Top Classical Economics Quotes

Browse top 4 famous quotes and sayings about Classical Economics by most favorite authors.

Favorite Classical Economics Quotes

1. "Like casinos, large corporate entities have studied the numbers and the ways in which people respond to them. These are not con tricks - they're not even necessarily against our direct interests, although sometimes they can be - but they are hacks for the human mind, ways of manipulating us into particular decisions we otherwise might not make. They are also, in a way, deliberate underminings of the core principle of the free market, which derives its legitimacy from the idea that informed self-interest on aggregate sets appropriate prices for items. The key word is 'informed'; the point of behavioural economics - or rather, of its somewhat buccaneering corporate applications - is to skew our perception of the purchase to the advantage of the company. The overall consequence of that is to tilt the construction of our society away from what it should be if we were making the rational decisions classical economics imagines we would, and towards something else."
Author: Nick Harkaway
2. "Neoclassical economics is precisely the theory one would expect a vastly complex system of international corporations, world markets, and interconnected currencies to create to sustain, justify, explain, and predict "itself." And classical economics, correspondingly, was a predictable expression of an earlier European capitalism."
Author: Roger M. Keesing
3. "In this century, we are about to enter interplanetary civilization.In order to survive, we need to go beyond neoclassical economics definition.We define it as interplanomics."
Author: Toba Beta
4. "Commerce is considered by classical economists to be a positive-sumgame. The act of selling and buying always benefits both the sellerand the buyer. It is unfortunate that popular culture has propagatedthe Marxist myth that one person gains in business at the expense ofanother, that capitalism is evil because it is a zero-sum game—somebodywins while someone else loses. When liberals make the argumentthat capitalism is the cause of all of our problems, they are eitherspeaking out of abject ignorance or being totally disingenuous toprotect their interests. We have not had true free-market capitalismin this country on any wide scale. Where we have had economicsuccesses in this nation's history, it has been those times when peoplehave done something outside of the government's involvement. Everytime the federal government has been involved, it has created chaos,waste, and corruption."
Author: Ziad K. Abdelnour

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Smart people learn from their mistakes. But the real sharp ones learn from the mistakes of others."
Author: Brandon Mull

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