Economics Quotes

Economics is a study of cause and effect relationships in an economy.

The government is indeed an institution, but “the market” is nothing more than an option for each individual to chose among numerous existing institutions, or to fashion new arrangements suited to his own situation and taste.

But the age of chivalry is gone. That of sophisters, economists, and calculators has succeeded; and the glory of Europe is extinguished forever.

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.

Economic disaster begins with a philosophy of doing less and wanting more.

Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.

I spent many years of my life as an economist and demographer. I was finally distracted by writing my novels and poetry. I’m enormously happy that was the case. I feel that with writing I have found my metier.

Choose a good disagreeable friend, if you be wise–a surly, steady, economical, rigid fellow.

In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.

It seems to me self-evident that we cannot have capitalism without capital and, very importantly, that the ultimate source of all economic capital is Nature’s capital