Jim Stanford: Economics

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

Jim Stanford: 42 quotes0 likes

“Never trust an economist with your job. Learn about economics yourself. And make up your own mind about what might protect your job – and what might destroy it.”

Introduction, Why Study Economics?, p. 5
Economics For Everyone (2008)

“Economics is a social science, not a physical science.”

Part 1, Chapter 1, The Economy and Economics, p. 23
Economics For Everyone (2008)

“Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.”

Part 1, Chapter 3, Economic History, p. 43
Economics For Everyone (2008)

“Proving that profit is economically and morally justifiable, rather then the result of exploitation, has been a central preoccupation of neoclassical economists.”

Part 1, Chapter 4, The Politics of Economics, p. 57
Economics For Everyone (2008)

“Kalecki thus precisely predicted the economic and political U-turn that occurred with the advent of neoliberalism. Kalecki also argued that fundamental institutional changes, especially regarding wage-setting and other aspects of the employment relationship, would be essential if full employment was to be sustained.”

Part 2, Chapter 8, Workers and Bosses, p. 104
Economics For Everyone (2008)

“One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.”

Part 3, Chapter 14, Dividing the Pie, p. 168
Economics For Everyone (2008)