Economic Factor Quotes & Sayings

Low interest rates are usually attributed to low inflation, weak economic growth and super easy monetary policy. But there's another deep-seated factor that doesn't get much attention: demographics. — Greg Ip

I'm a political scientist and I study these things, and I know that economic problems, with the rising unemployment and inflation and low productivity and so forth, were a factor in that election, in that defeat of President Carter. — Jeane Kirkpatrick

Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of production, but rather a yardstick for measuring economic input, economic outtake and the relative values of the real goods and services of the economic world. Money provides a method of measuring obligations, rights, powers and privileges. It provides a means whereby certain individuals can accumulate claims against others, or against the economy as a whole, or against many economies. — Louis O. Kelso

The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards ... high rates of investment and saving usually have a big payoff in promoting economic growth. — Paul Samuelson

Synarchy and its Malcontents The purpose of this book is to provide a historical overview of secret societies and the threat they pose to the global population. It is not meant to purport any political overview, serve as an economic primer or foster xenophobic sentiment. The educated reader can, and likely will, come across suitable works in which he can make an informed viewpoint in this regard; and in all likelihood, he or she has already done so. But in researching this book, one particular strand tends to serve as a unifying factor behind the seeming disparity of these groups. That factor is that of a singular philosophy that seeks to construct a homogenized culture and governmental structure, wielding an inordinate and unassailable power, aided by the twin guardians of finance and cronyism. One in which dissent is silenced - by acts of violence if need be - by force, and control exerted over every aspect of its citizens lives, often unknowingly. — James Jackson

The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth. — Toshihiko Fukui

Istory is best explained dramatically, because for God's sake nobody's going to tell me that massive Homeric war so to speak, between the Achaens and the Iliums was caused merely by some economic factor concerning trade ... — Jack Kerouac

It is not just disposable income but whether people feel good about their immediate future that drives sales. It is this feel-good factor that drives the purchases more and more than mere economic wealth. — Johann Rupert

The will to power which always emanates from individuals or from small minorities in society is in fact a most important driving force in history. The extent of its influence has up to now been regarded far too little, although it has frequently been the determining factor in the shaping of the whole of economic and social life. — Rudolf Rocker

Once again it is evident that even between major crises, 'the market' has no answer to the major problem confronting the twenty-first century: that unlimited and increasingly high-tech economic growth in the pursuit of unsustainable profit produces global wealth, but at the cost of an increasingly dispensable factor of production, human labour, and, one might add, of the globe's natural resources. Economic and political liberalism, singly or in combination, cannot provide the solution to the problems of the twenty-first century. Once again the time has come to take Marx seriously. — Eric Hobsbawm

There is a second main factor that spawns new economic fallacies every day. This is the persistent tendency of men to see only the immediate effects of a given policy, or its effects only on a special group, and to neglect to inquire what the long-run effects of that policy will be not only on that special group but on all groups. It is the fallacy of overlooking secondary consequences. — Henry Hazlitt

It is, indeed, part of the liberal attitude to assume that, especially in the economic field, the self-regulating forces of the market will somehow bring about the required adjustments to new conditions, although no one can foretell how they will do this in a particular instance. There is perhaps no single factor contributing so much to people — Friedrich August Von Hayek

Intellectual capital is the main determining factor and the base for economic and social development to any country. — Talal Abu-Ghazaleh

In the name of compassion, Obama advocates seemingly endless extensions of unemployment benefits because his economic theology holds that by paying people not to work, you will create jobs. It not only fails to factor in the obvious deterrent that extended benefits have on their recipients but also falsely assumes that transferring money from one pocket to the next generates more spending - by some mythical multiple factor, no less. Back on planet Earth, studies reveal that extending unemployment benefits results in more unemployment. — David Limbaugh

Is anyone in the U.S. innocent? Although those at the very pinnacle of the economic pyramid gain the most, millions of us depend - either directly or indirectly - on the exploitation of the LDCs for our livelihoods. The resources and cheap labor that feed nearly all our businesses come from places like Indonesia, and very little ever makes its way back. The loans of foreign aid ensure that today's children and their grandchildren will be held hostage. They will have to allow our corporations to ravage their natural resources and will have to forego education, health, and other social services merely to pay us back. The fact that our own companies already received most of this money to build the power plants, airports, and industrial parks does not factor into this formula. Does the excuse that most Americans are unaware of this constitute innocence? Uninformed and intentionally misinformed, yes - but innocent? — John Perkins

Advertising is a valuable economic factor because it is the cheapest way of selling goods, particularly if the goods are worthless. — Sinclair Lewis

Moreover, the fact that more than a third of the electorate voted Nazi in 1932 was a hugely significant factor in the Republic's fall and in the rise of Hitler. But most of those voters were not motivated by a broad discontent with the Republic, including with its sexual politics, as some studies have asserted.54 Rather, voters were radicalized, driven to the extreme parties, and drawn to the polls by specific issues, such as the economic crisis, the fear of communism, and the trauma of unemployment.55 — Laurie Marhoefer

Man has existed for about a million years. He has possessed writing for about 6,000 years, agriculture somewhat longer, but perhaps not much longer. Science, as a dominant factor in determining the belief of educated men, has existed for about 300 years; as a source of economic technique, for about 150 years. In this brief period it has proved itself an incredibly powerful revolutionary force. When we consider how recently it has risen to power, we find ourselves forced to believe that we are at the very beginning of its work in transforming human life. — Bertrand Russell

Although military, economic and political strength certainly favors the more powerful side, the matter of simple justice is a counterbalancing factor. — Jimmy Carter

Population growth is straining the Earth's resources to the breaking point, and educating girls is the single most important factor in stabilizing that. That, plus helping women gain political and economic power and safeguarding their reproductive rights. — Al Gore

An economic blockade may cause more deaths by a factor of a hundred, but it does so silently and behind closed doors. Its first victims are the very young, the very old and the very sick. The numbers of children dying before their first birthday increased from one in thirty when sanctions were imposed to one in eight seven years later. Many Iraqis were simply not getting enough to eat. I — Patrick Cockburn

I am not interested in dry economic socialism. We are fighting against misery, but we are also fighting against alienation. One of the fundamental objectives of Marxism is to remove interest, the factor of individual interest, and gain, from people's psychological motivations. Marx was preoccupied both with economic factors and with their repercussions on the spirit. If communism isn't interested in this too, it may be a method of distributing goods, but it will never be a revolutionary way of life. — Che Guevara

The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus. — Peter Schiff

The most essential factor to economic recovery today [1932] is the restoration of confidence. — Herbert Hoover

The larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds. — Hilaire Belloc

One of the reasons for this cataclysmic change of destinies was the inherent weakness of a decaying agricultural empire of the Mughals which after more than two hundred years of rule over vast areas of India, was at its terminal stage and needed a small push to crumble like a house of cards.That push was given by six East India Companies of different European countries which had extracted rights to trade with India from the Mughals but transformed themselves as the arbiters and protectors of several Indian states. In this process they not only became rich but also militarily strong because in the twilight years of the Mughal empire, deteriorating security environment necessitated to arm themselves to protect their economic interests. Because of their inherent superiority as representatives of rising industrial powers, they had access to modern techniques and technology of warfare, which turned out to be the decisive factor in capturing vast territories in India. — Shahid Hussain Raja

The Federal Reserve's objectives of maximum employment and price stability do not, by themselves, ensure a strong pace of economic growth or an improvement in living standards. The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work. — Janet Yellen

It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time. — John Maynard Keynes

Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It is an inequitable distribution of productive power, from which an unworkable distribution of income results. — Louis O. Kelso

It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life. — Hjalmar Schacht

He is the resounding human rebuttal to all Marxist historians who think history is the story of vast and impersonal economic forces. The point of the Churchill Factor is that one man can make all the difference. — Boris Johnson

I think it's a mistake to rely too much on any one economic factor. It's why investors try to spread their portfolio round. — Paul Wolfowitz

Always leave enough time in your life to do something that makes you happy, satisfied, even joyous. That has more of an effect on economic well-being than any other single factor. — Paul Hawken

It is very important to have a correct socio-economic development forecast and plan, in which inflation being a vital investment factor should be the key indicator — Tatyana Golikova

The truth seems ... to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant. — Frank Knight