100 Quotes About Economic

Economics is the social science that studies how people allocate scarce resources. It provides an understanding of the factors affecting the production, distribution and consumption of goods and services. Economists focus on measuring and describing the interrelationships between economic variables, such as the economy’s total output and product diversity, providing insight into how households and firms choose their actions. Learn more about economics with these fresh, inspiring, and funny economics quotes.

There ain't no such thing as a free lunch.
There ain't no such thing as a free lunch. Pierre Dos Utt
The complexity of our present trouble suggests as never before that we need to change our present concept of education. Education is not properly an industry, and its proper use is not to serve industries, either by job-training or by industry-subsidized research. It's proper use is to enable citizens to live lives that are economically, politically, socially, and culturally responsible. This cannot be done by gathering or "accessing" what we now call "information" - which is to say facts without context and therefore without priority. A proper education enables young people to put their lives in order, which means knowing what things are more important than other things; it means putting first things first. Wendell Berry
If the ordinary wage-earner worked four hours a day, there would be enough for everybody and no unemployment -- assuming a certain very moderate amount of sensible organization. This idea shocks the well-to-do, because they are convinced that the poor would not know how to use so much leisure. In America men often work long hours even when they are well off; such men, naturally, are indignant at the idea of leisure for wage-earners, except as the grim punishment of unemployment; in fact, they dislike leisure even for their sons. Bertrand Russell
Most of us try to do too much because we...
Most of us try to do too much because we are secretly afraid we will not be able to do anything at all. Rick Aster
Moments are the elements of profit
Moments are the elements of profit Karl Marx
At this point we can finally see what's really at stake in our peculiar habit of defining ourselves simultaneously as master and slave, reduplicating the most brutal aspects of the ancient household in our very concept of ourselves, as masters of our freedoms, or as owners of our very selves. It is the only way that we can imagine ourselves as completely isolated beings. There is a direct line from the new Roman conception of liberty — not as the ability to form mutual relationships with others, but as the kind of absolute power of "use and abuse" over the conquered chattel who make up the bulk of a wealthy Roman man's household — to the strange fantasies of liberal philosophers like Hobbes, Locke, and Smith, about the origins of human society in some collection of thirty- or forty-year-old males who seem to have sprung from the earth fully formed, then have to decide whether to kill each other or begin to swap beaver pelts. David Graeber
Anyone who says that economic security is a human right, has been to much babied. While he babbles, other men are risking and losing their lives to protect him. They are fighting the sea, fighting the land, fighting disease and insects and weather and space and time, for him, while he chatters that all men have a right to security and that some pagan god– Society, The State, The Government, The Commune–must give it to them. Let the fighting men stop fighting this inhuman earth for one hour, and he will learn how much security there is. . Rose Wilder Lane
Propounding peace and love without practical or institutional engagement is...
Propounding peace and love without practical or institutional engagement is delusion, not virtue. Unknown
Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the people below. It never really works out that way, of course, because if there are 2 things people at the top can't stand, they have to be leakage and overflow. Kurt Vonnegut Jr.
Das Spiel ist der Inbegriff demokratischer Lebensart. Es ist die letzt uns verbliebene Seinsform. Der Spieltrieb ersetzt die Religiosität, beherrscht die Börse, die Politik, die Gerichtssäle, die Pressewelt, und er ist es, der uns seit Gottes Tod mental am Leben hält. Juli Zeh
An item is only worth what someone is willing to...
An item is only worth what someone is willing to pay for it Bianca Baker
The issue of false consciousness is a genuinely difficult problem that has no definite solution. We should not approve of an unequal and brutal society because surveys show that people are happy. But who has the right to tell those oppressed women or starving landless peasants that they shouldn’t be happy, if they think they are? Does anyone have the right to make those people feel miserable by telling them the ‘truth’? There are no easy answers to these questions, but they definitely tell us that we cannot rely on ‘subjective’ happiness surveys to decide how well people are doing. HaJoon Chang
...there were certain chapters when I stopped writing, saw the...
...there were certain chapters when I stopped writing, saw the domestic situation I was in and thought, "I don't want to face this world, let's get back to the hellish one I'm imagining. Alasdair Gray
Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is not enough to explain. The images that are in the mind of the writer must be made to reappear in the mind of the reader, and it is the absence of this ability that causes much economic writing to be condemned, quite properly, as abstract. John Kenneth Galbraith
None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter good economists who are difficult writers even though some of the best have been very good writers. He should know, moreover, that at least for a few great men ambiguity of expression has been a positive asset. But with these exceptions he may safely conclude that what is wholly mysterious in economics is not likely to be important. . John Kenneth Galbraith
Christ represents originally: 1) men before God; 2) God for men; 3) men to man. Similarly, money represents originally, in accordance with the idea of money: 1) private property for private property; 2) society for private property; 3) private property for society. But Christ is alienated God and alienated man. God has value only insofar as he represents Christ, and man has value only insofar as he represents Christ. It is the same with money. Karl Marx
One of the greatest pieces of economic wisdom is to...
One of the greatest pieces of economic wisdom is to know what you do not know. John Kenneth Galbraith
Man does not know most of the rules on which...
Man does not know most of the rules on which he acts and even what we call his intelligence is largely a system of rules which operate on him but which he does not know. Friedrich A. Hayek
It has been discovered that with a dull urban population, all formed under a mechanical system of State education, a suggestion or command, however senseless and unreasoned, will be obeyed if it be sufficiently repeated. Hilaire Belloc
The working class had imposed upon them a sterile and...
The working class had imposed upon them a sterile and authoritarian educational system which mirrored the ethos of the corporate workplace. Anthony M. Platt
Spend a few hours every week studying American history, human nature, and economic theory. Start with “Economics in One Lesson.” Then try Keynes. Then Hayek. Then Marx. Then Hegel. Develop a worldview that you can articulate as well as defend. Test your theory with people who disagree with you. Debate. Argue. Adjust your philosophy as necessary. Mike Rowe
Parents are not alone in focusing their expectations on success at the graduation exam: The whole education system colludes with them. The curriculum and organization of schools often date back to a colonial past, when schools were meant to train a local elite to be the effective allies of the colonial state, and the goal was to maximize the distance between them and the rest of the populace. Unknown
When you work hard in a job that suits your living standards, never greed for fortune because you will distract yourself from fulfilling other important priorities and participating in leisure activities in your current life. You will eventually gain the fortune if you set up a wise investment goal by having pride and confidence on your savings. Saaif Alam
Economics was like psychology, a pseudoscience trying to hide that fact with intense theoretical hyperelaboration. And gross domestic product was one of those unfortunate measurement concepts, like inches or the British thermal unit, that ought to have been retired long before. Kim Stanley Robinson
The energy and daring is to resist the noes, until...
The energy and daring is to resist the noes, until the final yes has been achieved. Jeffrey D. Sachs
The economist may attempt to ignore psychology, but it is sheer impossibility for him to ignore human nature … If the economist borrows his conception of man from the psychologist his constructive work may have some chance of remaining purely economic in character. But if he does not, he will not thereby avoid psychology. Rather, he will force himself to make his own, and it will be bad psychology. John Maurice Clark
It is not good for man to be kept perforce at all times in the presence of his species. A world from which solitude is extirpated is a very poor ideal. Solitude, in the sense of being often alone, is essential to any depth of meditation or of character; and solitude in the presence of natural beauty and grandeur, is the cradle of thoughts and aspirations which are not only good for the individual, but which society could ill do without. Nor is there much satisfaction in contemplating the world with nothing left to the spontaneous activity of nature; with every rood of land brought into cultivation, which is capable of growing food for human beings; every flowery waste or natural pasture ploughed up, all quadrupeds or birds which are not domesticated for man's use exterminated as his rivals for food, every hedgerow or superfluous tree rooted out, and scarcely a place left where a wild shrub or flower could grow without being eradicated as a weed in the name of improved agriculture. If the earth must lose that great portion of its pleasantness which it owes to things that the unlimited increase of wealth and population would extirpate from it, for the mere purpose of enabling it to support a larger, but not a better or a happier population, I sincerely hope, for the sake of posterity, that they will be content to be stationary, long before necessity compels them to it. John Stuart Mill
To summarize, using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance. Dan Ariely
Information transforms and command the keys to uncommon destiny in...
Information transforms and command the keys to uncommon destiny in life.ight information, whether social spiritual or physical remains the hub of every outstanding accomplishment on earth today. Prince Akwarandu
Our faith in freedom does not rest on the foreseeable...
Our faith in freedom does not rest on the foreseeable results in particular circumstances but on the belief that it will, on balance, release more forces for the good than for the bad. Friedrich A. Hayek
It is because every individual knows little and, in particular, because we rarely know which of us knows best best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it. Friedrich A. Hayek
Reconciliation means that those who have been on the underside of history must see that there is a qualitative difference between repression and freedom. And for them, freedom translates into having a supply of clean water, having electricity on tap; being able to live in a decent home and have a good job; to be able to send your children to school and to have accessible health care. I mean, what's the point of having made this transition if the quality of life of these people is not enhanced and improved? If not, the vote is useless.'-archbishop Desmond Tutu, chair of South Africa's Truth and Reconciliation Committee, 2001 . Naomi Klein
Economics is extremely useful as a form of employment for...
Economics is extremely useful as a form of employment for economists. John Kenneth Galbraith
What nature hath joined together, multiple regression analysis cannot put...
What nature hath joined together, multiple regression analysis cannot put asunder. Richard E. Nisbett
I was quite depressed two weeks ago when I spent...
I was quite depressed two weeks ago when I spent an afternoon at Brentano's Bookshop in New York and was looking at the kind of books most people read. Once you see that you lose all hope. Friedrich A. Hayek
When I applied to graduate school many years ago, I wrote an essay expressing my puzzlement at how a country that could put a man on the moon could still have people sleeping on the streets. Part of that problem is political will; we could take a lot of people off the streets tomorrow if we made it a national priority. But I have also come to realize that NASA had it easy. Rockets conform to the unchanging laws of physics. We know where the moon will be at a given time; we know precisely how fast a spacecraft will enter or exist the earth's orbit. If we get the equations right, the rocket will land where it is supposed to--always. Human beings are more complex than that. A recovering drug addict does not behave as predictably as a rocket in orbit. We don't have a formula for persuading a sixteen-year-old not to drop out of school. But we do have a powerful tool: We know that people seek to make themselves better off, however they may define that. Our best hope for improving the human condition is to understand why we act the way we do and then plan accordingly. Programs, organizations, and systems work better when they get the incentives right. It is like rowing downstream. . Charles Wheelan
Clearly, only very unequal intellectual and moral standing could justify having equality imposed, whether the people want it or not, as Dworkin suggests, and only very unequal power would make it possible. Thomas Sowell
The fields were fruitful, and starving men moved on the...
The fields were fruitful, and starving men moved on the roads. John Steinbeck
All political theories assume, of course, that most individuals are very ignorant. Those who plead for liberty differ from the rest in that they include among the ignorant themselves as well as the wisest. Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that the most ignorant individual can deliberately employ is comparatively insignificant. Friedrich A. Hayek
It is true that some secluded intellectuals in their esoteric circles talk differently. They proclaim the priority of what they call eternal absolute values and feign in their declamations–not in their personal conduct–a disdain of things secular and transitory. But the public ignores such utterances. The main goal of present-day political action is to secure for the respective pressure group memberships the highest material well-being. The only way for a leader to succeed is to instill in people the conviction that his program best serves the attainment of this goal. Ludwig Von Mises
But there is merit even in the mentally retarded legislator....
But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple. John Kenneth Galbraith
These people look upon inequality as upon an evil. They do not assert that a definitedegree of inequality which can be exactly determined by a judgment free of anyarbitrariness and personal evaluation is good and has to be preserved unconditionally. They, on the contrary, declare inequality in itself as bad and merely contend that alower degree of it is a lesser evil than a higher degree in the same sense in which asmaller quantity of poison in a man’s body is a lesser evil than a larger dose. But ifthis is so, then there is logically in their doctrine no point at which the endeavorstoward equalization would have to stop. Whether one has already reached a degree ofinequality which is to be considered low enough and beyond which it is not necessaryto embark upon further measures toward equalization is just a matter of personaljudgments of value, quite arbitrary, different with different people and changing in thepassing of time. As these champions of equalization appraise confiscation and“redistribution” as a policy harming only a minority, viz., those whom they considerto be “too” rich, and benefiting the rest–the majority–of the people, they cannotoppose any tenable argument to those who are asking for more of this allegedlybeneficial policy. As long as any degree of inequality is left, there will always bepeople whom envy impels to press for a continuation of the equalization policy. Nothing can be advanced against their inference: If inequality of wealth and incomesis an evil, there is no reason to acquiesce in any degree of it, however low;equalization must not stop before it has completely leveled all individuals’ wealth andincomes. Ludwig Von Mises
All varieties of the producers' policy are advocated on the ground of their alleged ability to raise the party members' standard of living. Protectionism and economic self-sufficiency, labor union pressure and compulsion, labor legislation, minimum wage rates, public spending, credit expansion, subsidies, and other makeshifts are always recommended by their advocates as the most suitable or the only means to increase the real income of the people for whose votes they canvass. Every contemporary statesman or politician invariably tells his voters: My program will make you as affluent as conditions may permit, while my adversaries' program will bring you want and misery. Ludwig Von Mises
The decline of geography in academia is easy to understand: we live in an age of ever-increasing specialization, and geography is a generalist's discipline. Imagine the poor geographer trying to explain to someone at a campus cocktail party (or even to an unsympathetic adminitrator) exactly what it is he or she studies. "Geography is Greek for 'writing about the earth.' We study the Earth.""Right, like geologists."" Well, yes, but we're interested in the whole world, not just the rocky bits. Geographers also study oceans, lakes, the water cycle.."" So, it's like oceanography or hydrology."" And the atmosphere."" Meteorology, climatology.."" It's broader than just physical geography. We're also interested in how humans relate to their planet."" How is that different from ecology or environmental science?"" Well, it encompasses them. Aspects of them. But we also study the social and economic and cultural and geopolitical sides of--"" Sociology, economics, cultural studies, poli sci."" Some geographers specialize in different world regions."" Ah, right, we have Asian and African and Latin American studies programs here. But I didn't know they were part of the geography department."" They're not."( Long pause.)" So, uh, what is it that do study then? . Ken Jennings
At a conservative estimate, there are probably a million men and women in their twenties and thirties who would happily work long hours doing what most needs to be done, if they were paid something for it. Philip Slater
Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulatesriches. Ludwig Von Mises
Therefore it is not arrogance or narrow-mindedness that leads the economist to discuss these things from the standpoint of economics. No one, who is not able to form an independent opinion about the admittedly difficult and highly technical problem of calculation in the socialist economy, should take sides in the question of socialism versus capitalism. No one should speak about interventionism who has not examined the economic consequences of interventionism. An end should be put to the common practice of discussing these problems from the standpoint of the prevailing errors, fallacies, and prejudices. It might be more entertaining to avoid the real issues and merely to use popular catchwords and emotional slogans. But politics is a serious matter. Those who do not want to think its problems through to the end should keep away from it. . Ludwig Von Mises
Without exception all political parties promise their supporters a higher real income. There is no difference in this respect between nationalists and internationalists and between the supporters of a market economy and the advocates of either socialism or interventionism. If a party asks its supporters to make sacrifices for its cause, it always explains these sacrifices as the necessary temporary means for the attainment of the ultimate goal, the improvement of the material well-being of its members. Each party considers it as an insidious plot against its prestige and its survival if somebody ventures to question the capacity of its projects to make the group members more prosperous. Each party regards with a deadly hatred the economists embarking upon such a critique. Ludwig Von Mises
The ICC [Interstate Commerce Commission] illustrates what might be called the natural history of government intervention. A real or fancied evil leads to demands to do something about it. A political coalition forms consisting of sincere, high-minded reformers and equally sincere interested parties. The incompatible objectives of the members of the coalition (e.g., low prices to consumers and high prices to producers) are glossed over by fine rhetoric about “the public interest, ” “fair competition, ” and the like. The coalition succeeds in getting Congress (or a state legislature) to pass a law. The preamble to the law pays lip service to the rhetoric and the body of the law grants power to government officials to “do something.” The high-minded reformers experience a glow of triumph and turn their attention to new causes. The interested parties go to work to make sure that the power is used for their benefit. They generally succeed. Success breeds its problems, which are met by broadening the scope of intervention. Bureaucracy takes its toll so that even the initial special interests no longer benefit. In the end the effects are precisely the opposite of the objectives of the reformers and generally do not even achieve the objectives of the special interests. Yet the activity is so firmly established and so many vested interests are connected with it that repeal of the initial legislation is nearly inconceivable. Instead, new government legislation is called for to cope with the problems produced by the earlier legislation and a new cycle begins. . Milton Friedman
What should have died along with communism is the belief...
What should have died along with communism is the belief that modern societies can be run on a single principle, whether that of planning under the general will or that of free-market allocations. Charles Taylor
Social security isn’t a ponzi scheme. It’s not bankrupting us....
Social security isn’t a ponzi scheme. It’s not bankrupting us. It’s not an outrage. It is working. Rachel Maddow
The rich control our politics to a huge extend. In...
The rich control our politics to a huge extend. In return they get tax cuts and deregulation. It's been and is an amazing ride for the rich. Jeffrey D. Sachs
Considering what is at stake politically, economically and technically for most organizations; usually justifying IT governance deployment based on one viewpoint narrows suitability and expected benefits. Unknown
People must learn that the accumulation of wealth by the successfulconduct of business is the corollary of the improvement of their own standard ofliving and vice versa. They must realize that bigness in business is not an evil, but both the cause and effect of the fact that they themselves enjoy all those amenitieswhose enjoyment is called the “American way of life. Ludwig Von Mises
In the market economy the consumers are supreme. Consumers determine, by theirbuying or abstention from buying, what should be produced, by whom and how, ofwhat quality and in what quantity. The entrepreneurs, capitalists, and landowners whofail to satisfy in the best possible and cheapest way the most urgent of the not yetsatisfied wishes of the consumers are forced to go out of business and forfeit theirpreferred position. In business offices and in laboratories the keenest minds are busyfructifying the most complex achievements of scientific research for the production ofever better implements and gadgets for people who have no inkling of the scientifictheories that make the fabrication of such things possible. The bigger an enterprise is, the more it is forced to adjust its production activities to the changing whims andfancies of the masses, its masters. The fundamental principle of capitalism is massproduction to supply the masses. It is the patronage of the masses that makesenterprises grow into bigness. The common man is supreme in the market economy. He is the customer “who is always right. Ludwig Von Mises
The social function of economic science consists precisely in developing soundeconomic theories and in exploding the fallacies of vicious reasoning. In the pursuit ofthis task the economist incurs the deadly enmity of all mountebanks and charlatanswhose shortcuts to an earthly paradise he debunks. The less these quacks are able toadvance plausible objections to an economist’s argument, the more furiously do theyinsult them. Ludwig Von Mises
What these men represented was not 'The West' but what was for this century a relatively new kind of monied class in America, a group devoid of social responsibilities because their ties to any one place had been so attenuated. Joan Didion
In 1980 candidate Reagan asked whether we were better off...
In 1980 candidate Reagan asked whether we were better off than we had been 4 years earlier. In 1992 we will be asked whether we expect our children to live better than we do. Frank Levy
Economics is a political argument. It is not — and can never be — a science; there are no objective truths in economics that can be established independently of political, and frequently moral, judgements. Therefore, when faced with an economic argument, you must ask the age-old question ‘Cui bono?’ (Who benefits?), first made famous by the Roman statesman and orator Marcus Tullius Cicero. HaJoon Chang
...poor countries are poor because those who have power make choices that create poverty. They get it wrong not by mistake or ignorance but on purpose. To understand this, you have to go beyond economics and expert advice on the best thing to do and, instead, study how decisions actually get made, who gets to make them, and why those people decide to do what they do. Daron Acemoglu
The world I grew up in was a brutal one. The murder rate was once seven people for every hundred thousand. The average American on minimum wage could barely afford to keep themselves alive on canned food. Millions died over private oil fortunes. Wealthy men and women ran the world for profit. Fools and charlatans got into our Parliaments and set the world on fire. We had everything on paper - checks, balances, freedom, democracy - and yet to live was to be a slave. . Yudhanjaya Wijeratne
I have heard that all ideas of equality are visionary–that they can never be realized–and I believe it. But surely, though there must be hewers of wood, and drawers of water, they ought to have the absolute necessaries of life. Charlotte Turner Smith
Rather than street crime, I argue that a better analogy is to voting. Having a high opportunity cost of time–resulting, say, from a high-paying job and a good education–should discourage people from voting, yet it is precisely those with a high opportunity cost of time who tend to vote. Why? Because they care about influencing the outcome and consider themselves sufficiently well informed to want to express their opinions. Terrorists also care about influencing political outcomes. Instead of asking who has a low salary and few opportunities, to understand what makes a terrorist we should ask: Who holds strong political views and is confident enough to try to impose their extremist vision by violent means? Most terrorists are not so desperately poor that they have nothing to live for. Instead they are people who care so deeply and fervently about a cause that they are willing to die for it. Alan B. Krueger
There are only two problems in my life. The political...
There are only two problems in my life. The political ones are insoluble and the economic ones are incomprehensible. Alec DouglasHome
I sometimes refer to economics as a woman. To me...
I sometimes refer to economics as a woman. To me the subject was always a she. People would ask me why. Easy. She's obviously a woman: all the men are trying to do her, and mostly they're failing. Frances Weetman
A woman's income appeal is a bell-shaped curve: men do...
A woman's income appeal is a bell-shaped curve: men do not want to date low-earning women, but once a woman starts earning too much, they seem to be scared off. Steven D. Levitt
Wealth, in even the most improbable cases, manages to convey the aspect of intelligence. John Kenneth Galbraith
The United States of America was a pirate nation for the first one hundred years of its existence, ripping off the patents and trademarks of the imperial European powers it had liberated itself from by blood. By keeping their GDP at home, the U.S. revolutionaries were able to bootstrap their nation into an industrial powerhouse. Now, it seems, their descendants are bent on ensuring that no other country can pull the same trick off. . Cory Doctorow
The appeal to the intellectually insecure is also more important than it might seem. Because economics touches so much of life, everyone wants to have an opinion. Yet the kind of economics covered in the textbooks is a technical subject that many people find hard to follow. How reassuring, then, to be told that it is all irrelevant -- that all you really need to know are a few simple ideas! Quite a few supply-siders have created for themselves a wonderful alternative intellectual history in which John Maynard Keynes was a fraud, Paul Samuelson and even Milton Friedman are fools, and the true line of deep economic thought runs from Adam Smith through obscure turn-of-the-century Austrians straight to them. . Paul Krugman
Because of the collapsing economy of America, it is nearly a mathematical certainty that this ship will soon flounder. Nicholas Notarberardino
For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number--for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs--jobs that will mean more goods and services to consume. Milton Friedman
As technology accumulates and people in more parts of the planet become interdependent, the hatred between them tends to decrease, for the simple reason that you can't kill someone and trade with him too. Steven Pinker
The war has ended with every one owing every one else immense sums of money. Germany owes a large sum to the Allies, the Allies owe a large sum to Great Britain, and Great Britain owes a large sum to the United States. The holders of war loan in every country are owed a large sum by the States, and the States in its turn is owed a large sum by these and other taxpayers. The whole position is in the highest degree artificial, misleading, and vexatious. We shall never be able to move again, unless we can free our limbs from these paper shackles. John Maynard Keynes
Our attitude to these criticisms must be determined by our whole moral and emotional reaction to the future of international relations and the Peace of the World. John Maynard Keynes
Your money myth affects your gain and luck. In economics, illusion of money affects wealth. Toba Beta
The rule of money is it must be earned. Rand McGreal
Evening work is economical. Power comes most cheaply by night. Alan Moore
A revolutionary war of freedom, he said” Hiawatha responded crisply, “and I agree… does Superman ever fly to Thailand and free the kids slaving in the sweat shops owned by the rich corporations? No, he doesn’t. Does Batman ever break into prison and free the wrongfully convicted and over sentenced black man whose rights were trampled on when he was incarcerated? No, he doesn’t. Does Spider man ever break into a house in suburbia and beat up the abusive and violent husband? No, he doesn’t.” “Do the Fantastic Four ever fly out to third world countries and defend the rights of the poor civilians against greedy American corporations? No, they don’t, ” said the Pirate, not to be outdone. “They’re all just tools used by the state to maintain the status quo, ” said Hiawatha. . Arun D. Ellis
Since its appearance the view that prostitution is a product of capitalism has gained ground enormously. And as, in addition, preachers still complain that the good old morals have decayed, and accuse modern culture of having led to loose living, everyone is convinced that all sexual wrongs represent a symptom of decadence peculiar to our age. Ludwig Von Mises
Many find in sex and economics the meaning of life and the reason of it all. The consequence of this is that the goal of life for many has become a relief of tension. Sachindra Kumar Majumdar
Feminists know that if women are paid equal wages for equal work, women will gain sexual as well as economic independence. But feminists have refused to face the fact that in a woman-hating social system, women will never be paid equal wages. Men in all their institutions of power are sustained by the sex labor and sexual subordination of women. The sex labor of women must be maintained; and systematic low wages for sex-neutral work effectively force women to sell sex to survive. The economic system that pays women lower wages than it pays men actually punishes women for working outside marriage or prostitution, since women work hard for low wages and still must sell sex. The economic system that punishes women for working outside the bedroom by paying low wages contributes significantly to women's perception that the sexual serving of men is a necessary part of any woman's life: or how else could she live? Feminists appear to think that equal pay for equal work is a simple reform, whereas it no reform at all; it is revolution. Feminists have refused to face the fact that equal pay for equal work is impossible as long as men rule women, and right-wing women have refused to forget it. . Andrea Dworkin
Extreme inequality and financial crisis usually coincide. But the elite who cause it usually come out OK. And they are usually man. Unknown
Whether women work in the care sector because the wages are low or whether wages are low because women work there is a question that cannot be answered. But we know that a big reason for economic inequality is that women to a much greater extent work with care. Unknown
Actually, the idea of economic man is an efficient way of excluding women. We have historically allocated women certain activities and said that she must do them because she is a woman. Then we create an economic theory that states that these activities have no economic meaning. Unknown
The Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom. Ludwig Von Mises
A society can be Pareto optimal and still perfectly disgusting. Amartya Sen
This is a great trap of the twentieth century: on one side is the logic of the market, where we like to imagine we all start out as individuals who don't owe each other anything. On the other is the logic of the state, where we all begin with a debt we can never truly pay. We are constantly told that they are opposites, and that between them they contain the only real human possibilities. But it's a false dichotomy. States created markets. Markets require states. Neither could continue without the other, at least, in anything like the forms we would rec­ognize today. . David Graeber
The problem with gross domestic product is the gross bit. There are no deductions involved: all economic activity is accounted as if it were of positive value. Social harm is added to, not subtracted from, social good. A train crash which generates £1bn worth of track repairs, medical bills and funeral costs is deemed by this measure as beneficial as an uninterrupted service which generates £1bn in ticket sales. . George Monbiot
In the Middle Ages there was no salvation outside the Church, and the theologians had a hard time explaining what God did with those pagans who were visibly virtuous or saintly. Similarly, in contemporary society effort is not productive unless it is done at the behest of a boss, and economists have a hard time dealing with the obvious usefulness of people when they are outside the corporate control of a corporation, volunteer agency, or labour camp. Ivan Illich
The dream of a planned, fair, moral, ethical, cash-free society remains strong, particularly among socialists and liberals. It clearly represents a fundamental human instinct. But feudalism just did not work very well, if only because powerful people will not always obey moral imperatives. Terence Kealey
The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum–even encourage the more critical and dissident views. That gives people the sense that there’s free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate. Noam Chomsky
People above the line of bare subsistence in this age, and in all earlier ages, do not use the surplus which society has given them primarily for useful purposes. They do not seek to expand their lives, to live more wisely, intelligently, understandingly, but to impress other people with the fact that they have a surplus. Stuart Chase
We should look closely on what is happening at the moment, guys with little moustaches can pop up everywhere now given this instable economic situation. A look into history shows us what that could mean. Steve Keen
It seems to be almost a law of human nature that it is easier for people to agree on a negative programme, on the hatred of an enemy, on the envy of those better off, than on any positive task. The contrast between the "we" and the "they", the common fight against those outside the group, seems to be an essential ingredient in any creed which will solidly knit together a group for common action. It is consequently always employed by those who seek, not merely support of a policy, but the unreserved allegiance of huge masses. From their point of view it has the great advantage of leaving them greater freedom of action than almost any positive programme. . Friedrich A. Hayek
The most effective way of making people accept the validity of the values they are to serve is to persuade them that they are really the same as those which they, or at least the best among them, have always held, but which were not properly understood or recognised before. Friedrich A. Hayek
One of the most momentous, yet all but invisible, psychological changes in human history has been the intensification of a sense of insecurity and alienation from the world around us that arose when we became no longer able easily to get food in a few hours just by gathering it, or hunting it, but had to organize ourselves in a purposeful fashion simply to survive. This change is undocumented, though occasional clues can be gained about it from the comments of the few still alive who have lived through a version of it, such as old Australian Aboriginals. Its essence is subjection to a pervasive but unacknowledged, indeed unnamed, fear. It is the foundation of civilization. . Mark Elvin
The real problems of our planet are not economic or technical, they are philosophical. The philosophy of unbridled materialism is being challenged by events. Ernst F. Schumacher
Man is smart - If money would have grown on trees, we would have used green leaves as money. Amit Kalantri
Facing a deteriorating economy and a weakening hold over the populace, the Iraqi state under Saddam Hussein opted to revitalize tribal leaders and conservative practices as a means of stabilizing state power; those conservative practices were not an inherent feature of a predominantly Muslim country. Nadje AlAli
1 billion people in the world are chronically hungry. 1 billion people are overweight. Mark Bittman