smith
If a foreign country can make a good cheaper than we can better buy it from them. Adam Smith
Over the past 65 years changes in the top tax rate do not appear correlated with economic growth. David Leonhardt
Nowhere is woman treated according to the merit of her work, but rather as a sex. It is therefore almost inevitable that she should pay for her right to exist, to keep a position in whatever line, with sex favors. Thus it is merely a question of degree whether she sells herself to one man, in or out of marriage, or to many men!... The economic and social inferiority of woman is responsible for prostitution. Emma Goldman
Any system of economics is bankrupt if it sees either value or virtue in unemployment. Jimmy Carter
Human resources are the most valuable assets the world has. Eleanor Roosevelt
They [the conservative Republicans] have tried to sell us this trickle down fairy dust before. Barack Obama
Economics, never a science, has always been politics in disguise Hazel Henderson
The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent. John Kenneth Galbraith
Money plays the largest part in determining the course of history. Karl Marx
The few who understand the system [of banking with capitalism] will either be so interested in its profits or be so dependent upon its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests Mayer Amschel Rothschild
We need to know what are the best jobs for which we can train young people so that the jobs will be available in growing numbers, are not dead end jobs, the jobs will not be obsoleted by automation, and there are no artificial ethnic or racial barriers to employment. Your Bureau of Labor Statistics has been working on this for 8 weeks now, and you come with your staff and say that you do not have sufficient data to make this judgment. Well if there were sufficient data, we could apply it and make the decisions without you. The reason we need your expertise is that your intuition and experience should enable you to make a better guess with the insufficient information than we would make who have no experience. Adam Yarmolinsky
If any one owe a debt for a loan, and a storm prostrates the grain, or the harvest fail, or the grain does not grow for lack of water; in that year he need not give his creditor any grain, he washes his debt-tablet in water and pays no rent for this year. Hammurabi
The American system is the most ingenious system of control in world history. With a country so rich in natural resources, talent, and labor power, the system can afford to distribute just enough wealth to just enough people to limit discontent to a troublesome minority. Howard Zinn
As we look deeper for the soul of capitalism, we find that, in the terms of ordinary human existence, American capitalism doesn't appear to have one. William Greider
Many a dormant moral issue is brought to life by economic pressure. Lewis F. Korns
It takes just as much work to do a study of something that is unimportant as it does to study something important, so why not pick something important where you may affect the world. Lawrence Summers
In times of industrial depression, or great increase in the cost of living, whether brought about by war or by the ebb and flow of world prosperity, these populations, oppressed with misery, turn to political remedies for matters that are beyond human control. Herbert Hoover
We shall find as we go on with the war and its increasing economic disruption, that first one commodity then another will need to be taken under control... So long as demand and supply have free play in a commodity we had best leave it alone. Our attention to the break in normal economic control in other commodities must be designed to repair the break, not to set up new economic systems or theories. Herbert Hoover
Erskine Bowles and I know that we have been successful with this commission because we have pissed off almost everyone in America. Alan K. Simpson
The real danger of the Cotton dynasty lies not in the hostility of the North, but in the exigencies of the market abroad;. Charles Francis Adams II
The laws of trade must be the great teacher. Charles Francis Adams II
I once gave a lecture in Japan where I was asked not to mention the end of the Universe lest it affect the Japanese stock market. Stephen Hawking
How did we get into this mess? Because the press, during the 1980s committed one of the greatest crimes of the 20th century. The media took a dive, caved in, and did not tell the American people the price they would eventually pay for Reaganomics. Carl T. Rowan Jr.
Our revenue laws have operated in many ways to the unfair advantage of the few, and they have done little to prevent an unjust concentration of wealth and economic power. Franklin D. Roosevelt
Human resources are the most valuable assets the world has. Eleanor Roosevelt
Depression is a situation of self-fulfilling pessimism. Joan Robinson
... the misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all. Joan Robinson
The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error. David Ricardo
Whoever claims that economic competition represents "survival of the fittest" in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics…. The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth. George Reisman
The presumed causes of Americas troubles can be summed up simply: the evils of unlimited competition, and abuses by those with economic power. Charles A. Reich
We have to stop allowing economics to be used as a trump card. Capitalism is like math. It is amoral. It is good at producing wealth; it's bad at distributing wealth. Unless it operates within a moral framework it will produce an unjust society. Charley Reese
Economic systems ... have never arranged themselves by themselves. It is men who do the ordering according to their attitudes, desires and understanding of things. Changes take place, not independent of man's will, but on account of man's will. Gora; Goparaju Ramachandra
We do not yet have a politics that is equal to the economics around us. Bob Rae
A basic contradiction between socialism and the market economy does not exist. Deng Xiaoping
When old men decided to barter young men for pride and profit, the transaction was called war. Len Deighton
The paramount question of the day is not political, is not religious, but is economic. The crying-out demand of today is for a circle of principles that shall forever make it impossible for one man to control another by controlling the means of his existence. Voltairine de Cleyre
Economic theory does not work with human beings. We are far too messy. Jeremy Grantham
The best industrial policy is competition. Feng Xingyuan
The moral foundations of a society do not extend only to its political system; they must extend to its economic system as well. America's commitment to capitalism is unquestionably the best example of this principle. Capitalism is not, contrary to what those on the left have tried to argue, an amoral system based on selfishness, greed, and exploitation. It is a moral system based on a biblical ethic. There is no other comparable system that has raised the standard of living of millions of people, created vast new wealth and resources, or inspired so many beneficial innovations and technologies. The wonderful thing about capitalism is that it does not discriminate against the poor, as so often has been charged; indeed, it is the only economic system that raises the poor out of poverty. Capitalism also allows nations that are not rich in natural resources to prosper. Margaret Thatcher
With us it is not a question of Bolshevism or democracy, but of life or death. Ahmed Djemal
… when I proposed to introduce the flat tax in Estonia they looked on me as I am a little bit crazy. And asked “do you know something on the economy?” and I answer “economically, no not so much.” But I think this is a great idea because it looks to work. And I didn’t know then that I would be the first one to see this, but I introduced it. I was 32, I was young and crazy, so I didn’t know what is possible and what's not, so I did impossible things. Mart Laar
Reformers will better rectify any inadequacies they detect in the market by reaping the profits available from that inadequacy than by denouncing the very system which makes meaningful reform possible. Jim Cox
The specific experience with which economics and economic statistics are concerned always refers to the past. It is history, and as such does not provide knowledge about a regularity that will manifest itself also in the future. Ludwig von Mises
The bigness and the economic “power” of the railroad companies did not impede the emergence of the motor car and the airplane. Ludwig von Mises
If one wants to avoid the recurrence of economic crises, one must avoid the expansion of credit that creates the boom and inevitably leads into the slump. Ludwig von Mises
History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government. Ludwig von Mises
Capitalism is not simply mass production, but mass production to satisfy the needs of the masses. Ludwig von Mises
The great mass of people are incapable of realizing that in economic life nothing is permanent except change. They regard the existing state of affairs as eternal; as it has been so shall it always be. Ludwig von Mises
Economics is not about goods and services; it is about human choice and action. Ludwig von Mises
The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences. Ludwig von Mises
There is no such thing as quantitative economics. Ludwig von Mises
Economics trumps environmentalism, for Democrats and Republicans. David Brooks
The big priorities will focus on the security and economic side because they really go hand in hand. Scott McLennan
Most Congressman voted for or against Dodd-Frank —nearly all along party lines—without any remotely understanding its provisions. Robert J. Kaiser
One economic blunder invariably brings in its train a series of blunders, each one more fruitful of disaster than the first. James Connolly
There is no serious statistical evidence in support of the view that tax rates at current levels have a major disincentive effect on economic growth. Lawrence Summers
I don’t do apocalypse! Lawrence Summers
Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again. John Maynard Keynes
There is no person in the least acquainted with political economy, but must be aware that the advantages resulting from the division of labour, as applicable to nations as well as individuals, depend solely and entirely on the power of exchanging subsequently the products of labour. And no one can hesitate to allow, that it is completely in the power of others to prevent such exchanges, and to destroy entirely the advantages which would otherwise result from the application of individual or national industry, to peculiar and appropriate products. Thomas Malthus
History, we now know, is not merely, of even primarily, past politics, it is also past economics, past society, past religion, past civilization, in short—past everything. Stanley Thomas Bindoff
There may be a recession in stock prices, but not anything in the nature of a crash.. Irving Fisher
The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before. Harvard Economic Society
The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before. Business Week
This crash is not going to have much effect on business. Arthur Reynolds
There will be no interruption of our permanent prosperity. Myron E. Forbes
Capitalists are generating death. Hugo Chavez
We can’t even project [budget surpluses and deficits] accurately month-to-month, much less for an entire year. Robert Byrd
As Minister of Economics, Funk accelerated the pace of rearmament and as Reichsbank president banked for the SS the gold teeth fillings of concentration camp victims, probably the most ghoulish collateral in banking history. Robert Houghwout Jackson
Competition to the economist is predatory pricing to the business person. Lewis D. Eigen
Integration in the fields of education, housing, transportation and public accommodations will be of limited extent and duration so long as fundamental economic inequality along racial lines persist. Bayard Rustin
Economies are about momentum. Gene Sperling
Washington office-holders pontificating on markets, taxes, and monetary policy are usually repeating the ideas of some dead economist, often one of whom the orator had no inkling. Kevin Phillips
The plague is upon us. One cannot well study plagues until after they have run their course. Abraham Flexner
Most important downside risks to the economy are political Jose Manuel Barroso
The Fed [Federal Reserve] is the world’s largest hedge fund. Warren Buffett
Buying securities is usually easier than selling securities. Warren Buffett
… some of us even think it is fair to expect a few people to pay more than they need to pay for a given commodity in order that a greater number of people may receive that commodity at a lower price to all. Eleanor Roosevelt
The primary purpose of organized society is to enable everybody to get a living. Prestonia Mann Martin
… there is little rhyme or reason to the going up or coming down of the [Stock] Market Eleanor Roosevelt
… when so many people seem to be beset by fears of socialism and communism, it seems particularly important that the workers of our country should have an opportunity to study the labor movement and the economic problem of the day. Only through understanding can they be expected to look at questions in a comprehensive way. Our great difficulty in the past has always been that individual groups only see their own point of view and could not understand the situation as a whole.… Those who are interested in the future development of this country must be interested in the education of the workers. Eleanor Roosevelt
The current fad in economic forecasting is to project so far into the future that no one will be around to hold you accountable. Ruchir Sharma
There’s a lot of money in making financial products whose risk few understand. Simplicity might be good for economics, but it’s lousy for Wall Street bonuses. Adam Davidson
The program you are to discuss constitutes, of course, only one phase of the arrangements which must be made between nations to ensure an orderly, harmonious world. But it is a vital phase, affecting ordinary men and women everywhere. For it concerns the basis upon which they will be able to exchange with one another the natural riches of the earth and the products of their own industry and ingenuity. Commerce is the life- blood of a free society. We must see to it that the arteries which carry that blood stream are not clogged again, as they have been in the past, by artificial barriers created through senseless economic rivalries. Franklin D. Roosevelt
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 and distant. Only through a dynamic and a soundly expanding world economy can the living standards of individual nations be advanced to levels which will permit a full realization of our hopes for the future. Franklin D. Roosevelt
Economic aggression can have no other offspring than war. It is dangerous as it is futile. Henry Morgenthau Jr.
Much of the animus toward the Soviet Union within the American political establishment is political hypocrisy born of an ideological inability to acknowledge the success of socialist economics? Harry Dexter White
Like another great mind of his time, Albert Einstein, Keynes had a preternatural ability to see relationships between complex phenomena entirely differently than generations of experts before him. Benn Steil
As for Marx, his economic value, apart from occasional … flashes of insight, is nil. John Maynard Keynes
In the history of warfare, it has generally been the case that military superiority lies with the wealthiest states and those with the most developed administrations. Hugh Kennedy
The Soviet model was defeated not only on the economic and social levels, it was defeated on a cultural level. Our society, our people, the most educated, the most intellectual, rejected that model on the cultural level because it did not respect the man. It oppressed him spiritually and politically. Mikhail Gorbachev
This growing inequality … is not only morally wrong, it’s bad economics, because when middle class families have less to spend, guess what. Businesses have fewer consumers. Barack Obama
The key to democracy has been the free market economy. Michael Mandelbaum
The financial rewards of economic change have accrued disproportionately to the most talented and well-educated members of society. Francis Fukuyama
The current crisis is not simply a market failure in which prices are not functioning properly, but a profound loss of faith in money’s capacity to tell the truth. William Davies
Today, half of the national income goes to the richest 10 percent. In 2007, the top 1 percent controlled 34.6 percent of the wealth—significantly more than the bottom 90 percent who control just 26.9 percent. Chrystia Freeland
… the individuals who are at the top of the foreign policy hierarchy, both at State and at the National Security Council, tend to be less than sophisticated … about economic issues. C. Fred Bergsten
What really matters for great powers is power—national economic and military strength—and that speaks loudly and clearly for itself. Daniel Drezner
Khomeini had spent far more time thinking about the religious penalties for fornicating with animals than how to run a modern economy. Karim Sadjadpour
We have to really get used to the fact that there is more than one center in the world politics, that the unipolar world never succeeded, that there are more growing, emerging, economic, financial powers… Sergei Lavrov
All models are wrong, but some are useful. George E. P. Box
Shaking the confidence in the American economy. This will lead investors to refrain from investing in America or participating in American companies, thus accelerating the fall of the American economy. Osama bin Laden
There can be few fields of human endeavor in which history counts for so little as in the world of finance. John Kenneth Galbraith
What is called sound economics is very often what mirrors the needs of the respectably affluent. John Kenneth Galbraith
I’ve never listened to a speech with a greater sense of approval. John Kenneth Galbraith
Economic development is a great pacifying force. John Kenneth Galbraith
The markets do numbers, not nuance. David Wessel
In prosperous times the mercantile classes often realize fortunes, which go far towards securing them against the future; but unfortunately the working classes, though they share in the general prosperity, do not share in it so largely as in the general adversity. Thomas Malthus
… these riches, that are derived from this art of wealth-getting, are truly unlimited; for just as the art of medicine is without limit in respect to health, and each of the arts is without limit in respect of its end... Aristotle
Supply creates its own demand Jean-Baptiste Say
The value of lands and houses is the best estimate of the wealth of a nation. John Witherspoon
A true socialist never hates people. He knows, that they are products of the great economical laws, which in the present society divides man into two nations of poor and rich… We socialists never hate specific individuals. But we hate the system - capitalism, militarism, reaction – and that system we scorn with a healthy, burning, eternal hatred. Ture Nerman
… competition has to shoulder the responsibility of explaining all the meaningless ideas of the economists, whereas it should rather be the economists who explain competition. Karl Marx
Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works. John Stuart Mill
All of the economic theories in the world translate themselves eventually to what happens to people in communities. Eleanor Roosevelt
We just went through the biggest housing bubble in history and now housing prices are starting to go up again. I don’t know what to make of that. Robert J. Shiller
Our ability to estimate our deficit 20 years out is nil. We should not twist our economy like a pretzel over such an projection…. Growth in the short run raises the level of long run potential. Lawrence Summers
Capitalism with airbags—the type of capitalism I am a fan of. Mark Blyth
An economic version of mutual deterrence is preserving the uneasy status quo between China and Japan. Richard Katz
Forecasting will always be somewhat of a coin toss. Alan Greenspan
Jacksonianism [populism] is always an important force in American politics; at times of social and economic stress and change … its importance tends to grow. Walter Russell Mead
If it doesn’t make economic sense, it doesn’t happen William Francis Baxter Jr.
The reduction in the size of the population and the reduction in population density … will create the danger of weakening Russia’s political. economic, and military influence in the world. Sergei V. Stepachin
Every socialist recognizes the dependence of the workingman on the capitalist. August Bebel
Slaves were at one and the same time investments (purchased and then rented out as laborers), credit (used to secure loans), property, commodities, and capital. Greg Grandin
Inflation appears to affect the entire electorate, though in reality those able to increase their earnings at the same rate of inflation would not suffer unduly. Donald Sassoon
What Capital wants … is what this Socialist Government does. Georges Marchais
Modern capitalism has no purpose except to keep the show going. Joan Violet Robinson
The political game remains predominantly national. It is usually played as if national units were more independent economically than they actually are. Loukas Tsoukalis
It is past time to acknowledge that economic growth … is good, and that what the world needs is more of it. Bjorn Lomborg
… they made the cardinal error of extrapolation. Forecasters assumed that recent trends would continue indefinitely and that hot economies would stay hot…. Euphoria overcame sound judgment, a process that has doomed economic forecasting for as long as experts have been doing it. Ruchiir Sharma
… political cycles are as important to a nation’s prospects as economic ones. Ruchiir Sharma
Nor should we assume that a nation's foreign policy is simply the logical outgrowth of general national conceptions. It is rather the result of many diverse forces, practical as well as patriotic. Walker Downer Hines
No single number has become more central to society in the past 50 years” than gross domestic product. Zachary Karabell
American economic history does not support the idea that a strong economy depends on chronic federal borrowing. Bill White (Texas politician)
The kingdom of Bhutan replaced standard economic measures with measures of happiness as long ago as 1972. Yet Bhutan’s G.D.P. per head is still one of the lowest in the world, life expectancy is relatively low and infant mortality high, so it is easy to see why the king would not want anyone to mention the economy. Zachary Karabell
The so-called leading [economic] indicators no longer answer the most important questions people are raising about how they live. Diane Coyle
Why respect the rules of the system … if the system consistently generates crises? Felix Martin
In no country in the world is the love of property more active and more anxious than in the United States. Alexis de Tocqueville
Restricting behavior in a crises is hard to do. Gerald Dwyer
Anything which dominates the life of the community should be owned by the community. Leo XIII
I have tried to suggest that injustice is not necessary economic -- that the economics can work, and has often worked, when the constituency for it is animated. The politics of equality -- that is a little harder. Robert Kuttner
I was certain that I was not a Marxist, but I did believe firmly that a connection between economics and politics existed Robert Gilpin
An emerging market is a country where politics matters at least as much as economics to the market Ian Bremmer
People reserve their best thinking for their professional specialties and, next in line, for serious matters confronting the alert citizen—economics, politics, the disposal of nuclear waste, etc. The day's work done, they want to be entertained. Saul Bellow
I dislike Communism because it is undemocratic, and capitalism because it favors exploitation. Bertrand Russell
… economic systems ... have never arranged themselves by themselves. It is men who do the ordering according to their attitudes, desires and understanding of things. Changes take place, not independent of man's will, but on account of man's wills. Civilization has progressed by man's interference with material conditions. Goparaju Ramachandra Rao
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
I started out by viewing the marketplace as a cruel place, where you need intervention by government and lawyers to protect people. But after watching the regulators work, I have come to believe that markets are magical and the best protectors of the consumer. It is my job to explain the beauties of the free market. John Stossel
We live in a quickly changing world, therefore we must foretell developments, and reforms should respond to these changes Tigran Sargsyan
Careful economic analysis does have one important benefit, which is that it can help kill ideas that are completely logically inconsistent or wildly at variance with the data. This insight covers at least 90 percent of proposed economic policies Ben Bernanke
Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much. Ben Bernanke
Any woman who stays with her abuser beyond the first incident is complicitous with him. Camille Paglia; Camile
I am not interested in dry economic socialism. We are fighting against misery, but we are also fighting against alienation. One of the fundamental objectives of Marxism is to remove interest, the factor of individual interest, and gain, from people's psychological motivations. Marx was preoccupied both with economic factors and with their repercussions on the spirit. If communism isn't interested in this too, it may be a method of distributing goods, but it will never be a revolutionary way of life. Che Guevara
An economic recession—even when it is of long duration—does not necessarily involve a decline in all trades. A. M. van der Woude
Has our society reached the limit of its resources or the maximum of its wealth and prosperity? Rutger Metelerkamp
Complexity and innovation are not always good things. Henry Paulson
You used to be our teacher, but right now, our teacher doesn’t look quite as wise. Wang Qishan
It was demographic necessities which constrained Italy to this policy of reforms; and it was also geographic necessities, for with her naturally poor south she had to overcome in some way the economic inequality between her regions. Carlo Sforza
Deterrence, of course, is all about the perception of power. It hinges on convincing adversaries that, with force, guile, or economic isolation, you can make the think twice about acting against American interests. David E. Sanger
Without the general taxes there can be no unity, and without unity, no concentration, and without this no economies can be implemented … the country is lost. Pieter Leonard van de Kasteele
Henry George espouses wild and illogical doctrines. Theodore Roosevelt
The “natural laws of economics” are in fact tools in the hands of the avaricious and the greedy for keeping down and oppressing the laboring classes. Richard T. Ely
Every Congressman, every Senator knows precisely what causes inflation...but can't, support the drastic reforms to stop it because it could cost him his job Robert A. Heinlein
Anything free is worth what you pay for it Robert A. Heinlein
Corporative economy introduces order even into economy. If there is a phenomenon which ought to be well-ordered, which ought to be directed toward certain definite aims, it is precisely the economic phenomenon, which interests the whole of the citizens. Not only industrial economy ought to be disciplined, but also agricultural economy, commercial economy, banking economy, and even the work of artisans. Benito Mussolini
Will the politicians of all countries one day understand that it is as useless to shake one's fist at economics as it was for Xerxes to flog the sea--that it is far better to set to work to study this new science, born within the last fifty years, which they have been foolish enough to ignore or never to learn? Joseph Caillaux
The economic world, like the physical world, has its laws. We may misunderstand them, but we cannot escape them. Sometimes they act with us, sometimes against us. They please us, but they never consider us. It is for us to consider them. Hippolyte Taine
Only an understanding with the peasant can save the social revolution until the revolution is ready to break out in other countries. . . . The situation is now this: either we must satisfy economically the peasant of the middle group, or it will be impossible to maintain the power of the proletariat in Russia. Vladimir Lenin; Nikolai
1918-20 was an epoch of unremitting effort to communize peasant Russia. Storm centers were created in the villages in the form of Committees of the Poor; the well-to-do peasant was to be displaced by the ne'er-do-well and the rural proletariat. A socialistic system of agriculture, with Communes and Soviet farms as features of the plan, was finally to link up rural production with the nationalized industries of the cities. Most important of all, a confiscatory socialistic tax was established ….. The peasant was allowed to retain only a certain minimum of his crop and compelled to deliver the remainder to the state. This was to be his contribution to the Worker's Republic which was supposed to have given him "peace and land.” The scheme proved to be a complete failure. Boris Alexandrovich Bakhmeteff
The paramount question of the day is not political, is not religious, but is economic. The crying-out demand of today is for a circle of principles that shall forever make it impossible for one man to control another by controlling the means of his existence. Voltairine de Cleyre
The distribution of wealth, therefore, depends on the laws and customs of society. Robert Heilbroner
It frequently happens that an element of the standard of living which set out with being primarily wasteful, ends with becoming, in the apprehension of the consumer, a necessary of life. Thorstein Veblen
The possession of wealth confers honor; it is an invidious distinction. Thorstein Veblen
Economic problems have no sharp edges. They shade off imperceptibly into politics, sociology, and ethics. Indeed, it is hardly an exaggeration to say that the ultimate answer to every economic problem lies in some other field. Kenneth Ewart Boulding
In a capitalist democracy there are essentially two methods by which social choices can be made: voting, typically used to make ‘political’ decisions, and the market mechanism, typically used to make ‘economic’ decisions. Kenneth Joseph Arrow
Ignorance alone stands in the way of socialist success… Intellectual darkness is essential to industrial slavery. Eugene V. Debs
Monetary stability is a cornerstone of the social contract. Benoit Coeure
Countries that censor news and information must recognize that from an economic standpoint, there is no distinction between censoring political speech and commercial speech. If businesses in your nations are denied access to either type of information, it will inevitably impact on growth. Hillary Clinton
The standard of what offends 'the common conscience of the community' conflicts ... with the command of the First Amendment. ... Certainly that standard would not be an acceptable one if religion, economics, politics or philosophy were involved. How does it become a constitutional standard when literature treating with sex is concerned? Any test that turns on what is offensive to the community's standards is too loose, too capricious, too destructive of freedom of expression to be squared with the First Amendment. Under that test, juries can censor, suppress, and punish what they don't like, provided the matter relates to 'sexual impurity' or has a tendency to 'excite lustful thoughts.' This is community censorship in one of its worst forms... William O. Douglas
Those who won our independence had confidence in the power of free and fearless reasoning and communication of ideas to discover and spread political and economic truth Frank Murphy
I have thought about it for 50 years, and I just don’t know. Warren Buffett
In our country are evangelists and zealots of many different political, economic and religious persuasions whose fanatical conviction is that all thought is divinely classified into two kinds -- that which is their own and that which is false and dangerous. Robert Houghwout Jackson
It is as easy to bemoan a lack of U. S. financial leadership as it is difficult to substitute for it.. Benn Steil
Nasty financial crises tend to be even worse political ones. Benn Steil
History is the single discipline from the world of learning that most informs action in the world. So if you ask world leaders what guides them in making decisions about a new circumstance that they have just encountered it is usually implicitly “a little like this” or “a little like” something else that happened in the past. They use that much more than they use political science theories or economic theories. It is “what is this like that has happened in the past”. Ashton B. Carter
None of today’s leading indicators existed a century ago. They were invented to measure the economies of the industrial nation-states of the mid-20th Century… The 21st Century, however, is proving more difficult to measure. Zachary Karabell
GDP has effectively become a proxy for national success or failure. It has the power to decide elections, overthrow governments, and launch popular movements. Zachary Karabell
Treating unemployment as a national problem is almost always a mistake. Employment trends vary dramatically by race, geography, gender and level of education. But none of that is reflected in the all-encompassing unemployment rate, and hence policies informed only by that number are bound to fall short. Zachary Karabell
We have depressions about every 10-20 years—just long enough for the current generation to forget the last depression. John Kenneth Galbraith
Global integration is changing what both nations and business enterprises are becoming, and as a result neither traditional economic remedies of the left of the right nor conventional political strategies can be counted on to work. John Kenneth Galbraith
There is one thing that I have learned about Economic Development—that it has to do with a lot more than economics. W. Averell Harriman
It’s about time we talked to Cuba instead of fighting a war that is 40 years old. Ronald E. Paul
Corporate trading is vicious in principle. The directors of such companies, being the managers rather of other people's money than of their own, it cannot well be expected that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own … Negligence and profusion must always prevail, more or less, in the management of the affairs of such a company Adam Smith
Wages tend to an equality in the same neighborhood and the same occupation. Adam Smith
While the modern historical school of economists appear to be only exploring the monuments of the past, they are really shaking the foundations of many of our institutions in the present. Arnold J. Toynbee
… a world without certainty can be richer, in all senses of the word, than a world with false convictions. Adam Davidson
Our parents’ incomes play a larger role in our personal economic fortunes than is true for other peer countries. Edward D. Kleinbard
It is true that, in theory, we can avoid the worst consequences of climate change with an intensive global effort over the next several decades. But given real-world economic and, in particular, political realities, that seems unlikely. Robert N. Stavins
… of the world’s nearly 200 economies, only 35 have reached developed status and stayed there. The rest are still emerging, and many have been emerging forever. Ruchir Sharma
I’m concerned about all areas of uncertainty. Christine Lagarde
… many, and arguably most economists were claiming right up to the moment of collapse, that nothing like this could ever happen. Paul Krugman
With the Eurozone … seeking internal balance via ever larger external imbalances in the form of current account surpluses, debtor Eurozone could only attain internal balance with ever larger external imbalances in the form of current account deficits.. Martin Wolf
The longer our graduation lines are today, the shorter our unemployment lines will be tomorrow. George W. Bush
The will of the capitalist is certainly to take as much as possible. What we have to do is not to talk about his will, but to enquire about his power, the limits of that power, and the character of those limits. Karl Marx
Political Economy regards the proletarian ... like a horse, he must receive enough to enable him to work. It does not consider him, during the time when he is not working, as a human being. Karl Marx
American economic greatness has never trickled down from the top. Barack Obama
The next time you hear some talking head opining on what we must do to satisfy the markets, ask yourself “How does he know?” For the truth is that when people talk about what markets demand, what they’re really doing is trying to bully us into doing what they themselves want. Paul Krugman
Now all of you know that right now the federal minimum wage is a starvation wage. Bernie Sanders
Manufacturers to Green when it makes more Green. Jeffery H. Toney
The Republicans called it “trickle down” when Hoover tried it. Now they call it “supply side”. But it’s the same shining city for those relative few who are lucky enough to live in its good neighborhoods. But for the people who are excluded—for the people who are locked out—all they can do is stare from a distance at that city’s glimmering towers. Mario Cuomo
The search for more good cotton-­growing soil in areas that today are such states as Texas, Arkansas, Kansas and Oklahoma was a powerful incentive to force Native Americans off their traditional lands and onto reservations, another form of violence by the “military-cotton complex”.. Adam Hochschild
The Gross National Product - if we judge the United States of America by that - that Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for the people who break them. It counts the destruction of the redwood and the loss of our natural wonder in chaotic sprawl. It counts napalm and counts nuclear warheads and armored cars for the police to fight the riots in our cities… Yet the gross national product does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country, it measures everything in short, except that which makes life worthwhile. Robert Kennedy
Distributed technology does not necessarily lead to distributed economics. Andrew Keen
When the government handed over the running of the Internet backbone to commercial Internet providers, it was the largest legal creation of wealth in the history of the planet. John Doerr
The insurance companies use their economic power to grind down working people.. James Matthew Hood
The Riches of a Country are to be valued by the Quantity of Labour its Inhabitants are able to purchase, and not by the Quantity of Silver and Gold they possess Benjamin Franklin
A market economy is to economics what democracy is to government: a decent, if flawed choice, about many bad alternatives Charles J. Wheelan
... our economy is gradually becoming a zero-sum game between financial wealth holders and the rest of America. Wallace C. Turbeville
The masses in highly industrialized countries like England, the United States, or France are largely de-Christianized. Technology, and the way of life it produces, undermines Christianity far more effectively than do violent measures. Czeslaw Milosz
The context of history proved invaluable. Ben Bernanke
Actuaries shamelessly, although often in good faith, underestimate pension obligations by as much as 50 percent. Their clients [usually politicians and political entities] want them to. Jeremy Gold
Only the man who is below the average in economic ability desires equality; those who are conscious of superior ability desire freedom; and in the end superior ability has its way. Utopias of equality are biologically doomed, and the best that the amiable philosopher can hope for is an approximate equality of legal justice and educational opportunity. Will Durant
The corrosion of our public language reflects deep pathologies — societal, cultural, economic — in the body politic. Jeff Shesol
Allowing slavery will starve the poor white laborer. James Edward Oglethorpe
European immigrants [to Great Britain] have even been a boon to public finances because they pay more in taxes than they consume in government services. Swati Dhingra
A trade war between the U.S. and China would hurt both countries, but there is reason to believe that the U.S. has more to lose. Today, 80% of global trade comprises international supply chains,” she writes. “Declining trade costs have allowed firms to splinter their production lines geographically, with goods processed and value added in multiple countries along the chain. If China threw a handful of sand in the gears of these chains, it could disrupt entire production networks, doing serious damage to the U.S…. Keyu Jin
How will we deal with a world where leisure is abundent and therte aren't enough good-paying jobs to go around? To meet this political and economic meta-challange, the hot new idea is the unioversal basic income -- using some of the wealth generated by all this new technology to guarantee everyone a baseline income, whether they are working or not. Stephen Pearlstein
Guaranteed income schemes can take various forms, but in the simplist the government sends every citizen an annual check in an amount sufficient to keep the worlf from the door when misfortune strikes, but not large enough to satisfy anyone's idea of a good life. Stephen Pearlstein
The system seems to most people as rigged, and it is. Mark Halpern
One guy cannot create a field, but one person can get others thinking. Richard Thaler
You’re twice as likely to realize the American Dream if you’re growing up in Canada rather than the U.S. Raj Chetty
The percentage of American 30-year-olds in 1970 who were earning more than their parents had earned at 30? Ninety-two percent. Isn’t that amazing? That, in a nutshell, is what we call the American Dream. And what’s the percentage now? It’s somewhere around 50 percent Stephen J. Dubner
Davos is where billionaires tell millionairs what middle class people think. Jamie Diamond
By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s. Paul Krugman
Learning from history is impossible if the narrative is wrong. Mary Anastasia O’Grady
Russia ... suffers the dubious distinction of being the most corrupt developed country in the world, and its resource-extracting, rent-seeking economic system has reached a dead end. Stephen Kotkin