Famous quotes by Economists

Small: The people made worse off by slavery were those who were enslaved. Their descendants would have been worse off
"The people made worse off by slavery were those who were enslaved. Their descendants would have been worse off today if born in Africa instead of America. Put differently, the terrible fate of their ancestors benefitted them"
Thomas Sowell, Economist
Small: The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who wa
"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics"
Thomas Sowell, Economist
Small: Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of Amer
"Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved"
Thomas Sowell, Economist
Small: Would you bet your paycheck on a weather forecast for tomorrow? If not, then why should this country bet billi
"Would you bet your paycheck on a weather forecast for tomorrow? If not, then why should this country bet billions on global warming predictions that have even less foundation?"
Thomas Sowell, Economist
Small: The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should
"The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive"
Thomas Sowell, Economist
Small: The next time some academics tell you how important diversity is, ask how many Republicans there are in their
"The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department"
Thomas Sowell, Economist
Small: Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of
Adam Smith
"Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence"
Adam Smith, Economist
Small: Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation t
Adam Smith
"Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God"
Adam Smith, Economist
Small: No society can surely be flourishing and happy, of which the far greater part of the members are poor and mise
Adam Smith
"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable"
Adam Smith, Economist
Small: Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another
Adam Smith
"Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another"
Adam Smith, Economist
Small: Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peac
Adam Smith
"Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things"
Adam Smith, Economist
Small: Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or
Adam Smith
"Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased"
Adam Smith, Economist
Small: Labor was the first price, the original purchase - money that was paid for all things
Adam Smith
"Labor was the first price, the original purchase - money that was paid for all things"
Adam Smith, Economist
Small: It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from th
Adam Smith
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest"
Adam Smith, Economist
Small: It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and
Adam Smith
"It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country"
Adam Smith, Economist
Small: I have never known much good done by those who affected to trade for the public good
Adam Smith
"I have never known much good done by those who affected to trade for the public good"
Adam Smith, Economist
Small: Humanity is the virtue of a woman, generosity that of a man
Adam Smith
"Humanity is the virtue of a woman, generosity that of a man"
Adam Smith, Economist
Small: Great ambition, the desire of real superiority, of leading and directing, seems to be altogether peculiar to m
Adam Smith
"Great ambition, the desire of real superiority, of leading and directing, seems to be altogether peculiar to man, and speech is the great instrument of ambition"
Adam Smith, Economist
Small: Consumption is the sole end and purpose of all production and the interest of the producer ought to be attende
Adam Smith
"Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer"
Adam Smith, Economist
Small: As soon as the land of any country has all become private property, the landlords, like all other men, love to
Adam Smith
"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, Economist
Small: Adventure upon all the tickets in the lottery, and you lose for certain and the greater the number of your tic
Adam Smith
"Adventure upon all the tickets in the lottery, and you lose for certain; and the greater the number of your tickets the nearer your approach to this certainty"
Adam Smith, Economist
Small: What multiculturalism boils down to is that you can praise any culture in the world except Western culture - a
"What 'multiculturalism' boils down to is that you can praise any culture in the world except Western culture - and you cannot blame any culture in the world except Western culture"
Thomas Sowell, Economist
Small: Too much of what is called education is little more than an expensive isolation from reality
"Too much of what is called "education" is little more than an expensive isolation from reality"
Thomas Sowell, Economist
Small: There are only two ways of telling the complete truth - anonymously and posthumously
"There are only two ways of telling the complete truth - anonymously and posthumously"
Thomas Sowell, Economist
Small: The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened th
"The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened that way because someone wanted it to happen that way"
Thomas Sowell, Economist
Small: The real minimum wage is zero
"The real minimum wage is zero"
Thomas Sowell, Economist
Small: The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax
"The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending"
Thomas Sowell, Economist
Small: Talkers are usually more articulate than doers, since talk is their specialty
"Talkers are usually more articulate than doers, since talk is their specialty"
Thomas Sowell, Economist
Small: Stopping illegal immigration would mean that wages would have to rise to a level where Americans would want th
"Stopping illegal immigration would mean that wages would have to rise to a level where Americans would want the jobs currently taken by illegal aliens"
Thomas Sowell, Economist
Small: Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it
"Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it"
Thomas Sowell, Economist