Famous quotes by Economists

"Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience"

Adam Smith, Economist

"The real tragedy of the poor is the poverty of their aspirations"

Adam Smith, Economist

"He flung himself from the room, flung himself upon his horse and rode madly off in all directions"

Stephen Leacock, Economist

"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens"

John Maynard Keynes, Economist

"There is one good thing about Marx: he was not a Keynesian"

Murray Rothbard, Economist

"The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department"

Thomas Sowell, Economist

"It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it"

Thomas Sowell, Economist

"If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten you labeled a radical 60 years ago, a liberal 30 years ago and a racist today"

Thomas Sowell, Economist

"The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way"

Milton Friedman, Economist

"The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system"

Milton Friedman, Economist

"Concentrated power is not rendered harmless by the good intentions of those who create it"

Milton Friedman, Economist

"War remains the decisive human failure"

John Kenneth Galbraith, Economist

"In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong"

John Kenneth Galbraith, Economist

"Economics is extremely useful as a form of employment for economists"

John Kenneth Galbraith, Economist

"The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else"

Frederic Bastiat, Economist

"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else"

Frederic Bastiat, Economist

"For economist the real world is often a special case"

Edgar R. Fiedler, Economist

"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

"It takes considerable knowledge just to realize the extent of your own ignorance"

Thomas Sowell, Economist

"If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win"

Thomas Sowell, Economist

"The government solution to a problem is usually as bad as the problem"

Milton Friedman, Economist

"Inflation is taxation without legislation"

Milton Friedman, Economist

"On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity"

Adam Smith, Economist

"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

"All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership"

John Kenneth Galbraith, Economist

"The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals"

Adam Smith, Economist

"The system of nature, of which man is a part, tends to be self-balancing, self-adjusting, self-cleansing. Not so with technology"

E. F. Schumacher, Economist

"To act on the belief that we possess the knowledge and the power which enable us to shape the processes of society entirely to our liking, knowledge which in fact we do not possess, is likely to make us do much harm"

Friedrich August von Hayek, Economist

"When deeds speak, words are nothing"

Pierre-Joseph Proudhon, Economist

"Ask five economists and you'll get five different answers - six if one went to Harvard"

Edgar R. Fiedler, Economist

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