The 45 best quotes on Economics and Finance

Famous quotes about money and the consumer, from the hand of great thinkers of history.

Economics is a science closely related to the human condition.. In fact, through economic science we can draw great conclusions about how we human beings are.

Through the buying and selling of products and services, people choose to prioritize certain things over others. Economics, in a nutshell, studies these transactions, the motivations behind them, and the monetary fluctuations that take place anywhere on the planet.

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Famous phrases on Economics

In this article we are going to compile the best phrases on economics and finance that you should know to have great notions about this science.. In addition, this knowledge will allow you to have intuition when making your investments in the short, medium and long term.

A lot of people have become pessimists by financing optimists. (C.T. Jones)

On many occasions, excessive optimism is a sign of greed.

2. The market can remain irrational longer than you can remain solvent. (John Maynard Keynes)

This representative of the social democratic ideology proposed great laws and maxims that apply to the liberal market.

3. The division of complex tasks into simple tasks, in which one can become skilled, is the source of achieving 'the maximum improvement in the productive powers of labor'. (Adam Smith)

One of the virtues of capitalism is specialization. Great famous phrase of the theoretician of liberalism Adam Smith.

4. A bank is a place that will lend you money if you can prove you don't need it. (Bob Hope)

A curious paradox described in the form of irony.

5. The price is what you pay. Value is what you get. (Warren Buffett)

One of the most memorable economic quotes.

6. The elements of good trading are: First, cut your losses, second, cut your losses, and third, cut your losses. If you can follow these three rules, then you have a chance. (Ed Sekyota)

"The fundamental strategies" for being a good speculator.

7. Every short sentence about economics is inherently false. (Alfred Marshall)

A paradox that tells us about the inherent complexity of this science.

8. The only good budget is the balanced budget. (Adam Smith)

A precept to be applied to any economic field.

9. Definition of an economist: he is an expert who tomorrow will know how to explain why the things he predicted yesterday have not happened today. (Lawrence J. Peter)

Another famous ironic quote about the economist's job.

10. In the practical affairs of life, it is not faith that saves, but distrust. (Napoleon Bonaparte)

Another piece of advice that should be followed if we want to preserve our wealth.

11. Take care of small expenses; a small hole sinks a ship. In this world, nothing is certain except death and taxes. (Benjamin Franklin)

The former president of the United States left us this pearl in the form of practical advice.

12. In business there are no friends: there are only customers. (Alexandre Dumas)

Don't think that someone will pay you just because you have a good personal relationship. That's not the way things work.

13. Nothing is so essential in business as being expeditious. (Joseph Addison)

Being agile is a fundamental rule for success.

14. When the scam is huge, it already takes a decent name. (Adelardo López de Ayala)

Deceiving a few is easy; deceiving thousands of people is a work of social and financial engineering.

15. While you can, save for old age and necessity, because the morning sun does not last all day. Whoever buys the superfluous will soon be forced to sell what is necessary. If you know how to spend less than you earn, you have found the philosopher's stone. An empty sack is very difficult to keep on its feet. (Benjamin Franklin)

The thought of a great conservative.

16. It is good indeed to acquire, but it is much better to conserve. (Johann Wolfgang von Goethe)

In the age of obsolescence, this phrase is, unfortunately, outdated.

17. Boldness in business comes first, second and third. (Thomas Fuller)

Famous phrase for running a business.

18. A bank is a place where they lend you an umbrella when the weather is nice and ask for it when it starts to rain. (Robert Lee Frost)

Another famous quote that ironizes about the financial system in our societies.

19. In life you have to choose between earning money or spending it. There is not enough time for both. (Edouard Bourdet)

An economic reflection that can leave us thinking.

20. A saver is an imbecile who immobilizes a thousand francs to earn five, and ignores how many beautiful things can be done with a thousand francs. (Tristan Bernard)

In contrast to most financial phrases, Bernard exhorts us to spend and enjoy life.

21. Always spend a coin less than you earn. (Cesare Cantu)

Another reflection that encourages us to save.

21. One is robbed in the purse in the same way one is killed in war: by people who are not seen. (Alfred Capus)

It is the invisible hands that really dominate the market.

22. Great income is the economy. Income is safer than economy: economy is the daughter of order and assiduity. Not to feel the greed of riches is a wealth; not to have the mania of spending is an income. (Marcus Tullius Cicero)

An ode to austerity and to avoid the false siren songs of luxury and greed.

23. What costs little is esteemed even less. (Miguel de Cervantes)

On the value of things.

• More quotes by Miguel de Cervantes Saavedra

24. The man who knows how to spend and save is the happiest, because he enjoys both. (Samuel Johnson)

In moderation is the virtue of the consumer.

25. Isn't it strange? The same people who laugh at soothsayers take economists seriously. (Anonymous)

One more economic phrase that questions the predictive capacity of the graduates in this social science.

26. Economics as the essence of life is a deadly disease, because infinite growth does not harmonize with a finite world. (Erich Fromm)

The psychoanalyst makes a general but very accurate reflection about the vicious circle of capitalism.

• More quotes by Erich Fromm

27. To advise economy to the poor is both grotesque and insulting. It is like advising the starving to eat less. (Oscar Wilde)

The British writer was talking about the false pedagogy of the elites towards the underprivileged classes.

• More famous quotes by Oscar Wilde

28. Thrift is poetic, because it is creative: waste is not poetic, because it is destructive. (Gilbert Keith Chesterton)

A suitable reflection for anyone who thinks about the future.

29. There are two kinds of economists; those who want to make the rich richer and those who want to make the poor less poor. (José Luis Sampedro)

A great Spanish thinker and economist, Sampedro, embodying his vocation.

30. Behind the economy there must also be power, since only power guarantees the economy. (Adolf Hitler)

Economic reflection of one of the greatest genocides in history.

31. The mercantile economy necessarily originates competition among the producers of merchandise, inequality, the ruin of some and the enrichment of others. (Vladimir Lenin)

On the accumulation of wealth.

32. In economics there is nothing mysterious or inaccessible to the understanding of the man in the street. If there is a mystery, it lies in the hidden purpose that the economist may pursue, which is none other than the dissimulation of the concrete interest he is serving. (Arturo Jauretche)

The characteristics of a science that, in short, studies ourselves.

33. Economy can be made in any circumstance, but the sick should be provided with whatever is necessary. (Don Bosco)

We cannot skimp or economize when it comes to basic rights.

34. The art of economics consists in considering the most remote effects of any act or policy and not merely its immediate consequences; in calculating the repercussions of such a policy not on one group, but on all sectors. (Henry Hazlitt)

Global reflection on the impact of small things in the economic and financial context.

35. Taking advice from the technicians of the International Monetary Fund is the same as going to the store with the buyer's manual, written by the grocer. (Arturo Jauretche)

Famous quote loaded with irony about the IMF's partiality.

36. The key factor that will determine your financial future is not the economy, the key factor is your philosophy. (Jim Rohn)

The future is determined by one's own strategy.

37. Economics is a narrative discipline and explanations are easy to provide a posteriori. (Nassim Taleb)

It is easy to describe and explain certain phenomena with hindsight.

38. What we have created is an extortion economy in which the rich get richer, the poor starve and apparently nobody cares as long as we call it democracy.

A phrase about today's economy and the way in which the elites ruthlessly enrich themselves.

39. When the economy slows down, the entrepreneurial spirit perks up like a well-stocked wood stove on a cold winter's night.

It is often said that crises are opportunities to create particularly prosperous businesses.

40. All government interference in the economy consists in granting an unearned benefit, extracted by force, to some men at the expense of others. (Ayn Rand)

A quote from the ultra-liberal Ayn Rand.

41. It is better to secure an interest than to earn a thousand pounds sterling. (Robert Louis Stevenson)

An elementary principle for being a good investor.

42. Rarity fixes the price of things. (Petronius)

The more extravagant or scarce a product is, the more expensive it tends to be.

43. Do not steal: in this way you will never have luck in business. Cheat. (Ambrose Bierce)

Unfortunately, many businesses are based on a total lack of ethics and scruples.

44. If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours. (John Maynard Keynes)

Another very famous phrase about economics. Debts are negotiated differently depending on the amount involved.

45. The stock market is a game that consists of passing from one to another a lighted match, until it reaches one who burns his fingers. (John Kennedy)

The U.S. President's view on the "art" of speculation.