“d) Difference between the approved budget for the contract and the contract bid price. Savings may also result from unused compensation and related costs arising from unfilled, vacant or abolished position, non-entitlement to allowance and benefits, and leaves of absences without pay.”

— Francis Escudero

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Adopted from Wikiquote. Last update June 3, 2021. History

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Francis Escudero 354

Filipino politician 1969

Richard Sandbrook (1946–2005) environmentalist

Source: The State and Economic Stagnation in Tropical Africa, p. 320

“The fundamental idea of transaction costs is that they consist of the cost of arranging a contract ex ante and monitoring and enforcing it ex post, as opposed to production costs, which are the costs of executing a contract.”

R. C. O. Matthews (1927–2010) British economist

Source: "The Economics of Institutions and the Sources of Growth." 1986, p. 904; as cited in Eggertsson (1990; 14)

“The spectator, we might put it, contracts by infection the characteristic disease of the actor, the attenuation of selfhood that results from impersonation.”

Lionel Trilling book Sincerity and Authenticity

Source: Sincerity and Authenticity (1972), p. 64

“Decisions in the American Courts are entitled to great respect, but are not binding here; and there are many circumstances affecting questions arising between the laws of different States which may or may not be applicable to questions arising here.”

Arthur Kekewich (1832–1907) British judge

In re De Nicols. De Nicols v. Curlieb (1898), L. R. 1 C. D. [1898], p. 410.

“The "social contract," in the only sense in which it is not completely mythical, is a contract among conquerors, which loses its raison d'être if they are deprived of the benefits of conquest.”

Bertrand Russell (1872–1970) logician, one of the first analytic philosophers and political activist

Source: 1930s, Power: A New Social Analysis (1938), Ch. 12: Powers and forms of governments

“In fall 1967, I was given leave of absence by the National Public Affairs Research Foundation to move to Redondo Beach, California, to work on a short-term research contract with TRW.”

Preston Manning book The New Canada

Source: The New Canada (1992), Chapter Three, Adventures in the Marketplace, p. 55

“Morality is either a social contract or you have to pay cash.”

Stanisław Jerzy Lec book Unkempt Thoughts

p, 125
Unkempt Thoughts (1957)

“In the ever-expanding universe of Pentagon contracting, cost is never the problem, public exposure is.”

Jeffrey St. Clair (1959) American journalist

The Making of Halliburton https://www.counterpunch.org/2005/07/14/the-making-of-halliburton/ (July 14, 2005), CounterPunch.

“The contraction from 1929 to 1933 was by far the most severe business-cycle contraction during the near-century of U. S. history we cover and it may well have been the most severe in the whole of U. S. history.”

Anna Schwartz book A Monetary History of the United States

"The Great Contraction, 1929-1933" (1963), with Milton Friedman
A Monetary History of the United States (1963)

Milton Friedman book A Monetary History of the United States

"The Great Contraction, 1929-1933" (1963), with Anna J. Schwartz
A Monetary History of the United States (1963)

“d) Difference between the approved budget for the contract and the contract bid price. Savings may also result from unused compensation and related costs arising from unfilled, vacant or abolished position, non-entitlement to allowance and benefits, and leaves of absences without pay.”

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Francis Escudero 354

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