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Economics Quotes


Top 25 Economics Quotes


No 1 (Best quote!)Economics Quotes

A nation’s standard of living in the long term depends on its ability to attain a high and rising level of productivity in the industries in which its firms compete. This rests on the capacity of its firms to achieve improving quality or greater efficiency.

- Michael Porter, pictured right, in The Competitive Advantage of Nations (1990)



No 2Economics Quotes

There's no such thing as a free lunch.

- Milton Friedman (1912-2006), American economist, pictured right.



No 3Economics Quotes

It’s the economy, stupid 1992 slogan in his presidential campaign.

- Bill Clinton (1946- ), American president, pictured right.



No 4Economics Quotes

It's a recession when your neighbour loses his job; it's a depression when you lose yours.

- Harry S. Truman (1884–1972), American president, pictured right.

Economics Quotes

Thomas Carlyle (1795–1881), the Scottish writer and philosopher, pictured right, also comments:

A man willing to work, and unable to find work, is perhaps the saddest sight



No 5Economics Quotes

It was as true... as taxes is. And nothing’s truer than them,

(Mr Barkis in David Copperfield)

- Charles Dickens (1812-70), English writer, pictured right.

Economics Quotes

Benjamin Franklin (1706-90), the American politician and philosopher, pictured right, agrees:

Nothing can be said to be certain, except death and taxes



No 6Economics Quotes

The market has no heart.

Anita Roddick (1942-2007), founder of the cosmetics retailer, the Body Shop, pictured right,

 Economics Quotes

Michael Heseltine (1933- ), the British politician (pictured right), says similarly:

The market has no morality,



No 7Economics Quotes

No society can surely be flourishing and happy of which the far greater part of the members are poor and miserable.

 (from the 1776 book The Wealth of Nations)

- Adam Smith (1723-90), Scottish philosopher, pictured right.



No 8Economics Quotes

The Dismal Science [term for economics],

- Thomas Carlyle 1795–1881, Scottish writer and philosopher, pictured right.



No 9Economics Quotes

Inflation is the one form of taxation that can be imposed without legislation,

- Milton Friedman (1912-2006), American economist, pictured right.



No 10Economics Quotes

The best way to destroy the capitalist system is to debauch the currency,

 - Lenin (1870-1924), pictured right, Russian leader.



No 11Economics Quotes

One cannot have a socially excellent economic system without having an economic system.

- J. K. Galbraith, pictured right, Economics and the Public Purpose (1973)



No 12Economics Quotes

The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else.

- John Maynard Keynes (1883-1946), English economist, pictured right.


No 13Economics Quotes

Leadership, therefore, becomes more important than ever in this new world, and philosophy, or the search for meaning of things, becomes the driving force of economics.

- Charles Handy, pictured right, in  Beyond Certainty (1995)



No 14Economics Quotes

The aim of wealth should not be to blindly produce a higher GDP but to produce more well-being.

- Martin Seligman (1942- ), American psychologist, pictured right.  



No 15Economics Quotes

The democracy will cease to exist when you take away from those who are willing to work and give to those who would not,

- Thomas Jefferson (1743-1826), pictured right, American president.



No 16Economics Quotes

The way to crush the bourgeoisie is to ground them between the millstones of taxation and inflation.

- Lenin (1870-1924), pictured right, Russian leader.



No 17Economics Quotes

Pennies do not come from heaven. They have to be earned here on earth.

- Margaret Thatcher (1925-2013), pictured right, British prime minister



No 18Economics Quotes

The weaker are always anxious for justice and equality. The strong pay no heed to either.

- Aristotle (384-322 BC), Greek philosopher, pictured right.


No 19Economics Quotes

The rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

(from the 1776 book The Wealth of Nations)

- Adam Smith (1723-90), Scottish philosopher, pictured right.


No 20Economics Quotes

To be free to choose, and not to be chosen for, is an inalienable ingredient in what makes human beings human.

- Isaiah Berlin (1909-1997), Russian-born British philosopher, pictured right.



No 21Economics Quotes

If a rich man wants to help the poor, he should pay his taxes gladly,

- Clement Attlee (1883-1967), pictured right, the British prime minister.


No 22Economics Quotes

No patriot or man of feeling could therefore oppose it [growth]. But the nature of this growth... is at once undirected and infinitely self-generating in the endless demand for all the useless things in the world.

 - Adam Smith (1723-90), Scottish philosopher, pictured right.

(quoted by Charles Handy, pictured right, in Beyond Certainty (1995) 



No 23Economics Quotes

The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behaviour and religion.

- John Maynard Keynes (1883-1946), English economist, pictured right.



No 24Economics Quotes

Money is made possible only by the men who produce.

- Francisco d’Anconia in Ayn Rand’s, pictured right, book Atlas Shrugged (1957).


No 25Economics Quotes

The rule is jam tomorrow and jam yesterday - but never jam today.

- the Queen in Lewis Carroll's (pictured right)1871 book Alice Through The Looking Glass 

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