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Quotes about economics

133 quotes from 78 people

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Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.
Adam Smith1723–1790The Wealth of Nations (1776), Book I, Chapter II, p. 14.In context
- Animals
By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.
Adam Smith1723–1790The Wealth of Nations (1776), Book IV, Chapter II, p. 488-489.In context
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Adam Smith1723–1790The Wealth of Nations (1776), Book I, Chapter X, Part II, p. 152.In context
- Business
I have never known much good done by those who affected to trade for the public good.
Adam Smith1723–1790The Wealth of Nations (1776), Book IV, Chapter IIIn context
- Business
The greatest improvements in the productive powers of labour, and the greater part of the skill, dexterity, and judgment, with which it is anywhere directed, or applied, seem to have been the effects of the division of labour.
Adam Smith1723–1790The Wealth of Nations (1776), Book I, Chapter IIn context
- Work
No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed, and lodged.
Adam Smith1723–1790The Wealth of Nations (1776), Book I, Chapter VIIIIn context
- Justice
- Work
Untouched by the breath of God, unrestricted by human conscience, both capitalism and socialism are repulsive.
Aleksandr Solzhenitsyn1918–2008Interview with Joseph Pearce (2003)
- God
Stock market bubbles don’t grow out of thin air. They have a solid basis in reality — but reality as distorted by a misconception.
George Sorosborn 1930BuzzFlash interview (2004)
- Money
Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.
Thomas Sowellborn 1930The Thomas Sowell Reader, New York: NY, Basic Books (2011) p. 144, Forbes magazine, “The survival of the left” (Sept. 8, 1997)
- Politics
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Thomas Sowellborn 1930Is Reality Optional? (1993), Student Loans
- Politics
There can be no liberty unless there is economic liberty.
Margaret Thatcher1925–2013
There really is no alternative.
Margaret Thatcher1925–2013Press Conference for American correspondents in London (25 June 1980), defending monetarist policy.
- Politics
The record is clear, printing money doesn’t create jobs, it only creates more inflation.
Margaret Thatcher1925–2013Speech to Conservative Trade Unionists (Annual Conference) (1 November 1980)
- Money
Economics are the method; the object is to change the heart and soul.
Margaret Thatcher1925–2013Interview for The Sunday Times (1 May 1981)
- Politics
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