Economist Quotes

The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.
The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.
The power to do good is also the power to do harm.
The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.
The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way.
There's no such thing as a free lunch.
Underlying most arguments against the free market is a lack of belief in freedom itself.
Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.
We have a system that increasingly taxes work and subsidizes nonwork.
Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?
Business money is limitless.
But we have created a society that does not allow opportunities for those people to take care of themselves because we have denied them those opportunities.
Here we were talking about economic development, about investing billions of dollars in various programs, and I could see it wasn't billions of dollars people needed right away.
I had no idea that I would ever get involved with something like lending money to poor people, given the circumstances in which I was working in Bangladesh.
I made a list of people who needed just a little bit of money. And when the list was complete, there were 42 names. The total amount of money they needed was $27. I was shocked.
I wanted to give money to people like this woman so that they would be free from the moneylenders to sell their product at the price which the markets gave them - which was much higher than what the trader was giving them.
I was teaching in one of the universities while the country was suffering from a severe famine. People were dying of hunger, and I felt very helpless. As an economist, I had no tool in my tool box to fix that kind of situation.
I went to the bank and proposed that they lend money to the poor people. The bankers almost fell over.
My greatest challenge has been to change the mindset of people. Mindsets play strange tricks on us. We see things the way our minds have instructed our eyes to see.
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