World Of Quotes

Quotes, Sayings, and Proverbs
 Finance and economics Quotes, Quotations, and Sayings
306 Finance and economics Quotes

I am indeed rich, since my income is superior to my expense, and my expense is equal to my wishes.

Edward Gibbon Quotes

5 out of 5 stars
1 votes

The financial climate is the worst it's been in 25 years.

Michael O'Donnell Quotes

5 out of 5 stars
1 votes

All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out.

Ludwig von Mises Quotes

5 out of 5 stars
1 votes

It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.

Ludwig von Mises Quotes

5 out of 5 stars
1 votes

As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.

Ludwig von Mises Quotes

5 out of 5 stars
1 votes

Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.

Julian Simon Quotes

5 out of 5 stars
1 votes

The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. Minds matter economically as much as, or more than, hands or mouths.

Julian Simon Quotes

5 out of 5 stars
3 votes

The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.

Ludwig von Mises Quotes

5 out of 5 stars
1 votes

Based on first-hand evidence of your own senses - the improved health and later ages at which acquaintances die nowadays as compared with the past; the material goods that we now possess; the speed at which information, entertainment, and we ourselves move freely throughout the world - it seems to me that a person must be literally deaf and blind not to perceive that humanity is in a much better state than ever before.

Julian Simon Quotes

5 out of 5 stars
1 votes

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

John C. Burton Quotes

5 out of 5 stars
1 votes

When you hire people that are smarter than you are, you prove you are smarter than they are.

R. H. Grant Quotes

5 out of 5 stars
2 votes

Everything you want in life has a price connected to it. There's a price to pay if you want to make things better, a price to pay just for leaving things as they are, a price for everything.

Harry Browne Quotes

5 out of 5 stars
1 votes

The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.

Thomas Sowell Quotes

5 out of 5 stars
1 votes

Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.

Thomas Sowell Quotes

5 out of 5 stars
1 votes

Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.

Thomas Sowell Quotes

5 out of 5 stars
1 votes

Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.

Thomas Sowell Quotes

5 out of 5 stars
1 votes

The principles applied in economic processes are general social principles.

Thomas Sowell Quotes

5 out of 5 stars
1 votes

American prosperity and American free enterprise are both highly unusual in the world, and we should not overlook the possibility that the two are connected.

Thomas Sowell Quotes

5 out of 5 stars
1 votes

If patriotism is, as Dr. Johnson used to remark, the last refuge of the scoundrel, wrapping outdated industry in the mantle of national interest is the last refuge of the economically dispossessed. In economic terms, pleading national interest is the declining cottage industry of those who have been bypassed by the global economy.

Kenichi Ohmae Quotes

5 out of 5 stars
1 votes

The growing complexity of science, technology, and organization does not imply either a growing knowledge or a growing need for knowledge in the general population. On the contrary, the increasingly complex processes tend to lead to increasingly simple and easily understood products. The genius of mass production is precisely in its making more products more accessible, both economically and intellectually to more people.

Thomas Sowell Quotes

5 out of 5 stars
1 votes

Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.

Thomas Sowell Quotes

5 out of 5 stars
1 votes

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, now and then- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.This is known as "bad luck.".

Robert Heinlein Quotes

5 out of 5 stars
11 votes

What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war.

Henry George Quotes

5 out of 5 stars
2 votes

In all recorded history there has not been one economist who has had to worry about where the next meal would come from.

Alfred A. Knopf Quotes

5 out of 5 stars
1 votes

There's no reason to be the richest man in the cemetery. You can't do any business from there.

Colonel Sanders Quotes

5 out of 5 stars
1 votes