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Home Page » Categories » Economics

Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.

Ludwig von Mises
Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.

But whether, for example, a coat can be exchanged for twenty yards of linen cloth or for forty yards is not a matter of chance, but depends upon objective conditions, upon the amount of socially...

Rudolf Hiferding
But whether, for example, a coat can be exchanged for twenty yards of linen cloth or for forty yards is not a matter of chance, but depends upon objective conditions, upon the amount of socially necessary labor time contained in the coat and in the linen respectively.

Capitalism in the United States has undergone profound modification not just under the New Deal but through a consensus that continued to grow after the New Deal. Government in the U.S. today is a...

Norman Cousins
Capitalism in the United States has undergone profound modification not just under the New Deal but through a consensus that continued to grow after the New Deal. Government in the U.S. today is a senior partner in every business in the country.

Thirty years ago {written 2009}, over-regulation, over-taxation, mis-regulation, statism, state corporatism, and economic folly, cosiness and regulatory capture, and a crescent ideological enemy...

G.M.W. Wemyss
Thirty years ago {written 2009}, over-regulation, over-taxation, mis-regulation, statism, state corporatism, and economic folly, cosiness and regulatory capture, and a crescent ideological enemy without, who were assisted by enemies – both fifth columnists and useful fools – within, had led to a crisis of confidence in the West, and in all lands that – and amongst all peoples, particularly those who were oppressed in their own lands, who – loved and desired liberty. Of course, thirty years ago, Britain had Margaret Thatcher to turn to.

The economy depends about as much on economists as the weather does on weather forecasters.

Jean - Paul Kauffmann
The economy depends about as much on economists as the weather does on weather forecasters.

Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so-called economists who in turn are full of schemes for getting something for nothing. They...

Henry Hazlitt Economics in One...
Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so-called economists who in turn are full of schemes for getting something for nothing. They tell us that the government can spend and spend without taxing at all; that it can continue to pile up debt without ever paying it off, because we owe it to ourselves.

No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable.

Adam Smith
No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable.

Our attitude to these criticisms must be determined by our whole moral and emotional reaction to the future of international relations and the Peace of the World.

John Maynard Keynes
Our attitude to these criticisms must be determined by our whole moral and emotional reaction to the future of international relations and the Peace of the World.

Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the...

Kurt Vonnegut Jr. Hocus Pocus
Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the people below. It never really works out that way, of course, because if there are 2 things people at the top can't stand, they have to be leakage and overflow.

General admission for groundlings - those who stood in the open around the stage - was a penny. Those who wished to sit paid a penny more, and those who desired a cushion paid another penny on top of...

Bill Bryson Shakespeare: The...
General admission for groundlings - those who stood in the open around the stage - was a penny. Those who wished to sit paid a penny more, and those who desired a cushion paid another penny on top of that - all this at a time when a day's wage was 1 shilling {12 pence} or less a day. The money was dropped into a box, which was taken to a special room for safekeeping - the box office.

He wants to focus on what he calls 'cultural issues.' That makes sense, because when you're going to rob people blind you don't want to have them focus their attention on economic issues.

Noam Chomsky Class Warfare:...

One should attend carefully to the fear and desperation of the powerful. They understand very well the potential reach of the "ultimate weapon," and only hope that those who seek a more free and just...

Noam Chomsky Profit Over...

The ideas of debtor and creditor as to what constitutes a good time never coincide.

P. G. Wodehouse Love Among the...

On Earth one of the things that a large proportion of the locals is most proud of is this wonderful economic system which, with a sureness and certainty so comprehensive one could almost imagine the...

Iain M. Banks The State of the...

Do you understand economics? I mean big-time, prewar, global capitalism. Do you get how it worked? I don't, and anyone who says they do is full of shit.

Max Brooks World War Z: An...

International business, once allowed to stalk uncontrolled, killed the local, the small, the quirky.

Alexander McCall Smith Love Over...
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