Quotes by Economists - Page 26

Souvenez-vous toujours que dans la vie, la passion sans vision est une perte d’énergie, et que la vision sans passion est une impasse.
Jo M. Sekimonyo
word is like a sword; you should be wise when to use it or it'll kill and ruin everything you did in your past, you're doing at this time, and you're gonna do in the future
A. Vaidyanathan
Why does a human body become deceased?The reason is that as long as the human body is not free from suffering, mind cannot be happy. If a man lacks enthusiasm, either his body or mind is in a deceased condition.... Now what saps the enthusiasm in man? If there is no enthusiasm, life becomes drudgery - a mere burden to be dragged. Nothing can be achieved if there is no enthusiasm. The main reason for this lack of enthusiasm on the part of a man is that an individual looses the hope of getting an opportunity to elevate himself. Hopelessness leads to lack of enthusiasm. The mind in such cases becomes deceased.... When is enthusiasm created? When one breaths an atmosphere where one is sure of getting the legitimate reward for one's labor, only then one feels enriched by enthusiasm and inspiration.
B.R. Ambedkar
Wisdom, itself, is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.
John Kenneth Galbraith
the only way in which a human being can make some approach to knowing the whole of a subject, is by hearing what can be said about it by persons of every variety of opinion, and studying all modes in which it can be looked at by every character of mind. No wise man ever acquired his wisdom in any mode but this; nor is it in the nature of human intellect to become wise in any other manner.
John Stuart Mill
...for liberty is an acknowledgment of faith in God and His works.
Frédéric Bastiat
Life, faculties, production-in other words, individuality, liberty, property-this is man. And in spite of the cunning of artful political leaders, these three gifts from God precede all human legislation, and are superior to it.
Frédéric Bastiat
I have a hundred times heard him say, that all ages and nations have represented their gods as wicked, in a constantly increasing progression; that mankind have gone on adding trait after trait till they reached the most perfect conception of wickedness which the human mind could devise, and have called this God, and prostrated themselves before it.
John Stuart Mill
The poor themselves can create a poverty-free world. All we have to do is to free them from the chains that we have put around them!
Muhammad Yunus
I see the Christian world like this: we've inherited a divided map of the truth, and each of us has a piece. Our traditions teach us that no one else has a valid map and that our own church's piece shows us all the terrain and roads that exist. In fact, there is much more terrain, more roads, and more truth for us to see if we can accept and read one another's maps, fitting them together to give us a clearer picture of the larger Christian tradition.
Michael Spencer
There are no means of finding what either one person or many can do, but by trying - and no means by which anyone else can discover for them what it is for their happiness to do or leave undone
John Stuart Mill
What we believe about God is the most important truth we believe, and it's the one truth that does the most to shape us. God is the Sun too bright for us to see. Jesus is the Prism who makes the colors beautiful and comprehensible.
Michael Spencer
There are only two ways of telling the complete truth--anonymously and posthumously.
Thomas Sowell
The idea that truth always triumphs over persecution is one of those pleasant falsehoods, which most experience refutes. History is teeming with instances of truth put down by persecution. If not put down forever, it may be set back for centuries.
John Stuart Mill
Politics determines who has the power, not who has the truth.
Paul Krugman
People who pride themselves on their "complexity" and deride others for being "simplistic" should realize that the truth is often not very complicated. What gets complex is evading the truth.
Thomas Sowell
A philosopher operates with deductions. A sophist operates with paradoxes. A "public intellectual" operates with buzzwords.
Jakub Bożydar Wiśniewski
All social inequalities which have ceased to be considered expedient, assume the character not of simple inexpediency, but of injustice, and appear so tyrannical, that people are apt to wonder how they ever could have. been tolerated; forgetful that they themselves perhaps tolerate other inequalities under an equally mistaken notion of expediency, the correction of which would make that which they approve seem quite as monstrous as what they have at last learnt to condemn.
John Stuart Mill
It is a bitter thought, how different a thing the Christianity of the world might have been, if the Christian faith had been adopted as the religion of the empire under the auspices of Marcus Aurelius instead of those of Constantine.
John Stuart Mill
What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention, and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.
Herbert Simon
I believe in spectacles, but I think eyes necessary too.
John Stuart Mill
religion, the most powerful of the elements which have entered into the formation of moral feeling, having almost always been governed either by the ambition of a hierarchy, seeking control over every department of human conduct, or by the spirit of Puritanism.
John Stuart Mill
The only freedom which deserves the name, is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it.
John Stuart Mill
[People] ask themselves, what is suitable for my position? What is usually done by persons of my station and percuniary circumstances? Or (worse still) what is usually done by persons of a station and circumstances superior to mine? I do not mean that they choose what is customary in preference to what suits their own inclinations. It does not occur to them to have any inclination, except for what is customary. Thus the mind itself is bowed to the yoke: even in what people do for pleasure, conformity is the first thing thought of; they like in crowds; they exercise choice only among things that are commonly done: peculiarity of taste, eccentricity of conduct, are shunned equally with crimes: until by dint of not following their own nature they have no nature to follow: their human capacities are withered and starved: they become incapable of any strong wishes or native pleasures, and are generally without either opinions or feelings of home growth, or properly their own.
John Stuart Mill
As individuals express their life, so they are.
Karl Marx
Society can and does execute its own mandates: and if it issues wrong mandates instead of right, or any mandates at all in things with which it ought not to meddle, it practises a social tyranny more formidable than many kinds of political oppression...
John Stuart Mill
Society can and does execute its own mandates: and if it issues wrong mandates instead of right, or any mandates at all in things with it ought not to meddle, it practices a social tyranny more formidable than many kinds of political oppression, since, though not usually upheld by such extreme penalties, it leaves fewer means of escape, penetrating much more deeply into the details of life, and enslaving the soul itself.
John Stuart Mill
The art of music is good, for the reason, among others, that it produces pleasure; but what proof is it possible to give that pleasure is good? If, then, it is asserted that there is a comprehensive formula, including all things which are in themselves good, and that whatever else is good, is not so as an end, but as a mean, the formula may be accepted or rejected, but is not a subject of what is commonly understood by proof.
John Stuart Mill
There are many who consider as an injury to themselves any conduct which they have a distaste for, and resent it as an outrage to their feelings; as a religious bigot, when charged with disregarding the religious feelings of others, has been known to retort that they disregard his feelings, by persisting in their abominable worship or creed. But there is no parity between the feeling of a person for his own opinion, and the feeling of another who is offended at his holding it; no more than between the desire of a thief to take a purse, and the desire of the right owner to keep it. And a person's taste is as much his own peculiar concern as his opinion or his purse. It is easy for any one to imagine an ideal public, which leaves the freedom and choice of individuals in all uncertain matters undisturbed, and only requires them to abstain from modes of conduct which universal experience has condemned. But where has there been seen a public which set any such limit to its censorship? or when does the public trouble itself about universal experience. In its interferences with personal conduct it is seldom thinking of anything but the enormity of acting or feeling differently from itself; and this standard of judgment, thinly disguised, is held up to mankind as the dictate of religion and philosophy, by nine tenths of all moralists and speculative writers. These teach that things are right because they are right; because we feel them to be so. They tell us to search in our own minds and hearts for laws of conduct binding on ourselves and on all others. What can the poor public do but apply these instructions, and make their own personal feelings of good and evil, if they are tolerably unanimous in them, obligatory on all the world?
John Stuart Mill
Moments are the elements of profit
Karl Marx
The will of the people, moreover, practically means the will of the most numerous or the most active part of the people; the majority, or those who succeed in making themselves accepted as the majority; type people, consequently, may desire to oppress a part of their number; and precautions are as much needed against this as against any other abuse of power.
John Stuart Mill
Unfortunately for the good sense of mankind, the fact of their fallibility is far from carrying the weight in their practical judgement, which is always allowed to it in theory; for while every one well knows himself to be fallible, few think it necessary to take any precautions against their own fallibility.
John Stuart Mill
The ideas of the ruling class are in every epoch the ruling ideas, i.e. the class which is the ruling material force of society, is at the same time its ruling intellectual force. The class which has the means of material production at its disposal, has control at the same time over the means of mental production, so that thereby, generally speaking, the ideas of those who lack the means of mental production are subject to it. The ruling ideas are nothing more than the ideal expression of the dominant material relationships, the dominant material relationships grasped as ideas.
Karl Marx
A person whose desires and impulses are his own—are the expression of his own nature, as it has been developed and modified by his own culture—is said to have a character. One whose desires and impulses are not his own, has no character, no more than a steam-engine has character…
John Stuart Mill
Truth gains more even by the errors of one who, with due study and preparation, thinks for himself, than by the true opinions of those who only hold them because they do not suffer themselves to think…
John Stuart Mill
It doesn't matter how smart you are unless you stop and think.
Thomas Sowell
It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.
Murray N. Rothbard
Modern bourgeois society with its relations of production, of exchange, and of property, a society that has conjured up such gigantic means of production and of exchange, is like the sorcerer, who is no longer able to control the powers of the nether world whom he has called up by his spells.
Karl Marx
The creed which accepts as the foundation of morals, Utility, or the Greatest-Happiness Principle, holds that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness. By happiness is intended pleasure, and the absence of pain; by unhappiness, pain, and the privation of pleasure.
John Stuart Mill
In this age, the mere example of non-conformity, the mere refusal to bend the knee to custom, is itself a service. Precisely because the tyranny of opinion is such as to make eccentricity a reproach, it is desirable, in order to break through that tyranny, that people should be eccentric. Eccentricity has always abounded when and where strength of character has abounded; and the amount of eccentricity in a society has generally been proportional to the amount of genius, mental vigor, and moral courage which it contained. That so few now dare to be eccentric, marks the chief danger of the time.
John Stuart Mill
If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.
John Stuart Mill
It is indisputable that the being whose capacities of enjoyment are low, has the greatest chance of having them fully satisfied; and a highly endowed being will always feel that any happiness which he can look for, as the world is constituted, is imperfect. But he can learn to bear its imperfections, if they are at all bearable; and they will not make him envy the being who is indeed unconscious of the imperfections, but only because he feels not at all the good which those imperfections qualify. dissatisfied than a fool satisfied. And if the fool, or the pig, is of a different opinion, it is only because they only know their own side of the question.
John Stuart Mill
The state is that great fiction by which everyone tries to live at the expense of everyone else.
Frédéric Bastiat
Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.
Adam Smith
The long run is a misleading guide to current affairs. In the long run we are all dead.
John Maynard Keynes
...[G]reat progress was evident in the last Congress of the American 'Labour Union' in that among other things, it treated working women with complete equality. While in this respect the English, and still more the gallant French, are burdened with a spirit of narrow-mindedness. Anybody who knows anything of history knows that great social changes are impossible without the feminine ferment. Social progress can be measured exactly by the social position of the fair sex (the ugly ones included).
Karl Marx
The greatest pleasure in life is doing what people say you cannot do.
Walter Bagehot
War is an ugly thing, but not the ugliest of things: the decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth a war, is much worse. When a people are used as mere human instruments for firing cannon or thrusting bayonets, in the service and for the selfish purposes of a master, such war degrades a people. A war to protect other human beings against tyrannical injustice; a war to give victory to their own ideas of right and good, and which is their own war, carried on for an honest purpose by their free choice, — is often the means of their regeneration. A man who has nothing which he is willing to fight for, nothing which he cares more about than he does about his personal safety, is a miserable creature who has no chance of being free, unless made and kept so by the exertions of better men than himself. As long as justice and injustice have not terminated their ever-renewing fight for ascendancy in the affairs of mankind, human beings must be willing, when need is, to do battle for the one against the other.
John Stuart Mill
Go on, get out! Last words are for fools who haven't said enough!
Karl Marx
Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage to move in the opposite direction.
Ernst F. Schumacher
Life is a compromise of what your ego wants to do, what experience tells you to do, and what your nerves let you do.
Walter Bagehot
For those who believe, no proof is necessary. For those who don't believe, no proof is possible.
Stuart Chase
In a higher phase of communist society, after the enslaving subordination of the individual to the division of labor, and therewith also the antithesis between mental and physical labor, has vanished; after labor has become not only a means of life but life's prime want; after the productive forces have also increased with the all-around development of the individual, and all the springs of co-operative wealth flow more abundantly—only then can the narrow horizon of bourgeois right be crossed in its entirety and society inscribe on its banners: From each according to his ability, to each according to his needs!
Karl Marx