Top 56 Economics Quotes

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Economics is a subject that most people don’t understand. With that in mind, check out the top 56 economics quotes to learn a bit more.

#56 – 50. Economics Quotes

56. There is one rule for the industrialist and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible. – Henry Ford

55. We are endeavoring, too, to reduce the government to the practice of a rigorous economy, to avoid burdening the people, and arming the magistrate with patronage of money, which might be used to corrupt and undermine the principles of our government. – Jefferson

54. Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice. – Adam Smith

53. No nation was ever ruined by trade. – Benjamin Franklin

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

51. Never spend your money before you have earned it. – Jefferson

50. This is a difficult time for our nation and our economy. While this settlement imposes new rules and regulations, we believe that settling the case now is the right thing to do for our customers, for the technology industry and for the economy, – Gates

#49 – 40. Economics Quotes

49. Members of Congress were told they could face martial law if they didn’t pass the bailout bill. This will not be the last time. – James Dye

48. 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

47. Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community. – Andrew Carnegie

46. We are enjoying sluggish times and not enjoying them very much. – George Bush

45. 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, subsidise it – Reagan

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

43. You would think that economy would be one of the easiest habits in the world to break but it isn’t. – Peale

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

41. When men are employed they are best contented. – Benjamin Franklin

40. A national debt, if it is not excessive, will be to us a national blessing. – Alexander Hamilton

#39 – 30. Economics Quotes

39. No servant can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money. – Jesus of Nazareth

38. 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. – Roosevelt

37. The term bail-out is deceptive. They have people come up with euphenisms to hide reality – James Dye

36. It is really gratifying, for example, to visit India now and see that because they’ve had good educational institutions, and they’ve had a focus on it, there are more and more people in India participating in the world economy. – Gates

35. Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance. – Kennedy

34. To paraphrase Winston Churchill, I did not take the oath I have just taken with the intention of presiding over the dissolution of the world’s strongest economy. – Reagan

33. If all the economists were laid end to end, they would not reach a conclusion. – Shaw

32. Ask five economists and you’ll get five different explanations six if one went to Harvard. – Edgar R. Fiedler

31. Our necessities are few but our wants are endless. – Fortune Cookie

30. Truth is the most valuable thing we have. Let us economize it. – Twain

#29 – 20. Economics Quotes

29. The inscrutability [of economics] is perhaps not unintentional.  It gives endless employment to dialecticians who otherwise might become public charges or, at very worst, swindlers and tricksters. – Jack Vance

28. If there’s any part of the economy that’s delivered for all the citizens, it’s got to be the work that we and our partners in our industry have done, – Gates

27. Nothing so weakens a government as inflation. – J.K. Galbraith

26. Economics and politics are the governing powers of life today, and that’s why everything is so screwy. – Joseph Campbell

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

24. The president’s economic report is an insult to every hard-working American. It’s unpatriotic economics, and he should apologize for it. – Kennedy

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

22. Instead of having a set of policies that are equipping people for the globalization of the economy, we have policies that are accelerating the most destructive trends of the global economy. – Obama

21. People do not understand what a great revenue economy is. – Marcus Tullius Cicero

20. 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

#19 – 10. Economics Quotes

19. We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission. – Ayn Rand

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

17. 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

16. We did it [Disneyland], in the knowledge that most of the people I talked to thought it would be a financial disaster – closed and forgotten within the first year. – Disney

15. Reformers have the idea that change can be achieved by brute sanity. – George Bernard Shaw

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

13. Public servants say, always with the best of intentions, What greater service we could render if only we had a little more money and a little more power. But the truth is that outside of its legitimate function, government does nothing as well or as economically as the private sector. – Reagan

12. The hardest thing in the world to understand is the income tax. – Albert Einstein

11. I could’ve told you this was gonna happen 8 years ago because it is on purpose. – James Dye

10. Prison inmates are treated to cable TV, hot meals and a college education, while on the outside some people can only afford these things through a life of crime. – Alfred E. Neuman

#9 – 1. Economics Quotes

9. Investment is a flighty bird which needs to be controlled. – J.R. Hicks

8. The existing world economic order constitutes a system of plundering and exploitation like no other in history. – Fidel Castro

7. Four years ago we said we would invigorate our economy by giving people greater freedom and incentives to take risks and letting them keep more of what they earned. We did what we promised, and a great industrial giant is reborn. – Reagan

6. It seems to be a law in American life that whatever enriches us anywhere except in the wallet inevitably becomes uneconomic. – Russell Baker

5. The study of economy usually shows us that the best time for purchase was last year. – Allen

4. It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard for their own interest. – Adam Smith

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

2. We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis. – Paul Krugman

1. The production of too many useful things results in too many useless people. – Karl Marx

Ideas for the top 56 economics quotes come from the following sources.^[1]Quoteland – Economics^[2]Inc. – Top 10 Quotes About Economics^[3]Successories – Economy And Economics Quote^[4]VIU – Quotes from Economists and Others