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Famous quotes by Economists

EconomistsFinancial experts have long been recognized for their informative and also thought-provoking quotes on the economy and its influence on society. From the knowledge of Adam Smith to the wit of John Maynard Keynes, these quotes supply an unique viewpoint on the globe of business economics. Whether you're searching for motivation or just a little bit of understanding, these quotes by financial experts are sure to give you with a much deeper understanding of the economic climate and also its results on our lives.
Small: If you put the federal government in charge of the Sahara Desert, in 5 years thered be a shortage of sand
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand"
Milton Friedman, Economist
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Small: Infinite growth of material consumption in a finite world is an impossibility
"Infinite growth of material consumption in a finite world is an impossibility"
E. F. Schumacher, Economist
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Small: The printing press is either the greatest blessing or the greatest curse of modern times, sometimes one forget
"The printing press is either the greatest blessing or the greatest curse of modern times, sometimes one forgets which it is"
E. F. Schumacher, Economist
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Small: You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and
"You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing"
Thomas Sowell, Economist
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Small: The problem isnt that Johnny cant read. The problem isnt even that Johnny cant think. The problem is that John
"The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is; he confuses it with feeling"
Thomas Sowell, Economist
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Small: There are times in politics when you must be on the right side and lose
"There are times in politics when you must be on the right side and lose"
John Kenneth Galbraith, Economist
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Small: I find that the three major administrative problems on a campus are sex for the students, athletics for the al
"I find that the three major administrative problems on a campus are sex for the students, athletics for the alumni and parking for the faculty"
Clark Kerr, Economist
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Small: When goods do not cross borders, soldiers will
"When goods do not cross borders, soldiers will"
Frederic Bastiat, Economist
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Small: If you are not prepared to use force to defend civilization, then be prepared to accept barbarism
"If you are not prepared to use force to defend civilization, then be prepared to accept barbarism"
Thomas Sowell, Economist
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Small: The German future lies in the hands of our Fuehrer
Hjalmar Schacht
"The German future lies in the hands of our Fuehrer"
Hjalmar Schacht, Economist
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Small: The process by which banks create money is so simple that the mind is repelled
"The process by which banks create money is so simple that the mind is repelled"
John Kenneth Galbraith, Economist
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Small: Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience
Adam Smith
"Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience"
Adam Smith, Economist
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Small: I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engi
"I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments"
Friedrich August von Hayek, Economist
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Small: There are few things more dishonorable than misleading the young
"There are few things more dishonorable than misleading the young"
Thomas Sowell, Economist
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Small: Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized
"Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late"
Thomas Sowell, Economist
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Small: No complaint... is more common than that of a scarcity of money
Adam Smith
"No complaint... is more common than that of a scarcity of money"
Adam Smith, Economist
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Small: All money is a matter of belief
Adam Smith
"All money is a matter of belief"
Adam Smith, Economist
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Small: The welfare state is not really about the welfare of the masses. It is about the egos of the elites
"The welfare state is not really about the welfare of the masses. It is about the egos of the elites"
Thomas Sowell, Economist
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Small: In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectabilit
"In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability"
John Kenneth Galbraith, Economist
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Small: On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity
Adam Smith
"On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity"
Adam Smith, Economist
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Small: Defense is superior to opulence
Adam Smith
"Defense is superior to opulence"
Adam Smith, Economist
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Small: The worst evils which mankind has ever had to endure were inflicted by bad governments
"The worst evils which mankind has ever had to endure were inflicted by bad governments"
Ludwig von Mises, Economist
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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
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Small: Liberalism is totalitarianism with a human face
"Liberalism is totalitarianism with a human face"
Thomas Sowell, Economist
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Small: It takes considerable knowledge just to realize the extent of your own ignorance
"It takes considerable knowledge just to realize the extent of your own ignorance"
Thomas Sowell, Economist
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Small: If all else fails, immortality can always be assured by spectacular error
"If all else fails, immortality can always be assured by spectacular error"
John Kenneth Galbraith, Economist
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Small: What were talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemp
Arthur Laffer
"What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money"
Arthur Laffer, Economist
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Small: Ask five economists and youll get five different answers - six if one went to Harvard
Edgar R. Fiedler
"Ask five economists and you'll get five different answers - six if one went to Harvard"
Edgar R. Fiedler, Economist
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Small: He flung himself from the room, flung himself upon his horse and rode madly off in all directions
"He flung himself from the room, flung himself upon his horse and rode madly off in all directions"
Stephen Leacock, Economist
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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
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