Economics Quotes

Econometrics is the art of extracting the maximum information from minimum data.

Most of the people of the world are poor, so if we knew the economics of being poor, we would know much of the economics that really matters.

The Kuznets curve suggests that as an economy develops, market forces first increase and then decrease overall economic inequality.

The ultimate aim of economic policy is to create a society in which every individual can develop his or her full potential.

Economic theory without statistical verification is a mere exercise in logic.

The American Creed is the cement in the structure of this great and disparate nation.

The unearned increment of land value is the natural fund from which all public expenses should be defrayed.

Political Economy is the science which treats of the nature, the production, and the distribution of wealth.

The earth is the sole source of wealth and it is agriculture which multiplies it.

The true wealth of a nation is its land and its people.

All the inhabitants of a State are supported and maintained from the produce of the Land and from the Labour of Men.

Trade is a continual circulation of buying and selling, and the more buying and selling there is, the more trade there is.

The best way to acquire wealth is to manage well what you have.

The theory of value is the theory of choice.

The purpose of the economy is to serve the people, not the other way around.

The outstanding structural characteristic of the American economy is the predominant role of services.

Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.

The first principle of Economics is that every agent is actuated only by self-interest.

The error of the cost theories of value consists in their confusing the causes of the origin of goods with the causes of the value of goods.

The most important thing a book can do is to make you think.