Socialism/economics

Famous quotes containing the words socialism and/or economics:

“There’s no such thing as socialism pure
Except as an abstraction of the mind.
There’s only democratic socialism,
Monarchic socialism, oligarchic
The last being what they seem to have in Russia.”
—Robert Frost (1874–1963)

“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)