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Quotes & Thinkers in Economist

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"I have just noticed in the 2nd edition of The Times that the Prussian Second Chamber has finally done something worthwhile. We shall soon have revolution."

"The conclusion [of the essay 'Of the Protestant Succession'] shows me a Whig, but a very sceptical one."

"If I had loved any one sufficiently to make confiding my griefs a necessity, I should not have been in the condition."

"The source of every Crime, is some defect of the Understanding; or some error in Reasoning; or some sudden force of the Passions."

"When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers."

"To tell the truth, to arrive together at the truth, is a communist and revolutionary act."

"With four parameters I can fit an elephant, and with five I can make him wiggle his trunk."

"Politics means a strong slow drilling of hard boards, with passion and judgment at the same time."

"To hope means to be ready at every moment for that which is not yet born, and yet not become desperate if there is no birth in our lifetime."

"In the modern industrial communities... the apparatus of living has grown so elaborate and cumbrous... that the consumers of these things cannot make way with them in the required manner without help."

"Educated men — "civilized," as Fourier used to say with disdain — tremble at the idea that society might some day be without judges, police, or gaolers."

"Historically, the errors committed by a truly revolutionary movement are infinitely more fruitful than the infallibility of the cleverest Central Committee."

"The art of letters will come to an end before A.D. 2000. I shall survive as a curiosity."

"Freedom granted only when it is known beforehand that its effects will be beneficial is not freedom."

"No less importantly, intellectual probing is needed to identify deeds that are not intended to be injurious, but which have that effect..."

"There have always been poor and working classes; and the working class have mostly been poor. But there have not always been workers and poor people living under conditions as they are today."

"The various segments of the system of profound knowledge proposed here cannot be separated. They interact with each other. Thus, knowledge of psychology is incomplete without knowledge of variation."

"It is what we think we know that keeps us from learning."

"Demand and supply are the opposite extremes of the beam, whence depend the scales of dearness and cheapness; the price is the point of equilibrium, where the momentum of the one ceases, and that of the other begins."

"Sometimes economists in official positions give bad advice; sometimes they give very, very bad advice; and sometimes they work at the OECD."

"'Body of Copernicus' identified – BBC article including image of Copernicus using facial reconstruction based on located skull"

"their actors choose a course of action depending on what their competitors do."

"A bottom line principle of business—and life—is, to do what is right, even when no one else is looking. Likewise, we ought to do the right thing even if others around us seem to be backwards."

54 quotes

William Stanley Jevons

Economics

1835–1882

"In this work I have attempted to treat economy as a calculus of pleasure and pain, and have sketched out,almost irrespective of previous opinions, the form which the science,as it seems to me, must ultimately take."

"The Society of Tomorrow by Molinari, published electronically by The Library of Economics and Liberty with annotations, biography, etc."

"I am delighted to hear the popularity of Odori Maharaja among young people here. Our children were delighted to see Odori Asimo - the dancing robot!"

"allows democratic control and can punish abuses of power. Only federalism can guarantee respect for national character and regional variety. ... The springtime of Europe is still before us."

"No one can remove Turkey from the Mediterranean. We aren't giving up a single stone of our 780,000 square kilometers of land and we'll never give up a single drop of our 460,000 square kilometers of Blue Homeland."

1 quotes

🇮🇳Nanabhoy Palkhivala

Economics

1920–2002

"India is like a donkey carrying a sack of gold. The donkey does not know what it is carrying but is content to go along with its load on the back."

"I still think Keynesian economics is extremely important, and if anybody didn’t think so, this crisis should have made them rethink."

"In the old days, they put idiots in the village stocks. Now we put them on the Today programme."

"The foundation of democracy is the sense of spiritual independence which nerves the individual to stand alone against the powers of this world."

"I'm surprised that in the era when we are talking about cryptocurrency and blockchain and self driving cars, we're still talking about equality between men and women."

"Long before we run out of oil, coal and gas, we will have to stop extracting them from the ground and burning them, if dangerous climate change is to be averted."

"Apologists for the profession contend that lawyers are as honest as other men, but this is not very encouraging."

"Negotiations can resolve differences, cooperation can replace confrontation and development can create a win-win scenario."

"By ignoring and evading rather than altogether abolishing obsolete rules and regulations, eighteenth century Britain moved slowly toward a free market society."

12 quotes