#economics

It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. ↗

— Murray N. Rothbard

#science

We have always known that heedless self interest was bad morals, we now know that it is bad economics. ↗

— Franklin D. Roosevelt

#greed #greed

[I]n communism, you'd threaten a dog into compliance, while in capitalism, obedience is obtained through bribes. ↗

— Adam Johnson

#capitalism #communism #economics #north-korea #obedience

We would, however, perform an injustice to the bourgeois women's rights movement if we would regard it as solely motivated by economics. No, this movement also contains a more profound spiritual and moral aspect. ↗

— Clara Zetkin

#aspect #bourgeois #contains #economics #however

A guidance counselor who has made a fetish of security, or who has unwittingly surrendered his thinking to economic determinism, may steer a youth away from his dream of becoming a poet, an artist, a musician or any other of thousands of things, because it offers no security, it does not pay well, there are no vacancies, it has no "future". ↗

— Henry M. Wriston

#dreams #economics #education #jobs #occupations

The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road. ↗

— James Thurber

#depend #economics #farce #funnier #his

At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory. ↗

— James Tobin

#elaborate #foundations #logic #monetary #more

In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else. ↗

— Malcolm Turnbull

#concepts #cost #economics #else #idea

I've always been interested in the economics of reproduction, who gets what they want when it comes to childbearing and how these days, money is a tremendous advantage. ↗

— Jennifer Weiner

#always #been #comes #days #economics

NAUGHTY AND NICE? said Death. BUT IT'S EASY TO BE NICE IF YOU'RE RICH. IS THIS FAIR? Albert wanted to argue. He wanted to say, Really? In that case, how come so many of the rich buggers is bastards? And being poor don't mean being naughty, neither. ↗

— Terry Pratchett

#economics #money #morality #society #death