Capable Quote by Paul Ormerod

Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth.

— Julian Simon

Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does…

— Julian Simon

“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are…

— Karl Marx

“Some people argue that economics is an exception to this general story. Economics, they say, provides a much more analytically precise and tightly integrated…

— Thomas Homer-Dixon

“Neoclassical economics is precisely the theory one would expect a vastly complex system of international corporations, world markets, and interconnected currencies to create to…

— Roger M. Keesing

We need an economics fit for purpose in a finite and entropic world.

— Herman E. Daly

Modern economic thinking...is peculiarly unable to consider the long term and to appreciate man's dependence on the natural world.

— E. F. Schumacher

Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human…

— Ludwig von Mises

The world economy diffuses rather than concentrates wealth.

— Robert Gilpin

Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.

— Edward C. Prescott

The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood.…

— John Maynard Keynes

Economics runs the world.

— Machine Gun Kelly