Economics Quotes

History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them.

We deny the existence of two classes, because there are many more than two classes. We deny that human history can be explained in terms of economics. We deny your internationalism. That is a luxury article which only the elevated can practise, because peoples are passionately bound to their native soil.

We have always known that heedless self-interest was bad morals; we know now that it is bad economics.

Imperialism and economics clash as often as honesty and self-interest.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.

The true law of economics is chance, and we learned people arbitrarily seize on a few moments and establish them as laws.

The nuclear approach I'm involved in is called a traveling-wave reactor, which uses waste uranium for fuel. There's a lot of things that have to go right for that dream to come true - many decades of building demo plants, proving the economics are right. But if it does, you could have cheaper energy with no CO2 emissions.