Science Quotes

"The quantity theory of money explains how prices move in relation to currency supply."

"Interest rates reflect the time preference of money in society."

"Economic cycles are intensified by the expansion and contraction of credit."

"The velocity of money circulation determines the level of economic activity."

"Price movements tell the story of supply and demand in markets."

"Monetary expansion without economic growth leads to inflation."

"The relationship between money supply and prices is direct and predictable."

"The quantity of money matters as much as its quality in circulation."

"Bad money drives out good money from circulation; this is inevitable."

"Economic cycles are more violent when credit expansion is uncontrolled."

"The statistician who understands money understands the pulse of society."

"Science progresses by the constant refutation of yesterday's certainties."

"Modern scientific inquiry has been concerned with the orderly sequence of phenomena rather than with their causal nexus."

"The human mind is a machine for the classification and comparison of sensations."

"Scientific truth is merely current consensus among the competent observers."

"Economics is not about money; it is a study of human behavior and choice."

"Demand and supply are the two blades of a pair of scissors; either one alone is useless for cutting."

"In economics, as in life, small errors compound into great mistakes over time."

"The study of economics reveals the intricate web of human interdependence."

"The invisible hand of the market is guided by the visible hands of moral actors."

"The study of economics reveals human nature more honestly than the study of philosophy."

"Science advances not through proof but through the elimination of false hypotheses."

"Equilibrium in economics is a useful fiction, not a description of reality."

"Technical progress without social progress is hollow and often destructive."

"Scientific method is the only path to reliable knowledge."

"Population, when unchecked, increases in a geometrical ratio. Subsistence increases only in an arithmetical ratio."

"The advancement of science depends upon humble acceptance of natural laws."

"Science progresses when men humbly accept what nature teaches."

"Prices serve as signals that transmit information throughout the economy."

"The principle of marginal utility explains consumer behavior."