A Quote by Ayn Rand

People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.

Ayn Rand

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Accepted Accepting Bad Because Collectivism Economics Embraced Embracing People

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Ayn Rand
Russian - Writer
February 2, 1905 - March 6, 1982

I do not believe there is a natural resource economics. I believe there is good economics and bad economics.

Milton Friedman

The more propaganda . . . conservatives spread for capitalist economics while at the same time preaching collectivism morally and philosophically , the more nails they’ll drive into capitalism’s coffin.

Ayn Rand

If people are teaching economics, they need to teach all the different disciplines, all the different schools in economics. They can't just teach one because then the person isn't equipped to deal with the economics profession.

Charles Koch

Collectivism is the ancient principle of savagery. ... Collectivism is not the 'New Order of Tomorrow.' It is the order of a very dark yesterday.

Ayn Rand

Collectivism means the subjugation of the individual to a group - whether to a race, class or state does not matter. Collectivism holds that man must be chained to collective action and collective thought for the sake of what is called 'the common good'.

Ayn Rand

I entered economics because of a course I took on 'information economics,' which I found fascinating.

Eric Maskin

We have always known that heedless self interest was bad morals, we now know that it is bad economics.

Franklin D. Roosevelt

Recommending gastric bypass as a national solution for our diabetes epidemic is bad medicine and bad economics.

Mark Hyman

Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.

Evan Davis

There is no other proposition in economics that has more solid empirical evidence supporting it than the Efficient Market Hypothesis... In the literature of finance, accounting, and the economics of uncertainty, the EMH is accepted as a fact of life.

Michael Jensen

One of the profound effects of economics in our day is that the people with the money and the power have embraced the guilt-free, external-less, everything-will-turn-out-okay-in-the-end philosophy of economics in order to justify their own evil works. And the economists, for the most part, have sucked up to that money.

Jane Smiley

I gravitated to economics because I'm interested in how people coordinate and collaborate with each other. Economics studies all the ways people get along with each other.

Alvin E. Roth

Altruism demands that an individual serve others, but doesn’t stipulate whether those others should be one’s family, or the homeless, or society as a whole. Collectivism states that, in politics, society comes first and the individual must obey. Collectivism is the application of the altruist ethics to politics.

Andrew Bernstein

Collectivism holds that the individual has no rights, that his life and work belong to the group (to "society," to the tribe, the state, the nation) and that the group may sacrifice him at its own whim to its own interests. The only way to implement a doctrine of that kind is by means of brute force - and statism has always been the poltical corollary of collectivism.

Ayn Rand

Economics is uncertain because its fundamental subject matter is not money but human action. That's why economics is not the dismal science, it's no science at all.

Julian Baggini

I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.

Robert Reich

A Quote by Ayn Rand

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