| 306 Finance and Economics Quotes
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“The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.”
Ludwig von Mises Quotes |
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“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 |
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“What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.”
Ludwig von Mises Quotes |
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“The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.”
George Reisman Quotes |
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“Our whole evolution up to this point shows that human groups spontaneously evolve patterns of behavior, as well as patterns of training people for that behavior, which tend on balance to lead people to create rather than destroy. Humans are, on net balance, builders rather than destroyers.”
Julian Simon Quotes |
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“What matters is not the allocation of portions out of a fund presented to man by nature. The problem is rather to further those social institutions which enable people to continue and to enlarge the production of all those things which they need.”
Ludwig von Mises Quotes |
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“Economics is not about things and tangible material objects; it is about men, their meanings and actions.”
Ludwig von Mises Quotes |
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“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 |
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“Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends.”
Ludwig von Mises Quotes |
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“As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.”
Ludwig von Mises Quotes |
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“It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.”
Julian Simon Quotes |
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“He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.”
Ludwig von Mises Quotes |
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“Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.”
Julian Simon Quotes |
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“Our supplies of natural resources are not finite in any economic sense. Nor does past experience give reason to expect natural resources to become more scarce. Rather, if history is any guide, natural resources will progressively become less costly, hence less scarce, and will constitute a smaller proportion of our expenses in future years.”
Julian Simon Quotes |
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“The increase in the world's population represents our victory against death...”
Julian Simon Quotes |
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“The standard of living has risen along with the size of the world's population since the beginning of recorded time. There is no convincing economic reason why these trends toward a better life should not continue indefinitely.”
Julian Simon Quotes |
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“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 |
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“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 |
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“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 |
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“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 |
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“Taxation WITH representation ain't so hot either.”
Gerald Barzan Quotes |
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“We live in a time of transition, an uneasy era which is likely to endure for the rest of this century. During the period we may be tempted to abandon some of the time-honored principles and commitments which have been proven during the difficult times of past generations. We must never yield to this temptation. Our American values are not luxuries, but necessities - not the salt in our bread, but the bread itself.
in his farewell address.”
Jimmy Carter Quotes |
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“Most bosses know instinctively that their power depends more on employee's compliance than on threats or sanctions.”
Fernanda Bartolme Quotes |
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“I don't want to do business with those who don't make a profit, because they can't give the best service.”
Lee Bristol Quotes |
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“The very best financial presentation is one that's well thought out and anticipates any questions... answering them in advance.”
Nathan Collins Quotes |
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Finance and Economics Quotes, Quotations, and Sayings
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