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Quotes about economics

133 quotes from 78 people

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One definition of an economist is somebody who sees something happen in practice and wonders if it will work in theory.
Ronald Reagan1911–2004
We who live in free market societies believe that growth, prosperity and ultimately human fulfillment, are created from the bottom up, not the government down. Only when the human spirit is allowed to invent and create, only when individuals are given a personal stake in deciding economic policies and benefitting from their success⁠—only then can societies remain economically alive, dynamic, progressive, and free.
Ronald Reagan1911–2004
We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
Winston Churchill1874–1965Early career (1897–1929)
Have we the courage and the will to face up to the immorality and discrimination of the progressive tax, and demand a return to traditional proportionate taxation?
Ronald Reagan1911–2004
Collecting more taxes than is absolutely necessary is legalized robbery.
Calvin Coolidge1872–1933
We need true tax reform that will at least make a start toward restoring for our children the American Dream that wealth is denied to no one, that each individual has the right to fly as high as his strength and ability will take him.
Ronald Reagan1911–2004
Our industries have expanded to such a point that they will burst their jackets if they cannot find a free outlet to the markets of the world. Our domestic markets no longer suffice. We need foreign markets.
Woodrow Wilson1856–1924
The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.
?UnattributedOften credited to Alexis de Tocqueville
- America
A democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
Alexis de Tocqueville1805–1859Democracy in America, Volume I (1835), Chapter XIII.
- Democracy
Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God’s children.
Martin Luther King Jr.1929–1968Speech to the Negro American Labor Council (May 1965), as quoted in From Civil Rights to Human Rights : Martin Luther King, Jr., and the Struggle for Economic Justice (2009), by Thomas F. Jackson, p. 230
The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.
Winston Churchill1874–1965Speech in the House of Commons (October 22, 1945) “Demobilisation”
Capital is dead labor, that vampire-like, only lives by sucking living labor, and lives the more, the more labor it sucks.
Karl Marx1818–1883Das Kapital (Buch I) (1867), Vol. I, Ch. 10, Section 1, p. 257.
- Work
The directing motive, the end and aim of capitalist production, is to extract the greatest possible amount of surplus value, and consequently to exploit labor-power to the greatest possible extent.
Karl Marx1818–1883Das Kapital (Buch I) (1867), Vol. I, Ch. 13, pg. 363.
The product of mental labor — science — always stands far below its value, because the labor-time necessary to reproduce it has no relation at all to the labor-time required for its original production.
Karl Marx1818–1883Addenda, “Relative and Absolute Surplus Value” in Economic Manuscripts (1861-63)
- Science
Economics is on the side of humanity now.
Isaac Asimov1920–1992The Currents of Space (1952), Chapter 18 “The Victors” (p. 185)