Most popular economics quotes
We, too, realize that when human values are subordinated to blind economic forces, human beings can become human scrap.
Economics is extremely useful as a form of employment for economists.
The only function of economic forecasting is to make astrology look respectable.
We have become, to some extent, economic hypochondriacs. You get a wiggle in a statistic, and everyone runs to get the thermometer.
It is not the employer who pays—he only handles the money. It is the product that pays wages.
When economics gets important enough, it becomes political.
The best cure for the national economy would be economy.
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.
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.
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.
When the facts change I change my mind. What do you do sir?
There are two kinds of forecasters: those who don't know, and those who don't know they don't know.
It's a recession when your neighbor loses his job; it's a depression when you lose yours.
If all the economists were laid end to end, they would not reach a conclusion.
Economics is a subject that does not greatly respect one's wishes.
If ignorance paid dividends, most Americans could make a fortune out of what they don't know about economics.
Blessed are the young, for they shall inherit the national debt.
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.
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."
We have always known that heedless self interest was bad morals, we now know that it is bad 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.
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.
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.
The tourist business is a trap, it is a tainted honey; Man clearly should have stayed in bed, and not invented money.
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.
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.
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.
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.
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.
Behavioral economics can be summarized as follows: "human beings are suckers". My summary: "Behavioral economists are suckers".