An aphorism is nothing else but the slightest
QUOTES AND APHORISMS ON ECONOMIES
Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence.
Hannah Arendt (1906-1975, German-born American political philosopher)
For the past 15 years or so, British governments have tried to persuade the rest of us that the best judges of the national interest are...businessmen. This may be a ridiculous statement, but -- ominously -- fewer and fewer people laugh at it.
Neil Ascherson (British journalist)
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 (1938-, American politician)
It seems to be a law in American life that whatever enriches us anywhere except in the wallet inevitably becomes uneconomic.
Russell Wayne Baker (1925-, American journalist)
Frugality is founded on the principal that all riches have limits.
Edmund Burke (1729-1797, British political writer, statesman)
Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.
Edmund Burke (1729-1797, British political writer, statesman)
People do not understand what a great revenue economy is.
Marcus T. Cicero (c. 106-43 BC, Roman orator, politician)
Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores.
Charles Caleb Colton (1780-1832, British sportsman writer)
There can be economy only where there is efficiency.
Benjamin Disraeli (1804-1881, British statesman, Prime Minister)
Everyone is always in favor of general economy and particular expenditure.
Sir Anthony Eden (1897-1977, British Prime Minister, 1955--1957)
Commerce is a game of skill which everyone cannot play and few can play well.
Ralph Waldo Emerson (1803-1882, American poet, essayist)
According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat.
Harry Enfield (1926-, British comedian)
Ask five economists and you'll get five different explanations… six if one went to Harvard.
Edgar R. Fiedler
For economists the real world is often a special case.
Edgar R. Fiedler
The rate of interest acts as a link between income-value and capital-value
Irving Fisher (1867-1947, American mathematician and economist)
No nation was ever ruined by trade.
Benjamin Franklin (1706-1790, American scientist, publisher, diplomat)
In economics the majority is always wrong.
John Kenneth Galbraith (1908-, American economist)
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
John Kenneth Galbraith (1908-, American economist)
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.
John Kenneth Galbraith (1908-, American economist)
I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes.
Edward Gibbon (1737-1794, British historian)
Commerce changes the fate and genius of nations.
Thomas Gray (1716-1771, British poet)
No one is rich whose expenditures exceed his means, and no one is poor whose incomings exceed his outgoings.
Thomas C. Haliburton (1796-1865, Canadian jurist, author)
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 thousand fold by a factor that is insignificant in, say, physics, mathematics, or medicine -- the special pleading of selfish interests.
Henry Hazlitt
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
Ernest Hemingway (1898-1961, American writer)
Be thrifty, but not covetous.
George Herbert (1593-1632, British metaphysical poet)
There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics.
John Hicks (British economist)
How great, my friends, is the virtue of living upon a little!
Horace (BC 65-8, Italian poet)
I learned more about the economy from one South Dakota dust storm that I did in all my years of college.
Hubert H. Humphrey (1911-1978, American Vice President)
Never spend your money before you have earned it.
Thomas Jefferson (1743-1826, American President (3rd))
Commerce is one of the daughters of Fortune, inconsistent and deceitful as her mother. She chooses her residence where she is least expected, and shifts her home when in appearance she seems firmly settled.
Ben Johnston
The economy depends about as much on economists as the weather does on weather forecasters.
Jean-Paul Kauffmann
Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance.
John F. Kennedy (1917-1963, American President (35th))
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
John Maynard Keynes (1883-1946, British economist)
The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems -- the problems of life and of human relations, of creation and behavior and religion.
John Maynard Keynes (1883-1946, British economist)
If all the economists in the world were laid end to end, it wouldn't be a bad thing.
Peter Lynch (1944-, American businessman, stock trader)
A nation is not in danger of financial disaster merely because it owes itself money.
Andrew William Mellon (1855-1937, American financier, philanthropist, statesman)
Much in little.
Motto
If you laid ever economist in the country end to end you would still not reach a conclusion.
Salvador Nasello
In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.
Ezra Pound (1885-1972, American poet, critic)
In today's economy there are no experts, no 'best and brightest' with all the answers. It's up to each one of us. The only way to screw up is to not try anything.
Thomas J. Peters (1942-, American management consultant, author, lecturer)
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 (1911-2004, American President (40th))
We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.
Ronald Reagan (1911-2004, American President (40th))
An economist's guess is liable to be as good as anybody else s.
Will Rogers (1879-1935, American humorist, actor)
But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.
Franklin D. Roosevelt (1882-1945, American President (32nd))
Give me a one-handed economist! All my economists say, "On the one hand… on the other."
Harry S. Truman (1884-1972, American President (33rd))
Men cannot not live by exchanging articles, but producing them. They live by work not trade.
John Ruskin (1819-1900, British critic, social theorist)
Profit is the ignition system of our economic engine.
Charles Sawyer
Economic progress, in capitalist society, means turmoil.
Joseph A. Schumpeter (1883-1950, Austrian-American economist)
Economy is too late when you are at the bottom of your purse.
Marcus Annaeus Seneca (BC 3-65 AD, Roman philosopher, dramatist, statesman)
If all the economists were laid end to end, they would not reach a conclusion.
George Bernard Shaw (1856-1950, Irish-born British dramatist)
Commerce has set the mark of selfishness, the signet of its all-enslaving power, upon a shining ore, and called it gold: before whose image bow the vulgar great, the vainly rich, the miserable proud, the mob of peasants, nobles, priests, and kings, and with blind feelings reverence the power that grinds them to the dust of misery.
Percy Bysshe Shelley (1792-1822, British poet)
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 (1894-1961, American humorist, illustrator)
An economist is someone who knows more about money than the people who have it.
Author Unknown
If you took all the economists in the world and laid them end-to-end, they couldn't reach a conclusion
Author Unknown
Take care of the pence, the pounds will take care of themselves.
Author Unknown
The science 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 (1866-1946, British-born American author)
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