Economics Quotes

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)
Economics are the method; the object is to change the heart and soul. View quote
Margaret Thatcher
We have always known that heedless self-interest was bad morals; we know now that it is bad economics. View quote
Franklin D. Roosevelt
While I am interested both in economics and in philosophy, the union of my interests in the two fields far exceeds their intersection. View quote
Amartya Sen
Where there is politics or economics, there is no morality. View quote
Friedrich Schlegel
Economics is extremely useful as a form of employment for economists. View quote
John Kenneth Galbraith
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability. View quote
John Kenneth Galbraith
History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them. View quote
Bhimrao Ramji Ambedkar
Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder. View quote
John F. Kennedy
I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models. View quote
Lars Peter Hansen
Economics never was a dismal science. It should be a realistic science. (Paul Samuelson)
One is led to conclude that economics as a scientific discipline is still somewhat hanging in the air. View quote
Tjalling Koopmans
An early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns. View quote
Joseph Stiglitz
In economics, the majority is always wrong. View quote
John Kenneth Galbraith
I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium. View quote
Gérard Debreu
My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics. View quote
James Meade
Whoever claims that economic competition represents survival of the fittest in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics. View quote
George Reisman
The centrally planned economics used to consider themselves well insulated against the economic ills of the rest of the world. This is no longer the case. View quote
Lawrence Klein
It is clear that economics, if it is to be a science at all, must be a mathematical science. View quote
William Stanley Jevons
Modern economics and the welfare state borrowed heavily on the future. View quote
Gregory Benford
The science of economics hangs like a gathering fog in a valley, a fog which begins nowhere and goes nowhere, an incidental, unmeaning inconvenience to passers-by. (H. G. Wells)
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. View quote
Thomas Sowell
Religion and art spring from the same root and are close kin. Economics and art are strangers. View quote
Nathaniel Hawthorne
Economics is a very dangerous science. View quote
John Maynard Keynes
Did you ever think that making a speech on economics is a lot like pissing down your leg? It seems hot to you, but it never does to anyone else. View quote
Lyndon B. Johnson