ECONOMY AND ECONOMICS

Quote: Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence. Author: Hannah Arendt 1906-1975, German-born American Political Philosopher

Quote: For the past 15 years or so, British governments have tried to persuade the rest of us that the best judges of the national interest are...businessmen. This may be a ridiculous statement, but -- ominously -- fewer and fewer people laugh at it. Author: Neil Ascherson British Journalist

Quote: The notion that big business and big labor and big government can sit down around a table somewhere and work out the direction of the American economy is at complete variance with the reality of where the American economy is headed. I mean, it's like dinosaurs gathering to talk about the evolution of a new generation of mammals. Author: Bruce Babbit American Politician

Quote: It seems to be a law in American life that whatever enriches us anywhere except in the wallet inevitably becomes uneconomic. Author: Russell (Wayne) Baker 1925-, American Journalist

Quote: Frugality is founded on the principal that all riches have limits. Author: Edmund Burke 1729-1797, British Political Writer, Statesman

Quote: Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy. Author: Edmund Burke 1729-1797, British Political Writer, Statesman

Quote: People do not understand what a great revenue economy is. Author: Marcus T. Cicero c. 106-43 BC, Great Roman Orator, Politician

Quote: Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores. Author: Charles Caleb Colton 1780-1832, British Sportsman Writer

Quote: There can be economy only where there is efficiency. Author: Benjamin Disraeli 1804-1881, British Statesman, Prime Minister

Quote: Everyone is always in favor of general economy and particular expenditure. Author: Sir Anthony Eden 1897-1977, British Statesman and Prime Minister (1955--7)

Quote: Commerce is a game of skill which everyone cannot play and few can play well. Author: Ralph Waldo Emerson 1803-1882, American Poet, Essayist

Quote: According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased. Author: Harry Enfield British Comedian

Quote: Ask five economists and you'll get five different explanations… six if one went to Harvard. Author: Edgar R. Fiedler

Quote: For economist the real world is often a special case. Author: Edgar R. Fiedler

Quote: The rate of interest acts as a link between income-value and capital-value Author: Irving Fisher American Mathematician and Economist

Quote: Few are sufficiently sensible of the importance of that economy in reading which selects, almost exclusively, the very first order of books. Why, except for some special reason, read an inferior book, at the very time you might be reading one of the highest order? Author: John W. Foster 1770-1843, British Clergyman, Essayist

Quote: No nation was ever ruined by trade. Author: Benjamin Franklin 1706-1790, American Scientist, Publisher, Diplomat

Quote: In economics the majority is always wrong. Author: John Kenneth Galbraith 1908-, American Economist

Quote: In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability. Author: John Kenneth Galbraith 1908-, American Economist

Quote: In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well. Author: John Kenneth Galbraith 1908-, American Economist

Quote: I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes. Author: Edward Gibbon 1737-1794, British Historian

Quote: Commerce changes the fate and genius of nations. Author: Thomas Gray 1716-1771, British Poet

Quote: No one is rich whose expenditures exceed his means, and no one is poor whose incomings exceed his outgoings. Author: Thomas C. Haliburton 1796-1865, Canadian Jurist, Author

Quote: Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in , say, physics, mathematics, or medicine -- the special pleading of selfish interests. Author: Henry Hazlitt

Quote: The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. Author: Ernest Hemingway 1898-1961, American Writer

Quote: Be thrifty, but not covetous. Author: George Herbert 1593-1632, British Metaphysical Poet

Quote: There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics. Author: John Hicks British Economist

Quote: How great, my friends, is the virtue of living upon a little! Author: Horace BC 65-8, Italian Poet

Quote: First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time. Author: Doug Horton

Quote: I learned more about the economy from one South Dakota dust storm that I did in all my years of college. Author: Hubert H. Humphrey 1911-1978, American Democratic Politician, Vice President

Quote: Never spend your money before you have earned it. Author: Thomas Jefferson 1743-1826, Third President of the USA

Quote: Commerce is one of the daughters of Fortune, inconsistent and deceitful as her mother. she chooses her residence where she is least expected, and shifts her home when in appearance she seems firmly settled. Author: Ben Johnston

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

Quote: Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance. Author: John F. Kennedy 1917-1963, Thirty-fifth President of the USA

Quote: If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid. Author: John Maynard Keynes 1883-1946, British Economist

Quote: The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems -- the problems of life and of human relations, of creation and behavior and religion. Author: John Maynard Keynes 1883-1946, British Economist

Quote: If all the economists in the world were laid end to end, it wouldn't be a bad thing. Author: Peter Lynch American Businessman, Stock Trader

Quote: A nation is not in danger of financial disaster merely because it owes itself money. Author: Andrew William Mellon 1855-1937, American Financier, Philanthropist, Statesman

Quote: Much in little. Author: Motto

Quote: If you laid ever economist in the country end to end you would still not reach a conclusion. Author: Salvador Nasello

Quote: In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries. Author: Ezra Pound 1885-1972, American Poet, Critic

Quote: The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. Author: Ronald Reagan 1911-, Fortieth President of the USA, Actor

Quote: We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule. Author: Ronald Reagan 1911-, Fortieth President of the USA, Actor

Quote: An economist's guess is liable to be as good as anybody else s. Author: Will Rogers 1879-1935, American Humorist, Actor

Quote: But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings. Author: Franklin D. Roosevelt 1882-1945, Thirty-second President of the USA

Quote: Men cannot not live by exchanging articles, but producing them. They live by work not trade. Author: John Ruskin 1819-1900, British Critic, Social Theorist

Quote: Profit is the ignition system of our economic engine. Author: Charles Sawyer

Quote: Call a thing immoral or ugly, soul-destroying or a degradation of man, a peril to the peace of the world or to the well-being of future generations; as long as you have not shown it to be ''uneconomic'' you have not really questioned its right to exist, grow, and prosper. Author: E. F. Schumacher 1911-1977, German Economist

Quote: Economic progress, in capitalist society, means turmoil. Author: Joseph A. Schumpeter 1883-1950, Austrian-American Economist

Quote: Economy is too late when you are at the bottom of your purse. Author: Seneca 4 B.C. – 65 A.D., Spanish-born Roman Statesman, philosopher

Quote: If all the economists were laid end to end, they would not reach a conclusion. Author: George Bernard Shaw 1856-1950, Irish-born British Dramatist

Quote: Commerce has set the mark of selfishness, the signet of its all-enslaving power, upon a shining ore, and called it gold: before whose image bow the vulgar great, the vainly rich, the miserable proud, the mob of peasants, nobles, priests, and kings, and with blind feelings reverence the power that grinds them to the dust of misery. Author: Percy Bysshe Shelley 1792-1822, British Poet

Quote: The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road. Author: James Thurber 1894-1961, American Humorist, Illustrator

Quote: Give me a one-handed economist! All my economics say, ''On the one hand… on the other.'' Author: Harry S. Truman 1884-1972, Thirty-third President of the USA

Quote: An economist is someone who knows more about money than the people who have it. Author: Source Unknown

Quote: If you took all the economists in the world and laid them end-to-end, they couldn't reach a conclusion Author: Source Unknown

Quote: The science hangs like a gathering fog in a valley, a fog which begins nowhere and goes nowhere, an incidental, unmeaning inconvenience to passers-by. Author: H.G. Wells 1866-1946, British-born American Author