Pop Internationalism (1996), Competitiveness: A Dangerous Obsession (1994)
“Marx, although a man of broad knowledge, had one blind spot: he was ignorant of the true character of economics. He did not realize that economics can only be understood in close relationship to the other humanities (and certain sciences), and therefore should not be studied in vacuo. Ironically, this very weakness was largely instrumental in making Marxism successful. Marxist economics—yet another instance of a false but clear idea—can be explained to the merest child in a matter of minutes. (Conversely, to explain the workings of the free market economy to an adult would take weeks of hard work.) Because it was easily grasped, Marxism flooded the world within a few decades, as had other simplistic ideologies and religions, such as Islam and the Enlightenment; this same sort of simplicity gave rise to the French Revolution and national socialism. Christianity, on the other hand, took three centuries to triumph.”
Source: Leftism Revisited (1990), p. 337
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Erik von Kuehnelt-Leddihn 22
Austrian noble and political theorist 1909–1999Related quotes
“An economic system which can only expand or expire must be false to all that is human.”
Source: Desert Solitaire
Introduction
Naked Economics (rev. and updated ed., 2010)
An Essay on the nature and significance of Economic Science (1932), Chapter I: The Subject Matter of Economics
Context: The economist studies the disposal of scarce means. He is interested in the way different degrees of scarcity of different goods give rise to different ratios of valuation between them, and he is interested in the way in which changes in conditions of scarcity, whether coming from changes in ends or changes in means—from the demand side or the supply side—affect these ratios. Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses.
Preface, p. xii
The Political Economy of International Relations (1987)
“Coventry”, pp. 500-501; originally published in Astounding Science Fiction (July 1940)
Short fiction, The Past Through Tomorrow (1967)
The Harsh Reality Of Regulating Overtime Pay http://www.forbes.com/sites/realspin/2016/05/18/the-harsh-reality-of-regulating-overtime-pay/#22d4f5c12321 (May 18, 2016)
Source: "The economics of information," 1961, p. 213 ; lead paragraph
His listeners nodded unhappily.
“So everything is expanding. But it can’t happen in contradiction to the law of conservation of matter-energy. No matter how efficient your throughput is, you can’t get an output larger than the input.”
Source: Green Mars (1993), Chapter 2, “The Ambassador” (pp. 76-77)