Quotes about economics (3228 quotes, page 21)

“On Earth one of the things that a large proportion of the locals is most proud of is this wonderful economic system, which, with a sureness and certainty so comprehensive one could almost imagine the process bears some relation to their limited and limiting notions of either thermodynamics or God, all food, comfort, energy, shelter, space, fuel, and sustenance gravitates naturally and easily away from those who need it most and towards those who need it least. Indeed, those on the receiving end of such largesse are often harmed unto death by its arrival, though the effects may take years and generations to manifest themselves.”

Iain Banks (1954–2013) Scottish writer

“State of the Art” (p. 136)
Short fiction, The State of the Art (1991)

Death , God , Food , Imagination

“Our only "crime" is that in Bucharest we did not agree that a fraternal communist party like the Chinese Communist Party should be unjustly condemned; our only "crime" is that we had the courage to oppose openly, at an international communist meeting (and not in the marketplace) the unjust action of Comrade Khrushchev, our only "crime" is that we are a small Party of a small and poor country which, according to Comrade Khrushchev, should merely applaud and approve but express no opinion of its own. But this is neither Marxist nor acceptable. Marxism-Leninism has granted us the right to have our say and we will not give up this right for any one, neither on account of political and economic pressure nor on account of the threats and epithets that they might hurl at us. On this occasion we would like to ask Comrade Khrushchev why he did not make such a statement to us instead of to a representative of a third party. Or does Comrade Khrushchev think that the Party of Labor of Albania has no views of its own but has made common cause with the Communist Party of China in an unprincipled manner, and therefore, on matters pertaining to our Party, one can talk with the Chinese comrades? No, Comrade Khrushchev, you continue to blunder and hold very wrong opinions about our Party. The Party of Labor of Albania has its own views and will answer for them both to its own people as well as to the international communist and workers' movement.”

Enver Hoxha (1908–1985) the Communist leader of Albania from 1944 until his death in 1985, as the First Secretary of the Party of L…

Speeches, Moscow Address

People , Courage , Thinking , Country

“Perhaps more striking is the accuracy of many of Marx’s best-known qualitative predictions about the tendencies of capitalist development: capitalism continues to conquer the globe; its effect is the gradual erasure of cultural and regional identities; growing economic inequality is the norm in the advanced capitalist societies; where capitalism triumphs, market norms gradually dominate all spheres of life, public and private; class position continues to be the defining determinant of political outlook; the dominant class dominates the political process which, in turn, does its bidding; and so on.”

Brian Leiter (1963) American philosopher and legal scholar

"The Hermeneutics of Suspicion: Recovering Marx, Nietzsche, and Freud"

Life

“Our daily life is no longer cursed by fear of those pestilences, plagues, black deaths, which used to devastate Europe. The layman has abolished those plagues by using the medical expert's knowledge. The medical expert has said in effect, "There are not many things that we are agreed upon, but at least we are agreed upon this: that though we cannot cure bubonic plague or cholera, we can prevent them, for we know that they are caused by microorganisms transmitted through water and vermin. Keep sewage from your drinking water and vermin from your homes, and you will prevent these plagues." The layman has seen the point, applied appropriate measures, and these dreadful pestilences have disappeared.
Now, if our publics these last twenty years could have grasped certain social truths, not inherently more difficult to understand than the microbic theory of disease, a large part at least of the economic and political pestilences which have come upon us in our generation would not have arisen.”

Norman Angell (1872–1967) British politician

Peace and the Public Mind (1935)

Life , Death , Truth , Fear

“No organism can afford to be conscious of matters with which it could deal at unconscious levels. Broadly, we can afford to sink those sorts of knowledge which continue to be true regardless of changes in the environment, but we must maintain in an accessible place all those controls of behavior which must be modified for every instance. The economics of the system, in fact, pushes organisms toward sinking into the unconscious those generalities of relationship which remain permanently true and toward keeping within the conscious the pragmatic of particular instances.”

Gregory Bateson book Steps to an Ecology of Mind

Source: Steps to an Ecology of Mind (1972), p. 143, as cited in: Lawrence S. Bale (1992) " Gregory Bateson’s Theory of Mind: Practical Applications to Pedagogy http://www.narberthpa.com/Bale/lsbale_dop/gbtom_patp.pdf". November 1992. p. 20

Behavior , Knowledge , Change

“The economic and social theories used by those who take part in the social struggle ought to be judged not by their objective value but primarily for their effectiveness in arousing emotions. The scientific refutation of them which can be made is useless, however correct it may be objectively.”

Vilfredo Pareto book Manual of Political Economy

page 94.
Manual of Political Economy

Parting

“For these anticipations determine the behaviour of the economic subjects and consequently those changes in the whole price system which during a period actually occur as a result of the actions of individuals.”

Gunnar Myrdal (1898–1987) Swedish economist

Source: Monetary Equilibrium (1939), p. 121

Change

“In Stage I, divorces were not allowed, so men's [sexual] affairs did not put women's economic security in jeopardy; in Stage II, affairs could lead to divorce, so men's affairs did place women's economic security in jeopardy. We did not want political leaders who would be role models for behavior that would put women's economic security in jeopardy.”

Warren Farrell book The Myth of Male Power

Source: The Myth of Male Power (1993), Part 1: The Myth of Male Power, p. 63.

Women , Men , Behavior

“The economic and technological achievements of industrialization in this period were fundamentally mistaken. …based upon plundering the natural capital of the globe that was created over millions of years: the plundering of the soils and their fertility; the plundering of human communities whether they were our own or someone else's.”

Carroll Quigley (1910–1977) American historian

Oscar Iden Lecture Series, Lecture 3: "The State of Individuals" (1976)

Communication , Nature

“What is this free enterprise system? It is the law of the jungle applied to economics. It is the law of every man for himself, as the elephant said when he was dancing among the chickens. That is not a bad philosophy if, like the hon. member for York - Sunbury, you happen to be in the elephant class, but it is likely to be depressing if you are a farmer or worker, and belong in the chicken group. Free enterprise means unrestricted competition; the race to the swift and the battle to the strong; nature red in tooth and claw.”

Tommy Douglas (1904–1986) Scottish-born Canadian politician

Budget Debate, House of Commons, Ottawa, Ontario, March 22, 1943.

Law , Nature , Strong , Dance

“We must establish the ecological bounds on human activity. We must tackle the systemic inequalities which undermine social progress. We must fix the illiterate economics of relentless growth […] A different economics is achievable. A better and fairer social logic lies within our grasp.”

Tim Jackson book Prosperity Without Growth

Prosperity Without Growth: Foundations for the Economy of Tomorrow, 2017 edition, Routledge, page 227.
Prosperity Without Growth

“Property rights, governance structures and rules of exchange are arenas in which modern states establish rules for economic actors. States provide stable and reliable conditions under which firms organize, compete, cooperate and exchange. The enforcement of the laws affects what conceptions of control can produce stable markets. There are political contests over the content of laws, their applicability to given firms and markets, and the extent and direction of state intervention into economy. Such laws are never neutral. They favor certain groups of firms.”

Neil Fligstein (1951) American sociologist

Source: Markets as politics: A political-cultural approach to market institutions, 1996, p. 657

Law

“Despite the Internet's origin in the late 1960s as a government sponsored means of communication between the Department of Defense, private industry, and academia, it has been at its best — and generated the greatest economic, social, and technological benefits — since it was 'liberated' by the hordes of 'geeks' who were originally hired to run it by employers who were not themselves conversant with computers, and couldn't tell when their employees were exchanging official traffic or trading dirty jokes and recipes for marijuana brownies.”

L. Neil Smith (1946) American writer

"Keep Your Filthy Hands Off The Internet" http://www.ncc-1776.org/tle2010/tle575-20100620-02.html 20 June 2010.

Communication , Marijuana

“The Japanese people, since the war, have undergone the greatest reformation recorded in modern history. With a commendable will, eagerness to learn, and marked capacity to understand, they have, from the ashes left in war's wake, erected in Japan an edifice dedicated to the supremacy of individual liberty and personal dignity; and in the ensuing process there has been created a truly representative government committed to the advance of political morality, freedom of economic enterprise, and social justice. Politically, economically, and socially Japan is now abreast of many free nations of the earth and will not again fail the universal trust… I sent all four of our occupation divisions to the Korean battlefront without the slightest qualms as to the effect of the resulting power vacuum upon Japan. The results fully justified my faith. I know of no nation more serene, orderly, and industrious, nor in which higher hopes can be entertained for future constructive service in the advance of the human race.”

Douglas MacArthur (1880–1964) U.S. Army general of the army, field marshal of the Army of the Philippines

1950s, Farewell address to Congress (1951)

War , People , Faith , Justice

“Broadly stated, the task is to replace the global rationality of economic man with a kind of rational behavior that is compatible with the access to information and the computational capacities that are actually possessed by organisms, including man, in the kinds of environments in which such organisms exist.”

Herbert A. Simon (1916–2001) American political scientist, economist, sociologist, and psychologist

Simon (1955) "A behavioral model of rational choice", The Quarterly Journal of Economics, Vol. 69 (1); As cited in: Gustavo Barros (2010, p. 462).
1940s-1950s

Behavior

“Modern monopolist capitalism on a world-wide scale — imperialist wars are absolutely inevitable under such an economic system, as long as private property in the means of production exists.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

Imperialism, The Highest Stage of Capitalism (1917)

War , World

“We cannot have peace if we are only concerned with peace. War is not an accident. It is the logical outcome of a certain way of life. If we want to attack war, we have to attack that way of life.
Disarmament cannot be achieved nor can the problem of war be resolved without being accompanied by profound changes in the economic order and the structure of society.”

A. J. Muste (1885–1967) Christian pacifist and civil rights activist

As quoted in Our Generation Against Nuclear War (1983) by Dimitrios I. Roussopoulos.

Life , War , Peace , Way

“The case of Otto Neurath, first author of the Vienna Circle's manifesto, is a revealing one. In the years before the First World War, the young Austrian economist became interested in eugenics, translating (with his wife, Anna Schapire-Neurath) Francis Gallon's Hereditary Genius for the first time into German. His most important early work, however, was his analysis of the war economy. War economics, in his view, was a science with well-defined laws and principles which, like ballistics, are "independent of whether one is for or against the use of guns."”

Robert N. Proctor (1954) American historian

Source: Value-free science?: Purity and power in modern knowledge, 1991, p. 168

War , World , Law , Science

“Early in 1954 I was appointed Lecturer in Economics at the University of Queensland in Brisbane. Then, in 1956, I was awarded a Rockefeller Fellowship, enabling me and Anne to spend two years at Stanford University, where I got a Ph. D. in economics, whereas Anne got an M. A. in psychology. I had the good fortune of having Ken Arrow as advisor and as dissertation supervisor. I benefitted very much from discussing many finer points of economic theory with him. But I also benefitted substantially by following his advice to spend a sizable part of my Stanford time studying mathematics and statistics. These studies proved very useful in my later work in game theory.”

John Harsanyi (1920–2000) hungarian economist

"John C. Harsanyi - Biographical," 1994

Game , Mathematics , Study , Universe

“What makes economics different from and inferior to other sciences is the tenacity with which it holds to its core beliefs in the face of either contrary factual evidence or theoretical critiques that establish fundamental inconsistencies in its intellectual apparatus.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 7, There Is Madness In Their Method, p. 158

Science

“My mind is ever toying with economic ideas and relationships. Great novelists and poets have reported occasional abandonment by their muse. The well runs dry, permanently or on occasion. Mine has been a better luck. As I have written elsewhere, there is a vast inventory of topics and problems floating in the back of my mind. More perhaps than I shall ever have occasion to write up for publication. A result that I notice in statistical mechanics may someday help resolve a problem in finance.”

Paul A. Samuelson (1915–2009) American economist

February 1985, in William Breit and Roger W. Spencer (ed.) Lives of the laureates
1980s–1990s

Idea , Problem , Help

“For the next few years times will not be normal. Perhaps people have used the words 'economic crisis' too often in the past. They have shouted 'wolf, wolf' when the animal was more akin to a rather disagreeable Yorkshire terrier. But not now. The crisis that faces us is infinitely more serious than any of the crises we have faced over the past 20 years…With its usual spirit of patriotism and its tradition of service to the community's needs, it is coming to realize that, for the time being at least, the party is over…We are not calling for a headlong retreat. But we are calling for a standstill.”

Anthony Crosland (1918–1977) British politician

Speech in Manchester Town Hall (9 May 1975), quoted in Christopher Warman, 'Councils are told to curb rise in spending', The Times (10 May 1975), p. 1

People , Communication , Wolf , Time

“Politics is a dirty business, a ruse, an ideological cul-de-sac, a vast looter of intellectual and financial resources, a lie that corrupts, a deceiver, a means of unleashing vast evil in the world of the most unexpected and undetected sort and the greatest diverter of human productivity ever concocted by those who do not believe in authentic social and economic progress.”

Jeffrey Tucker (1963) American writer

Lie , World , Business , Evil

“As is often the case with major disputes in economics, the argument over fiscal policy went on for years, with some critics of fiscal policy still defending their position when this book went to press. It seems fair, however, to say that among economists a more or less Keynesian view of the effects of fiscal policy came to prevail. Careful statistical studies at the International Monetary Fund and else where showed that austerity policies have historically been followed by contraction, not expansion. Recent experience, in which countries like Spain and Greece that were forced into severe austerity also experienced severe slumps, seemed to confirm that observation. Furthermore, it was clear that those who had predicted a sharp rise in U. S. interest rates due to budget deficits, leading to conventional crowding out, had been wrong: U. S. long-term interest rates remained near record lows even during the years from 2009 to 2012, when the government ran very large deficits.”

Paul Krugman (1953) American economist

Source: Economics (4th ed., 2015), Chapter 33. Macroeconomics: Events and Ideas

Books , Study , Country

“It is important that we continue to strengthen our economic and political progress. We can achieve this only if we can make an effort to face our past to allow relief and dignity for those who have experienced violations and to ensure that that pain is acknowledged. The root cause to our experience must also be effectively dealt with. This will involve all of us right across our society.”

Josefa Iloilo (1920–2011) President of Fiji

Fiji Day address, 10 October 2005 (excerpts)

Pain , Effort , Past

“I think we're going to demonstrate the power of one-to-one computer access that's going to transform education. … The economic future will belong to the technologically adept.”

Angus King (1944) United States Senator from Maine

On his program to purchase iBook computers for Maine public schools, as quoted in "Maine Students Hit the iBooks" by Katie Dean in WIRED (9 January 2002) https://archive.is/20130630155629/www.wired.com/gadgets/mac/commentary/cultofmac/2002/01/49046

Education , Thinking , Future

“Myth. Rape is a manifestation of male political and economic power. Fact. Any given black man is three times as likely to be reported a rapist as a white man. Do blacks suddenly have more political and economic power? Maybe rape does not derive from power, but rather from powerlessness.”

Warren Farrell book The Myth of Male Power

Source: The Myth of Male Power (1993), Part III: Government as substitute husband, p. 310.

Time

“Natural selection, as it is actually used in evolutionary population biology, serves mainly as an optimization process. In fact, the reasoning that underlies much evolutionary biology often strikes social scientists as strongly reminiscent of neoclassical economics.”

Michael T. Hannan (1943) US-American sociologist of Stanford University

Source: Organizational ecology, 1989, p. 19

Optimism , Nature

“"The chief fault in English economists at the beginning of the [nineteenth] century was… that they did not see how liable to change are the habits and institutions of industry." Thus Marshall in his inaugural lecture as Professor of Political Economy in Cambridge, referring to Ricardo (Marshall 1885, p. 155). In the circumstances of that occasion, the remark may have been intended in some part as an olive branch, because the only other serious contender for the Chair had been the High Tory economic historian William Cunningham, Archdeacon of Ely, famous as an anti-theoretical institutionalist and famous also as a polemicist - he was the clergyman who once told his congregation that for him the bliss of Heaven would be incomplete if it lacked the pleasures of controversy.”

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

Source: "The Economics of Institutions and the Sources of Growth." 1986, p. 903

Pleasure , Change , Parting

“Prostitution is sexual violence that results in massive economic profit for some of its perpetrators. The sex industry, like other global enterprises, has domestic and international sectors, marketing sectors, a range of physical locations out of which it operates in each community, is controlled by many different owners and managers, and is constantly expanding as technology, law, and public opinion permit.”

Melissa Farley (1942) American psychologist

Prostitution, Trafficking, and Cultural Amnesia (2006)

Law , Sex , Communication

“To unstable money are to be traced nearly all our economic troubles since 1918: the unemployment of the inter-war period; the over-employment and scarcity of labour since the Second World War; the labour unrest incidental to perpetual wage demands; the hardships and dislocation caused by the declining value of small savings, annuities and endowments; the vexation of continual price rises even for those whose incomes on the whole keep pace with them; the collapse of the prices of Government securities through distrust of the unit in which they are valued.”

Ralph George Hawtrey (1879–1975) British economist

‘Foreword’ (1961) to A Century of Bank Rate (1962, 2nd ed.), p. xxii.
A Century of Bank Rate (1938)

Money , War , World

“However, in that autobiography Hobson did confess that he now thought that the emphasis on economic causation in Imperialism: A Study was overdone and that more emphasis should have been placed on the 'lust for power' with economic gains seen as a means of exercising power rather an end in themselves.”

Peter Cain (1958) figure skater

Source: J. A. Hobson's Imperialism: A Study: A Centennial Retrospective (2002), p. 3-4.

Exercises , Study

“Far-right states derive mass support from the perception of their success in dealing with internal or external enemies; economic matters, though certainly important, do not bear directly on state legitimacy as they do in far-left states.”

Brian Reynolds Myers (1963) American professor of international studies

Source: 2010s, North Korea's State Loyalty Advantage (December 2011)

Support , Success

“It is the welfare state that has made capitalism, with all its attendant benefits of economic growth, politically feasible…”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 359

“North Koreans can frequent black markets and still consider themselves good citizens, as was impossible in the communist East Bloc. So the situation now is more like Japan or Germany in 1944, say, than like East Germany in the 1980s. Widespread government corruption? Check. An entire population of economic criminals? Check. Constant griping about the state, the party, even some joking about the leader? Check. Even good Nazis had their Hitler jokes. A general readiness to fight for the state? Well, there’s certainly more readiness in the North than in the South.”

Brian Reynolds Myers (1963) American professor of international studies

2010s, Interview with Joshua Stanton (August 2017)

Fight

“The kind of economic trouble that Asia experienced a decade ago, and that we're all experiencing now, is precisely the sort of thing we thought we had learned to prevent. In the bad old days big, advanced economies with stable governments-like Britain in the 1920s-might have had no answer to prolonged periods of stagnation and deflation; but between John Maynard Keynes and Milton Friedman, we thought we knew enough to keep that from happening again.”

Paul Krugman (1953) American economist

Introduction
The Return of Depression Economics and The Crisis of 2008 (2009)

Learning

“Unlike pure theorists, we shall not assume at the outset that rational behavior exists or that rational behavior constitutes the topic of economic analysis. We shall study economic behavior as we find it. In describing and classifying different reactions, as well as the circumstances that elicit them, we shall raise the question whether and in what sense certain reactions may be called “rational.” After having answered that question and thus defined our terms, we shall study the fundamental problem: Under what conditions do more and under what conditions do less rational forms of behavior occur?”

George Katona (1901–1981) American psychologist

George Katona (1951). Psychological Analysis of Economic Behavior. McGraw-Hill, New York. p. 16; as cited in: Erik Angner and George Loewenstein. "Behavior economics," in: Philosophy of Economics, (2012), p. 657

Behavior , Question , Problem , Sense

“An estimated 5,000 economic, political, and religious groups operate in the United States alone at any given time, with 2.5 million members. Over the last ten years, cults have used tactics of coercive mind control to negatively impact an estimated 20 million victims in the last ten years. Worldwide figures are even greater.”

Margaret Singer book Cults in Our Midst

Dr. Margaret Singer, Cults in Our Midst
1990s

Time

“During late Autumn 1956, in connection with a marketing study, I forecast the imminence of a major U. S. economic recession, triggered by the over-stretching of a post-1954 credit-bubble centered in financing of automobiles, housing, and analogous consumer goods. This recession broke out in February 1957 statistics, and was generally, if reluctantly acknowledged to have occurred several months later. The recession-spiral lasted into mid-1958, and was followed by a prolonged stagnation until an upturn appeared under the Kennedy administration.”

Lyndon LaRouche (1922–2019) American political activist and founder of the LaRouche movement

"The Coming Disintegration of Financial Markets" (June 1994) http://spanish.larouchepac.com/static/about-larouche.html.

Autumn , Study , Appearance , Housing

“An explanation of the "institutional approach" to economic theory is a plea for a particular kind of theory. It is possible to come upon the same object from different angles; but more often those who take different routes chance upon different things. The "institutional approach" doubtless has some importance because it is a happy way to acceptable truth, but its significance lies in its being the only way to the right sort of theory. An appeal for "institutional economics" implies no attack upon the truth or value of other bodies of economic thought, but it is a denial of the claims of other systems of thought to be "economic theory." This, however, is no pointless struggle in method to be carried on by breaking syllogisms over concepts and by engaging in polemics over niceties in statement. On the contrary, it involves the very nature of the problems which the theorist should set himself; its real issue is over what economic theory is all about.”

Walton Hale Hamilton (1881–1958) Yale Law Professor

Source: The Institutional Approach to Economic Theory, 1919, p. 309: Introduction

Truth , Way , Nature , Problem

“I was studying agriculture, how to produce better chickens, better cattle, better horses — horses in those days — better fruit, better vegetables. This was in the early years of the Great Depression, and the thoughts crossed my mind that there wasn't a hell of a lot of use producing better crops and better livestock if you couldn't sell them, that the real problem of agriculture was not efficiency in production but the problem of whether you could make money after you produced the stuff. So I shifted from the technical side to, first, the study of agricultural economic issues and then on to economics itself.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

Booknotes interview (1994)

Money , Hell , Problem , Study

“Most proponents of a mandatory retirement age or term limits claim that we should amend the Constitution in order to alleviate the problems associated with life tenure. Their proposals implicitly reject an incentives approach to retirement because they assume that Justices will not act rationally in response to institutional modifications. In other words, both proposals are not only radical in their scope and represent substantial constitutional change, but they also rely on the remarkable proposition that Justices are fundamentally different from the rest of us in the way they approach economic decisions. There is little evidence to commend this view, and there is considerable empirical research to the contrary that supports Judge Posner’s thesis that Justices maximize the same thing everybody else does: their own utility.11 Put simply, legal scholars have not thought creatively about life tenure, shunning promising interdisciplinary approaches in favor of drastic constitutional change.”

David Stras (1974) American judge

The Incentives Approach to Judicial Retirement https://poseidon01.ssrn.com/delivery.php?ID=550083013021092016089124092101123109019053019081050000104123078004026111095112098007032035042036057108108088070117116005124105087007061001121113115101118119116088029023111029064077104010121092024068066031005116087002001031092011074124095102105073&EXT=pdf (October 25, 2005)

Life , Age , Justice , Way

“Hitler was ‘an enemy of free-market economics’ and a ‘reluctant dirigiste.”

Richard Overy (1947) British historian

Source: War and Economy in the Third Reich (1994), pp. 1–2

“An evil fate befall German efforts to defend the ideal of liberty in general and in the field of economics in particular, with the result that today I am almost the only survivor of a generation that set out in the wake of the First World War to devote all its energies to the preservation of a civilised society, a generation that set itself the task to build a better society in a systematic fashion and to learn to understand, an to some extent defend, a tradition that had civilised the world.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

"The Rediscovery of Freedom: Personal Recollections" (1983), published in The Fortunes of Liberalism (1992)
1980s and later

Fate , War , World , Fashion

“Macro-economic reform undermined the legal economy, reinforced illicit trade and contributed to the recycling of "dirty money" towards Peru's official and commercial creditors.”

Michel Chossudovsky (1946) Canadian economist

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 14, IMF Shock Treatment in Peru, p. 225

Money

“If one accepts that in general social services should be made available to all on the basis of ability to pay, one has the choice of two opposite principles of action, although they need not be mutually exclusive—either progressive taxation and free services or fees covering costs with remission for those who cannot afford them. The former method is appropriate, in my view, in rich developed countries where the principle of progressive taxation can be applied without unduly adverse economic or social results, and the wastes inherent in full and free services can be afforded. In less advanced or poorer countries, where neither economy nor society is geared to progressive taxation and waste cannot be tolerated, fees remittable in case of need seem to me clearly more appropriate.”

John James Cowperthwaite (1915–2006) British colonial administrator

February 26, 1964, page 54.
Official Report of Proceedings of the Hong Kong Legislative Council

Country

“The economic unity of the workers must first be effected before there can be any progress towards emancipation. The interests of the millions of wage workers are identical, regardless of nationality, creed, or sex, and if they will only open their eyes to this simple, self-evident fact, the greatest obstacle will have been overcome and the day of victory draw near.”

Eugene V. Debs (1855–1926) American labor and political leader

Working Class Politics (1910)

Sex , Victory , Drawing

“Legitimate economic expansions, financed by actual savings, do not need busts. It is only the inflation-induced varieties that sow the seeds of their own destruction.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“Geraldine: I've no idea who my father was.
Prentice: I'd better be frank, Miss Barclay. I can't employ you if you're in any way miraculous. It would be contrary to established practice. You did have a father?
Geraldine: Oh, I'm sure I did. My mother was frugal in her habits, but she'd never economize unwisely.”

Joe Orton (1933–1967) English playwright and author

What the Butler Saw (1969), Act I

Way , Idea

“Moving the human rights agenda forward requires the promotion of a social and economic environment conducive to respect for human dignity. It is patent that individuals subjected to violence, coercion and war cannot fully exercise their rights. It is thus important to reaffirm the credo of the Charter of the United Nations that peace is a condition for the enjoyment of all human rights. The human right to peace also has important economic, social and cultural components. Following the entry into force of the Optional Protocol to the International Covenant on Economic, Social and Cultural Rights on 5 May 2013, individuals can invoke violations before the Committee on Economic, Social and Cultural Rights. Thus, the right to, inter alia, health, a safe environment, food, water and education has acquired even more resonance in the life of each individual.”

Alfred de Zayas (1947) American United Nations official

United Nations General Assembly - Promotion of a democratic and equitable international order http://www.ohchr.org/Documents/Issues/IntOrder/A-68-284_en.pdf.
2013

Life , War , Health , Education

“Albertans are very competitive, and to a large extent are competing against themselves. They do not simply compare their economic and political standing with that of the other provinces, but they compare the Alberta that "is" with the Alberta that "could have been" or "could still be". In other words, part of western alienation stems from frustrated ambitions, unfulfilled expectations, an the tragedy of unrealized potentials-the crop that might have been if the hail had not come, the fortune that might have been made if the well had been drilled three miles farther north. Such sentiments deeply affect how many westerners think about themselves and the country as a whole.”

Preston Manning book The New Canada

Source: The New Canada (1992), Chapter Six, Regional Alienation, p. 122

Thinking , Parting , Country

“We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.”

Vladimir Putin (1952) President of Russia, former Prime Minister

http://kremlin.ru/eng/speeches/2007/02/01/1309_type82915_117609.shtml
2006- 2010

People , Problem , Country

“The positive and negative consequences of the various kinds of globalization and of economic growth versus economic stagnation are consistent with the Renewed Darwinism Theory's proposition that one's sense of dA fulfillment is relative to that of other people to whom one compares oneself. The innate insatiable drive to acquire cannot be fulfilled, even by a steady increase in wealth, if one is steadily falling behind others. This may be illogical—a Porsche is a Porsche, no matter what's parked in the driveway next door—but it is the way our minds have evolved to work.”

Paul R. Lawrence (1922–2011) American business theorist

Excerpt from: " The Drive to Acquire’s Impact on Globalization http://hbswk.hbs.edu/item/the-drive-to-acquires-impact-on-globalization," at hbswk.hbs.edu, 23 august 2010.
Driven to Lead: Good, Bad, and Misguided Leadership, 2010

People , Way , Sense , Wealth

“My recent work on macroeconomics has stressed long-term issues, including the determinants of long-run economic growth. From the standpoint of fighting world poverty, nothing is more important than figuring out which policies differentiate the fast-growing countries from the slow-growing ones.”

Robert Barro (1944) American classical macroeconomist

Source: Nothing Is Sacred (2002), p. xviii

World , Fight , Country

“The case for trade is not just monetary, but moral. Economic freedom creates habits of liberty. And habits of liberty create expectations of democracy.”

George W. Bush (1946) 43rd President of the United States

1990s, A Distinctly American Internationalism (November 1999)

Democracy , Freedom

“The great problems of the world - social, political, economic and theological - do not concern me in the slightest…If all the Armenians were to be killed tomorrow and if half of Russia were to starve to death the day after, it would not matter to me in the least. What concerns me alone is myself and the interests of a few close friends.”

George Jean Nathan (1882–1958) American drama critic and magazine editor

Living Authors, H. W. Wilson (1932)

Death , World , Problem

“Transforming hereditary privilege into ‘merit,’ the existing system of educational selection, with the Big Three [Harvard, Princeton, Yale] as its capstone, provides the appearance if not the substance of equality of opportunity. In so doing, it legitimates the established order as one that rewards ability over the prerogatives of birth. The problem with a ‘meritocracy,’ then, is not only that its ideals are routinely violated (though that is true), but also that it veils the power relations beneath it. For the definition of ‘merit,’ including the one that now prevails in America’s leading universities, always bears the imprint of the distribution of power in the larger society. Those who are able to define ‘merit’ will almost invariably possess more of it, and those with greater resources—cultural, economic and social—will generally be able to ensure that the educational system will deem their children more meritorious.”

Jerome Karabel (1950) American sociologist

The Chosen: The Hidden History of Admission and Exclusion at Harvard, Yale, and Princeton (Houghton Mifflin: 2005), pp. 549-550.

Children , Education , Birth , Problem

“The signal failure of the academic Marxists is in their obliviousness to the transformation of modern labor. In the age of mass media, power has shifted its meaning and loci. Capitalism, whatever its problems, remains the most efficient economic mechanism yet to bring the highest quality of life to the greatest number. Because I have studied the past, I know that, in America and under capitalism, I am the freest woman in history. Union blue-collar jobs now routinely pay higher salaries than are earned by most teachers. Physical labor, as a concrete skill occupation, is free of the soul-destroying office politics suffers by the Marxists' demonized managerial class, who take their jobs home with them and are in a continual funk of anxiety and neurosis. … Unharried weekend leisure time is the center of working-class American life in ways the academic Marxists, resentfully marking papers and endlessly pressed for time, simply don't see.</b”

Camille Paglia (1947) American writer

Source: Sex, Art and American Culture : New Essays (1992), Junk Bonds and Corporate Raiders : Academe in the Hour of the Wolf, pp. 247

Life , Age , Way , Home

“Have you ever wondered, perhaps, why opinions which the majority of people quite naturally hold are, if anyone dares express them publicly, denounced as 'controversial, 'extremist', 'explosive', 'disgraceful', and overwhelmed with a violence and venom quite unknown to debate on mere political issues? It is because the whole power of the aggressor depends upon preventing people from seeing what is happening and from saying what they see.

The most perfect, and the most dangerous, example of this process is the subject miscalled, and deliberately miscalled, 'race'. The people of this country are told that they must feel neither alarm nor objection to a West Indian, African and Asian population which will rise to several millions being introduced into this country. If they do, they are 'prejudiced', 'racialist'... A current situation, and a future prospect, which only a few years ago would have appeared to everyone not merely intolerable but frankly incredible, has to be represented as if welcomed by all rational and right-thinking people. The public are literally made to say that black is white. Newspapers like the Sunday Times denounce it as 'spouting the fantasies of racial purity' to say that a child born of English parents in Peking is not Chinese but English, or that a child born of Indian parents in Birmingham is not English but Indian. It is even heresy to assert the plain fact that the English are a white nation. Whether those who take part know it or not, this process of brainwashing by repetition of manifest absurdities is a sinister and deadly weapon. In the end, it renders the majority, who are marked down to be the victims of violence or revolution or tyranny, incapable of self-defence by depriving them of their wits and convincing them that what they thought was right is wrong. The process has already gone perilously far, when political parties at a general election dare not discuss a subject which results from and depends on political action and which for millions of electors transcends all others in importance; or when party leaders can be mesmerised into accepting from the enemy the slogans of 'racialist' and 'unChristian' and applying them to lifelong political colleagues...

In the universities, we are told that education and the discipline ought to be determined by the students, and that the representatives of the students ought effectively to manage the institutions. This is nonsense—manifest, arrant nonsense; but it is nonsense which it is already obligatory for academics and journalists, politicians and parties, to accept and mouth upon pain of verbal denunciation and physical duress.

We are told that the economic achievement of the Western countries has been at the expense of the rest of the world and has impoverished them, so that what are called the 'developed' countries owe a duty to hand over tax-produced 'aid' to the governments of the undeveloped countries. It is nonsense—manifest, arrant nonsense; but it is nonsense with which the people of the Western countries, clergy and laity, but clergy especially—have been so deluged and saturated that in the end they feel ashamed of what the brains and energy of Western mankind have done, and sink on their knees to apologise for being civilised and ask to be insulted and humiliated.

Then there is the 'civil rights' nonsense. In Ulster we are told that the deliberate destruction by fire and riot of areas of ordinary property is due to the dissatisfaction over allocation of council houses and opportunities for employment. It is nonsense—manifest, arrant nonsense; but that has not prevented the Parliament and government of the United Kingdom from undermining the morale of civil government in Northern Ireland by imputing to it the blame for anarchy and violence.

Most cynically of all, we are told, and told by bishops forsooth, that communist countries are the upholders of human rights and guardians of individual liberty, but that large numbers of people in this country would be outraged by the spectacle of cricket matches being played here against South Africans. It is nonsense—manifest, arrant nonsense; but that did not prevent a British Prime Minister and a British Home Secretary from adopting it as acknowledged fact.”

Enoch Powell (1912–1998) British politician

The "enemy within" speech during the 1970 general election campaign; speech to the Turves Green Girls School, Northfield, Birmingham (13 June 1970), from Still to Decide (Eliot Right Way Books, 1972), pp. 36-37.
1970s

Pain , People , World , Education

“[The corporation is an invaluable auxiliary to the conduct of foreign affairs by the Government, and] has become an international as well as a national instrument. It is a mighty institution which thus far has not become, and has manifested no great desire to become, an independent political force. In international life it is an experiment in non-national organization, pledged only to discharge certain economic functions.”

Adolf A. Berle (1895–1971) American diplomat

163 ; as cited in Prashker (1954)
The 20th century capitalist revolution. 1954

Life

“In 1945, the war ended and I was chosen to be the first director of the newly-established Department of Applied Economics in Cambridge. Between leaving the government service and taking up my new post, I had a break of about three months which I spent at the Institute of Advanced Study in Princeton. I intended to use my time there writing up my ideas on a social accounting system for the measurement of economic flows, a thing I had wanted to do for years but had not had time for during the war. What happened was that, in Princeton, I met Alexander Loveday, the Director of Intelligence at the League of Nations, who wanted a paper on the problems of defining and measuring the national income and related totals for consideration by the League's Committee of Statistical Experts. He asked me if I would undertake the work and naturally I accepted. I soon had a memorandum ready and it was discussed in Princeton while I was still there by a subcommittee convened by Loveday. Their report was eventually published by the United Nations in Geneva in 1947 under the title, Measurement of National Income and the Construction of Social Accounts, with my memorandum as an appendix.”

Richard Stone (1913–1991) British economist, Nobel Memorial Prize winner

"Richard Stone - Biographical," 1984

War , Intelligence , Idea , Nature

“Mammonism is the unlimited hypertrophy of the — in itself healthy — human drive for acquisition. Mammonism is the lust for money grown into a madness, which knows no higher goal than to pile money on top of money, which seeks with unequaled brutality to coerce all forces of the world into its service, and must lead to the economic enslavement, to the exploitation of the work-potential of all peoples of the world.”

Gottfried Feder (1883–1941) German economist and politician

"Manifesto for the Abolition of Enslavement to Interest on Money" (1919)

Money , People , World , Madness

“The high tenet of this philosophy (Liberalism) is that Liberty is an endowment from the Creator of every individual man and woman upon which no power, whether economic or political, can encroach, and that not even the government may deny. And herein it challenges all other philosophies of society and government; for all others, both before and since, insist that the individual has no such unalienable rights, that he is but the servant of the state. Liberalism holds that man is master of the state, not the servant; that the sole purpose of government is to nurture and assure these liberties. All others insist that Liberty is not a God-given right; that the state is the master of the man.”

Herbert Hoover (1874–1964) 31st President of the United States of America

Page 4
The Challenge to Liberty (1934)

God

“Hayek had high regard for Marx in technical economic theory and considered him a predecessor in his business cycle theory. […] It was not in technical economic theory that the classical Austrians disagreed with Marx. So towering a figure in history is Marx that discussion of his thought in summary form is always difficult, for there is so much that he said and that others have said about him. At the same time, so tendentious, ill-spirited, and just plain wrong a thinker was Marx that it is surprising that he may have had some of the influence attributed to him. Hayek’s opposition to Marx was in the realm of practical political emanations from Marx’s thought. Here he considered Marx’s influence to have been wholly pernicious.”

Alan O. Ebenstein (1959) American political scientist, educator and author

Hayek's Journey: The Mind of Friedrich Hayek (2003)

History , Business , Time

“While we are thus desirous of the economic welfare of other countries in part because of its relation to world peace, we ought to remember that our own Government owes a great duty to the American people in this direction. It is for this reason in part that I have insisted upon a policy of constructive economy in the national administration. If we can make the circumstances of the people easy, if we can relieve them of the burden of heavy taxation, we shall have contributed to that contentment and peace of mind which will go far to render them immune from any envious inclination toward other countries. If the people prosper in their business, they will be the less likely to resort to the irritating methods of competition in foreign trade out of which arise mutual misunderstandings and animosities. They will not be driven to the employment of sharp practices in order to support and maintain their own position. Being amply supplied with their own resources, they will not be so inclined to turn covetous eyes toward the resources of other nations.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Ways to Peace (1926)

People , World , Peace , Business

“The truth, of course, is that libertarianism wants to advance principles of property but that it in no way wishes to defend, willy nilly, all property which now is called private.Much of that property is stolen. Much is of dubious title. All of it is deeply intertwined with an immoral, coercive state system which has condoned, built on, and profited from slavery; has expanded through and exploited a brutal and aggressive imperial and colonial foreign policy, and continues to hold the people in a roughly serf–master relationship to political–economic power concentrations.”

Karl Hess (1923–1994) American journalist

"Letter From Washington," http://www.panarchy.org/hess/libertarianism.html The Libertarian Forum 1, no. 6 http://web.archive.org/web/20071201123614/http://mises.org/journals/lf/1969/1969_06_15.pdf (15 June 1969), p. 2

People , Truth , Way

“I can switch out and go into a concentrated mode and the world is completely shut out. If I'm writing something, nothing else exists… Perhaps even more importantly, I don't have any trouble thinking outside the box. I don't feel any social pressure to do things the way other people are doing them, professionally. And so I have been more open to different ways of looking at a lot of the problems in economics.”

Vernon L. Smith (1927) American economist

"Mildest autism has 'selective advantages'," 2005

People , World , Way , Feeling

“That’s why paradigm shifts are so disruptive and painful: they bring into question the operating assumptions that underlie the existing economic and social models as well as the belief system that accompanies them and the worldview that legitimizes them.”

Jeremy Rifkin (1945) American economist

The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (2014)

Pain , Question

“I have begun drafting a memorandum for the prosecuting authorities, together with all evidence necessary to establish not only the existence of numerous specific instances of scientific or economic fraud in relation to the official "global warming" storyline but also the connections between these instances, and the overall scheme of deception that the individual artifices appear calculated to reinforce.”

Christopher Monckton (1952) British public speaker and hereditary peer

Making the police state work for you http://www.climatedepot.com/2011/12/15/fmr-thatcher-advisor-lord-monckton-to-pursue-fraud-charges-against-climategate-scientists-will-present-to-police-the-case-for-numerous-specific-instances-of-scientific-or-economic-fraud/ climatedepot.com, December 15, 2011.

Fraud , Appearance

“Modern militarism is the result of capitalism. In both its forms it is the “vital expression” of capitalism — as a military force used by the capitalist states in their external conflicts and as a weapon in the hands of the ruling classes for suppressing every kind of movement, economic and political, of the proletariat.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

Collected Works, Vol. 15, pp. 191–201.
Collected Works

“Given the present state of our knowledge, and insufficient thought on my part, my own prescription for the time being is to deal as best we can with individual differences and let the statistical group differences fall where they may. Society’s general concern with race and other social group differences is not the product of research on these matters, but arises from chauvinist-like attitudes of racial group identity and solidarity in connection with political power and economic interest. It might be termed meta-racism. The ‘race problem’ from that viewpoint is lower in my own hierarchy of values than concern with individual justice and alleviation of individual misfortune. Though it would be blind not to acknowledge the reality of certain statistical differences among populations, I would find it difficult to be the least concerned with any given individual’s racial heritage. Perhaps I may be too insensitive on this score, never having felt much sense of racial identity myself.”

Arthur Jensen (1923–2012) professor of educational psychology

Source: Differential Psychology: Towards Consensus (1987), p. 443

Justice , Knowledge , Problem , Reality

“Demonstrators for a government takeover of medicine have a right to discuss their demands, but no right to enact these demands. … 'Rights, as our founding fathers conceived them, are not claims to economic goods, but freedoms of action.”

Ilana Mercer South African writer

“The Authentic Asstroturfers,” http://www.ilanamercer.com/phprunner/public_article_list_view.php?editid1=510 WorldNetDaily.com and Taki’s Magazine, August 14, 2009.
2000s, 2009

Freedom

“The societal decision to reduce beef will profoundly affect the economics of human survival in the coming century. In the new world that is coming, millions of human beings will voluntarily choose to eat lower on the food chain so that millions of others may obtain the minimum food calories they need to sustain their lives. This grand redistribution of the earth's bounty, the most far-reaching in history, will unite the human race in a new fraternal bond. A new species awareness will begin where the rich meet the poor on the descending rungs of the world's protein ladder. The decision to eat further down on the planet's food chain will force a wholesale reassessment of the entire grain-fed meat complex ranging from factory farm chickens to hogs. The collapse of the global cattle complex will likely precipitate a chain reaction, resulting in the elimination of other grain-fed meats from the human diet. The dissolution of the commercial cattle complex will spare the rich and might help save the poor. Eliminating grain-fed beef and eating lower on the food chain will dramatically reduce the incidence of heart disease, cancer, and diabetes.”

Jeremy Rifkin book Beyond Beef: The Rise and Fall of the Cattle Culture

Source: Beyond Beef: The Rise and Fall of the Cattle Culture (1992), p. 290

World , Disease , Food , History

“Prices perform three functions in organizing economic activity: first, they transmit information; second, they provide an incentive to adopt those methods of production that are least costly and thereby use available resources for the most highly valued pur poses; third, they determine who gets how much of the product—the distribution of income. These three functions are closely in terrelated.”

Milton Friedman book Free to Choose

Source: Free to Choose (1980), Ch. 1 "The Power of the Market", p. 14

“The Russian economic system is state capitalism, there called state-socialism or even communism, with production directed by a state bureaucracy under the leadership of the Communist Party. The state officials, forming the new ruling class, have the disposal over the product, hence over the surplus-value, whereas the workers receive wages only, thus forming an exploited class.”

Antonie Pannekoek (1873–1960) Dutch astronomer and Marxist theorist

Lenin as Philosopher (1938), Chapter 8

Communication

“Do they believe that the aim of teaching English is to increase the exact and beautiful use of the language? Or that it is to inculcate and augment patriotism? Or that it is to diminish sorrow in the home? Or that it has some other end, cultural, economic, or military? … it was their verdict by a solemn referendum that the principal objective in teaching English was to make good spellers, and that after that came the breeding of good capitalizers. … I have maintained for years, sometimes perhaps with undue heat: that pedagogy in the United States is fast descending to the estate of a childish necromancy, and that the worst idiots, even among pedagogues, are the teachers of English. It is positively dreadful to think that the young of the American species are exposed day in and day out to the contamination of such dark minds. What can be expected of education that is carried on in the very sewers of the intellect? How can morons teach anything that is worth knowing?”

H.L. Mencken (1880–1956) American journalist and writer

On "teachers of English" in "The Schoolmarm's Goal" in The Lower Depths (1925)
1920s

Education , Beauty , Home , Thinking

“The world "legendary" is much overused, but it certainly applies to the seventy-six-year-old Andreas Papandreou, whose life had encompassed so much Greek-American history. As a Greek-born American citizen, he earned a doctorate in economics from Harvard, served in the United States Navy during World War II, and then taught at Harvard, the University of Minnesota, and Berkeley (where he was chairman of the economics department). He was part of Adlai Stevenson's advisory team during his two runs for the presidency. Then he returned to Greece and fought his way into power, surviving a long period in the political wilderness after right-wing pressure forced the resignation of his father, Georgios Papandreou, in 1965, two years before the military coup. He won the prime ministership fifteen years after his father had been forced out of it, and then lost it following a series of corruption scandals - only to make another astonishing comeback, regaining it again in 1993. To conservative Americans, he was anathema, an American turncoat. To Greeks, both those who followed him and those who hated him, he was the dominant political figure of the era.”

Richard Holbrooke (1941–2010) American diplomat

Source: 1990s, To End a War (1998), p. 124

Life , Hate , War , World

“This pioneer work, written for both the professional economist and the businessman, has become a classic in its field. It is a detailed examination of the structure of the large business corporation in relation to its actual economic functioning. Because Gordon views the corporation not as an external institution but as organized human activity, his emphasis is on the personal and volitional elements in leadership, or how businessmen actually shape their practices. His analysis is based on a formidable mass of case material and statistical data”

Robert Aaron Gordon (1908–1978) American economist

Abstract
Business Leadership in the Large Corporation (1945)

Business , Personality

“Gandhi has sound economic and cultural reasons for encouraging the revival of cottage industries, but he does not counsel a fanatical repudiation of all modern progress. Machinery, trains, automobiles, the telegraph have played important parts in his own colossal life! Fifty years of public service, in prison and out, wrestling daily with practical details and harsh realities in the political world, have only increased his balance, open-mindedness, sanity, and humorous appreciation of the quaint human spectacle.”

Paramahansa Yogananda book Autobiography of a Yogi

Source: Autobiography of a Yogi, Chapter 44 - "With Mahatma Gandhi At Wardha

Life , World , Reality , Parting

“We have attacked the traditional interpretation of the economics of slavery not in order to resurrect a defunct system, but in order to correct the perversion of the history of blacks — in order to strike down the view that black Americans were without culture, without achievement, and without development for their first two hundred and fifty years on American soil.”

Robert Fogel (1926–2013) American economist, historian

Robert William Fogel, ‎Stanley L. Engerman (1974). Time on the cross: the economics of American Negro slavery. p. 258

History

“To a degree, we have been attacking the problem by increasing purchasing power through higher wage scales and increased Social Security benefits. But these measures are exercised with restraint and come only as a consequence of organized struggles…Those at the lowest economic level, the poor white, the Negro, the aged, are traditionally unorganized and have little or no ability to force a growth in their consumer potential. They stagnate or become even poorer in relation to the larger society.”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

1960s, Address to Local 815, Teamsters and the Allied Trades Council (1967)

Age , Exercises , Problem

“Feminists are often asked whether pornography causes rape. The fact is that rape and prostitution caused and continue to cause pornography. Politically, culturally, socially, sexually, and economically, rape and prostitution generated pornography; and pornography depends for its continued existence on the rape and prostitution of women.”

Andrea Dworkin (1946–2005) Feminist writer

Pornography and Male Supremacy http://www.nostatusquo.com/ACLU/dworkin/WarZoneChaptIVH.html (1981), Letters from a War Zone, p 230.

Women , Dependency

“By a ‘spontaneous disturbance’ we shall mean any change in the underlying conditions, the cause of which we are prepared to take for granted and do not wish to examine, but the effect of which on the domestic and external position of our two countries we wish to examine. By a ‘policy’ change we shall mean a change which the State or some public authority brings about as a result of a definite decision of State policy in order to achieve some given end of general economic policy and in particular to offset some of the effects of a ‘spontaneous disturbance’. Finally, by an ‘induced’ change is meant a change in some quantity which occurs on purely commercial principles because of the repercussions of some previous ‘spontaneous’ or ‘policy’ change.”

James Meade (1907–1995) British economist

Source: The balance of payments, 1951, p. 43; As cited in: Metaxas, Phillip Edmund, and Ernst Juerg Weber. Australia's contribution to international trade theory: The dependent economy model. (2013), p. 18

Decision , Change , Country

“The point is rather that all of them felt, consciously or unconsciously, that if they let go of the magnet that created the pattern, the atoms of past cultures would again fall back into random dust-heaps.
In this respect the cultural historian was much worse off than any other historian. His colleagues working on political or economic history had at least a criterion of relevance in their restricted subject matter. They could trace the history of the reform of Parliament, of Anglo-Irish relations, without explicit reference to an all-embracing philosophy of history.”

Ernst Gombrich (1909–2001) art historian

In Search of Cultural History (1969)

History , Past

“The Christian insistence on freedom — the monastic vows are voluntary sacrifices of a select few — derives from the Christian concept that man must be free in order to act morally. (A sleeping, a chained and clubbed, a drugged person can neither be sinful nor virtuous.) Yet, the free world which is practically synonymous with the world of free enterprise alone provides a climate, a way of life compatible with the dignity of man who makes free decisions, enjoys privileges, assumes responsiblilties, and develops his talents as he sees fit. He is truly the steward of his family. He can buy, sell, save, invest, gamble, plan the future, build, retrench, acquire capital, make donations, take risks. In other words, he can be the master of his economic fate and act as a man instead of a sheep in a herd under a shepherd and his dogs. No doubt, free enterprise is a harsh system; it demands real men. But socialism, which appeals to envious people craving for security and afraid to decide for themselves, impairs human dignity and crushes man utterly.”

Erik von Kuehnelt-Leddihn (1909–1999) Austrian noble and political theorist

The Roots of Anticapitalism

Life , Men , Fate , People

“Like you, our love of the land is deep. Like you, our pride in the sacred traditions of our culture is immense. Like you, our desire for the economic advancement of our people is solid and enduring. And like you, we are committed to a better future for our children.”

Timoci Bavadra (1934–1989) Fijian politician

Radio broadcast, 24 April 1987 (excerpts)

Love , Children , People , Future

“The idea of African brotherhood is often just a cover-up for laziness. We must see what is achievable in our circumstances and evaluate all decisions. In terms of regional economic integration, sentimentality is not enough. We really have to be frank and honest.”

Benjamin Mkapa (1938) Tanzanian politician and former president

September 1999 http://ospiti.peacelink.it/npeople/sep99/Pag1sept.html
1999

Idea , Decision

“As for some countries’ concerns about Russia's possible aggressive actions, I think that only an insane person and only in a dream can imagine that Russia would suddenly attack NATO. I think some countries are simply taking advantage of people’s fears with regard to Russia. They just want to play the role of front-line countries that should receive some supplementary military, economic, financial or some other aid. Therefore, it is pointless to support this idea; it is absolutely groundless. But some may be interested in fostering such fears. I can only make a conjecture.

For example, the Americans do not want Russia's rapprochement with Europe. I am not asserting this, it is just a hypothesis. Let’s suppose that the United States would like to maintain its leadership in the Atlantic community. It needs an external threat, an external enemy to ensure this leadership. Iran is clearly not enough – this threat is not very scary or big enough. Who can be frightening? And then suddenly this crisis unfolds in Ukraine. Russia is forced to respond. Perhaps, it was engineered on purpose, I don’t know. But it was not our doing.

Let me tell you something – there is no need to fear Russia. The world has changed so drastically that people with some common sense cannot even imagine such a large-scale military conflict today. We have other things to think about, I assure you.”

Vladimir Putin (1952) President of Russia, former Prime Minister

2015-06-06, Interview to the Italian newspaper Il Corriere della Sera. http://en.kremlin.ru/events/president/news/49629
2011 - 2015

People , World , Fear , Dreams

“though, technology had nothing to do with science. Many of our most significant inventions are pure tools, with no scientific method behind them. Wheels and wells, cranks and mills and gears and ships’ masts, clocks and rudders and crop rotation: all have been crucial to human and economic development, and none historically had any connection with what we think of today as science. Some of the most important things we use every day were invented long before the adoption of the scientific method.”

John Lanchester (1962) British writer

The Case Against Civilization https://www.newyorker.com/magazine/2017/09/18/the-case-against-civilization (September 18, 2017), '.

Thinking , Science

“Though acts of reception and of understanding are in some measure fictions of ordered intuition, myths of reason, this truth does not justify the denial of intentional conduct. It is as absurd to discard as mendacious, as anarchically opaque, the bearing of contextual probability and suggestion, as it is to invest in such probability any blind trust. The negations of post-structuralism and of certain varieties of deconstruction are precisely as dogmatic, as political as were the positivist equations of archival historicism. The "emptiness of meaning" postulate is no less a priori, no less a case of despotic reductionism than were, say, the axioms of economic and psycho-sociological causality in regard to the generation of meaning in literature and the arts in turn-of-the-century pragmatism and scientism.”

George Steiner (1929–2020) American writer

Source: Real Presences (1989), III: Presences, Ch. 3 (pp. 174-175).

Truth , Art , Literature , Understanding

“Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman's tool is values; the bureaucrat's tool is fear.”

Ayn Rand book Capitalism: The Unknown Ideal

Capitalism: The Unknown Ideal (1966)

Men , Fear , Exercises

“The wastage from economic conflict is so titanic under individualism that even if gross productivity should be reduced somewhat under socialization of the basic industries, the mass of people would nevertheless be better off because of the diminished conflict and resultant devastation.”

Kirby Page (1890–1957) American clergyman

Property (1935)

People

“[T]he larger moral cowardice that has overtaken the party… Trump's shtick is that he's the grievance candidate… He's focused on the economically squeezed Caucasian voter… He is speaking to that rage. Mexican rapists, clever Chinese traders, African American people as dogs. That's Trump's DNA.”

Mike Murphy (political consultant) (1962) American political consultant

As quoted in "'I'm not going there': As Trump hurls racial invective, most Republicans stay silent" https://www.washingtonpost.com/politics/im-not-going-there-as-trump-hurls-racial-invective-most-republicans-stay-silent/2018/08/18/aab7fd8a-a189-11e8-83d2-70203b8d7b44_story.html?noredirect=on&utm_term=.492b99efbac1 (18 August 2018), by Ashley Parker and Robert Costa, The Washington Post
2010s, 2018

People , Dogs , Rage