Quotes about Economics

Haran, Canneh, and Eden traded with you, and so did the merchants of Sheba, Asshur, and Chilmad.

The shekel will consist of twenty gerahs. Twenty shekels plus twenty-five shekels plus fifteen shekels will equal one mina.

Let us buy the poor with silver and the needy for a pair of sandals, selling even the chaff with the wheat!”

You need rich people in your society not so much because in spending their money they create jobs, but because of what they have to do to get rich. I'm not talking about the trickle-down effect here. I'm not saying that if you let Henry Ford get rich, he'll hire you as a waiter at his next party. I'm saying that he'll make you a tractor to replace your horse.

The people most likely to grasp that wealth can be created are the ones who are good at making things, the craftsmen. Their hand-made objects become store-bought ones.

I guess if people couldn't profit from war I don't think there would be war.

Rather than dividing the world between good and evil, the Left divided the world in terms of economics. Economic classes, not moral values, explained human behavior. Therefore, to cite a common example, poverty, not one's moral value system, or lack of it, caused crime.

If you have 50 different plug types, appliances wouldn't be available and would be very expensive. But once an electric outlet becomes standardized, many companies can design appliances, and competition ensues, creating variety and better prices for consumers.

For online universities, like Liverpool and the University of Phoenix, if prices drop by 60%, they still make money. But for the vast majority of traditional universities, if the prices fall by 10%, they are bankrupt; they have no wriggle room.

The book of Job highlights the theme that God has marvelously designed the universe, the earth, and all its life in such a way as to harmonize ethics and economics. When we humans face a crisis or dilemma that appears to force a choice between ethics and economics, we can be sure God has provided a solution that compromises neither.

Jesus' story makes no economic sense, and that was his intent. He was giving us a parable about grace, which cannot be calculated like a day's wages. Grace is not about finishing last or first; it is about not counting.

Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder.