In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else.
For the only way in which a durable peace can be created is by world-wide restoration of economic activity and international trade.
The bond between the United States and Britain has always been strong. It has survived through war and peace, periods of prosperity and economic hardship.
Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself.
In Europe, it appears that in the name of democracy, elites are pursuing an autocratic, centralized power, seeking economic control and social regimentation.
Based on all criteria - military power, economic influence, cultural dominance - America remains number one, even though other, new players are increasingly challenging it in that role.
Why do writers, say, give up a job in economics and decide to write poetry? Or, why do they give up a job in a bank and decide to paint, like Krishan Khanna? They want to convey something.
I should like to repeat what I stated recently in the Jeddah Economic Forum in Saudi Arabia: It won't be the religion, but rather the world-view of some of its followers that shall be made current.
To overturn orthodoxy is no easier in science than in philosophy, religion, economics, or any of the other disciplines through which we try to comprehend the world and the society in which we live.
Royalties are not how most writers or musicians make their living. Musicians by and large make a living with a relationship with an audience that is economically harnessed through performance and ticket sales.
The country that owns green, that dominates that industry, is going to have the most energy security, national security, economic security, competitive companies, healthy population and, most of all, global respect.
Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.
It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.
The publication of the third volume of Capital has made hardly any impression upon bourgeois economic science.
My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table.
There are a few things that people all around the world need to admit to themselves. Trade restraints slow economic growth, the euro is not a reserve currency, and scoreless sports ties are boring.
So Europe needs to be competitive and we also need to be competitive if we wish to remain an interesting economic partner for the United States. This has to be done on the basis of strength, of competitiveness.
So much research has been done showing that the woman is the most vulnerable but also the biggest strength leading to economic progress.
Turkey is going through an incredible economic, political and social transformation. What is most important is that Turkey has been the owner of this transformation. Ownership has been the key to success.
To put it bluntly, there isn't one economic theory that can single-handedly explain Singapore's success; its economy combines extreme features of capitalism and socialism. All theories are partial; reality is complex.
When you educate a girl, you kick-start a cycle of success. It makes economic sense. It makes social sense. It makes moral sense. But, it seems, it's not common sense yet.
