Economics

Explore 8 quotes about Economics

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

More information about this quote

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.

Not a "gay science," I should say, like some we have heard of; no, a dreary, desolate, and, indeed, quite abject and distressing one: what we might call, by way of eminence, the dismal science.

Thomas Carlyle

On the discipline of economics.

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Topic

Economics

Author

Thomas Carlyle

Language

English

Time

1849 1840s 19th century

Authentication Score 3

Original Citation

Carlyle, Thomas [published anonymously]. "Occasional Discourse on the Negro Question." Fraser's Magazine, Dec. 1849.

Current Citation

Carlyle, Thomas. "The Nigger Question." The Works of Thomas Carlyle, edited by Henry Duff Traill. Vol. 29, Cambridge University Press, 2010.

Trickle-down theory—the less than elegant metaphor that if one feeds the horse enough oats, some will pass through to the road for the sparrows.

John Kenneth Galbraith

More information about this quote

Topic

Economics Politics

Author

John Kenneth Galbraith

Source

The Culture of Contentment

Medium

Essay

Statement Type

Metaphor, analogy and simile

Language

English

Time

1992 1990s 20th century

Authentication Score 3

Citation

Galbraith, John Kenneth. The Culture of Contentment. Houghton Mifflin Company, 1992, ch. 8.

One of the main effects…of orthodox traditional economics was…a plan for explaining to the privileged class that their position was morally right and was necessary for the welfare of society.

Joan Robinson

More information about this quote

Topic

Economics

Author

Joan Robinson

Genre

Economic literature

Language

English

Time

1937 1930s 20th century

Authentication Score 3

Citation

Robinson, Joan. "An Economist's Sermon." Essays in the Theory of Employment. Macmillan, 1937.

Economics limps along with one foot in untested hypotheses and the other in untestable slogans.

Joan Robinson

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Topic

Economics

Author

Joan Robinson

Genre

Economic literature

Language

English

Time

1962 1960s 20th century

Authentication Score 3

Citation

Robinson, Joan. "Metaphysics, Morals and Science." Economic Philosophy. C. A. Watts and Co., 1962.

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

Milton Friedman

More information about this quote

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

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

Paul Krugman

More information about this quote

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.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

John Maynard Keynes

The Economic Consequences of the Peace

buy The Essential Keynes at Amazon buy The Essential Keynes at Amazon
Read The Economic Consequences of the Peace at Project Gutenberg

More information about this quote

Topic

Inflation Political theory Politics Economics

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.