economics Quotes

Private jets cost a lot of money.

Obamacare is, number one and maybe least importantly, it's costing the country a fortune.

I've always been covered by a press that's mostly financial press.

Today we take it for granted that war happens in smaller, poorer and more backward countries.

'Capitalism' is a dirty word for many intellectuals, but there are a number of studies showing that open economies and free trade are negatively correlated with genocide and war.

Commerce, trade and exchange make other people more valuable alive than dead, and mean that people try to anticipate what the other guy needs and wants. It engages the mechanisms of reciprocal altruism, as the evolutionary biologists call it, as opposed to raw dominance.

Roads, better harnesses for horses, time-keeping devices, financial instruments like a currency that was recognized everywhere in the kingdom, enforceable contracts - all of this made commerce more appealing than plunder.

One of the things that people complain about is loneliness, disconnectedness. If you live in a society where your life is rarely threatened and most of your relationships are more on an economic exchange basis, then this could leave people feeling less connected.

However much we might deplore the profit motive, or consumerist values, if everyone just wants i-Pods we would probably be better off than if they wanted class revolution.

Capitalism saved the world, and there is even a heretical theory now, moving up from the level of individuals to countries: countries that trade more and have more open economies are less likely to fight wars and less likely to have genocides.