Economist Quotes

The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs.
The confounding Political Economy with the Sciences and Arts to which it is subservient, has been one of the principal obstacles to its improvement.
The first, or theoretic branch, that which explains the nature, production, and distribution of wealth, will be found to rest on a very few general propositions, which are the result of observation, or consciousness.
The payment made by a manufacturer to a patentee for the privilege of using the patent process, is usually termed, in commercial language, a rent; and under the same head must be ranked all extraordinary qualities of body and mind.
The time I trust will come, perhaps within the lives of some of us, when the outline of this science will be clearly made out and generally recognised, when its nomenclature will be fixed, and its principles form a part of elementary instruction.
Value denotes a relation reciprocally existing between two objects, and the precise relation which it denotes is the quantity of the one which can be obtained in exchange for a given quantity of the other.
We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy.
With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue.
I think it's important that people think about what they are doing and that includes what they are eating. I am 61 now and attitudes towards drinking and driving have changed radically since I was a student. People change their notion of what is responsible. They will increasingly ask about the carbon content of their food.
Meat is a wasteful use of water and creates a lot of greenhouse gases. It puts enormous pressure on the world's resources. A vegetarian diet is better.
And in the last sentence I would like also to mention that Poland is one of the countries with which the United States has run strategic dialogues since last year.
As far as the international issues are concerned, the most important thing is the state of the transatlantic relationships, Euro-Atlantic relationships: how to develop them and how to strengthen them further.
No matter who becomes chancellor, Poland and Germany will remain neighbours, strategic partners, not only within the European Union, but also world partners, and I don't believe anything could change in our relations.
The Holocaust committed by the Nazis turned this country, where most of the European Jews used to live and where their culture used to flourish, into a massive grave. This is why initiatives to revive Jewish culture in Poland is so important.
We take our international responsibilities very seriously and will not withdraw our troops from Iraq... Otherwise, the victims of terror in Madrid will have died in vain.
Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success.
The triumph of persuasion over force is the sign of a civilized society.
We shall never change our political leaders until we change the people who elect them.
Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.
Yes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011.
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