Day To Day Economics Quotes & Sayings

Debates go on to this day about what caused the Great Depression. Economics is not very good at explaining swings in economic activity. — Eugene Fama

The Theonomists - otherwise known as Dominionists; in other words, people who believed in taking "dominion" over society and the world in the name of Jesus - believed in restoring American law to its strictest Puritan origins. They wanted to make America into a modern-day Calvin's Reformation Geneva. They were our version of the Taliban. They were antitax, antigovernment libertarians (when it came to economics), but on social issues were working to replace secular law with Old Testament biblical law. The — Frank Schaeffer

I have only one thing to say to the tax increasers: Go ahead, make my day. — Ronald Reagan

I look forward to the day when being called 'another Monica Lewinsky' refers to the hard work behind a master's degree in social psychology from the London School of Economics, after spending the first act of one's life deflecting the shame of a scandal that should have rested on the shoulders of a man old enough to have known better. — Julie Klausner

Put simply, behavioural economics argues that human beings' decision-taking is guided by the evolutionary baggage which we bring with us to the present day. Evolution has made us rational to a point, but not perfectly so. It has given us emotions, for example, which programme us to override our rational brain and act more instinctively. — Evan Davis

Yet economics purports to be strangely exempt from this fact of life. From Adam Smith's day to our own, the chief concern of the discipline has been to render economic events unsurprising ... The discernment of orderly rules governing the apparent chaos of life was a remarkable achievement and continues to amaze. — George Gilder

If the ordinary wage-earner worked four hours a day, there would be enough for everybody and no unemployment
assuming a certain very moderate amount of sensible organization. This idea shocks the well-to-do, because they are convinced that the poor would not know how to use so much leisure. In America men often work long hours even when they are well off; such men, naturally, are indignant at the idea of leisure for wage-earners, except as the grim punishment of unemployment; in fact, they dislike leisure even for their sons. — Bertrand Russell

The objective exchange-value of money which rules in the market to-day is derived from yesterday's under the influence of the subjective valuations of the individuals frequenting the market, just as yesterday's in its turn was derived under the influence of subjective valuations from the objective exchange-value possessed by the money the day before yesterday. If in this way we continually go farther and farther back we must eventually arrive at a point where we no longer find any component in the objectIve exchange-value of money that arises from valuations based on the function of money as a common medium of exchange; where the value of money is nothing other than the value of an object that is useful in some other way than as money. — Ludwig Von Mises

It is true that some secluded intellectuals in their esoteric circles talk differently. They proclaim the priority of what they call eternal absolute values and feign in their declamations - not in their personal conduct - a disdain of things secular and transitory. But the public ignores such utterances. The main goal of present-day political action is to secure for the respective pressure group memberships the highest material well-being. The only way for a leader to succeed is to instill in people the conviction that his program best serves the attainment of this goal. — Ludwig Von Mises

One of the profound effects of economics in our day is that the people with the money and the power have embraced the guilt-free, external-less, everything-will-turn-out-okay-in-the-end philosophy of economics in order to justify their own evil works. And the economists, for the most part, have sucked up to that money. — Jane Smiley

I look forward to the day when business is less about being busy and more about being of service.

When Houses of Cards, become Houses of Hearts.

We can no longer afford to squander our passion on cold economics. It is time to reclaim our most valuable commodity and devote it to what's right. Devote it to concern & creation. To meaningful encounters & purpose-bound experiences.

May we no longer do business, but build places of thriving instead; ruled by one truth only ~ the wisdom of our hearts. — Ina Catrinescu

We have arrived at one of the central paradoxes of economics: uniformity amid diversity. Economists work with a plethora of models, pointing in all kinds of contradictory directions. Yet when it comes to the issues of the day, their views often converge in ways that cannot be justified by the strength of the available evidence. — Dani Rodrik

When, over fifty years ago, I first became interested in economics - as a discipline that provided the key to social structure and social problems - it never crossed my mind that one day I might be the honored recipient of a Nobel Memorial Prize. — Simon Kuznets

The realization that I came to is that each citizen for himself or herself understands the economics, which is, "I better make more than I spend and I better put something aside for a rainy day, and I want to get a good idea about what to do with the surplus so that perhaps it can grow while I'm sleeping." And that that's capitalism. Everybody practices it, but half of the country - those on the left - deny that it's true. — David Mamet

Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don't know very much in economics. — Thomas Piketty

Wide reading is important. You don't have to like it, but it's important to grapple with things you don't understand. I've been spending the last six months getting up an hour early to try to understand economics because I need to. I don't want to be one of these bewildered schmucks. The things that you understand will inform your writing. The bigger your mind, the better your work is going to be. You're not born with a big mind; you have to build it. If I don't read for an hour a day, I get ill. — Jeanette Winterson

Two Awesome Hours in the Morning After identifying your MIT, you need to turn it into a calendar item and book it as early in your day as possible. Dan Ariely, a Duke University professor of psychology and behavioral economics, suggests that most people are most productive and have the highest cognitive functioning in the first two hours after they're fully awake. In a Reditt Ask Me Anything, Ariely wrote: One of the saddest mistakes in time management is the propensity of people to spend the two most productive hours of their day on things that don't require high cognitive capacity (like social media). If we could salvage those precious hours, most of us would be much more successful in accomplishing what we truly want. — Kevin Kruse

Our lives are mere flashes of light in an infinitely empty universe. In 12 years of education the most important lesson I have learned is that what we see as "normal" living is truly a travesty of our potential. In a society so governed by superficiality, appearances, and petty economics, dreams are more real than anything anything in the "real world". Refuse normalcy. Beauty is everywhere, love is endless, and joy bleeds from our everyday existence. Embrace it. I love all of you, all my friends, family, and community. I am ceaselessly grateful from the bottom of my heart for everyone. The only thing I can ask of you is to stay free of materialism. Remember that every day contains a universe of potential; exhaust it. Live and love so immensely that when death comes there is nothing left for him to take. Wealth is love, music, sports, learning, family and freedom. Above all, stay gold. — Dominic Owen Mallary

When I started at Freedman's, during orientation, a speaker who was an alumna and board member talked of sitting in economics class next to a shy young man with a thick West African accent. They struck up a friendship, she said, pausing to wink and nod, which I took as an insinuation of a more intimate relationship. The woman ended the story with his name, and I recognized it as the name of the warlord-turned-dictator-for-life of a small African republic. We were supposed to be impressed by the prominence of our alums, and at the same time we were encouraged to wonder what sort of world-shaker sat beside us. One day the dictator will be overthrown and executed or tried in The Hague for crimes against humanity. — Rion Amilcar Scott

Deuteronomy's notion of tithes - that for two out of three years surplus is shared broadly with the disadvantaged, and in the third year is given to them outright - is sound economics when seen in light of conceptions of redistributive economics in primitive societies. In modern capitalist societies, surplus earnings are placed into savings, and insurance policies are taken out to hedge against various forms of adversity. The laws of tithing may be construed as another element in a program of primitive insurance. In a premodern society, A will give some of his surplus in a good year to B, who may have fallen on hard times in exchange for B's commitment to reciprocate should their roles one day be reversed. — Joshua A. Berman

I thought about the core tools we EHMs used in my day: false economics that included distorted financial analyses, inflated projections, and rigged accounting books; secrecy, deception, threats, bribes, and extortion; false promises that we never intended to honor; and enslavement through debt and fear. These same tools are used today. Now, as then, many elements are present in each "hit," although that likely is evident only to someone willing to delve deeply into the story behind the story. Now, as then, the glue that holds all of this together is the belief that any means are justified to achieve the desired ends. A — John Perkins

It's actually a tribute to the quality of economics teaching that they have persuaded so many generations of students to believe in so much that seems so counter to what the world is like. Many of the things that I'm going to describe make so much more common sense than these notions that seem counter to what ones eyes see every day. — Joseph Stiglitz

The laws of the solar system that previously only God had known could suddenly be read using scientific method. The view of the world changed. From one where God intervened, had opinions, smote, parted oceans, moved mountains and personally opened millions of flowers every day. To one where God was absent and the universe was a clock that he had created and wound up, but that now ticked of its own accord. — Katrine Marcal

Today, reports of the day's events are conveyed to the viewing public by way of alternate universes, The Fox News cable channel conveys its version of reality, while at the other end of the ideological spectrum MSNBC presents its version. They and their many counterparts on radio are more the result of an economic dynamic than a political one. Dispatching journalists into the field to gather information costs money; hiring a glib bloviator is relatively cheap, and inviting opinionated guests to vent on the air is entirely cost-free. It wouldn't work if it weren't popular, and audiences, it turns out, are endlessly absorbed by hearing amplified echoes of their own biases. It's divisive and damaging to the healthy functioning of our political system, but it's also indisputably inexpensive and, therefore, good business. — Ted Koppel

As the company grew, Charles remained in Wichita, working ten-hour days, six days a week. When he proposed to his future wife, Liz, he did so reportedly over the phone, and she could hear him flipping through his busy date book in search of an open day for the wedding. In preparation, he required her to study free-market economics. — Jane Mayer

All index-number systems, so far as they are intended to have a greater significance for monetary theory than that of mere playing with figures, are based upon the idea of measuring the utility of a certain quantity of money. The object is to determine whether a gramme of gold is more or less useful to-day than it was at a certain time in the past. As far as objective use-value is concerned, such an investigation may perhaps yield results. We may assume the fiction, if we like, that, say, a loaf of bread is always of the same utility in the objective sense, always comprises the same food value. It is not necessary for us to enter at all into the question of whether this is permissible or not. — Ludwig Von Mises

[Home Economics Textbook from 1950]: "Prepare yourself. Take fifteen minutes to rest so you'll look refreshed when hubby comes home from work. Touch up makeup and put a ribbon in your hair. He's just been with work-weary people. Be a little gay. His boring day needs a lift."
Mama Celia: "Get knee-walking drunk. You've earned it. You've been with four kids under the age of seven all day. Put a ribbon in your nose and try to pull it out of your mouth. You're wasted, after all. Announce you're gay. The look on his face will give you a lift. — Celia Rivenbark

In the field of economics we maintain to this day some of the most primitive ideas, some of the most radically false ideas, some of the most absurd ideas a brain can hold ... but all this give no uneasiness to the average brain. That long-suffering organ has been trained for more thousands of years than history can uncover to hold in unquestioning patience great blocks of irrelevant idiocy and large active lies. — Charlotte Perkins Gilman

Perhaps one day earthquakes, hurricanes and financial crashes will all be predictable. But we don't have to wait until then for seismology, meteorology and economics to become sciences; they already are. — Eric Maskin

Unaimed opulence, in general, is a roundabout, undependable, and wasteful way of improving the living standards of the poor. — Amartya Sen

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

And one day we must ask the question, "Why are there forty million poor people in America?" And when you begin to ask that question, you are raising questions about the economic system, about a broader distribution of wealth. When you ask that question, you begin to question the capitalistic economy. — Martin Luther King Jr.

One day, J. Howard Pew of Sun Oil called Read to tell him that he had $136,000 that he had to get rid of, for some arcane tax reason, in the next twenty-four hours-and would Read, along with Howard Kershner of Christian Economics (a more right-wing religious education group Pew also supported) figure out among themselves what they could best do with it? Thanks. And they did. — Brian Doherty

I went to university for a couple of years and I didn't enjoy university. The studying and the accountancy, economics, I just hated that stuff. Now the irony is here I am lawyer, accountant, I do it all day every day and sit at a desk. So I've never ended up where I wanted to be in many ways. I always wanted to be a farmer. — Gerry Harvey

To be an effective organisation, the structure of the organisation must be willing to adapt to a network model, leaving the old hierarchy model behind. We see the efficacy of the network model daily in many areas of our lives, and this greatly challenges the old from-top-to-down hierarchical model that many organisations have a hard time letting go of. But I suppose at the end of the day, it is a matter of survival. Simply put, in order to survive, one must adapt and to adapt today, means to take on a more networked approach to doing things in organisations, groups, companies and even in society as a whole (including politics). So in other words, in order for society in all of its forms from big to small, to move forward strongly, it must adapt to a framework that sees itself as a network rather than a hierarchy. — C. JoyBell C.

Let's take a minute to talk about spellbooks, since, in this day and age when magic is no longer taught in schools (or is, at best, an elective like Home Economics), very few people have the experience with spellbooks that they used to. — Ursula Vernon

I will check the internet for at least an hour every morning scanning worldwide news to do with child abuse. So if you're constantly putting yourself in an environment where you're checking up on social economics or homelessness problems, if you keep yourself aware of it, you don't really have a day off. — Samantha Morton