Economics Quotes

Most popular economics quotes

The best cure for the national economy would be economy.
When economics gets important enough, it becomes political.
When the facts change I change my mind. What do you do sir?

flexible thinking

Blessed are the young, for they shall inherit the national debt.
Economics is a subject that does not greatly respect one's wishes.
Economics is extremely useful as a form of employment for economists.
Forecasts usually tell us more of the forecaster than of the forecast.
I'd be a bum on the street with a tin cup if the markets were efficient.

financial industry investing

If all the economists were laid end to end, they would not reach a conclusion.
The only function of economic forecasting is to make astrology look respectable.
It's a recession when your neighbor loses his job; it's a depression when you lose yours.
It is not the employer who pays—he only handles the money. It is the product that pays wages.


There are two kinds of forecasters: those who don't know, and those who don't know they don't know.
We have always known that heedless self interest was bad morals, we now know that it is bad economics.
If ignorance paid dividends, most Americans could make a fortune out of what they don't know about economics.
An economist is a man who wears a watch chain with a Phi Beta Kappa key at one end and no watch at the other.
The tourist business is a trap, it is a tainted honey; 
Man clearly should have stayed in bed, and not invented money.
We, too, realize that when human values are subordinated to blind economic forces, human beings can become human scrap.


There was a farmer who planted some corn. He said to his neighbor, "I hope I break even this year. I really need the money."
Behavioral economics can be summarized as follows: "human beings are suckers". My summary: "Behavioral economists are suckers".
We have become, to some extent, economic hypochondriacs. You get a wiggle in a statistic, and everyone runs to get the thermometer.
As far as I am concerned, the stock market doesn't exist. It is only there as a reference to see if anybody is offering to do anything foolish.

financial industry investing

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.


We do not have, never have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.


Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell government what they want and their kids pay for it.
Give a man a fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime. Teach a man to create an artificial shortage of fish and he will eat steak.

business funny

Wherever desirable superfluities are imported, industry is excited, and thereby plenty is produced. Were only necessaries permitted to be purchased, men would work no more than was necessary for that purpose.

luxury wealth

Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.

justice peace taxes

No man is any the worse off because another acquires wealth by trade, or by the exercise of a profession; on the contrary, he cannot have acquired his wealth except by benefiting others to the extent of what they considered to be its value.


The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Whatever a person saves from his revenue he adds to his capital, and either employs it himself in maintaining an additional number of productive hands, or enables some person to do so ... for a share of profits. As the capital of an individual can be increased only by what he saves ... so the capital of a society can be increased only in the same manner.

saving money wealth