Economics Quotes and Quotation

• "The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built." --Ludwig von Mises

• "A properly functioning free market system does not spring spontaneously from society's soil as crabgrass springs from suburban lawns. Rather, it is a complex creation of laws and mores... Capitalism is a government program." --George Will

• "An economist is a man who states the obvious in terms of the incomprehensible." --Alfred A. Knopf

• "Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all." --Adam Smith

• "Economics is the science of greed." --F. V. Meyer

• "How is property given? By restraining liberty; that is, by taking it away so far as necessary for the purpose. How is your house made yours? By debarring every one else from the liberty of entering it without your leave." --Jeremy Bentham

• "If economists were laid end to end, they would not reach a conclusion" --George Bernard Shaw

• "Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds." --Thomas Paine

• "Nothing is particularly hard if you divide it into small jobs." --Henry Ford

• "Since the state must necessarily provide subsistence for the criminal poor while undergoing punishment, not to do the same for the poor who have not offended is to give a premium on crime." --John Stuart Mill

• "That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise." --President Abraham Lincoln

• "The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another." --Milton Friedman

• "The prosperity we have known up to the present is the consequence of rapidly spending the planet's irreplaceable capital." --Aldous Huxley

• "Things may come to those who wait. But only the things left by those who hustle." --Abraham Lincoln

• "Under capitalism, man exploits man. Under communism, it's just the opposite." --John Kenneth Galbraith

• "The only function of economic forecasting is to make astrology look respectable." --John Kenneth Galbraith

• "It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance." --Murray Rothbard Making Economic Sense (1995)

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