Economist Quotes: Insights and Wisdom from Renowned Economists (Page 2)

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

"In the history of the world, no one has ever washed a rented car"

"Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer"

"The great are only great because we are on our knees. Let us rise!"

"Class action lawsuits are an important part of our legal system. All citizens should have the right to band together and settle grievances with bigger companies, but that system is broken and it needs fixing"

Thomas Carper, Economist

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

Murray Rothbard, Economist

"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

"People who enjoy meetings should not be in charge of anything"

Thomas Sowell, Economist

"More die in the United States of too much food than of too little"

John Kenneth Galbraith, Economist

"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought"

John Kenneth Galbraith, Economist

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

John Kenneth Galbraith, Economist

"Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government"

Milton Friedman, 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

"Never let an inventor run a company. You can never get him to stop tinkering and bring something to market"

E. F. Schumacher, Economist

"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

"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable"

Adam Smith, Economist

"With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches"

Adam Smith, Economist

"The philosophy of protectionism is a philosophy of war"

Ludwig von Mises, Economist

"He who lives by the crystal ball soon learns to eat ground glass"

Edgar R. Fiedler, Economist

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

Edgar R. Fiedler, Economist

"Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like"

Martin Feldstein, Economist

"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens"

John Maynard Keynes, Economist

"Words ought to be a little wild, for they are the assaults of thoughts on the unthinking"

John Maynard Keynes, Economist

"The only way that we're going to feel secure in this country again and that we're going to feel good about ourselves is if we use these systems we've put into place to create positive change around the world. I really believe we can do that"

John Perkins, Economist

"A writer may tell me that he thinks man will ultimately become an ostrich. I cannot properly contradict him"

Thomas Malthus, Economist

"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

"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

"What is ominous is the ease with which some people go from saying that they don't like something to saying that the government should forbid it. When you go down that road, don't expect freedom to survive very long"

Thomas Sowell, Economist

"Talkers are usually more articulate than doers, since talk is their specialty"

Thomas Sowell, Economist

"Mystical references to society and its programs to help may warm the hearts of the gullible but what it really means is putting more power in the hands of bureaucrats"

Thomas Sowell, Economist

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Famous quotes by Economists