Economic Theory
Quotes & Thinkers in Economic Theory
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🇺🇸Adam Smith
Economics
Enlightenment
"When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers."
161 quotes
🇦🇹Friedrich Hayek
Philosophy
1899–1992
"Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom."
88 quotes
🇬🇧Ronald Coase
Economics
1910–2013
"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?"
19 quotes
🇬🇧James Mirrlees
Economics
1936–2018
"The income tax is a much less effective tool for reducing inequalities than has often been thought."
4 quotes