Witty Economic Quotes & Sayings

The World is a very old place, so you'll never be able to tell a completely original story — Wally Lamb

A good taste is often unconscious; a just taste is always conscious. — Anna Brownell Jameson

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

The man of frank and strong prejudices, far from being a political and social menace and an obstacle in the path of progress, is often a benign character and helpful citizen. The chance is far greater, furthermore, that he will be more creative than the man who can never come to more than a few gingerly held conclusions, or who thinks that all ideas should be received with equal hospitality. There is such a thing as being so broad you are flat. — Richard M. Weaver

Imagine the situation between Israel and Palestine. It's such a big mess. You can be on one side or the other. But what's clear is that there's an urgent need for a solution there and that's been dragging on for so long. — Javier Bardem

When life knocks you to your knees, and it will, why, get up! If it knocks you to your knees again, as it will, well, isn't that the best position from which to pray? — Ethel Barrymore

Storms are not punishment for lack of obedience; oftentimes they are the result of obedience! — David Jeremiah

The term "rational" and its variants (rationality, rationalism) are used in a lot of contexts in economic debate, both positively and negatively, but nearly always sloppily or dishonestly. A specimen I've seen on more occasions than I can count is the line (usually presented with a sense of witty originality) "if you are opposed to economic rationalism, you must be in favor of economic irrationalism" ... I've come to the conclusion that the word "rational" has no meaning that cannot better be conveyed by some alternative term and that the best advice is probably to avoid it altogether. — John Quiggin