Quotes of All Topics . Occasions . Authors
There is no such thing as a free market.
History is on the side of the regulators.
Culture changes with economic development.
Assume the worst about people and you get the worst.
We are not smart enough to leave things to the market.
Manufacturing is the most important...route to prosperity.
Financial markets need to become less, not more, efficient.
Making rich people richer doesn't make the rest of us richer.
The washing machine changed the world more than the Internet.
I like all kinds of music - classical, pop, rock, electronic.
95% of Economics is common sense deliberately made complicated.
Corruption exists because there is too much, not too little, market.
I'm not an anti-capitalist, or anarchist. I want capitalism to work.
I don't drink at lunchtime because I'm very weak at alcohol like most Asians.
Corruption often exists because there are too many market forces, not too few.
Low inflation and government prudence may be harmful for economic development.
People who live in poor countries have to be entrepreneurial even just to survive.
The foundation of economic development is the acquisition of more productive knowledge.
The invention of the printing press was one of the most important events in human history.
Few countries have become rich through free-trade, free-market policies, and few ever will.
As a consumer, I don't create art, but I think whatever the message is, art has to touch you.
People 'over-produce' pollution because they are not paying for the costs of dealing with it.
Democracy is acceptable to neo-liberals only in so far as it does not contradict the free market.
Countries are poor not because their people are lazy; their people are 'lazy' because they are poor.
To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms.
When we assess the impact of technological changes, we tend to downplay things that happened a while ago.
Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.
It's not just about the current economic environment. History shows that slashing budgets always leads to recession.
The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.
There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.
Democracy, despite its limitations, is in the end the only way to ensure that policies do not simply benefit the privileged few.
A well-designed welfare state can actually encourage people to take chances with their jobs and be more, not less, open to changes.
I used to joke that I came to England - not to the U.S. where most Koreans go - because I like Arthur Conan Doyle and Agatha Christie.
The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.
Overcoming the myth that there is such a thing as an objectively defined 'free market' is the first step towards understanding capitalism.
When I was growing up in South Korea in the '70s and early '80s, the country was too poor to buy original records. Everything was bootlegged.
Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.
I think this notion that public enterprises do not work and therefore nationalization will be a disaster, I mean, it's not supported by evidence.
The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.
As someone from a developing country, I have a problem with rich countries thinking they can tell us anything, simply because they are giving money.
There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.
Very often, the judgments by ordinary citizens may be better than those by professional economists, being more rooted in reality and less narrowly focused.
Unfortunately, a lot of economists wanted to make their subject a science. So the more what you do resembles physics or chemistry, the more credible you become.
[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.
The economy is much bigger than the market. We will not be able to build a good economy - nor a good society - unless we look at the vast expanse beyond the market.
It is one thing to tell the citizens of some faraway country to go to hell, but it is another to do the same to your own citizens, who are supposedly your ultimate sovereigns.
95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.
It is impossible to objectively define how free a market is. This is a political definition. Government is always involved, and those free marketers are as politically motivated as anyone.
Many people think that the U.S. is ahead in the frontier technology sectors as a result of private sector entrepreneurship. It's not. The U.S. federal government created all these sectors.
Instead of reading a paper, we now read the news online. Instead of buying books at a store, we buy them on-line. What's so revolutionary? The Internet has mainly affected our leisure life.