A Quote by Sir Henry Roy Forbes Harrod

The most basic law of economics?that one cannot get something for nothing.

Sir Henry Roy Forbes Harrod

Quote Topics

Basic Cannot Economics Get Law Most Nothing Something

Quote Author

Sir Henry Roy Forbes Harrod
Economist
February 13, 1900 - March 8, 1978

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

One of the great rules of design is do something basic right. Then everything gets much more right of itself. But if you do something basic wrong - if you make what I call a Type 1 Error - you can get nothing else right.

Bill Mollison

Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.

Thomas Sowell

As a multisport athlete, I was always fascinated with competition and how to win. At HBS and later at the Harvard Department of Economics, I was drawn to the field of competition and strategy because it tackles perhaps the most basic question in both business management and industrial economics: What determines corporate performance?

Michael Porter

Basic Economics 101. It's the most complicated simple subject there is.

Rush Limbaugh

Even the most exalted states and the most exceptional spiritual accomplishments are unimportant if we cannot be happy in the most basic and ordinary ways, if we cannot touch one another and the life we have been given with our hearts.

Jack Kornfield

No legislative, administrative or judicial activity in the Hong Kong SAR is allowed to contradict the Basic Law, let alone to go against the Basic Law.

Wu Bangguo

I don't think Obama understands basic economics. Not economics that work. He may understand some theory that someone in Princeton sat and dreamed up, but it's not working.

Rick Perry

Most Americans don't know enough about basic economics to fill out one fortune cookie.

Neal Boortz

So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.

Charlie Munger

Just as the constant increase of entropy is the basic law of the universe, so it is the basic law of life to be ever more highly structured and to struggle against entropy.

Vaclav Havel

The entire point of life is to find ways to get others to do your work for you. Don’t you know anything about basic economics?

Brandon Sanderson

At a purely practical level, history is important because it provides the basic skills needed for students to go further in sociology, politics, international relations and economics. History is also an ideal discipline for almost all careers in the law, the civil service and the private sector.

Antony Beevor

When law enforcement fails to fulfill its most basic duty to protect and serve its citizens, particularly members of a minority community, it not only tarnishes the badge we all wear, but erodes the trust that we in law enforcement have worked so hard to build.