Economist

Explore 87 quotes by Economists

Rent is that portion of the produce of the earth, which is paid to the landlord for the use of the original and indestructible powers of the soil.

David Ricardo

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Topic

Rent

Author

David Ricardo

Source

On the Principles of Political Economy and Taxation

Genre

Economic literature

Language

English

Time

1817 1810s 19th century

Authentication Score 3

Original Citation

Ricardo, David. On Principles of Political Economy and Taxation. London: John Murray, 1817.

Current Citation

Ricardo, David. The Principles of Political Economy and Taxation. Dover Publications, 2004.

The first thing a man will do for his ideals is lie.

Joseph Schumpeter

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Topic

Ideals Lying

Author

Joseph Schumpeter

Source

History of Economic Analysis

Medium

Treatise

Genre

Economic literature

Statement Type

Irony Paradox

Language

English

Time

1950 1950s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph Alois. History of Economic Analysis. Oxford University Press, 1954, pt. 1, ch. 4, note 10.

Perhaps it is historically true that no order of society ever perishes save by its own hand.

John Maynard Keynes

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Read The Economic Consequences of the Peace at Project Gutenberg

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Topic

Societal collapse Civilization

Author

John Maynard Keynes

Source

The Economic Consequences of the Peace

Genre

Economic literature

Language

English

Time

1919 1910s 20th century

Authentication Score 2

Original Citation

Keynes, John Maynard. The Economic Consequences of the Peace. Self-published, 1919, ch. 6.

Current Citation

Keynes, John Maynard. "The Economic Consequences of the Peace." The Essential Keynes, edited by Robert Skidelsky. Penguin, 2016, ch. 6.

An infectious greed seemed to grip much of our business community.

Alan Greenspan

Read this speech at federalreserve.gov

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Topic

Dot com bubble Financial panics and bubbles The stock market

Speaker

Alan Greenspan

Source

Federal Reserve Board's Semiannual Monetary Policy Report to the Congress

Language

English

Time

2002 2000s 21st century

Authentication Score 3

Citation

Greenspan, Alan. "Federal Reserve Board's Semiannual Monetary Policy Report to the Congress." Before the Committee on Banking, Housing, and Urban Affairs, U. S. Senate. 16 July 2002, Washington DC, USA.

The power to become habituated to his surroundings is a marked characteristic of mankind.

John Maynard Keynes

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Read The Economic Consequences of the Peace at Project Gutenberg

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Topic

Adaptability Human nature

Author

John Maynard Keynes

Source

The Economic Consequences of the Peace

Genre

Economic literature

Language

English

Time

1919 1910s 20th century

Authentication Score 2

Original Citation

Keynes, John Maynard. The Economic Consequences of the Peace. Self-published, 1919, ch. 1.

Current Citation

Keynes, John Maynard. "The Economic Consequences of the Peace." The Essential Keynes. Penguin, edited by Robert Skidelsky, 2016, ch. 1.

Every piece of business strategy... Must be seen in its role in the perennial gale of creative destruction.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

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Topic

Business strategy Capitalism

Author

Joseph Schumpeter

Source

Capitalism, Socialism, and Democracy

Genre

Economic literature Historical literature

Language

English

Time

1942 1940s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 2, ch. 7.

A study of the history of opinion is a necessary preliminary to the emancipation of the mind.

John Maynard Keynes

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Topic

History of ideas Education as liberation History Education

Author

John Maynard Keynes

Source

The End of Laissez-faire

Medium

Essay

Genre

Economic literature

Language

English

Time

1926 1920s 20th century

Authentication Score 0

Original Citation

Keynes, John Maynard. The End of Laissez-Faire. Hogarth Press, 1926, ch. 1.

Current Citation

Keynes, John Maynard. "The End of Laissaz-faire." The Essential Keynes. Penguin, edited by Robert Skidelsky, 2016, ch. 1.

Bureaucracy is not an obstacle to democracy but an inevitable complement to it.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

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Topic

Bureaucracy Democracy Political theory

Author

Joseph Schumpeter

Source

Capitalism, Socialism, and Democracy

Genre

Economic literature Historical literature

Language

English

Time

1942 1940s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 3, ch. 18.

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals... The love of money as a possession—as distinguished from the love of money as a means to the enjoyments and realities of life—will be recognized for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease.

John Maynard Keynes

Read this essay at Yale.edu

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Topic

Corrosive effects of wealth Wealth Capitalism

Author

John Maynard Keynes

Source

Economic Possibilities for our Grandchildren

Medium

Essay

Genre

Economic literature

Statement Type

Bad predictions Prophecies and predictions

Language

English

Time

1930 1930s 20th century

Authentication Score 2

Original Citation

Keynes, John Maynard. "Economic Possibilities for Our Grandchildren." The Nation and Athenaeum, 11 and 18 Oct. 1930.

Current Citation

Keynes, John Maynard. "Economic Possibilities for Our Grandchildren (1930)." The Essential Keynes. Penguin, edited by Robert Skidelsky, 2016.

Very few people spend other people's money as carefully as they spend their own.

Milton Friedman

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Topic

Moral hazard Government spending Economics Government Political theory

Author

Milton Friedman

Source

Open Mind

Medium

Interview TV program

Language

English

Time

1975 1970s 20th century

Authentication Score 3

Citation

The Open Mind. Interview with Milton Friedman. Hosted by Richard Heffner. The Open Mind Legacy Project. National Educational Telecommunications Association, PBS, 7 Dec. 1975, www.YouTube.com/watch?v=k2Kg2SvsI8Q

The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not.

Friedrich Hayek

The Road to Serfdom

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Topic

Property rights Freedom

Author

Friedrich Hayek

Source

The Road to Serfdom

Genre

Political literature Economic literature

Language

English

Time

1944 1940s 20th century

Authentication Score 3

Citation

Von Hayek, Friedrich August. The Road to Serfdom [Der Weg zur Knechtschaft]. Routledge Press/University of Chicago Press, 1944, ch. 8.

Productivity isn't everything, but in the long run it is almost everything.

Paul Krugman

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Topic

The long run Productivity Economics

Author

Paul Krugman

Source

The Age of Diminished Expectations

Genre

Economic literature

Language

English

Time

1994 1990s 20th century

Authentication Score 0

Citation

Krugman, Paul. The Age of Diminished Expectations. MIT Press, 1990.

These are the days when men of all social disciplines and all political faiths seek the comfortable and the accepted; when the man of controversy is looked upon as a disturbing influence; when originality is taken to be a mark of instability; and when, in minor modification of the scriptural parable, the bland lead the bland.

John Kenneth Galbraith

The Affluent Society

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Topic

Conformity

Author

John Kenneth Galbraith

Source

The Affluent Society

Genre

Sociology Economic literature

Language

English

Time

1958 1950s 20th century

Authentication Score 3

Citation

Galbraith, John Kenneth. The Affluent Society. Houghton Mifflin, 1958, ch. 1, sect. 3.

How do we know when irrational exuberance has unduly escalated asset values?

Alan Greenspan

Read this speech at federalreserve.gov

More information about this quote

Topic

Financial panics and bubbles The stock market Investing

Speaker

Alan Greenspan

Source

The Challenge of Central Banking in a Democratic Society

Medium

Speech

Language

English

Time

1996 1990s 20th century

Authentication Score 3

Citation

Greenspan, Alan. "The Challenge of Central Banking in a Democratic Society." The Annual Dinner and Francis Boyer Lecture of The American Enterprise Institute for Public Policy Research. 5 Dec. 1996, Washington, DC, USA.

With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.

Milton Friedman

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Topic

Big business Business Hypocrisy Crony capitalism

Author

Milton Friedman

Source

The Suicidal Impulse of the Business Community

Medium

Lecture

Language

English

Time

1983 1980s 20th century

Authentication Score 3

Citation

Friedman, Milton. "The Suicidal Impulse of the Business Community." Hoover Pacific Coast Seminar Dinner. 25 Oct. 1983, Stanford University, Stanford, CA, USA.

Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself...economic freedom is also an indispensable means toward the achievement of political freedom.

Milton Friedman

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Topic

Nature of freedom Freedom Political theory

Author

Milton Friedman

Source

Capitalism and Freedom

Genre

Economic literature

Language

English

Time

1962 1960s 20th century

Authentication Score 3

Citation

Friedman, Milton. Capitalism and Freedom. University of Chicago Press, 1962, ch. 1.

I am certain, however, that nothing has done so much to destroy the juridical safeguards of individual freedom as the striving after this mirage of social justice.

Friedrich Hayek

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Topic

Threats to freedom

Author

Friedrich Hayek

Source

Economic Freedom and Representative Government

Medium

Lecture

Language

English

Time

1973 1970s 20th century

Authentication Score 3

Citation

Von Hayek, Friedrich August. "Economic Freedom and Representative Government." Fourth Wincott Memorial Lecture. 31 Oct. 1973, The Royal Society of Arts, London, England, UK.

One can relish the varied idiocy of human action during a panic to the full, for, while it is a time of great tragedy, nothing is being lost but money.

John Kenneth Galbraith

More information about this quote

Topic

Financial panics and bubbles

Author

John Kenneth Galbraith

Source

The Great Crash, 1929

Genre

Economic literature

Language

English

Time

1955 1950s 20th century

Authentication Score 3

Citation

Galbraith, John Kenneth. The Great Crash, 1929. Houghton Mifflin, 1955, ch. 1, sect. 2.

The treatment of the Negro is America's greatest and most conspicuous scandal.

Gunnar Myrdal

More information about this quote

Topic

Race relations

Author

Gunnar Myrdal

Source

An American Dilemma

Genre

Political literature

Language

English

Time

1944 1940s 20th century

Authentication Score 3

Citation

Myrdal, Gunnar. An American Dilemma: The Negro Problem and Modern Democracy. Vol. 2, Harper & Brothers, 1944, ch. 45, sect. 9.

In the first stone which he flings at the wild animals he pursues, in the first stick that he seizes to strike down the fruit which hangs above his reach, we see the appropriation of one article for the purpose of aiding in the acquisition of another, and thus discover the origin of capital.

Robert Torrens

More information about this quote

Topic

Tools Capital

Author

Robert Torrens

Source

An Essay on the Production of Wealth

Medium

Essay

Genre

Economic literature

Language

English

Time

1821 1820s 19th century

Authentication Score 3

Citation

Torrens, Robert. An Essay on the Production of Wealth. London: Longman, Hurst, Rees, Orme, and Brown, 1821, ch. 2.