Economic theory

Explore 7 quotes about Economic theory

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1 of 7

But this long run is a misleading guide to current affairs. In the long run we are all dead.

John Maynard Keynes

Read A Tract on Monetary Reform at Project Gutenberg

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Topic

The future The long run Economic theory Economics Death

Author

John Maynard Keynes

Source

A Tract on Monetary Reform

Genre

Economic literature

Language

English

Time

1924 1920s 20th century

Authentication Score 0

Original Citation

Keynes, John Maynard. A Tract on Monetary Reform. MacMillan and Co., 1924, p. 80.

Current Citation

Keynes, John Maynard. "A Tract on Monetary Reform (1923)." The Essential Keynes, edited by Robert Skidelsky. Penguin, 2016.

2 of 7

No nation was ever ruined by trade.

Benjamin Franklin

The Annual Register, Or a View of the History, Politics, and Literature, For the Year 1779

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Topic

Trade and commerce Economic theory

Author

Benjamin Franklin

Source

Thoughts on Commercial Subjects The Annual Register, Or a View of the History, Politics, and Literature, For the Year 1779

Language

English

Time

1780 1780s 18th century

Authentication Score 3

Citation

Franklin, Benjamin. "Thoughts on Commercial Subjects." The Annual Register, Or a View of the History, Politics, and Literature, For the Year 1779. London: J. Dodsley, 1780.

3 of 7

All systems, either of preference or of restraint, therefore, being thus completely taken away, the obvious and simple system of natural liberty establishes itself of its own accord. Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men.

Adam Smith

The Wealth of Nations

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Read The Wealth of Nations at Project Gutenberg

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Topic

Free market Economic theory Political theory

Author

Adam Smith

Source

The Wealth of Nations

Genre

Economic literature

Language

English

Time

1776 1770s 18th century

Authentication Score 2

Original Citation

Smith, Adam. The Wealth of Nations. Vol. 2, London: W. Strahan and T. Cadell 1776, bk. 4, ch. 9.

Current Citation

Smith, Adam. The Wealth of Nations, edited by Edwin Cannan. The Modern Library, bk. 4, ch. 9.

4 of 7

There is no way of keeping profits up but by keeping wages down.

David Ricardo

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Topic

Wages Labor Profits Zero sum thinking Capitalism Economic theory

Author

David Ricardo

Source

On Protection to Agriculture

Medium

Essay

Genre

Economic literature

Language

English

Time

1822 1820s 19th century

Authentication Score 3

Citation

Ricardo, David. On Protection to Agriculture. London: John Murray, 1822.

5 of 7

Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights.

Abraham Lincoln

Annual Message to Congress

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Topic

Labor Capital Capitalism Economic theory

Author

Abraham Lincoln

Source

Annual Message to Congress

Genre

Political literature

Language

English

Time

1861 1860s 19th century

Authentication Score 2

Original Citation

Lincoln, Abraham. First Annual Message to Congress. 3 Dec. 1861, U.S. Capitol Building, Washington, DC, USA.

Current Citation

Lincoln, Abraham. "Annual Message to Congress, December 3, 1861." Abraham Lincoln: Speeches and Writings 1859-1865, edited by Don E. Fehrenbacher. Library of America, 1989.

6 of 7

The first theory is that if we make the rich richer, somehow they will let a part of their prosperity trickle down to the rest of us. The second theory...was the theory that if we make the average of mankind comfortable and secure, their prosperity will rise upward, just as yeast rises up, through the ranks.

Franklin D. Roosevelt

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Topic

Economic theory

Speaker

Franklin D. Roosevelt

Medium

Speech

Genre

Political speech

Language

English

Time

1932 1930s 20th century

Authentication Score 3

Citation

Roosevelt, Franklin Delano. Campaign address. 2 Oct. 1932, Detroit, MI, USA.

7 of 7

Consumption is the sole end and purpose of production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.

Adam Smith

The Wealth of Nations

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Topic

Consumers Economic theory Political theory

Author

Adam Smith

Source

The Wealth of Nations

Genre

Economic literature

Language

English

Time

1776 1770s 18th century

Authentication Score 2

Original Citation

Smith, Adam. The Wealth of Nations. Vol. 2, London: W. Strahan and T. Cadell, 1776, bk. 4, ch. 8.

Current Citation

Smith, Adam. The Wealth of Nations, edited by Edwin Cannan. The Modern Library, bk. 4, ch. 8.