Quotes in economics

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.


Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure.


It is easy to date an earthquake, but not an economic decline.


Fighting patents one by one will never eliminate the danger of software patents, any more than swatting mosquitoes will eliminate malaria.


There can be no real individual freedom in the presence of economic insecurity.


In all recorded history there has not been one economist who has had to worry about where the next meal would come from.

More quotes by   Peter Drucker view quote details

Inflation is the one form of taxation that can be imposed without legislation.


There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.


Economics is extremely useful as a form of employment for economists.


The only function of economic forecasting is to make astrology look respectable.