Economic Quote by Milton Friedman

At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum game, in which what is gained…

— Thomas Sowell

Economics is haunted by more fallacies than any other study known to man

— Henry Hazlitt

Some of the most serious fallacies of traditional economics have been due to confusion between optimum and equilibrium conditions; the apparent influence of Dr.…

— Sir John Richard Hicks

The popular notion that an increase in the stock of money is socially and economically beneficial and desirable is one of the great fallacies…

— Hans F. Sennholz

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would…

— Henry Hazlitt

“The idea that people could get along fine with just markets, and no government, turned out to rest upon a version of what economists…

— Joseph Heath

“Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would…

— Henry Hazlitt

The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.

— Jim Rogers

Ignorance, as well as disapproval for the natural restraints placed on market excesses that capitalism and sound markets impose, cause our present leaders to…

— Ron Paul

It's a fundamental misunderstanding of human nature and of the concepts of liberty, freedom, and self-determination. It's a fundamental misunderstanding of economics. He (Obama)…

— Paul Ryan

The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take…

— Milton Friedman

“Economics is more than just a way to see patterns or to unravel puzzling anomalies. Its fundamental concern is with the material standard of…

— Thomas Sowell