As an entrepreneur, you’re always looking for inspiration and advice from those who have been successful. Here is a compilation of some great quotes from economists that will inspire and motivate you to achieve your goals.
1. There is nothing as dangerous as an economist who only knows economics except the moral philosopher who knows no economics. — Peter J. Boettke
2. Tis a good rule in every journey to provide some piece of liberal study to rescue the hours which bad weather, bad company, and taverns steal from the best economist. — Ralph Waldo Emerson
3. I don’t know of a single economist who disagrees that when you raise the minimum wage, you kill jobs for the poor. — Newt Gingrich
4. In any sane society, a farmer is a billion times more important than an economist. — Mokokoma Mokhonoana
5. A rogue economist explores the hidden side of everything. — Steven D. Levitt
6. Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists. — Noam Chomsky
7. I’m Harvard–educated; I’m an economist by training. I’m an author, a journalist, as well as being active in community development. — Winona Laduke
8. I am an educationist. I’m an economist. I am a politician. I am also now a good storyteller, you know? — Robert Mugabe
9. I am not an economist. I am an honest man! — Mark Twain
10. I am an educationist. I’m an economist. I am a politician. I am also now a good storyteller, you know? — Robert Mugabe
11. An expert whose argument reeks of restraint or nuance often doesn’t get much attention. — Steven D. Levitt, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
12. Tis a good rule in every journey to provide some piece of liberal study to rescue the hours which bad weather, bad company, and taverns steal from the best economist. — Ralph Waldo Emerson
13. Percentages! Those are for economists, polls, and politicians. Percentages can’t define your identity. — Mary E. Pearson, The Adoration of Jenna Fox
14. This week’s important that the board be comprised of people who are academics, economists, and not people who are highly partisan. — Mitt Romney
15. I’m Harvard–educated; I’m an economist by training. I’m an author, a journalist, as well as being active in community development. — Winona Laduke
16. Economists are people who wonder if what works in reality can also work in theory. — Ronald Reagan
17. Percentages! Those are for economists, polls, and politicians. Percentages can’t define your identity. — Mary E. Pearson, The Adoration of Jenna Fox
18. Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That’s not a statement, it’s a definition. — Milton Friedman
19. Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That’s not a statement, it’s a definition. — Milton Friedman
20. The future is already here–it’s just not evenly distributed. The Economist, December 4, 2003 — William Gibson
21. Where the bourgeois economists saw a relation between things (the exchange of one commodity for another) Marx revealed a relation between people. — Vladimir Lenin
22. No real English gentleman, in his secret soul, was ever sorry for the death of a political economist. — Walter Bagehot
23. Accountants and economists are natural enemies. One views trees, the other forests, and the visions are usually at odds, as they should be. — Robert Ludlum
24. A good accountant is someone who told you yesterday what the economists forcast for tomorrow — Miles Thomas
25. Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That’s not a statement, it’s a definition. — Milton Friedman
26. Economists get impatient with philosophy. They are often trained as skilled mathematicians. They don’t like going back to ordinary language and first principles. — Martha C. Nussbaum
27. I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior. — Milton Friedman
28. I am not an economist. I am an honest man! — Mark Twain
29. You know economists; they’re the sort of people who see something works in practice and wonder if it would work in theory. — Ronald Reagan
30. Louis Kelso of San Francisco, a lawyer–economist, has for years felt that he has a radical answer to the problem. — William F. Buckley
31. If you laid every economist in the country end to end you would still not reach a conclusion. — Salvadore Nasello
32. I’m Harvard–educated; I’m an economist by training. I’m an author, a journalist, as well as being active in community development. — Winona Laduke
33. No real English gentleman, in his secret soul, was ever sorry for the death of a political economist. — Walter Bagehot
34. If you put two economists xin a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions. — Winston Churchill
35. What I’m asking for is a new economic order. I don’t know how to construct that; I’m not an economist. — Michael Moore
36. There is nothing as dangerous as an economist who only knows economics except the moral philosopher who knows no economics. — Peter J. Boettke
37. An expert whose argument reeks of restraint or nuance often doesn’t get much attention. — Steven D. Levitt, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
38. I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior. — Milton Friedman
39. An expert whose argument reeks of restraint or nuance often doesn’t get much attention. — Steven D. Levitt, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
40. An expert whose argument reeks of restraint or nuance often doesn’t get much attention. — Steven D. Levitt, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
41. I am looking forward to learning at the knee of Paul Ryan. He doesn’t strike me as a politician. He strikes me as an economist. — Todd Rokita
42. I am looking forward to learning at the knee of Paul Ryan. He doesn’t strike me as a politician. He strikes me as an economist. — Todd Rokita
43. A good accountant is someone who told you yesterday what the economists forcast for tomorrow — Miles Thomas
44. I was an economist now turning into a human being–as if these are two different things. I don’t know but I did that and then I had no vision. — Muhammad Yunus
45. There are only two economists in Congress and hundreds of lawyers. Does that explain why the government is in such a mess? — Thomas Sowell
46. The science of public happiness was how Keynes saw his work as an economist. — Richard Davenport–Hines, Universal Man: The Lives of John Maynard Keynes
47. Every company that has an economist working for him has one employee too many. — Warren Buffett
48. Percentages! Those are for economists, polls, and politicians. Percentages can’t define your identity. — Mary E. Pearson, The Adoration of Jenna Fox
49. I was an economist now turning into a human being–as if these are two different things. I don’t know but I did that and then I had no vision. — Muhammad Yunus
50. I’m Harvard–educated; I’m an economist by training. I’m an author, a journalist, as well as being active in community development. — Winona Laduke
No matter which economist you admire, you can rest assured that their words will continue to inspire generations to come. From Adam Smith to John Maynard Keynes, their teachings and philosophies will continue to shape the way we think about economics and finance. These quotes remind us of the importance of looking to the past to get a better understanding of the present and the future. As we strive to make the world a better place, we can benefit from looking back at the words of wisdom provided by some of the greatest minds in the field of economics.