Add Quote by Thomas Sowell

What we are beginning to witness is a whole new set of rules for economics, based on rationing resources.

— John Prescott

Economics is not an attempt to generalize human desires or human behavior; but to generalize the phenomena of price.

— Michael Joseph Oakeshott

The reality is that we are all economists. We all deal with scarcity as we make choices and calculate how to ration various items…

— Kurt Bills

Markets are the best way to allocate resources.

— George W. Bush

I think markets are mechanisms that determine prices that are necessary for mass heterogenous populations, and markets do generate levels of technological innovation and…

— Cornel West

Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that…

— Julian Simon

Economics is the study of how society manages its scarce resources.

— Greg Mankiw

“That said, however, we did notice one particularly provocative form of economic insight that every good-to-great company attained, the notion of a single “economic…

— James C. Collins

Markets are, in many settings, self-organizing and 'efficient' in terms of maximizing the welfare of both buyers and sellers.

— David Autor

My fundamental tenets are concerned with freedom of the individual; the market isn't perfect, but it's the best available way of allocating resources.

— Niall Ferguson

So we don't need more top-down economics. We've tried that theory. We've seen what happens. We can't afford to go back to it.

— Barack Obama

Economics becomes redundant if it can rationalise an exchange that sells the future of humankind.

— Andrew Simms