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 :: Famous Quotations Topic: Economy and Economics (57 Quotations)

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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.
~ Bruce Babbit

 

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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.
~ Hannah Arendt

 

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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.
~ Neil Ascherson

 

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It seems to be a law in American life that whatever enriches us anywhere except in the wallet inevitably becomes uneconomic.
~ Russell (Wayne) Baker

 

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Frugality is founded on the principal that all riches have limits.
~ Edmund Burke

 

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Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.
~ Edmund Burke

 

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People do not understand what a great revenue economy is.
~ Marcus T. Cicero

 

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Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores.
~ Charles Caleb Colton

 

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There can be economy only where there is efficiency.
~ Benjamin Disraeli

 

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Everyone is always in favor of general economy and particular expenditure.
~ Sir Anthony Eden

 

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Commerce is a game of skill which everyone cannot play and few can play well.
~ Ralph Waldo Emerson

 

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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.
~ Harry Enfield

 

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Ask five economists and you'll get five different explanationsÓ six if one went to Harvard.
~ Edgar R. Fiedler

 

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For economist the real world is often a special case.
~ Edgar R. Fiedler

 

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The rate of interest acts as a link between income-value and capital-value
~ Irving Fisher

 

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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?
~ John W. Foster

 

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No nation was ever ruined by trade.
~ Benjamin Franklin

 

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In economics the majority is always wrong.
~ John Kenneth Galbraith

 

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In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
~ John Kenneth Galbraith

 

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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.
~ John Kenneth Galbraith

 

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