Economics Quotes

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The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.
BEN BERNANKE

Bankers Crash Economics
Ignore the stock market, ignore the economy, and buy a business you understand.
WARREN BUFFETT

Business Buy Economics Ignorance Stock Market Understand
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
THOMAS SOWELL

Economics Enough Lesson Politics Satisfaction Scarcity
The most basic question is not what is best, but who shall decide what is best.
THOMAS SOWELL

Decide Economics Inspirational Liberty
Moments are the elements of profit.
KARL MARX

Business Economics Element Moments One Liner Profit
One of the consequences of such notions as ‘entitlements’ is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.
THOMAS SOWELL

Consequences Contribution Economics People Politics Society
I fancied myself as some kind of god or an economic reformer like Keynes.
GEORGE SOROS

Economics Fancy God Kind
In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
WARREN BUFFETT

Account Achievement Appearance Economics Management Stress Substance
Clearly, only very unequal intellectual and moral standing could justify having equality imposed, whether the people want it or not, as Dworkin suggests, and only very unequal power would make it possible.
THOMAS SOWELL

Economics Equality Justice People Politics Power
Change the economic base and you will change human beings.
KARL MARX

Change Economics Human
Institutionalized rejection of difference is an absolute necessity in a profit economy which needs outsiders as surplus people.
AUDRE LORDE

Absolute Difference Economics Institution Necessary Outside People Profit Rejection
Socialism, when the last word is said, is merely a new economic and political system whereby more men can get food to eat.
JACK LONDON

Eat Economics Food Man Politics System Word
Economics is a study of cause and effect relationships in an economy.
THOMAS SOWELL

Cause Economics Economy Effect Relationship Study
What then is the intellectual advantage of civilization over primitive savagery? It is not necessarily that each civilized man has more knowledge but that he requires far less.
THOMAS SOWELL

Advantage Civil Economics Knowledge Man Requirement
Economic growth without social progress lets the great majority of the people remain in poverty, while a privileged few reap the benefits of rising abundance.
JOHN F. KENNEDY

Abundance Business Economics Growth Majority People Poverty Privilege Progress Rise Social
The truth is we are all caught in a great economic system which is heartless.
WOODROW WILSON

Economics Greatness Heart System Trap Truth
This Constitution does not reflect the thoughts, hopes and aspirations of ordinary people. It does nothing for jobs or economic growth and widens further still the democratic deficit.
NIGEL FARAGE

Aspiration Economics Growth Job Ordinary Reflection
We need a Nuremberg to put on trial the economic order that they have imposed on us, that every three years kills more men, women and children by hunger and preventable or curable diseases than the death toll in six years of the second world war.
FIDEL CASTRO

Economics Hungry Kill Man Trial War
The most vital issue of the age is whether the future progress of humanity is to be governed by the modern economic and materialistic mind of the West or by a nobler pragmatism guided, uplifted and enlightened by spiritual culture and knowledge.
SRI AUROBINDO

Culture Economics Future Humanity Issue Knowledge Progress Spiritual
To survive, our global economy must work with nature, not against it. Time to reset.
LEONARDO DICAPRIO

Against Covid-19 Economics Global Nature Survival Time Work
Innovation is the central issue in economic prosperity.
MICHAEL PORTER

Economics Innovation Issues Prosperity
Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.
EDMUND BURKE

Economics Economy Essential Expense True
Economics is more than just a way to see patterns or to unravel puzzling anomalies.
THOMAS SOWELL

Economics Pattern Puzzle
Despite a voluminous and often fervent literature on “income distribution,” the cold fact is that most income is not distributed: It is earned.
THOMAS SOWELL

Distribution Earn Economics Income Literature Money
It is here we come to the heart of the matter. The economic principle of comparative advantage’, ‘a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported.
DAVID RICARDO

Advantage Economics Growth Heart Import Manufacture Principle
Studying economics is not a good preparation for dealing with it.
GEORGE SOROS

Deal Economics Goodness Preparation Study
The study of economics does not seem to require any specialised gifts of an unusually high order.
JOHN MAYNARD KEYNES

Economics Gift Order Special Study

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