Quotes on Economics

The time has come to link ecology to economic and human development. When you have seen one ant, one bird, one tree, you have not seen them all. What is happening to the rain forests of Madagascar and Brazil will affect us all.

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.

Our necessities are few, but our wants are endless.

A lasting order cannot be established by bayonets.

Economically considered, war and revolution are always bad business.

For it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.

The issue is always the same: the government or the market. There is no third solution.

Including everyone in the economic, wealth-creating life of the nation is today the best way for Labor (Australian Labor Party) to meet its twin goals of raising national prosperity and creating a fair and decent society.

No government can love a child, and no policy can substitute for a family's care. But at the same time, government can either support or undermine families as they cope with moral, social and economic stresses of caring for children.

You can buy a person's hands but you can't buy his heart. His heart is where his enthusiasm, his loyalty is.

You don't have to get a job that makes others feel comfortable about what they perceive as your success. You don't have to explain what your plan to do with your life. You don't have to justify your education by demonstrating its financial rewards. You don't have to maintain an impeccable credit score. Anyone who expects you to do any of those things has no sense of history of economics or science or the arts.

It is a popular delusion that the government wastes vast amounts of money through inefficiency and sloth. Enormous effort and elaborate planning are required to waste this much money.

Economic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness of self-reliance.

The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

Society doesn't have values. People have values.

People need to be reminded more often than they need to be instructed.

The conventional view serves to protect us from the painful job of thinking.

Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

It is better to create than to learn! Creating is the essence of life.