21 Quotes About Economics Philosophy

Miss Climpson, " said Lord Peter, "is a manifestation of the wasteful way in which this country is run. Look at electricity, Look at water-power. Look at the tides. Look at the sun. Millions of power units being given off into space every minute. Thousands of old maids, simply bursting with useful energy, forced by our stupid social system into hydros and hotels and communities and hostels and posts as companions, where their magnificent gossip-powers and units of inquisitiveness are allowed to dissipate themselves or even become harmful to the community, while the ratepayers' money is spent on getting work for which these women are providentially fitted, inefficiently carried out by ill-equipped policemen like you. Dorothy L. Sayers

So imagine that fans of our products or services no longer simply consume and use them. Now we are creating a new opportunity for them to both participate directly in the development of the products but also benefit from a share of the profits too. Miguel Reynolds Brandao

Oil may run out, liquidity may dry up, but as long as ink flows freely, the next chapter of Life will continue to be written. Alex Morritt

Wherever you are, you have to work for your living. Lailah Gifty Akita

Don't you know there's another bubble as well? An expectations bubble. Bigger houses, private planes, yachts... stupid salaries and bonuses. People come to desire these things and expect them. But the expectations bubble will burst as well, as all bubbles do. Edward Rutherfurd

These poor people have learned to endure day to day economic agony. It’s routine in daily life for them. They are so accustomed to facing economic pain that poverty doesn’t hurt them anymore. Extreme negativity in their life drove learning endurance and their accomplishment to endure extreme conditions is ‘positivity’ they mastered Sadashivan Nair

When greed transcends rationale, morality becomes irrelevant. Duop Chak Wuol

Following imprinting, valuations become locally coherent, as the consumer attempts to reconcile future decisions of a "similar kind" with the initial one. This creates an illusion of order, because consumers' coherent responses to subsequent changes in conditions disguise the arbitrary nature of the initial, foundation choice. Dan Ariely

Programmers have a saying: "garbage in, garbage out. Paul Krugman

We live in a global village, Neel, where billions of voices babble simultaneously, and in this village a new hierarchy is being established, a new caste-system is being created. Only this time, it is money that sets the tone. Whoever has the most money buys the biggest loudspeaker and is the neo- Brahmin of this new world order. If the ninety-year-old neo- Brahmin on the other side of the earth is terrified of antibiotic resistant flesh-eating bacteria, we must think twice before offering treatment to a twenty-four-year old here. These are the new rules of our global village. Anirban Bose

Corruption ultimately guilts the corrupt, and it hardens the innocent who suffer as a result of it. It isn't the young who corrupt the old, rather it's the inverse. The aim of the old should be to ensure that the young grow up incorruptible. Unknown

We all know that 97% of the money in the world doesn't exist and that's thanks to Fractional Reserve Banking, or should I say fictional reserve banking." He grinned at his own joke, his smile partly hidden by his hair, "Money is no longer attached to the Gold Standard, therefore, it isn't based on anything. So when it says, 'I promise to pay the bearer on demand ten pounds, ' I have to ask, ten pounds of what?" Silence. "The world is owned by the rich shareholder, the rich superstar, the rich industrialist, the rich aristocracy." He was now marching around the stage, "It doesn't matter who or what they are, if they're rich then they own a part of the world, but they only own it because they've got lots of money. Which means they own part of the 97% of the world’s fictional money, the pretend money that only exists on a computer." He stopped abruptly and stared out at the audience, "Which means that if they cashed in their fictional nonexistent money they'd get something like this ten pound note offering to pay the bearer the sum of ten pounds of nothing." He held the note aloft, "Which means the rich have managed to buy the entire world with paper nothing that has a value of nothing and we've let them do it. . Arun D. Ellis

Arguing that the only problem with a free market is lack of competition, is like arguing that that the only problem with prostitution is that there aren't enough pimps. Quentin R. Bufogle

Give me a one-handed Economist. All my economists say 'on hand...', then 'but on the other... Harry Truman

Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We still have to thank Adam Smith for insisting 'Consumption is the sole end and purpose of production;' but the old form of the law of demand and supply is outmoded, since supply has become practically inexhaustible. Harriet Boyd Hawes

African leaders should not turn the continent into a giant collector of donations and loans from wealthy nations–they must find other plausible means to help established their economic security so as to minimize poverty. This incoherent blunder on the mainland must be scrutinized. Duop Chak Wuol

The economic base of a nation, is the foundation of the it's secrets. Auliq Ice