Great Economic 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

Housing activity will remain healthy for some time to come. — David Lereah

Even a wizard would have a great deal of difficulty repealing the economic law that higher minimum wages reduce employment. Since politicians are not wizards, they should not try. — Gary Becker

Propelled by freedom of faith, gender equality and economic justice for all, India will become a modern nation. Minor blemishes cannot cloak the fact that India is becoming such a modern nation: no faith is in danger in our country, and the continuing commitment to gender equality is one of the great narratives of our times. — Pranab Mukherjee

In this view, the role of the great majority of Americans is simply to buy the products produced, work happily for their wages, and leave all of the significant economic decisions to the capitalists. — Barney Frank

Came of age in the Great Depression, when economic despair hovered over — Tom Brokaw

The minimum wage was enacted in 1937 during the Great Depression and it has been increased 16 times. It's a well-established economic policy to help families. — John Freeman

Behind the screen of the ballot, the real holders of power ... are the great industrial and monetary monopolies who own our national economic life. — Florence Luscomb

We cannot escape our destiny, nor should we try to do so. The leadership of the free world was thrust upon us two centuries ago in that little hall of Philadelphia. In the days following World War II, when the economic strength and power of America was all that stood between the world and the return to the dark ages, Pope Pius XII said, 'The American people have a great genius for splendid and unselfish actions. Into the hands of America God has placed the destinies of an afflicted mankind.' We are indeed, and we are today, the last best hope of man on earth. — Ronald Reagan

The test of a progressive policy is not private but public, not just rising income and consumption for individuals, but widening the opportunities and what Amartya Sen calls the 'capabilities' of all through collective action. But that means, it must mean, public non-profit initiative, even if only in redistributing private accumulation. Public decisions aimed at collective social improvement from which all human lives should gain. That is the basis of progressive policy - not maximising economic growth and personal incomes. Nowhere will this be more important than in tackling the greatest problem facing us this century, the environmental crisis. Whatever ideological logo we choose for it, it will mean a major shift away from the free market and towards public action, a bigger shift than the British government has yet envisaged. And, given the acuteness of the economic crisis, probably a fairly rapid shift. Time is not on our side. — Eric Hobsbawm

Jesus crossed national, racial, and economic barriers to spread his Good News. Jesus' message of faith and forgiveness is for the whole world - not just our church, neighborhood, or nation. We must reach out beyond our own people and needs to fulfill the worldwide vision of Jesus Christ so that people everywhere may hear this great message and be saved from sin and death. — Anonymous

Canadian money is also called the loony. How can you take an economic crisis seriously? — Robin Williams

Women tend to vote the economic interests of their families and to speak out on family economic issues. For men, there's often much more focus on the idea of personal failure: "If I'm not winning this great economic game, it must be my fault." — Elizabeth Warren

A deep and enduring economic crisis like the Great Depression of the 1930s, or a natural disaster that kills tens of thousands of people, might change America's fundamental calculus about economic justice. Until then, the American public will probably continue to refrain from broadly challenging both male and female corporate leaders who compensate themselves far in excess of their value to society. That — Sebastian Junger

There's a tendency for those unfamiliar with cooperatives to look down on them as the leftovers of the mainstream economy, implying that if these ideologically driven people simply reorganized themselves into "normal" private companies, they would be more efficient and productive. In fact, just the opposite is true: Cooperatives often enter into economic activities that private businesses will not take on. The most fertile period of cooperative growth was during the Great Depression. Rural electric cooperatives spread across the American plains when it became clear that other investor-owned and municipally owned utilities were uninterested in wiring up sparsely populated regions. Credit unions, as we'll soon explore, have seen an upsurge during the recent financial crisis. — Michael Shuman

Great leap forwards in mankind do not take place because of the economic values we place on them. They happen because we strive to do better and to be better. The sooner we break away from the 'if it makes money it must be good' mentality the better off we all shall be. — David Alejandro Fearnhead

If we put our trust in the common sense of common men and 'with malice toward none and charity for all' go forward on the great adventure of making political, economic and social democracy a practical reality, we shall not fail. — Henry A. Wallace

So long as the great majority of the poor in any country are inert and are laboring without any hope in this world, the whole associated life of that community rests on an equivocal foundation. Its moral and social order is tied to an economic system which starves and mutilates the great majority of the population, and under such conditions its religion necessarily becomes a spiritual drug, administered for the purpose of subduing the popular discontent and relieving the popular misery. — Herbert Croly

In my estimation, there should always be a mixture of economic liberalism - which means small government, a great emphasis on markets - but also a certain degree of social conservatism, not to favor change unless that change is beneficial. So I describe myself as an economic liberal and a social conservative. — John Howard

When we over consume the Earth's resources, we create an economic imbalance in societies and in the world. Affluent people and affluent societies can afford to buy everything in large quantities. They have an abundance of wealth and think they have the license to waste. They use a great deal and leave others with very little. It is this imbalance between rich and poor that gives rise to crime, violence, prejudice, and other negative attitudes.

When some people cannot get what they need through honest hard work, and see others wasting what is so precious, they feel justified in taking it by force. The Earth can only produce enough for everyone's need, but not for everyone's greed. Our greed and wasteful habits perpetuate poverty, which is violence against humanity. — Arun Gandhi

Back in August, I wrote a post about the supposed race to the bottom with ebooks, refuting some nonsense written by an establishment bonehead.
This meme won't die. People are still convinced that new ebooks are going to be priced at ten cents, and writers will starve, and this will cause a second Great Depression where banks will close and people will be forced to buy Kindles with food stamps, and then the earth will enter another ice age where all the bunnies will freeze to death. — J.A. Konrath

I do not see the E.E.C. [European Economic Community] as a great love affair. It's more like nine middle aged couples with failing marriages meeting at a Brussels hotel for a group grope. — Kenneth Tynan

I can never look at these apparent contradictions between the great laws of nature without a feeling of physical uneasiness which amounts to suffering. Were mankind reduced to the necessity of choosing between two parties, one of whom injures his interest, and the other his conscience, we should have nothing to hope from the future. Happily, this is not the case; and to see Aristus regain his economical superiority, as well as his moral superiority, it is sufficient to understand this consoling maxim, which is no less true from having a paradoxical appearance, "To save is to spend. — Frederic Bastiat

The more government takes in taxes, the less incentive people have to work. What coal miner or assembly-line worker jumps at the offer of overtime when he knows Uncle Sam is going to take sixty percent or more of his extra pay? ... Any system that penalizes success and accomplishment is wrong. Any system that discourages work, discourages productivity, discourages economic progress, is wrong. If, on the other hand, you reduce tax rates and allow people to spend or save more of what they earn, they'll be more industrious; they'll have more incentive to work hard, and money they earn will add fuel to the great economic machine that energizes our national progress. The result: more prosperity for all - and more revenue for government.4 — Donald J. Trump

Whatever change you desire for the world, create that change in your own life. You are here for a purpose. Seek it out. Hunt it down. The greatest misery is to be purposeless. The great depression of our age is not economic, but spiritual. Our spiritual poverty is rooted in our purposelessness. — Matthew Kelly

When those who had been evicted went back to where they came from, they found their villages had disappeared under great dams and dusty quarries. Their homes were occupied by hunger-and policemen. The forests were filling up with armed guerrillas. They found that the wars from the edge of India, in Kashmir, Nagaland, Manipur, had migrated to its heart. People returned to live on city streets and pavements, in hovels on dusty construction sites, wondering which corner of this huge country was meant for them. — Arundhati Roy

Can we actually suppose that we are wasting, polluting, and making ugly this beautiful land for the sake of patriotism and the love of God? Perhaps some of us would like to think so, but in fact this destruction is taking place because we have allowed ourselves to believe, and to live, a mated pair of economic lies: that nothing has a value that is not assigned to it by the market; and that the economic life of our communities can safely be handed over to the great corporations. (from 'Compromise, Hell!' published in the November/December 2004 issue of ORION magazine) — Wendell Berry

The most encouraging trend of our time is the widespread loss of faith in government. No longer do people look to the government as the great problem solver, economic planner, social unifier, or cultural czar. The government is more likely to be seen for what it is, a haven for grafters, liars, and would-be tyrants. Americans, like the Russians, no longer believe anything until it is officially denied. — Llewellyn Rockwell

Modern invention has been a great leveler. A machine may operate far more quickly than a political or economic measure to abolish privilege and wipe out the distinctions of class or finance. — Ivor Brown

The Panic of 1819 exerted a profound effect on American economic thought. As the first great financial depression, similar to a modern expansion-depression pattern, the panic heightened interest in economic problems, and particularly those problems related to the causes and cures of depressed conditions. — Murray Rothbard

When I go to a great movie, I can live somebody else's life a little bit for a while. I can walk in somebody else's shoes. I can see what it feels like to be a member of a different gender, a different race, a different economic class, to live in a different time, to have a different belief. — Roger Ebert

By putting "God" and "work" in the same title - in, so to speak, the same breath - Mr. Keeble challenges the modern orthodoxy, which has done its best to keep those terms separate. The great dissociation of which T. S. Eliot and others have spoken has made it likely that people will exclude from their forms of worship any reference to their economic life or the quality of their work, and that they will exclude from their work any sense of religious obligation. By bringing those two words back into their old association, and by the honor he gives to people who conscientiously kept them associated, Mr. Keeble restores to practical viability the idea of good work. He brings again into view the possibility of religion practicable in work, and work compatible with worship and wholly meant. Wendell Berry Lanes Landing Farm Port Royal, Kentucky — Brian Keeble

Great Power, capable of everything and only temporarily handicapped by economic difficulties. We are not a great power and never will be again. We are a great nation, but if we continue to behave like a Great Power we shall soon cease to be a great nation. Let us take warning from the fate of the Great Powers of the past and not burst ourselves with pride . — Henry Tizard

Inner peace - you need to know who you are, what you want out of life. You have to do your own thinking, and for that you better know who you are, and not just know but be secure in it, comfortable with yourself. Plus you gotta have discipline. Stamina. And luck sure helps. A little luck counts for a lot, including our great good luck of being born into the greatest economic system ever devised. It's not a perfect system by any means, but overall it's responsible for tremendous human progress. In just the past century alone, we've seen something like a seven-to-one improvement in the standard of living. I'm not saying we don't have problems, we've got a helluva lot of problems, but that's where the genius of the free market comes in, all the drive and talent and energy that goes into solving those problems. — Ben Fountain

If you had to explain America's economic success with one word, that word would be "education" ... Until now, the results of educational neglect have been gradual - a slow-motion erosion of America's relative position. But things are about to get much worse, as the economic crisis ... deals a severe blow to education across the board ... We need to wake up and realize that one of the keys to our nation's historic success is now a wasting asset. Education made America great; neglect of education can reverse the process. — Paul Krugman

The Bretton Woods saga unfurled at a unique crossroads in modern history. An ascendant anticolonial superpower, the United States, used its economic leverage over an insolvent allied imperial power, Great Britain, to set the terms by which the latter would cede its dwindling dominion over the rules and norms of foreign trade and finance. Britain cooperated because the overriding aim of survival seemed to dictate the course. The monetary architecture that Harry White designed, and powered through an international gathering of dollar-starved allies, ultimately fell, its critics agree, of its own contradictions. — Benn Steil

Women are an eternal subject, which is a lot like being subjected, or subjugated, or a subject nation, even. There are comparatively few articles about whether men are happy or why their marriages also fail or how nice or not their bodies are, even the movie-star bodies. They are the gender that commits the great majority of crime, particularly violent crime, and they are the majority of suicides as well. American men are falling behind women in attending college, and have fallen farther in the current economic depression than women, which you'd think would make them interesting subjects of inquiry. — Rebecca Solnit

Increasingly economic historians can draw analogies between the development of the present crisis and the period between the two world wars, as well as the crisis of a century ago, which was associated with the so-called great depression of 1873-1895. The latter crisis resulted in the rise of monopoly capitalism and imperialism, but also the end of Pax Britannica, as Britain began its decline from world leadership in the face of challenges from Germany and the United States. The present world crisis seems to be spelling the beginning of the end of Pax Americana and may hold untold other major readjustments in the international division of labor and world power in store for the future. — Andre Gunder Frank

Since the Enlightenment, in the great tension between rationalism (how we would like things to be so they make sense to us) and empiricism (how things are), we have been blaming the world for not fitting the beds of "rational" models, have tried to change humans to fit technology, fudged our ethics to fit our needs for employment, asked economic life to fit the theories of economists, and asked human life to squeeze into some narrative. — Nassim Nicholas Taleb

I am a great believer in planning- economic, social, political, military, total world planning. — Nelson Rockefeller

War is no longer made by simply analyzed economic forces if it ever was. War is made or planned now by individual men, demagogues and dictators who play on the patriotism of their people to mislead them into a belief in the great fallacy of war when all their vaunted reforms have failed to satisfy the people they misrule. — Ernest Hemingway,

Concern for the fate of the great rivers of the earth must lead us to reflect soberly on the model of development which our society is pursuing. A purely economic and technological understanding of progress, to the extent that it fails to acknowledge its intrinsic limitations and to take into consideration the integral good of humanity, will inevitably provoke negative consequences for individuals, peoples and creation itself. — Pope Benedict XVI

In his first term, President Barack Obama played a cautious manager navigating the worst economic disaster since the Great Depression and cleaning up the messes left by President George W. Bush in Iraq and Afghanistan. — Kevin O'Leary

We live in a world community, and economic contact has partly contributed to that. It's also the case that economic opportunity opened up by economic contact has helped to a great extent to reduce poverty in many parts of the world. — Amartya Sen

Lucien Goldmann has stated the central problem of Marxist aesthetics in the period of advanced capitalism. If the proletariat is not the negation of the existing society but to a great extent integrated into it, then Marxist aesthetics is confronted with a situation where "authentic forms of cultural creations" exist "though they cannot be attached to the consciousness -even a potential one- of a particular social group." The decisive question therefore is: how the "link is made between the economic structures and literary manifestations in a society where this link occurs outside the collective consciousness, i.e., without being grounded in a progressive class consciousness, without expressing such consciousness? — Herbert Marcuse

as inflation has fallen, so bonds have rallied in what has been one of the great bond bull markets of modern history. Even more remarkably, despite the spectacular Argentine default - not to mention Russia's in 1998 - the spreads on emerging market bonds have trended steadily downwards, reaching lows in early 2007 that had not been seen since before the First World War, implying an almost unshakeable confidence in the economic future. — Niall Ferguson

If overpopulation or lack of resources created poverty, then Hong Kong should be poor. Hong Kong has 20 times as many people per square mile as India, and no valuable natural resources. Yet Hong Kong is rich; the average income there is higher than in Great Britain or Canada. This is a recent development. In the 1920s, Hong Kong was as poor as India. But in a relatively short time it became rich because of one key ingredient: economic freedom. — John Stossel

Overconsumption is a "cancer eating away at our spiritual vitals." It cuts the heart right out of our compassion. It distances us from the great masses of broken bleeding humanity. It converts us into materialists. We become less able to ask moral questions. For example, just because we have the economic muscle to buy up vast amounts of the world's oil, does that give us the right to do so? When the poor farmer of India is unable to buy a gallon of gasoline to run his simple water pump because the world's demand has priced him out of the market, who is to blame? — Richard J. Foster

We are not facing great economic difficulties. The Indonesian people are faring reasonably well - just compare us to India or some other countries. — Sukarno

We aren't leveraging this great economic engine, the strongest economy in the world. And yet we have this totally weak response. We import $500 billion a year more in products than we export. — Jennifer Granholm

People are aware that they cannot continue in the same old way but are immobilized because they cannot imagine an alternative. We need a vision that recognizes that we are at one of the great turning points in human history when the survival of our planet and the restoration of our humanity require a great sea change in our ecological, economic, political, and spiritual values. — Grace Lee Boggs

Diverting resources into uneconomic uses takes them away from other, more productive areas and costs jobs. Some jobs are lost; others are never created. The uneconomic effects of protectionism benefit a few - usually well-to-do - at the expense of the great majority, including the poor. Protectionism cannot be justified on economic or moral grounds. As Frederic Bastiat wrote, tariffs are "legalized plunder." The law is used to steal. By — Ludwig Von Mises

Without education, we are weaker economically. Without economic power, we are weaker in terms of national security. No great military power has ever remained so without great economic power. — Jon Meacham

We're going to stop this preposterous obsession with economic growth at the cost of all else. Great economic success doesn't produce national happiness. It produces Republicans and Switzerland. So we're going to concentrate on just being lovely and pleasant and civilized. We're going to have the best schools and hospitals, the most comfortable public transportation, the liveliest arts, the most useful and well-stocked libraries, the grandest parks, the cleanest streets, the most enlightened social policies. In short, we're going to be like Sweden, but with less herring and better jokes. — Bill Bryson

Over the last decade, economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything. — Gavyn Davies

We live in a time of turmoil. Earthquakes and tsunamis wreak devastation, governments collapse, economic stresses are severe, the family is under attack,
and divorce rates are rising. We have great cause for concern. But we do not need to let our fears displace our faith. We can combat those fears by strengthening our faith. — Russell M. Nelson

Great upheavals produce shock waves that widen cracks in political, economic, and security orders. Sometimes the old orders break. Yet it can be in the power of leaders and peoples to shape the directions of change. — Robert Zoellick

Citizens across the United States are now uniting in a great cause to establish a Department of Peace, seeking nothing less than the transformation of our society, to make non-violence an organizing principle, to make war archaic through creating a paradigm shift in our culture for human development, for economic and political justice and for violence control. — Dennis Kucinich

Tomorrow's outcome for our nation is dependent upon how we act today to create the outcomes we desire for our country. Individual accountability is each of our responsibilities if we want to rebuild, renew and restore the great values that made America a global super power and light of hope to the rest of the world. Each of us is either part of the problem or the solution. — Don A. Holbrook

America, like Britain before her, is now the great defender of the Status Quo. She has committed herself against revolution and radical change in the underdeveloped world because independent governments would destroy the world economic and political system, which assures the United States its disproportionate share of economic and political power ... America's preeminent wealth depends upon keeping things in the underdeveloped world much as they are, allowing change and modernization to proceed only in a controlled, orderly, and nonthreatening way. — Richard Barnet

Hitler had an unprecedented opportunity, such as no man will ever again be offered so easily, to create something entirely new. However, besides the fact that he knows absolutely nothing about matters economic, he cannot even fully understand his economic advisers ... His constant worry has ever been to keep himself in power ... He believes that he alone is a great man, and all others non-entities. — Fritz Thyssen

It was at the graduate school at Columbia University that I first met Wesley C. Mitchell, with whom I was associated for many years at the National Bureau of Economic Research and to whom I owe a great intellectual debt. — Simon Kuznets

The Greeks invented the idea of nemesis to show how any single virtue, stubbornly maintained gradually changes into a destructive vice. Our success, our industry, our habit of work have produced our economic nemesis. Work made modern men great, but now threatens to usurp our souls, to inundate the earth in things and trash, to destroy our capacity to love and wonder. — Sam Keen

This kind of inequality - a level we haven't seen since the Great Depression - hurts us all. When middle-class families can no longer afford to buy the goods and services that businesses are selling, it drags down the entire economy, from top to bottom. America was built on the idea of broad-based prosperity - that's why a CEO like Henry Ford made it his mission to pay his workers enough so that they could buy the cars they made. It's also why a recent study showed that countries with less inequality tend to have stronger and steadier economic growth over the long run. — Barack Obama

China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia. — Milton Friedman

The boundaries of democracy have to be widened so as to include economic equality also. This is the great revolution through which we are all passing. — Jawaharlal Nehru

China attaches great importance to the utilization of renewable resources, making it one of the important moves to promote economic and social development — Hu Jintao

Modern man has made no significant leaps in the evolution of consciousness for thousands of years. In fact, we may even be less intelligent than some of the civilizations that have preceded us. Scientists have speculated that the gap of intelligence between great thinkers such as Einstein and Tesla compared to the average human is far greater than the gap between the average human and contemporary apes. What is it that is blocking us from achieving a superior level of intelligence?
Aside from the mental conditioning that our culture has been subjected to, I believe that it is due to an utter lack of understanding human nature. Modern humans are raised in such a negative environment. The corruption of our educational system, economic structure, and media outlets has resulted in a state of ignorance common amongst most individuals. — Joseph P. Kauffman

The great danger in the South comes precisely from the fact that the public is not informed. Newspapers shirk notoriously their editorial responsibilities and print what they think their readers want. They lean with the prevailing winds and employ every fallacy of logic in order to editorialize harmoniously with popular prejudices. They also keep a close eye on possible economic reprisals from the Councils and the Klans, plus other superpatriotic groups who bring pressure to bear on the newspapers' advertisers. In addition, most adhere to the long-standing conspiracy of silence about anything remotely favorable to the Negro. His achievements are carefully excluded or, when they demand attention, are handled with the greatest care to avoid the impression that anything good the individual Negro does is typical of his race. — John Howard Griffin

I'm astonished at how readily a great many people I know, young people, have accepted a reduced economic prospect and limited freedoms in any substantial sense, and basically traded them for being able to screw around online. — Jaron Lanier

I am disappointed with America. And there can be no great disappointment where there is not great love. I am disappointed with our failure to deal positively and forthrightly with the triple
evils of racism, economic exploitation, and militarism. We are presently moving down a dead-end road that can lead to national disaster. America has strayed to the far country of racism and militarism. — Martin Luther

So my life and the life of my family has been completely disrupted in absolutely every way. But it's been worth it. It's uncovered a vast cesspool of illegitimate economic and political power in which the Church is immersed right up to its ears, and I intend to dive in headfirst and pull it out of there dripping wet for all the world to see
no matter how long it takes, no matter whose feet get stepped on in the process, no matter how much it costs, no matter how great the personal sacrifice. — Madalyn Murray O'Hair

In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption. — Noam Chomsky

Scotland has a great deal to offer the world in terms of our approach to key economic and social issues. — Nicola Sturgeon

We can unfortunately not indefinitely extend the sphere of common action and still leave the individual free in his own sphere. Once the communal sector, in which the state controls all the means, exceeds a certain proportion of the whole, the effects of its actions dominate the whole system. Although the state controls directly the use of only a large part of the available resources, the effects of its decisions on the remaining part of the economic system become so great that indirectly it controls almost everything. — Friedrich Hayek

Art - in all of its forms - is not exclusive. It does not belong to any class, cast or country. Its matchless ability to express the most basic human impulses is only strengthened by its universality. It transcends language and culture, bridges social and political chasms and nurtures a collective understanding. It engenders hope, rebuilds self-respect and restores humanity. Art is a motivator, a force of empowerment and a source of support for people of all races, nationalities, ages, economic situations and genders. It is ageless, timeless and breaks through many barriers. Art brings strength to those who lack confidence, wish for a mental escape from harsh environments or who seek to restore happiness and hope in times of great need." Artfully AWARE 5 — Artfully Aware

Taxing Women is a must-have primer for any woman who wants to understand how our current tax system affects her family's economic condition. In plain English, McCaffery explains how the tax code stacks the deck against women and why it's in women's economic interest to lead the next great tax rebellion. — Patricia Schroeder

Every adult life could be said to be defined by two great love stories. The first - the story of our quest for sexual love - is well known and well charted, its vagaries form the staple of music and literature, it is socially accepted and celebrated. The second - the story of our quest for love from the world - is a more secret and shameful tale. If mentioned, it tends to be in caustic, mocking terms, as something of interest chiefly to envious or deficient souls, or else the drive for status is interpreted in an economic sense alone. And yet this second love story is no less intense than the first, it is no less complicated, important or universal, and its setbacks are no less painful. There is heartbreak here too. — Alain De Botton

Some time ago Ken Galbraith, in his witty and insightful The Great Crash, coined a new economic term: "the bezzle," defined as the current amount of undiscovered embezzlement. This financial creature has a magical quality: The embezzlers are richer by the amount of the bezzle, while the embezzlees do not yet feel poorer. — Warren Buffett

Our Government is fostering economic growth in Kitchener, Cambridge and all of the Waterloo Region by investing in our innovative businesses. Today's announcement is a great example of how we are helping high-potential companies bring great ideas to market faster. Helping our entrepreneurs and original thinkers export their products and services to the rest of the world creates jobs, growth and economic prosperity here at home. — Gary Goodyear

The most widely discussed formulation of [the One World model] was the "end of history" thesis advanced by Francis Fukuyama. "We may be witnessing, Fukuyama argued, " ... :;the end of history as such: that is, the end point of mankind's ideological evolution and the universalization of Western liberal democracy as the final form of human government.":; ... The future will be devoted not to great exhilarating struggles over ideas but rather to resolving mundane economic and technical problems. And, he concluded rather sadly, it will all be rather boring. (P. 31 — Samuel P. Huntington

Markets mean patrons, buyers, consumers. There is under capitalism one way to wealth: to serve the consumers better and cheaper than other people do. But in the shop and factory, the owner - or in the corporations, the representative of the shareholders, the president - is the boss. The mastership is merely apparent and conditional. He is subject to the supremacy of the consumer. The consumer is king - the real boss - and the manufacturer is done for if he does not outstrip his competitors in best serving the consumers. It was this great economic transformation that changed the face of the world. — Ludwig Von Mises

The great flaw of all these administrative techniques is that, in the name of equality and democracy, they function as a vast "antipolitics machine", sweeping vast realms of legitimate public debate out of the public sphere and into the arms of technical, administrative committees. They stand in the way of potentially bracing and instructive debates about social policy, the meaning of intelligence, the selection of elites, the value of equity and diversity, and the purpose of economic growth and development. They are, in short, the means by which technical and administrative elites attempt to convince a skeptical public--while excluding the public from debate--that they play no favorites, take no obscure discretionary action, and have no biases but are merely taking transparent technical calculations. — James C. Scott

Neither the military might nor the economic and technological development makes a nation great. It is made great by it's citizens with Self Respect and Integrity ingrained in their lives. — Pandurang Shastri Athavale

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts. — Ron Paul

The Poverty Tour provided the opportunity to meet many people who had been living paycheck to paycheck even before the economic downturn. To so quickly slide from the great middle into the underworld of the poor validated our suspicions that perhaps these citizens never really were bona fide, middle class Americans. Indeed, some economists assert that the middle class evaporated decades ago. — Cornel West

The great goal of the backlash is to nurture a cultural class war, and the first step in doing so, as we have seen, is to deny the economic basis of social class. After all, you can hardly deride liberals as society's "elite" or present the GOP as the party of the common man if you acknowledge the existence of the corporate world the power that creates the nation's real elite, that dominates its real class system, and that wields the Republican Party as its personal political system. — Thomas Frank

Capitalism is a system that works extremely well for someone who is highly motivated and very energetic, but it is not a great system for someone who is not interested in working hard or for someone who feels no need to contribute to the economic well-being of their community. — Ben Carson

One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it. — Robert J. Samuelson

The great flaw in the American economic system has finally been revealed: an unrealistic faith in the power of prosperity rather than in the ultimate power and benevolence of God. — Billy Graham

First, liberals discover social and economic problems. Not a difficult task: the human race has always had such problems and will continue to, short of the Garden of Eden. Liberals, however, usually need scores of millions in foundation grants and taxpayer-financed commissions to come up with the startling revelations of disease, poverty, ignorance, homelessness, et al. Having identified "problems" to the accompaniment of much coordinated fanfare, the liberals proceed to invoke "solutions," to be supplied, of course, by the federal government, which we all know and love as the Great Problem-Solving Machine. — Anonymous

One should be wary, however, of the conventional wisdom that modern economic growth is a marvelous instrument for revealing individual talents and aptitudes. There is some truth in this view, but since the early nineteenth century it has all too often been used to justify inequalities of all sorts, no matter how great their magnitude and no matter what their real causes may be, while at the same time gracing the winners in the new industrial economy with every imaginable virtue. — Thomas Piketty

History, practical experience, common sense and economic theory all agree: economic competition is probably one of the greatest ideas humans ever came up with. When people compete to achieve the same goal, great things seem to happen that otherwise would not. Things get done faster, cheaper, and better; new methods for lifting a weight or quenching a thirst are invented; the average guy ends up with more of the stuff he likes at a lower price than before. That is why, in the end, socialism collapsed like a rotten wall: it did not allow its people to compete and, as a result, it not only made their economic life miserable, but strangled their hearts and souls. — Michele Boldrin

It is my hypothesis that the fundamental source of conflict in this new world will not be primarily ideological or primarily economic. The great divisions among humankind and the dominating source of conflict will be cultural. Nation-states will remain the most powerful actors in world affairs, but the principal conflicts of global politics will occur between nations and groups of different civilizations. The clash of civilizations will dominate global politics. The fault lines between civilizations will be the battle lines of the future. — Samuel P. Huntington

For nearly three decades there has been, by and large, peace and tranquility on the India-China border. Not a single bullet has been fired for over a quarter-century. Both countries are showing great maturity and a commitment to economic cooperation. — Narendra Modi

For the individual, as I can testify, a brief grounding in semantics, besides making philosophy unreadable, makes unreadable most political speeches, classical economic theory, after-dinner oratory, diplomatic notes, newspaper editorials, treatises on pedagogics and education, expert financial comment, dissertations on money and credit, accounts of debates, and Great Thoughts from Great Thinkers in general. You would be surprised at the amount of time this saves. — Stuart Chase

As economic globalization gathers momentum, China and the United States have become highly interdependent economically. Such economic relations would not enjoy sustained, rapid growth if they were not based on mutual benefit or if they failed to deliver great benefits to the United States. — Xi Jinping

There is a sort of myth of History that philosophers have ... History for philosophers is some sort of great, vast continuity in which the freedom of individuals and economic or social determinations come and get entangled. When someone lays a finger on one of those great themes
continuity, the effective exercise of human liberty, how individual liberty is articulated with social determinations
when someone touches one of these three myths, these good people start crying out that History is being raped or murdered. — Michel Foucault

It means that we must abandon the method of civil disobedience, non-cooperation and satyagraha. When there was no way left for constitutional methods for achieving economic and social objectives, there was a great deal of justification for unconstitutional methods. But where constitutional methods are open, there can be no justification for these unconstitutional methods. These methods are nothing but the Grammar of Anarchy and the sooner they are abandoned, the better for us. — B.R. Ambedkar

I should like very much to go to America. I have heard so much of the great industrial and economic development of that great land, and I wish to see things for myself. — Chiang Kai-shek