The world has also learned that economic growth, by itself, cannot close the gap between rich and poor.
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Economics and Finance
I believe myself to be writing a book on economic theory which will largely revolutionize, not, I suppose, at once but in the course of the next ten years, the way the world thinks about economic problems.
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in Quotes & Aphorisms (Economics and Finance)
If you keep your eye on the profit, you're going to skimp on the product. But if you focus on making really great products, then the profits will follow.
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Thus public works even of doubtful utility may pay for themselves over and over again at a time of severe unemployment, if only from the diminished cost of relief expenditure.
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in Quotes & Aphorisms (Economics and Finance)
The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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in Quotes & Aphorisms (Economics and Finance)
That's true, particularly with the price of gas.
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in Quotes & Aphorisms (Economics and Finance)
The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.
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Against economic tyranny such as this, the American citizen could appeal only to the organized power of government. The collapse of 1929 showed up the despotism for what it was. The election of 1932 was the people's mandate to end it. Under that mandate it is being ended.
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in Quotes & Aphorisms (Economics and Finance)
North Korea desperately needed the foreign currency which this lethal trade could bring; its role as chief 'rogue' reinforced its prestige among anti-Western states, near and far; and it could also hope at the right moment to extort new instalments of Danegeld from America and her allies.
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in Quotes & Aphorisms (Economics and Finance)
Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.
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