Capitalism is the exploitation of man by man; Communism is the exact opposite.
A satirical definition that, according to Steven Pinker, was "the common definition [in the Soviet Union] of the two Cold War ideologies".
To balance Fortune by a just expense, Join with Economy, Magnificence.Alexander Pope
A few weeks ago I had a revelation and told my secretary that I could give him a synthesis of forty-six years of living with economic policy. It is: 'Economic policy is random with respect to the performance of the American economy, but, thank God, there isn't much of it.'Herbert Stein
Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.paul ormerod
Should any political party attempt to abolish social security unemployment insurance and eliminate labor laws and farm programs you would not hear of that party again in our political history. There is a tiny splinter group of course that believes you can do these things. Among them are a few other Texas oil millionaires and an occasional politician or business man from other areas. Their number is negligible and they are stupid.dwight Eisenhower
About the time we can make the ends meet, somebody moves the ends.herbert hoover
A great civilization is not conquered from without until it has destroyed itself within. The essential causes of Rome’s decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars.will durant
Economics is on the side of humanity now.
95% of Economics is common sense deliberately made complicated.
If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, "what would I do if I were a horse?"
Capitalism is the exploitation of man by man. Yes? Well socialism is exactly the reverse.len deighton
Economists are tellers of stories and makers of poems.
It is no coincidence that the novel and economics science were born at the same time.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy.
The only function of economic forecasting is to make astrology look respectable.
Emas non quod non opus est, sed quod necesse est. Quod non opus est, asse carum est.
Cut my cote after my cloth.
Give not Saint Peter so much, to leave Saint Paul nothing.George Herbert
By robbing Peter he paid Paul, he kept the moon from the wolves, and was ready to catch larks if ever the heavens should fall.
Going to college and finding a good job no longer guarantees economic safety.Elizabeth warren
Rising student-loan debt is an economic emergency.Elizabeth warren
We need to abandon the economist's notion of the economy as a machine, with its attendant concept of equilibrium. A more helpful way of thinking about the economy is to imagine it as a living organism.paul ormerod