Economics
The Grassroot Institute conducts research and analysis of various issues from a free market perspective. Academic works are inspired by the writings of scholars such as Frederic Bastiat, Murray Rothbard, Milton Friedman, F.A. Hayek, Adam Smith, and others. Generally, the Institute opposes tax increases, such as Hawaii's General Excise Tax. The Institute found that the 0.5% GET increase of 2008 would result in nearly 6,000 private sector jobs lost, a decrease in investment of $125.4 million, a decrease in statewide personal income of $303 million, and a loss in disposable income by $646 million.
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Famous quotes containing the word economics:
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)