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Quotes about economics

133 quotes from 78 people

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As against the “invisible hand” of Adam Smith, there has to be a visible hand of politicians whose objective is to have the kind of society that is caring and humane.
Pierre Trudeau1919–2000Memoirs (1993), Part 3, 1974—1979 Victory And Defeat, p. 190
- Government
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
Labor in this country is independent and proud. It has not to ask the patronage of capital, but capital solicits the aid of labor.
Daniel Webster1782–1852Speech (2 April 1824); reported in Edward Everett, ed., The Works of Daniel Webster (1851), volume iii, page 141
- Work
He smote the rock of the national resources, and abundant streams of revenue gushed forth. He touched the dead corpse of Public Credit, and it sprung upon its feet.
Daniel Webster1782–1852Speech on Hamilton (10 March 1831)
The struggle between the opponents and defenders of capitalism is a struggle between innovators who do not know what innovation to make and conservatives who do not know what to conserve.
Simone Weil1909–1943The Power of Words (1937), p. 233
- Politics
Money and credit are as much human contrivances as bicycles, and as liable to expansion and modification as any other sort of prevalent but imperfect machine.
H. G. Wells1866–1946Anticipations of the Reaction of Mechanical and Scientific Progress Upon Human Life and Thought (1901), The Faith, Morals, and Public Policy of The New Republic, pp. 340–343
- Money
It is immoral to use private property in order to alleviate the horrible evils that result from the institution of private property.
Oscar Wilde1854–1900The Soul of Man Under Socialism (1891)
- Charity
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
A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated.
Woodrow Wilson1856–1924The New Freedom (1913), Section VIII: “Monopoly, Or Opportunity?”, p. 185
- Money
American industry is not free, as once it was free; American enterprise is not free; the man with only a little capital is finding it harder to get into the field, more and more impossible to compete with the big fellow.
Woodrow Wilson1856–1924The New Freedom (1913), Section I: “The Old Order Changeth”, p. 15
- Business
One day our grandchildren will go to museums to see what poverty was like.
Muhammad Yunusborn 1940“Interview with Prof. Muhammad Yunus” Australian Broadcasting Corporation (25 March 1997)
The poor themselves can create a poverty-free world — all we have to do is to free them from the chains that we have put around them.
Muhammad Yunusborn 1940“Eliminating Poverty Through Market-Based Social Entrepreneurship” in Global Urban Development Magazine (May 2005)
- Freedom
Capitalism has always been a failure for the lower classes. It is now beginning to fail for the middle classes.
Howard Zinn1922–2010A People’s History of the United States (1980; 2003), Chapter 24. The Coming Revolt of the Guards