Quotes of All Topics . Occasions . Authors
The problem with the World Bank has to do with development - the spreading of Western over-consumption worldwide.
Political economy has only become a science since it has been confined to the results of inductive investigation.
In the world of minor lunacy the behaviour of both the utterly rational and the totally insane seems equally odd.
In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.
I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights.
What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.
Production functions involving only land, labor and capital... never work and never explain economic development.
When the now-infamous Donald Trump-Billy Bush audio feed was released, my confidence in Trump all but evaporated.
Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. Believe me, it will be enough.
Investing in women is smart economics, and investing in girls, catching them upstream, is even smarter economics.
The propagandistic American 'media' and the crazed neoconservatives have set humanity on the path to destruction.
Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it?
Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.
The good thing I will say about the Chicago School is that it was always about the world, not about the abstract.
People aren't as impressed by homes anymore after they saw how they collapsed in price with the financial crisis.
The world can, in effect, get along without natural resources, so exhaustion is just an event, not a catastrophe.
The data don't lie: a Chicago street prostitute is more likely to have sex with a cop than to be arrested by one.
Groups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow.
The founders of our nation feared paper currency because it gave government the means to steal from its citizens.
The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
To secure the greatest amount of pleasure with the least possible outlay should be the aim of all economic effort.
Market competition is the only form of organization which can afford a large measure of freedom to the individual.
Never will man penetrate deeper into error than when he is continuing on a road which has led him to great success
I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour
Fundamentally, American society is composed of individuals who don't go out of their way to do each other favours.
To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.
Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime.
Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
Economic privation proceeds by easy stages, and so long as men suffer it patiently the outside world cares little.
We are totally schizophrenic. We are trying to reduce emissions, and we subsidize the consumption of fossil fuels.
I was an economist out of the National University of Mexico, where you lived the realities of Mexico all the time.
The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.
Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.
In trying times, I like to remember that you have to keep walking because you can't see what is around the corner.
The trouble with taxonomic boxes is... that that they tend to be empty, however beautiful they are on the outside.
The big problem for a democratic government - democrat with a small "d" - is how to hold down government spending.
Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems.
I believe that the monetary stability is an absolutely critical element in the satisfactory operation of a system.
The State is, and always has been, the great single enemy of the human race, its liberty, happiness, and progress.
Unlike every other person and institution in society, government obtains its revenue from coercion, from taxation.
There was no terrorism in the Middle East until Washington brought it there with invasions, bombings, and torture.
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
This is a serious analysis of a ridiculous subject, which is of course the opposite of what is usual in economics.
The Crafts which require the most Time intraining or most Ingenuityand Industry must necessarily be the best paid.
People who achieve a sense of meaning in their lives are happier than those who live from one pleasure to another.
The depreciation of Christianity by indifference is a more insidious and less curable evil than infidelity itself.