Economic Quotes

“In the long run managements stressing accounting appearance over economic substance usually achieve little of either.”
― Warren Buffett

“For most Americans, economic growth is a spectator sport.”
― Paul Krugman

“You were probably educated in the conventional economic theories of your period which were magnificent and most ingenious, but--if you will pardon my saying so--all wrong.”
― Robert A. Heinlein, For Us, the Living: A Comedy of Customs

“He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less that the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state's means of exchange.”
― Robert A. Heinlein, For Us, the Living: A Comedy of Customs

“Priceless is economic illusion.
Costless is an economical trick.”
― Toba Beta, Master of Stupidity

“Google hit such a degree of control in their operation of YouTube that they can tweak the algorithms just right to recommend very peculiar kinds of videos to suit economic and social changes.”
― stained hanes, 94,000 Wasps in a Trench Coat

“If you make the mistake of allowing your oppressor to make the rule then you've risked victory”
― Seun Ayilara

“Since smaller nations are exposed to exogenous forces, they have greater incentive to experiment and innovate. Since they are better able to intermediate a political consensus the pathway from knowing to doing is more expedient.”
― R. James Breiding, Too Small to Fail: Why Small Nations Outperform Larger Ones and How They Are Reshaping the World

“At the same time, we face unprecedented problems such as pandemics, global warming, aging populations and information distortion caused by social media. These are common problems and thus require shared solutions.”
― R. James Breiding, Too Small to Fail: Why Small Nations Outperform Larger Ones and How They Are Reshaping the World

“New, experimental forms of multilateral organisations are required to come up with novel solutions. Traditional institutions driven by large nations are hamstrung due to: difficulties at home, heavy emphasis on self interest, unwieldy size and sclerotic bureaucracy.”
― R. James Breiding, Too Small to Fail: Why Small Nations Outperform Larger Ones and How They Are Reshaping the World

“Success in smaller nations tend to be hidden because they lie off piste from the traditional corridor of information traffic stretching from Los Angeles, New York, London, Berlin, Shanghai and Tokyo.”
― R. James Breiding, Too Small to Fail: Why Small Nations Outperform Larger Ones and How They Are Reshaping the World

“Gaining sway over the world’s treasures is no longer a matter of giant armies and navies but of winning trade battles and global contests for professional talent.”
― R. James Breiding, Too Small to Fail: Why Small Nations Outperform Larger Ones and How They Are Reshaping the World

“It is important that Children grow up embracing meritocracy and egalitarianism, not privilege and elitism. That they learn at an early age to place more value on the community than the individual, on collaboration rather than rivalry and on social norms rather than regulation.”
― R. James Breiding, Too Small to Fail: Why Small Nations Outperform Larger Ones and How They Are Reshaping the World

“Education experts emphasise the importance of PISA scores; of reading and mathematics. It is also important how a nation educates its children to become good citizens. There is no measure for this, despite its immense value to a well-functioning democracy.

For centuries great thinkers such as David Hume and Adam Smith have argued that greed and self-interest drive economic progress. But new evidence show that citizens of smaller nations place less value on money for its own sake than their counterparts in larger nations.”
― R. James Breiding, Too Small to Fail: Why Small Nations Outperform Larger Ones and How They Are Reshaping the World

“Blackrock, the world’s largest manager and custodian of Index ETFs, is now the most important owner of multinational companies. Bizarrely, our capital market system, based on wide ownership of joint stock companies, has evolved to confer ownership on a group of fund managers with no intention, incentive or mandate to act in a responsible manner.”
― R. James Breiding, Too Small to Fail: Why Small Nations Outperform Larger Ones and How They Are Reshaping the World

“To reform the most important aspects of the social contract such as education, health care, environment and pensions, requires boldness and steadfastness. It takes a generation to determine whether reforms have been successful so government policy must hold its course despite changes in prime ministers and control of parliament.”
― R. James Breiding, Too Small to Fail: Why Small Nations Outperform Larger Ones and How They Are Reshaping the World

“In an increasingly knowledge-based world, the nations which can attract and hold the most knowledgeable workers will be the most successful.”
― R. James Breiding

“Those who do not take care of their employees spiritually; will eventually suffer the consequences economically.”
― Dr. Lucas D. Shallua

“Progress for the people can be achieved through education as well as economic empowerment.”
― Lailah Gifty Akita

“Without economic empowerment, how can education be realised?”
― Lailah Gifty Akita

“Education is as necessary as economic well-being.”
― Lailah Gifty Akita

“As share prices rise, the money men ratchet up immense profits, leaving bankers with a juicy cut. And when the bubble bursts, the bankers dial the number of their favorite politician, whose campaign they featherbedded, and, before anyone notices, their losses are transferred to the taxpayer — many of whom the banks evict from their homes after foreclosing on their mortgages.”
― Yanis Varoufakis, Another Now: Dispatches from an Alternative Present

“The Maui wildfires disaster led to the Maui economic disaster.”
― Steven Magee

“Pan haggerty wasn't dissimilar to a gratin dauphinoise (she could almost hear Freddie crowing that the English had got there first), but was fried in a pan in hot dripping. Singing hinnies were griddle cakes, it transpired, enriched with lard, flavored with currants and eaten spread with butter.
"They sizzle and sing on the girdle," Mrs. Birtley explained and smiled.
There was much use of potatoes in these recipes, Stella noticed, as she turned the pages, lots of dumplings, leeks, dried peas and oats, and a wholesome sense of economy. These recipes suggested that the region had always been thrifty, but Stella heard pride, not complaint, in Mrs. Birtley's voice, a care and a particularity.”
― Caroline Scott, Good Taste

“Country with a GDP the size of a planet competing with an island nation for economic supremacy!”
― Economic Supremacy

“Education must empower a man to have an economic freedom.”
― Lailah Gifty Akita

“Politics should never be a path to power—it should be a commitment to serve. When principled people take action, communities thrive, and real change becomes possible.”
― Stanley Ndua

“The foundation of all economic activity is simple: if you know, you can create value; if you don't know, you cannot”
― Aiyaz Uddin

“In every industry there is a principle driver... a human whose single decision launches a cascade of transactions, moving money and value.”
― Aiyaz Uddin

“Education should promote economic growth.”
― Lailah Gifty Akita