Quotes Categories

Economy And Economics Quotes

Few are sufficiently sensible of the importance of that economy in reading which selects, almost exclusively, the very first order of books. Why, except for some special reason, read an inferior book, at the very time you might be reading one of the highest order?

Author: John W. Foster (1770-1843)

Profession: British Clergyman, Essayist

No nation was ever ruined by trade.

Author: Benjamin Franklin (1706-1790)

Profession: American Scientist, Publisher, Diplomat

In economics the majority is always wrong.

Author: John Kenneth Galbraith (1908)

Profession: American Economist

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

Author: John Kenneth Galbraith (1908)

Profession: American Economist

In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.

Author: John Kenneth Galbraith (1908)

Profession: American Economist

I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes.

Author: Edward Gibbon (1737-1794)

Profession: British Historian

Commerce changes the fate and genius of nations.

Author: Thomas Gray (1716-1771)

Profession: British Poet

No one is rich whose expenditures exceed his means, and no one is poor whose incomings exceed his outgoings.

Author: Thomas C. Haliburton (1796-1865)

Profession: Canadian Jurist, Author

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in , say, physics, mathematics, or medicine -- the special pleading of selfish interests.

Author: Henry Hazlitt


The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.

Author: Ernest Hemingway (1898-1961)

Profession: American Writer

Be thrifty, but not covetous.

Author: George Herbert (1593-1632)

Profession: British Metaphysical Poet

There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics.

Author: John Hicks

Profession: British Economist

How great, my friends, is the virtue of living upon a little!

Author: Horace

Profession: Italian Poet

First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.

Author: Doug Horton


I learned more about the economy from one South Dakota dust storm that I did in all my years of college.

Author: Hubert H. Humphrey (1911-1978)

Profession: American Democratic Politician, Vice President