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Economics is the social science that studies the production, distribution, and consumption of goods and services. Economics aims to explain how economies work and how economic agents interact. Economic analysis is applied throughout society, in business, finance and government, but also in crime,education,the family, health, law, politics, religion, social institutions, sex, war, and science.

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in , say, physics, mathematics, or medicine - the special pleading of selfish interests.
Henry Hazlitt

It's an extremely good thing that money sometimes changes hands.
Carl William Brown

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Religion and art spring from the same root and are close kin. Economics and art are strangers.
Willa Cather

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
John Kenneth Galbraith

In economics the majority is always wrong.
John Kenneth Galbraith

First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.
Doug Horton

The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.
James Thurber

Give me a one-handed economist! All my economics say, ''On the one hand… on the other.''
Harry S. Truman

Women's battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.
Paula Nelson

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Warren Buffett

The new sound-sphere is global. It ripples at great speed across languages, ideologies, frontiers and races. The economics of this musical Esperanto is staggering. Rock and pop breed concentric worlds of fashion, setting and life-style. Popular music has brought with it sociologies of private and public manner, of group solidarity. The politics of Eden come loud.
George Steiner

To overturn orthodoxy is no easier in science than in philosophy, religion, economics, or any of the other disciplines through which we try to comprehend the world and the society in which we live.
Ruth Hubbard

In economics, we borrowed from the Bourbons; in foreign policy, we drew on themes fashioned by the nomad warriors of the Eurasian steppes. In spiritual matters, we emulated the braying intolerance of our archenemies, the Shite fundamentalists.

Barbara Ehrenreich
1941-, American Author, Columnist


Remove advertising, disable a person or firm from proclaiming its wares and their merits, and the whole of society and of the economy is transformed. The enemies of advertising are the enemies of freedom.

John Enoch Powell

I hate this shallow Americanism which hopes to get rich by credit, to get knowledge by raps on midnight tables, to learn the economy of the mind by phrenology, or skill without study, or mastery without apprenticeship.
Ralph Waldo Emerson

The line of beauty is the line of perfect economy.
Ralph Waldo Emerson

It's the economy, stupid.
Bill Clinton

People want economy and they'll pay almost any price to get it.
Lee Iacocca

The notion that big business and big labor and big government can sit down around a table somewhere and work out the direction of the American economy is at complete variance with the reality of where the American economy is headed. I mean, it's like dinosaurs gathering to talk about the evolution of a new generation of mammals.
Bruce Babbit

Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.
Edmund Burke

People do not understand what a great revenue economy is.
Marcus T. Cicero

There can be economy only where there is efficiency.
Benjamin Disraeli

Everyone is always in favor of general economy and particular expenditure.
Sir Anthony Eden

According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased.
Harry Enfield

Few are sufficiently sensible of the importance of that economy in reading which selects, almost exclusively, the very first order of books. Why, except for some special reason, read an inferior book, at the very time you might be reading one of the highest order?
John W. Foster

I learned more about the economy from one South Dakota dust storm that I did in all my years of college.
Hubert H. Humphrey

The economy depends about as much on economists as the weather does on weather forecasters.
Jean-Paul Kauffmann

The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan

Economy is too late when you are at the bottom of your purse.

In art economy is always beauty.
Henry James

The farmer is the only man in our economy who buys everything at retail, sells everything at wholesale, and pays the freight both ways.
John F. Kennedy

A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.
Barbara Ehrenreich

A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
Milton Friedman

Not wishing to be disturbed over moral issues of the political economy, Americans cling to the notion that the government is a sort of automatic machine, regulated by the balancing of competing interests.
C. Wright Mills

We have for the first time an economy based on a key resource [Information] that is not only renewable, but self-generating. Running out of it is not a problem, but drowning in it is.
John Naisbitt

All social rules and all relations between individuals are eroded by a cash economy, avarice drags Pluto himself out of the bowels of the earth.
Karl Marx

Economy is half the battle of life. It is not so hard to earn money as to spend it well.
Charles Haddon Spurgeon

Politicians say they're beefing up our economy. Most don't know beef from pork.
Hariold Lowman

In the domain of Political Economy, free scientific inquiry meets not merely the same enemies as in all other domains. The peculiar nature of the material it deals with, summons as foes into the field of battle the most violent, mean and malignant passions of the human breast, the Furies of private interest.
Karl Marx

The poverty of our century is unlike that of any other. It is not, as poverty was before, the result of natural scarcity, but of a set of priorities imposed upon the rest of the world by the rich. Consequently, the modern poor are not pitied but written off as trash. The twentieth-century consumer economy has produced the first culture for which a beggar is a reminder of nothing.
John Berger

There is no easy formula for determining right and wrong livelihood, but it is essential to keep the question alive. To return the sense of dignity and honor to manhood, we have to stop pretending that we can make a living at something that is trivial or destructive and still have sense of legitimate self-worth. A society in which vocation and job are separated for most people gradually creates an economy that is often devoid of spirit, one that frequently fills our pocketbooks at the cost of emptying our souls.
Sam Keen

It is by a wise economy of nature that those who suffer without change, and whom no one can help, become uninteresting. Yet so it may happen that those who need sympathy the most often attract it the least.
Francis H. Bradley

Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.
Alexander Herzen

The Universe is one great kindergarten for man. Everything that exists has brought with it its own peculiar lesson. The mountain teaches stability and grandeur; the ocean immensity and change. Forests, lakes, and rivers, clouds and winds, stars and flowers, stupendous glaciers and crystal snowflakes, -- every form of animate or inanimate existence, leaves its impress upon the soul of man. Even the bee and ant have brought their little lessons of industry and economy.
Orison Swett Marden

War has been the most convenient pseudo-solution for the problems of twentieth-century capitalism. It provides the incentives to modernization and technological revolution which the market and the pursuit of profit do only fitfully and by accident, it makes the unthinkable (such as votes for women and the abolition of unemployment) not merely thinkable but practicable. What is equally important, it can re-create communities of men and give a temporary sense to their lives by uniting them against foreigners and outsiders. This is an achievement beyond the power of the private enterprise economy when left to itself.
E. J. Hobsbawm   Send Yours   Read Them

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