Quotes describing the importance of the economy

Quotations from famous people in economics (reposted) Quotes from famous people about economics

1. “When we do something right, no one will remember it; when we do something wrong, no one will remember it. Forget! ”

——National Institute of Meteorology, Washington, USA

2. Our dinner does not come from the favor of the butcher, the brewer, and the baker, but from their own interests. of concern.

——Adam Smith, "The Wealth of Nations" (1776)

3. Life begins with your own cries and ends with the tears of others. The process is happiness.

——The Western philosopher said so.

4. Since 1520, only 85 institutions in the world have survived to this day, 50 of which are universities. Universities survive on dreams and hopes - this is the history of universities.

——L.C. Berlinger, President of Columbia University, USA

5. Politics is like riding a bicycle: bend down but look ahead, be silent but ride hard.

——Belgian Prime Minister Verhofstadt

6. The government’s top priority is not to do what people are already doing, no matter whether the results are better or worse; To do things that have never been done before.

——John Maynard Keynes: "The End of Laissez-faire" (1926)

7. It is difficult to remain calm on the surface of the sea, and society The balance of value is even more so. It is determined by supply and demand: things that are man-made or legal, often punish themselves in turn through overproduction and corporate bankruptcy.

——Ralph Waldo Emerson (1860)

8. The age of chivalry has passed, followed by the wise, the economic The era of scientists and computer experts.

——Edmund Burke

9. What is a person who does not know right from wrong? He knows the price of everything in the world, but he knows nothing about its value.

——Oscar Wilde

10. The business of Americans is to run businesses.

——Calvin Coolidge

11. Cost records the attraction of competition.

——Frank Knight, "Risk, Uncertainty, and Profit" (1921)

12. If production costs do not affect supply, they will not Affect competitive prices.

——John Stuart Mill

13. A monopolist, by constantly keeping the market inventory insufficient... to maintain a much higher level than normal prices to sell their products, thereby increasing their remuneration both in terms of wages and profits.

——Adam Smith: "The Wealth of Nations"

14. Risk and knowledge change in opposite directions.

——Irving Fisher, "Theory of Interest" (1930)

15. The market economy is the only natural, reasonable and able to bring prosperity. Because it is the only economy that reflects the essence of life. The essence of life is that it is endless and mysteriously diverse. Therefore, in terms of the perfection and changeability of life, the wisdom of any central figure cannot cover and design it.

——Viclav Havel, "Summer Meditations" (1993)

16. A nation's spiritual outlook, degree of civilization, social structure, and policies All of this and more is documented in its financial history. Those who know how to read the message contained in this history can clearly foresee the thunder that will shake the world here more than anywhere else.

——Joseph Schumpeter (1883-1950)

17. Both theoretical and empirical research have raised the question: To what extent can government regulation Achieve the stated objectives for which regulatory measures are enacted.

——Stephen Dreyer and Paul Macavoy, "Regulation and Deregulation" (1987)

18. Growth for the sake of growth , which is how cancer cells survive.

——Edward Abbey

19. Equality and efficiency (conflict) are the most important social and economic issues that need to be carefully weighed. They play an important role in many social policies. Domain has always troubled us. We cannot produce the pie according to market efficiency and then share it equally.

——Arthur Okun (1975)

20. The benefits of international trade-factors of production are used more efficiently around the world.

——John Stuart Mill

It is best to use official documents to praise a person, and it is best to use a telephone to criticize a person.

——American industrial tycoon Jacques

21. To the National Assembly:

We are engaged in an intolerable competition with foreign opponents. This opponent has very good conditions for producing light and can occupy our market at a very low price. This opponent is none other than the sun. To this end we ask for a law to be passed that closes and blocks all windows, passages and gaps that allow light to pass through, so that it cannot harm our industry that serves the benefit of the country.

——Signature: Candlemaker F. Bastiat

22. Before building a wall, I should ask clearly what is enclosed inside the wall and what remains outside the wall What are they...

——Robert Frost

23. When you can measure what you are talking about and express it in numbers, you are truly You have some understanding of it; but when you cannot measure it and express it in numbers, your understanding is superficial and unsatisfactory. This understanding may be the beginning of cognition, but in terms of thinking, it is difficult to say that it has entered the stage of science.

——Lord Kelvin

24. Dear Brutus, the fault lies not in fate, but in ourselves.

——William Shakespeare, "Julius Caesar" (Julius Caesar)

25. The outstanding problem of the economic society on which we live is that we cannot Providing full employment and an arbitrary and unfair distribution of wealth and income.

——J.M. Keynes, "The General Theory of Employment, Interest and Money" (1936)

27. Historically, money has always troubled people in this way: either there is a lot of it but not too much. Reliable, or reliable but scarce, it must be one of the two.

——J.K. Galbraith, "The Age of Uncertainty" (1977)

28. Industrial Revolution It is a movement with neither beginning nor end, and it is still playing.

——E.J. Hobsbawm, "The Age of Revolution" (1962)

29. I believe in materialism. I believe in everything that healthy materialism brings: delicious food, clean houses, dry shoes and socks, sewing equipment, drainage pipes, hot water supply, bathing toilets, electric lights, cars, good roads, bright neighborhoods, Vacations from the city, novel ideas, fast horses, speculative conversations, theaters, operas, symphonies, pop bands, etc. I believe everyone should enjoy all of this. Those who leave the world without enjoying these things may be as elegant as saints and as rich as poets. However, this is because they are inherently elegant and rich, and it is definitely not because they are deprived. these material comforts.

——Francis Hackett

30. Be kind to people on the way into town, because you may meet them on the way home.

——Wilson Mizner

31. Lenin is said to have asserted that the most effective way to destroy the capitalist system is to destroy its currency. By constantly resorting to inflation, governments can secretly confiscate large portions of their citizens' wealth.

——J.M. Keynes (1883-1946)

32. Trade is the natural enemy of all violent desires. It makes people independent and fully aware of their own importance, guides them to manage their own affairs and teaches them how to succeed. Therefore, what trade encourages people to follow is freedom rather than revolution.

——Tocqueville, "On Democracy in America" ??(1840)

33. The task of stabilizing the economy requires us to control the economy so that it does not deviate from the sustainable development trend. The road to high employment is too long. Too high an employment rate will lead to inflation, while too low an employment rate will mean recession. Flexible and prudent fiscal policy and monetary policy can help us pass through a "narrow channel" between these two roads.

——President John F. Kennedy (1962)

34. Productivity is not everything, but in the long run it means almost everything.

——Paul Krugman (1990)

35. The original sin of capitalism is that blessings are not necessarily enjoyed by everyone; the innateness of socialism The virtue is that when there are difficulties, everyone must bear them together.

——W. Churchill

36. The concepts of economists and political philosophers, whether right or wrong, are far more powerful than most people understand. The world is rarely ruled by other people. The people with practical responsibilities, although they think they are not very influenced by intellectuals, are usually the slaves of some dead economist.

——J.M. Keynes

37. Few things in life have eternal value, and the Nobel Prize is such an example.

——P. Samuelson

38. In his speech at the Great Hall of the People in Beijing on April 27, 1984, President Ronald Reagan said: “Complete the greatest project in the shortest time. What is progressive is not the most well-organized society, nor the society with the richest natural resources, but the people who are allowed to create, compete and build freely; the people are allowed to think freely, make economic decisions freely, and obtain profit rewards from taking risks society. The United States firmly believes that the reward system is an important key; free people establish free markets, which can promote development that benefits everyone."

Speech by President R. Reagan

39. When it comes to economic development, I just want to illustrate and explain the pattern of per capita income levels and growth rates in different countries and at different stages. This definition may be too narrow, but when we think about income patterns we take into account many other aspects of society. So, I think, we should limit economic development to this definition until it leads us to a clearer meaning of economic development.

——R. Lucas (1998)

40. We should never lose sight of the ultimate goal of economic development, which is to put people first and improve their lives. conditions, expanding their options... If there is a strong link between economic growth (measured by per capita income) and human development (reflected in life span, culture or success such as self-esteem, but not easily measured), then The unity between the two is beneficial. But the two expressions are not quite related.

——P. Streeten (1994)

41. The usual way to increase our wealth and treasures is through international trade, where, We must always observe this pattern: in terms of trade volume, the amount of goods we sell to strangers every year is greater than the amount of goods we buy from them.

——Thomas Man, 1664

42. Two men can make shoes and hats. One of them has an advantage over the other in each industry, but , in the production of hats, he can only surpass his competitors by 1/5 or 20%, and in the production of shoes, he beats his competitors by 1/3 or 33%; for the benefit of both parties, why not let this company have the advantage of 1/5 or 20%. What if the advantaged person specializes in producing shoes, while the other disadvantaged person specializes in producing hats?

——David Ricardo, 1817

43. The recent development of international trade research makes it difficult for us to use traditional numerical examples to deal with various issues. Various theoretical issues. Issues related to analysis can be illustrated relatively simply and conveniently by applying the graph of the indifference curve below.

——Wassily W. Leontief, 1933

44. Australia has a surplus supply of agricultural land, but it is sparsely populated. Compared with most other countries, land prices are low, but wages are high; therefore, products that require large amounts of land input and can be produced with less labor input are low in price.

——Bertil Ohllin, 1933

45. In order to facilitate analysis and reasoning, classical theory assumes many conditions as given, but according to In my opinion, if we want to understand the role and causes of international trade, these conditions are the main issues that need to be studied and clarified. Therefore, we should not ignore the importance of these conditions in the analysis of international trade relations.

——John H.Williams, 1929

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