Ben Mathew > Quotes

“The laws you see today are a direct consequence of economic illiteracy in the general population. If every voter learned economics tonight, the laws would change tomorrow.”
― Ben Mathew, Economics: The Remarkable Story of How the Economy Works

“It’s important to keep in mind that in economics, the value of something to a person refers solely to the amount of other things that the person is willing and able to give up for it—nothing more.”
― Ben Mathew, Economics: The Remarkable Story of How the Economy Works

“The free market system works by channeling our deep-seated selfishness into socially useful actions. The”
― Ben Mathew, Economics: The Remarkable Story of How the Economy Works

“The free market system works by channeling our deep-seated selfishness into socially useful actions. The rules of the game prevent selfishness from being expressed as theft and murder and injury to others. We cannot just grab what we want from others because the rules protect every person’s right to their own life, liberty, and property.”
― Ben Mathew, Economics: The Remarkable Story of How the Economy Works

“Competition is a tough weed, not a delicate flower.”
― Ben Mathew, Economics: The Remarkable Story of How the Economy Works

“The free market system works by channeling our deep-seated selfishness into socially useful actions.”
― Ben Mathew, Economics: The Remarkable Story of How the Economy Works

“produce using the lowest-cost resources, give to the highest-value consumers, and stop when cost overtakes”
― Ben Mathew, Economics: The Remarkable Story of How the Economy Works

“How can we get our economies to work better? There are two things we need. First, the rule of law. Nobody is going to plant cabbages if roving bands of thugs or corrupt policemen are going to take their cabbages away at harvest time. Second, we need good laws. Nobody is going to plant cabbages if the law requires them to dump their harvest in the swamp or give it all to the taxman.”
― Ben Mathew, Economics: The Remarkable Story of How the Economy Works

“Your credit card debt is probably small potatoes compared to what you owe on your government debt.”
― Ben Mathew, Economics: The Remarkable Story of How the Economy Works

“There are two ways to get rid of your competition: kill them, or join them.”
― Ben Mathew, Economics: The Remarkable Story of How the Economy Works