Jim Stanford: Day

Jim Stanford is Canadian economist. Explore interesting quotes on day.

Jim Stanford: 42 quotes0 likes

“Indeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-Mart, communism would probably still exist!”

Part 5, Chapter 27, Replacing Capitalism?, p. 328
Economics For Everyone (2008)

“Capitalism, in contrast, has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed for two minutes.”

Part 1, Chapter 2, Capitalism, p. 33
Economics For Everyone (2008)

“This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day (a very high wage at the time) so they could afford to buy the same cars they made, is often invoked.”

Part 3, Chapter 13, Employment and Unemployment, p. 158
Economics For Everyone (2008)