Major sayings and its writer in economics
1. "In the long run, we are all dead." - John Maynard Keynes
2. "There is no such thing as a free lunch." - Milton Friedman
3. "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest." - Adam Smith
4. "The only function of economic forecasting is to make astrology look respectable." - John Kenneth Galbraith
5. "The invisible hand of the market will ensure that resources are allocated efficiently." - Adam Smith
6. "Economics is the science of how people and societies make choices, and how those choices determine the allocation of resources." - Thomas Sowell
7. "Inflation is always and everywhere a monetary phenomenon." - Milton Friedman
8. "The rich get richer and the poor get poorer." - R.H. Tawney
9. "The problem of poverty is not a problem of scarcity but a problem of distribution." - Mahatma Gandhi
10. "It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." - Charles Darwin (often applied in economics)
Above is Major sayings and its writer in economics.
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