--- title: "Meaning & Key Takeaway of: Economics is on the side of humanity now." description: "\"Economics is on the side of humanity now.\" — Isaac Asimov" image: "https://sms4smile.com/quotes/i/ce7/isaac-asimov-309_economics_economics-is-on-the-side-of-humanity-now_77958.jpg" --- # Economics is on the side of humanity now. ![“Economics is on the side of humanity now.” quote by Isaac Asimov](https://sms4smile.com/quotes/i/ce7/isaac-asimov-309_economics_economics-is-on-the-side-of-humanity-now_77958.jpg) [Download](https://sms4smile.com/quotes/i/ce7/isaac-asimov-309_economics_economics-is-on-the-side-of-humanity-now_77958.jpg) [Open image](https://sms4smile.com/quotes/i/ce7/isaac-asimov-309_economics_economics-is-on-the-side-of-humanity-now_77958.jpg) > “Economics is on the side of humanity now.” [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The statement suggests that economic theory and policy are increasingly aligned with human welfare and ethical considerations, rather than purely profit-driven motives. **In simple terms:** Economics now serves humanity. Key Takeaway Economics can be humane. Themes ethics economics human welfare policy social justice Mood hopeful optimistic Type statement observation When to use this quote - policy making - corporate strategy - social entrepreneurship - public advocacy Key Concepts alignment human-centered design Practical Applications - designing inclusive economic models - evaluating policy impacts Questions to Reflect On - How can we ensure economic decisions prioritize people? - What metrics best capture human welfare in economics? ★ ★ ★ ★ ★ No ratings yet [Economics](https://sms4smile.com/quotes/about/economics/) [Humanity](https://sms4smile.com/quotes/about/humanity/) ## Related quotes > [“Surely, if we take on thinking partners––or, at the least, thinking servants––in the form of machines, we will be more comfortable with them, and…](https://sms4smile.com/quotes/isaac-asimov/surely-if-we-take-on-thinking-partners-or-at-the-least-thinking/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant…](https://sms4smile.com/quotes/john-kenneth-galbraith/mr-david-stockman-has-said-that-supply-side-economics-was-merely-a/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [The essential point here is that all people with small, insecure incomes are in the same boat and ought to be fighting on the…](https://sms4smile.com/quotes/george-orwell/the-essential-point-here-is-that-all-people-with-small-insecure/) [George Orwell](https://sms4smile.com/quotes/author/george-orwell/) > [Capitalism is not the system of the past; it is the system of the future -- if mankind is to have a future](https://sms4smile.com/quotes/ayn-rand/capitalism-is-not-the-system-of-the-past-it-is-the-system-of-the/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [In the humanities and social sciences, and in fields like journalism and economics and so on, people have to be trained to be managers,…](https://sms4smile.com/quotes/noam-chomsky/in-the-humanities-and-social-sciences-and-in-fields-like-journalism/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [If anything, technology has brought out the darker and more sinister side of humanity.](https://sms4smile.com/quotes/klayton/if-anything-technology-has-brought-out-the-darker-and-more-sinister/) [Klayton](https://sms4smile.com/quotes/author/klayton/) > [Having an economy that works for the 99% is achievable.](https://sms4smile.com/quotes/winnie-byanyima/having-an-economy-that-works-for-the-99-is-achievable/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) > [Politics is about power. It is about the power of the state. 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Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) > [Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.](https://sms4smile.com/quotes/mark-zandi/our-biggest-challenge-is-to-eliminate-the-popular-perception-that/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.](https://sms4smile.com/quotes/rupert-murdoch/don-t-let-s-lose-sight-of-what-creates-wealth-it-is-open-markets-it/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) ## More by Isaac Asimov > [The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that…](https://sms4smile.com/quotes/isaac-asimov/the-strain-of-anti-intellectualism-has-been-a-constant-thread-winding/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [Suppose that we are wise enough to learn and know-and yet not wise enough to control our learning and knowledge, so that we use…](https://sms4smile.com/quotes/isaac-asimov/suppose-that-we-are-wise-enough-to-learn-and-know-and-yet-not-wise/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [Uncertainty that comes from knowledge (knowing what you don't know) is different from uncertainty coming from ignorance.](https://sms4smile.com/quotes/isaac-asimov/uncertainty-that-comes-from-knowledge-knowing-what-you-don-t-know-is/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [“Don't you see? It's Galaxy-wide. It's a worship of the past. It's a deterioration - a stagnation!”](https://sms4smile.com/quotes/isaac-asimov/don-t-you-see-it-s-galaxy-wide-it-s-a-worship-of-the-past-it-s-a/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [So the universe is not quite as you thought it was. You'd better rearrange your beliefs, then. Because you certainly can't rearrange the universe.](https://sms4smile.com/quotes/isaac-asimov/so-the-universe-is-not-quite-as-you-thought-it-was-you-d-better/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [It is in meeting the great tests that mankind can most successfully rise to great heights. Out of danger and restless insecurity comes the…](https://sms4smile.com/quotes/isaac-asimov/it-is-in-meeting-the-great-tests-that-mankind-can-most-successfully/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [“It might seem to you, Peter, that a truck driver, one step above an ape in your view, can't remember. But truck drivers can…](https://sms4smile.com/quotes/isaac-asimov/it-might-seem-to-you-peter-that-a-truck-driver-one-step-above-an-ape/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [When life is so harsh that a man loses all hope in himself, then he raises his eyes to a shining rock, worshipping it,…](https://sms4smile.com/quotes/isaac-asimov/when-life-is-so-harsh-that-a-man-loses-all-hope-in-himself-then-he/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [“You are a military man and should know better. If there is one science into which man has probed continuously and successfully, it is…](https://sms4smile.com/quotes/isaac-asimov/you-are-a-military-man-and-should-know-better-if-there-is-one-science/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [“temperatura constante de mais ou menos 21 graus”](https://sms4smile.com/quotes/isaac-asimov/temperatura-constante-de-mais-ou-menos-21-graus/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [“Human beings can tolerate an immortal robot, for it doesn't matter how long a machine lasts, but they cannot tolerate an immortal human being…](https://sms4smile.com/quotes/isaac-asimov/human-beings-can-tolerate-an-immortal-robot-for-it-doesn-t-matter-how/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [“if people believe this, they would act on that belief. Many a prophecy, by the mere force of its being believed, is transmuted”](https://sms4smile.com/quotes/isaac-asimov/if-people-believe-this-they-would-act-on-that-belief-many-a-prophecy/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [I do not use airplanes. They strike me as unsporting. You can have an automobile accident-and survive. You can be on a sinking ship-and…](https://sms4smile.com/quotes/isaac-asimov/i-do-not-use-airplanes-they-strike-me-as-unsporting-you-can-have-an/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [There are many aspects of the universe that still cannot be explained satisfactorily by science; but ignorance implies only ignorance that may someday be…](https://sms4smile.com/quotes/isaac-asimov/there-are-many-aspects-of-the-universe-that-still-cannot-be-explained/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) > [A robot must obey the orders given it by human beings except where such orders would conflict with the First Law. \[The Second Law…](https://sms4smile.com/quotes/isaac-asimov/a-robot-must-obey-the-orders-given-it-by-human-beings-except-where/) [Isaac Asimov](https://sms4smile.com/quotes/author/isaac-asimov/) [Explore all 671 Isaac Asimov quotes ](https://sms4smile.com/quotes/author/isaac-asimov/) ## More Economics quotes > [Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.](https://sms4smile.com/quotes/rupert-murdoch/don-t-let-s-lose-sight-of-what-creates-wealth-it-is-open-markets-it/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) > [Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.](https://sms4smile.com/quotes/mark-zandi/our-biggest-challenge-is-to-eliminate-the-popular-perception-that/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) > [Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned…](https://sms4smile.com/quotes/charles-boustany/our-engagement-through-international-economics-trade-these-trade/) [Charles Boustany](https://sms4smile.com/quotes/author/charles-boustany/) > [“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the…](https://sms4smile.com/quotes/yaakov-malkin/the-free-market-economy-and-globalisation-process-have-brought-about/) Yaakov Malkin > [“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality…](https://sms4smile.com/quotes/pierre-bourdieu/everything-economic-science-posits-as-given-that-is-the-range-of/) [Pierre Bourdieu](https://sms4smile.com/quotes/author/pierre-bourdieu/) > [Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…](https://sms4smile.com/quotes/kevin-rudd/politics-is-about-power-it-is-about-the-power-of-the-state-it-is/) [Kevin Rudd](https://sms4smile.com/quotes/author/kevin-rudd/) > [Having an economy that works for the 99% is achievable.](https://sms4smile.com/quotes/winnie-byanyima/having-an-economy-that-works-for-the-99-is-achievable/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) > [“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,…](https://sms4smile.com/quotes/michael-c-mankins/a-select-group-of-high-performing-companies-have-managed-to-close-the/) [Michael C. Mankins](https://sms4smile.com/quotes/author/michael-c-mankins/) > [The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-system-of-private-property-is-the-most-important-guaranty-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Economists think about what people ought to do. Psychologists watch what they actually do.](https://sms4smile.com/quotes/daniel-kahneman/economists-think-about-what-people-ought-to-do-psychologists-watch/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.](https://sms4smile.com/quotes/frederic-bastiat/the-politician-attempts-to-remedy-the-evil-by-increasing-the-very/) [Frederic Bastiat](https://sms4smile.com/quotes/author/frederic-bastiat/) > [“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are…](https://sms4smile.com/quotes/karl-marx/economists-have-a-singular-method-of-procedure-there-are-only-two/) [Karl Marx](https://sms4smile.com/quotes/author/karl-marx/) > [As the variable capital always stays in the hands of the capitalist in some form or other, it cannot be claimed in any way…](https://sms4smile.com/quotes/karl-marx/as-the-variable-capital-always-stays-in-the-hands-of-the-capitalist/) [Karl Marx](https://sms4smile.com/quotes/author/karl-marx/) [Browse all 7,788 Economics quotes ](https://sms4smile.com/quotes/about/economics/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Economics is on the side of humanity now.", "creator": { "@type": "Person", "name": "Isaac Asimov" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/isaac-asimov/economics-is-on-the-side-of-humanity-now/", "about": { "@type": "Thing", "name": "Economics" }, "@id": "https://sms4smile.com/quotes/isaac-asimov/economics-is-on-the-side-of-humanity-now/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ce7/isaac-asimov-309_economics_economics-is-on-the-side-of-humanity-now_77958.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ce7/isaac-asimov-309_economics_economics-is-on-the-side-of-humanity-now_77958.jpg", "url": "https://sms4smile.com/quotes/i/ce7/isaac-asimov-309_economics_economics-is-on-the-side-of-humanity-now_77958.jpg", "width": 1080, "height": 1080, "caption": "“Economics is on the side of humanity now.” — Isaac Asimov", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Isaac Asimov", "item": "https://sms4smile.com/quotes/author/isaac-asimov/" }, { "@type": "ListItem", "position": 4, "name": "Economics is on the side of...", "item": "https://sms4smile.com/quotes/isaac-asimov/economics-is-on-the-side-of-humanity-now/" } ], "@id": "https://sms4smile.com/quotes/isaac-asimov/economics-is-on-the-side-of-humanity-now/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```