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
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
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.
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.
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.
Give me a one-handed economist! All my economics say, ''On the one hand… on
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.
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
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.
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.
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
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.
People want economy and they'll pay almost any price to get it.
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.
Mere parsimony is not economy. Expense, and great expense, may be an
essential part in true economy.
People do not understand what a great revenue economy is.
Marcus T. Cicero
There can be economy only where there is efficiency.
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.
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
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.
Economy is too late when you are at the bottom of your purse.
In art economy is always beauty.
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.
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.
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.
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.
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
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
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.
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.
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.
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