Is there an English idiom that has the same meaning as "words without actions" or "mere ink on paper"? Especially in the field of economics.
Consider the phrase "Not worth the paper it's written/printed on."
Lip service. To pay lip service to something is to talk about it, but not actually do anything. Like politicians who talk about the state of the environment but do nothing concrete to improve it.
There is a popular acronym I particularly favor-
ATANA - All Talk And No Action
For economics maybe -
- 'Great cry and little wool'
- 'All Bark and No bite'.
- 'All foam but no beer'
Several more are listed at: