Best Economics Proverbs

1329 Economics quotes by 729 unique authors

A diversity of approaches is necessary if there is to be a good chance of hitting on one that works. Progress is a social undertaking… — Richard Posner
I am convinced that both markets and free trade are good, but the traditional answer that we give to students to explain why they are… — Paul Romer
Some individuals are better able than others to draw the right conclusions about the world about them and act accordingly. These individuals will be more… — Stephen Hawking
Competition is like experimentation in science, a discovery process, and it must rely on the self interest of producers, it must allow them to use… — Friedrich August von Hayek
There was never anything so well devised by men which in continuance of time hath not been corrupted — Thomas Cranmer
The idea that human kind can shape the world according to wish is what I call the fatal conceit — Friedrich August von Hayek
There can be no autonomous agent with unitary interests called 'society' that exerts causal influence. This is a logical impossibility — David Buss
There is no such thing as society, there is a living tapestry of men and women and the beauty of that tapestry, and the quality… — Margaret Thatcher
The problem with the old ideology was that it suppressed the individual by starting with society. But it is from a sense of individual duty… — Tony Blair
The socialism of centralised state control of industry and production, is dead. It misunderstood the nature and development of a modern market economy. It failed… — Tony Blair
The vision of personalised public services - meeting the individual needs of all our citizens - requires continuing reform in the way services are delivered — Gordon Brown
The understanding which has driven New Labour's reform is to put the individual citizen - the patient, the parent, the pupil, the law abiding citizen… — Tony Blair
For Rousseau and Mandeville the absence of a moral instinct meant the laws of society had no moral validity, they were nothing but the inventions… — Gertrude Himmelfarb
It is the habit of the unthinking to turn to the illusions of economic magic. These unhappy times call for the building of plans that… — Franklin D. Roosevelt
Evolution works by selection, not by instruction. There is no final cause, no teleology, no purpose guiding the overall process — Gerald Edelman
Many people mistakenly suppose that the essence of consciousness is that of a control mechanism — John Searle
Darwin's greatest achievement was to show that the appearance of purpose, planning, teleology (design), and intentionality in the origin and development of human and animal… — John Searle
Given the complexity of interpersonal relationships and institutions and the complexity of co-ordination of the actions of many people, it is enormously unlikely that, even… — Robert Nozick
It is almost as if the human brain were specifically designed to misunderstand Darwinism, and to find it hard to believe — Richard Dawkins
The central problem of management is how spontaneous interaction of people within a firm, each possessing only bits of knowledge, can bring about the competitive… — Friedrich August von Hayek
The MD is well aware that the forecasts are no good but he needs them for planning purposes ... — Kenneth Arrow
If something cannot go on for ever, it will stop — Herbert Stein
The replicators that exist tend to be the ones that are good at manipulating the world to their own advantage. But other replicators are also… — Richard Dawkins
Economic activity is carried out by individuals in organisations that require a high degree of social co-operation — Francis Fukuyama
Men who cannot exploit the co-operative benefits derived from institutions in modern knowledge economies are discriminated against by girls and so have fewer children — Unknown Author

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