Famous quote by Henry Hazlitt

Mobile Desktop
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy it c
Like

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

- Henry Hazlitt

About this Quote

Henry Hazlitt's quote emphasizes the importance of looking past the prompt effects of any type of act or plan when considering economics. He suggests that economists should think about the long-term results of any plan, not just for one team, but for all groups. This means that financial experts need to take into consideration the potential effects of any type of policy on all stakeholders, including those who may not be quickly influenced. This quote highlights the relevance of considering the prospective consequences of any kind of policy, and also the need to think beyond the prompt effects. It also highlights the requirement to consider the influences of any type of plan on all groups, not simply those that are immediately influenced. By doing so, economic experts can make certain that any type of plan is beneficial for all stakeholders in the long-term.
Art

About the Author

Henry Hazlitt This quote is written / told by Henry Hazlitt between November 28, 1894 and July 8, 1993. He was a famous Philosopher from USA. The author also have 4 other quotes.

Go to author profile

Similar Quotes

Small: The art of medicine consists in amusing the patient while nature cures the disease - Voltaire
Voltaire
"The art of medicine consists in amusing the patient while nature cures the disease"
Voltaire, Writer
Small: Democracy is the art and science of running the circus from the monkey cage - H. L. Mencken
H. L. Mencken
"Democracy is the art and science of running the circus from the monkey cage"
H. L. Mencken, Writer
Small: Errors are not in the art but in the artificers - Isaac Newton
Isaac Newton
"Errors are not in the art but in the artificers"
Isaac Newton, Mathematician
Small: Advertising is the art of making whole lies out of half truths - Edgar A. Shoaff
"Advertising is the art of making whole lies out of half truths"
Edgar A. Shoaff
Small: Advertising is the greatest art form of the 20th century - Marshall McLuhan
"Advertising is the greatest art form of the 20th century"
Marshall McLuhan, Sociologist
Small: Art raises its head where creeds relax - Friedrich Nietzsche
Friedrich Nietzsche
"Art raises its head where creeds relax"
Friedrich Nietzsche, Philosopher
Small: Art is the lie that enables us to realize the truth - Pablo Picasso
Pablo Picasso
"Art is the lie that enables us to realize the truth"
Pablo Picasso, Artist
Small: The true art of memory is the art of attention - Samuel Johnson
Samuel Johnson
"The true art of memory is the art of attention"
Samuel Johnson, Author
Small: The art of being wise is knowing what to overlook - William James
William James
"The art of being wise is knowing what to overlook"
William James, Philosopher
Small: Simplicity and repose are the qualities that measure the true value of any work of art - Frank Lloyd Wright
Frank Lloyd Wright
"Simplicity and repose are the qualities that measure the true value of any work of art"
Frank Lloyd Wright, Architect