Quotes about economics (3228 quotes, page 7)

Olivier Blanchard (1948) French economist

Source: Macroeconomics (7th Edition, 2017), Ch. 16 : Expectations, Output, and Policy

People , Thinking , Reality , Time

“Affirmative action has to be combined with a broader program of social reform that would emphasize social rights: the right to employment, the right to education, the right to good health. Over the years, black leaders have been slow to recognize the need for a very, very progressive agenda. Anytime someone has talked about putting America back to work, blacks should have said yes, but they didn't. They were so preoccupied with affirmative action that they didn't provide the kind of leadership that would help some of the other progressive folks. Only now are black leaders beginning to realize the impact of economic issues.”

William Julius Wilson (1935) American sociologist

Interview with Mother Jones.

Health , Education , Help

“Global economic competition is a game of unequal players … Consequently, it is only fair that we 'tilt the playing field' in favour of the weaker countries. In practice, this means allowing them to protect and subsidize their producers more vigorously and to put stricter regulations on foreign investment. These countries should also be allowed to protect intellectual property rights less stringently so that they can more actively 'borrow' ideas from more advanced countries.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 9, Tilting the playing field, p. 219

Game , Idea , Country

“I accepted one branch of this philosophy, but eugenics without birth control seemed to me a house built upon sands. It could not stand against the furious winds of economic pressure which had buffeted into partial or total helplessness a tremendous proportion of the human race. The eugenists wanted to shift the birth control emphasis from less children for the poor to more children for the rich. We went back of that and sought first to stop the multiplication of the unfit. This appeared the most important and greatest step towards race betterment.”

Margaret Sanger (1879–1966) American birth control activist, educator and nurse

Source: Margaret Sanger: An Autobiography (1938), Chapter 30, "Now Is the Time for Converse", pp. 374-375.

Children , Birth , Appearance , Housing

“We in India, as a result of our planned economic development, not central planning, but mixed planning, mixed economy, we have experimented with, we have moved to a stage of partial maturity of the economy, when we needed new forms of management, new forms of, expression of the spirit of enterprise, so that the economy can move forward. The compulsion to liberalisation and globalisation arose from this. This is why we say that India's liberalisation is an irreversible process…. and, in a vast country, with millions of people and poverty, rampant, we cannot liberalise recklessly, in such a way that the balance of the society is upset and while some sections would flourish, make profits, the rest of the people would be left without employment and be helpless. Therefore, we have to have a balanced approach to liberalisation and also to globalisation.”

K. R. Narayanan (1920–2005) 9th Vice President and the 10th President of India

Shri K. R. Narayanan President of India in Conversation with N. Ram on Doordarshan and All India Radio

People , Way , Country

“The theory of economic shock therapy relies in part on the roleof expectations on feeding an inflationary process. Reining in inflation requires not only changing monetary policy but also changing the behavior of consumers, employers and workers. The role of a sudden, jarring policy shift is that it quickly alters expectations, signaling to the public that the rules of the game have changed dramatically - prices will not keep rising, nor will wages.”

Naomi Klein (1970) Canadian author and activist

The Shock Doctrine: The Rise of Disaster Capitalism (2007)

Behavior , Game , Change , Parting

“It is significant that Communist theory treats the proletariat as though it were a unique branch of the human race. The proletariat is assumed to be a special breed which would almost automatically blossom into pleasant, efficient social-economic living if it could just be liberated from oppressive government. The government is presumed to be nothing more than the tool of an oppressive class of capitalists and consequently, if the capitalist class were destroyed, the need for any kind of government would be obliterated. The Communist leaders have always felt confident that when the proletariat takes over it will not want to oppress anyone and therefore the need for government will be nonexistent.”

W. Cleon Skousen book The Naked Communist

The Naked Communist (1958)

Confidence

“The correctness of the so-called materialistic conception of history, which considers the political development as dependent on the economic, cannot be brought more strikingly and convincingly to the mind than by the change which in the course of the Nineteenth century has been wrought in the bourgeoisie. It can be demonstrated with the greatest precision how with the change in the productive relations a change of political view and attitude has taken place in the bourgeoisie. Every step forward in economic development has been a step forward in the development of class antagonisms and a step in the approach of the bourgeoisie towards its old enemies, the landlords and priests, and a step in drawing away from the rising proletariat, which in order to effect its emancipation, must advocate equal rights for all men and the democratic principles formerly supported by the bourgeoisie. The moment the proletariat steps forth as a class separate from the bourgeoisie and having interests opposed to it, from that moment the bourgeoisie ceased to be democratic.”

Wilhelm Liebknecht (1826–1900) German socialist politician

No Compromise – No Political Trading (1899)

Men , History , Support , Change

“Liberalism should be found not striving to spread bureaucracy but striving to set bounds to it. True liberalism seeks all legitimate freedom first in the confident belief that without such freedom the pursuit of all other blessings and benefits is vain. That belief is the foundation of all American progress, political as well as economic.”

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

The New Day: Campaign Speeches of Herbert Hoover (1928), Campaign speech in New York (22 October 1928)

Confidence , Freedom

“If you look at the surviving PC support, it's very much concentrated in Atlantic Canada, in the provinces to the east of Quebec. These are very much equivalent to the United States border states. They're weak economically. They have very grim prospects if Quebec separates. These people want a solution at almost any cost.”

Stephen Harper (1959) 22nd Prime Minister of Canada

1990s, Speech to the Council for National Policy (1997)

People , Support

“There can never be peace in Ireland until the foreign, oppressive British presence is removed, leaving all the Irish people as a unit to control their own affairs and determine their own destinies as a sovereign people, free in mind and body, separate and distinct physically, culturally and economically.”

Bobby Sands (1954–1981) Irish volunteer of the Provisional Irish Republican Army

Vol. Bobby Sands, Provisional Irish Republican Army (1981)
Other writings

People , Peace

“Economics is not an exact science.”

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

Source: The Age of Uncertainty (1977), Chapter 1, p. 36

Science

“[F]or all the economic destruction levied on the South by the war, the people who ran the economic show before the war were still running it afterwards. Former slaveholders were thus free to use cotton profits to maintain a version of the plantation system and force the freedpeople into peonage; peonage, in turn, gave white Democrats the power to control black voting…”

Allen C. Guelzo (1953) American historian

2010s, Interview with Sara Gabbard (2018)

War , People

“So Sen is right that democracy can be pressed into the service of reducing injustice. Indeed this can happen against expectations. Had there been neoclassical economists around in the late eighteenth century, they would have scoffed at the possibility of abolishing the slave trade. In the absence of a system of multilateral enforcement, Britain had to bear the enormous expense unilaterally—over several decades—without any obvious prospect of a return. whether democracy fosters or hinders economic growth.”

Ian Shapiro (1956) American political theorist

Review of The Idea of Justice by Amartya Sen, Journal of Economic Literature (December 2011).

Democracy

“Going through the history of economic, cultural and human exchanges in the most cultivated, tumultuous, lively, and cosmopolitan part of the world-Western Europe being its centre-we discover a wide unted universe”

Nico Perrone (1935) Italian historian and writer

Source: European and American patterns in a conflictive development, p. 19

World , History , Universe , Parting

“An American economist of two generations ago, H. J. Davenport, who was the best friend Thorstein Veblen ever had (Veblen actually lived for a time in Davenport’s coal cellar) once said: “There is no reason why theoretical economics should be a monopoly of the reactionaries.” All my life I have tried to take this warning to heart, and I dare call it to your favorable attention.”

Paul A. Samuelson (1915–2009) American economist

Source: 1950s–1970s, Maximum Principles in Analytical Economics, 1970, p. 76

Life , Time , Heart

“Food redistribution is economically sensible, ecologically pressing, and socially responsible; it is high time food corporations woke up to it and governments started funding the organisations that facilitate it.”

Tristram Stuart (1977) British historian

"The scandal of Britain's free food" https://www.theguardian.com/environment/2007/jan/06/waste.pollution1, The Guardian (6 January 2007).

Food , Time

“deprivation of the beautiful woman and sex with her until the man guarantees economic security in return; (…)”

Warren Farrell book The Myth of Male Power

Source: The Myth of Male Power (1993), Part IV: Where do we go from here, p. 358.

Beauty , Sex

“In a free society, the individual has the educational equipment, as well as the economic and political occasion, to cross the frontier between the activities that take the framework for granted and those that bring it into question. He has been educated in a way that enables the mind as imagination to become ascendant over the mind as machine. He has learned to philosophize by acting, in the sense that he recognizes in every project the seed of some great or small reformation.”

Roberto Mangabeira Unger The Religion of the Future

Source: The Religion of the Future (2014), p. 295

Education , Way , Imagination , Question

“Political democracy can remain if it confines itself to all but economic matters.”

Stuart Chase (1888–1985) American economist

The Economy of Abundance (1934), p. 313, as quoted in The Road to Serfdom (1944), p. 124.

Democracy

“Then the war came, intensifying the native nationalistic sense of every race in the world. We found alien enemies in spirit among the native-born children of the foreign-born in America; we found old stirrings in the hearts of men, even when they were naturalized citizens, and a desire to take part in the world struggle, not as Americans, but as Jugo-Slavs or Czecho-Slovaks. We found belts and stockings stuffed with gold to be taken home, when peace should be declared, by men who will go back to work out their destinies in a land they thought never to see again. We found strong racial groups in America split into factions and bitterly arraigned against one another. We found races opposing one another because of prejudices and hatreds born hundreds of years ago thousands of miles away. We awoke to the fact that old-world physical and psychological characteristics persisted under American clothes and manners, and that native economic conditions and political institutions and the influences of early cultural life were enduring forces to be reckoned with in assimilation. We discovered that while a common language and citizenship may be portals to a new nation, men do not necessarily enter thereby, nor do they assume more than an outer likeness when they pass through”

Frances Kellor (1873–1952) American sociologist

What is Americanization? (1919)
Context: When the country first tried in 1915 to Americanize its foreign-born people, Americanization was thought of quite simply as the task of bringing native and foreign-born Americans together, and it was believed that the rest would take, care of itself. It was thought that if all of us could talk together in a common language unity would be assured, and that if all were citizens under one flag no force could separate them. Then the war came, intensifying the native nationalistic sense of every race in the world. We found alien enemies in spirit among the native-born children of the foreign-born in America; we found old stirrings in the hearts of men, even when they were naturalized citizens, and a desire to take part in the world struggle, not as Americans, but as Jugo-Slavs or Czecho-Slovaks. We found belts and stockings stuffed with gold to be taken home, when peace should be declared, by men who will go back to work out their destinies in a land they thought never to see again. We found strong racial groups in America split into factions and bitterly arraigned against one another. We found races opposing one another because of prejudices and hatreds born hundreds of years ago thousands of miles away. We awoke to the fact that old-world physical and psychological characteristics persisted under American clothes and manners, and that native economic conditions and political institutions and the influences of early cultural life were enduring forces to be reckoned with in assimilation. We discovered that while a common language and citizenship may be portals to a new nation, men do not necessarily enter thereby, nor do they assume more than an outer likeness when they pass through.

Life , Men , War , Children

“Let me say finally that I oppose the war in Vietnam because I love America. I speak out against this war, not in anger, but with anxiety and sorrow in my heart, and, above all, with a passionate desire to see our beloved country stand as the moral example of the world. I speak out against this war because I am disappointed with America. And there can be no great disappointment where there is not great love. I am disappointed with our failure to deal positively and forthrightly with the triple evils of racism, economic exploitation, and militarism.”

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

1960s, Why I Am Opposed to the War in Vietnam (1967)

Love , War , World , Disappointment

“As part of that march, and in accordance with my instructions, all previous governments have made praiseworthy efforts to give substance to my vision concerning reform and development. As a result, the current government has found not only a positive and healthy legacy, but also concrete achievements in the economic and social spheres.”

Mohammed VI of Morocco (1963) King of Morocco

Original French: Au cours de cette marche, tous les gouvernements précédents ont déployé, sous Notre impulsion, des efforts méritoires pour donner corps à Notre vision en matière de développement et de réforme. Tant et si bien que Notre gouvernement actuel a trouvé entre ses mains, dans le domaine économique et social, un héritage sain et positif, constitué d'actions constructives et de réalisations tangibles.
Televised speech–30 July 2013 http://www.maroc.ma/en/royal-speeches/full-text-royal-speech-delivered-tuesday-occasion-throne-day

Effort , Parting

“All the major industries will be owned and controlled by the community, but there may well exist for a long time many smaller enterprises which are left to be carried on individually. … the interests of the community as a whole must come before that of any sectional group. … the managers and technicians must be given reasonable freedom if they are to work efficiently, a freedom within the general economic plan. … the workers must be citizens and not wage slaves.”

Clement Attlee (1883–1967) Former Prime Minister of the United Kingdom

The Labour Party in Perspective (Left Book Club, 1937), p. 153.
Leader of the Opposition

Communication , Freedom , Time

“Eric Bolling: "Corporate personhood", "demolition of capitalism", "if we learn to share, we can all live in prosperity." What do you make of all this, Ann?
Ann Coulter: All of those quotes could have been said in 1789 France before the French Revolution, or the Russian Revolution or — with only slight modification — when the Nazis were coming to power. Cuba under Fidel Castro, Hugo Chavez in Venezuela - This is always the beginning of totalitarianism.
Eric Bolling: Are you sure, Ann, though- are you sure they couldn't also be found behind one of Obama's economic cabinet meetings?
Ann Coulter: Well, yes! Thus the point of my book, bringing together all of these mob uprisings with the Democratic Party. The Democratic Party looooves mob uprisings. It's their path to power. And, you know, they always assume the mob leaders will remain mob leaders, and not end up like Maximilien Robespierre, beheaded a couple years after the revolution began. That is often the way the revolutions go.”

Ann Coulter (1961) author, political commentator

regarding the Occupy Wall Street protests, and referring to her book "Demonic".
2011

Books , Way , Quotes , Learning

“My interest in economics had the following roots. Like many of my generation I considered the heavy unemployment in the United Kingdom in the inter-war period as both stupid and wicked. Moreover, I knew the cure for this evil, because I had become a disciple of the monetary crank, Major C. H. Douglas, to whose works I had been introduced by a much loved but somewhat eccentric maiden aunt. But my shift to the serious study of economics gradually weakened my belief in Major Douglas's A+B theorem, which was replaced in my thought by the expression MV = PT.”

James Meade (1907–1995) British economist

"James E. Meade - Biographical," 1977

Love , War , Stupidity , Study

“The centrally planned economies, dissatisfied with the outcome of their own efforts to achieve good economic growth performance, have changed strategy and decided to import high technology from the West. as well as necessary grains to supplement their domestic agicultural supplies. This new approach has opened their economies to Western inflation because imports have been reflecting rising world price. Gold and oil sales at correspondingly rising prices have been used by the Soviet Union to finance part of their import needs. but they are fully enmeshed in world inflation accounting in balancing rising export prices.”

Lawrence Klein (1920–2013) American economist

"Some Economic Scenarios for the 1980's," 1980

World , Effort , Change , Parting

“If low-wage workers do not always behave in an economically rational way, that is, as free agents within a capitalist democracy, it is because they dwell in a place that is neither free nor in any way democratic. When you enter the low-wage workplace — and many of the medium-wage workplaces as well — you check your civil liberties at the door, leave America and all it supposedly stands for behind, and learn to zip your lips for the duration of the shift. The consequences of this routine surrender go beyond the issues of wages and poverty. We can hardly pride ourselves on being the world's preeminent democracy, after all, if large numbers of citizens spend half their waking hours in what amounts, in plain terms, to a dictatorship.”

Barbara Ehrenreich (1941) American writer and journalist

Evaluation (p. 210)
Nickel and Dimed: On (Not) Getting by in America (2001)

World , Way , Democracy , Learning

“In 1897, Italian economist Vilfredo Pareto (1848-1923) noticed a regular pattern in distributions of wealth or income, no matter the country or time period concerned. He found that the distribution was extremely skewed toward the top end: A small minority of the top earners always accounted for a large majority of the total wealth. The pattern was so reliable that Pareto was eventually able to predict the distribution of income accurately before looking at the data.
Pareto was greatly excited by his discovery, which he rightly believed was of enormous importance not just to economics but to society as well. But he managed to enthuse only a few fellow economists….
Pareto's idea became widely known only when Joseph Moses Juran, one of the gurus of the quality movement in the twentieth century, renamed it the "Rule of the Vital Few." In his 1951 tome The Quality Control Handbook, which became hugely influential in Japan and later in the West, Juran separated the "vital few" from the "trivial many," showing how problems in quality could be largely eliminated, cheaply and quickly, by focusing on the vital few causes of these problems. Juran, who moved to Japan in 1954, taught executives there to improve quality and product design while incorporating American business practices into their own companies. Thanks to this new attention to quality control, between 1957 and 1989, Japan grew faster than any other industrial economy.”

Richard Koch (1950) German medical historian and internist

Introduction
The 80/20 Individual (2003)

Idea , Business , Problem , Time

“Ideologies involve a mistake about their origin: agents think that the ideology arose because of its responsiveness to epistemically relevant considerations (e. g., evidence, reasons, etc.), when, in fact, it arose only because it was responsive to the interests of the dominant economic class in the existing economic system.”

Brian Leiter (1963) American philosopher and legal scholar

“Morality Critics”

Thinking

“Progress in these policies can only be brought about if a considerable degree of consensus exists within our country. I have heard some doubt expressed as to what consensus means…Consensus means deliberately setting out to achieve the widest possible measure of agreement about our national policies, in this particular case about our economic activities, in the pursuit of a better standard of living for our people and a happier and more prosperous country. If there be any doubt about the desirability of working towards such a consensus let us recognize that every successful industrialized country in the modern world has been working on such a basis.”

Edward Heath (1916–2005) Prime Minister of the United Kingdom (1970–1974)

Speech to the Federation of Conservative Students in Manchester (6 October 1981), quoted in The Times (7 October 1981), p. 6. Margaret Thatcher had read Heath's advance text and responded http://www.margaretthatcher.org/document/104712 by saying that "To me consensus seems to be—the process of abandoning all beliefs, principles, values and policies in search of something in which no-one believes, but to which no-one objects".
Post-Prime Ministerial

People , World , Success , Country

“I am half-surprised to find that as I go on I get more and more confirmed in the old advanced Liberal principles, economic, social, & political, with which I entered Parliament 30 years ago.”

Henry Campbell-Bannerman (1836–1908) Former Prime Minister of the United Kingdom

Letter to John Spencer (19 February 1900), quoted in John Wilson, C.B.: A Life of Sir Henry Campbell-Bannerman (London: Constable, 1973), p. 326
Leader of the Opposition

“The other economic camp made for quite a different story. James Tobin (an east-coast Ivy League policy advisor) had already won the Nobel Prize when I spoke with him. A true gentleman, he spoke softly about his life and his Keynesian approach to economics. With due respect, I worried after a time that the interview sounded so automatic, so “done” before, that it would add little to the book. Then I brought up Lucas’s criticism. Tobin began to speak much louder and faster (on transcribing the tape I actually had to adjust the volume). He remained reasonable and gentlemanly but his voice betrayed his indignation toward Lucas and his camp, about how they were misleading sensible Keynesian economic thought.”

Arjo Klamer (1953) Dutch columnist, economist and politician

Source: Speaking of economics: how to get in the conversation (2007), Ch. 1 : The strangeness of the discipline

Life , Books , Time

“In a magic show, mystification is a good thing, but it is hardly to be commended in an economic program.”

Robert A. Dahl (1915–2014) American political scientist

After the Revolution? (1970; 1990), Ch. 4 : From Principles to Problems

“In this regard, I hope the dry rubber products segment continues to chart a more creditable growth in exports. These are challenging times. On the external front, the United States-China trade conflict, if protracted, could affect global growth and demand. On the domestic front, the private sector has to step up investment to drive economic growth, especially in the downstream sector.”

Teresa Kok (1964) Malaysian politician

Teresa Kok (2018) cited in " Teresa Kok: Rubber to surpass palm oil’s contribution to economy https://www.freemalaysiatoday.com/category/nation/2018/09/18/teresa-kok-rubber-to-surpass-palm-oils-contribution-to-economy/" on FMT News, 18 September 2018

Hope , Time

“Socialism for me was never about nationalization or the power of the state, not just about economics or even politics. It is a moral purpose to life, a set of values, a belief in society, in co-operation, in achieving together what we cannot achieve alone. It is how I try to live my life, how you try to live yours—the simple truths—I am worth no more than anyone else, I am my brother’s keeper, I will not walk by on the other side. We are not simply people set in isolation from one another, face to face with eternity, but members of the same family, same community, same human race. This is my socialism and the irony of all our long years in opposition is that those values are shared by the vast majority of the British people.”

Tony Blair (1953) former Prime Minister of the United Kingdom

As quoted in "Socialism is So Hot Right Now" https://www.commentarymagazine.com/articles/socialism-hot-right-now/ (17 September 2018), by Jonah Goldberg, Commentary
1990s

Life , People , Truth , Family

“The first dimension is called "competition," and it refers to that aspect of an economic system in which exchanges of one sort or another play the most important part. In capitalism, of course, competition and exchange occur primarily in markets.”

Samuel Bowles (1939) American economist

Source: Understanding Capitalism: Competition, Command, and Change, 2005, p. 54

Parting

“There [is]… a list of five tests which any body of doctrine which aspires to the name of economic theory must be able to meet:
1. Economic theory should unify economic science. - The task of a general body of theory in any subject is to give unity to its investigations…
2. Economic theory should be relevant to the modern problem of control. - Students of economics should spend their efforts upon subjects worth investigation…
3. The proper subject-matter of economic theory is institutions. - The demand that economic theory relate to institutions is implicit in the plea for its relevancy…
4. Economic theory is concerned with matters of process. - If economic theory is to treat of institutions it must know both the kinds of things institutions are and the kinds of things they are not…
5. Economic theory must be based upon an acceptable theory of human behavior.”

Walton Hale Hamilton (1881–1958) Yale Law Professor

After all control and institutions and processes are immediate things. They can all be translated into terms of human conduct...
Source: The Institutional Approach to Economic Theory, 1919, p. 311-6

Behavior , Problem , Effort , Science

“Doing GPL work is doing charity work in our current legal and economic framework.”

Hans Reiser (1963) American computer programmer, entrepreneur, and convicted murderer

Source: Interview with Hans Reiser http://archive.is/20121228020732/kerneltrap.org/node/5654

“The most likely scenario is that EMU (Economic and Monetary Union of the European Union) will occur but will neither end Europe’s currency troubles nor solve its prosperity problems.”

Rudiger Dornbusch (1942–2002) German economist

Euro fantasies, 1996

Problem

“The importance to Smith of the overall set of values in which the economy operates is generally ignored by his followers in the late twentieth century. His economics, based upon individual self-interest, is remembered, but his moral framework is not.”

Paul Ormerod book The Death of Economics

Part I, Chapter 1, Economics in Crisis, p. 14
The Death of Economics (1994)

“… in economic political discussions there is a nearly infinite number of specific questions that may be asked. Besides the ones mentioned in section 3 consider for instance these: "Should we build a road between points A and B in the country?", "Should we promote investments that will give employment to many people, or should we on the contrary promote such investment which will save labour?"… "Should we put more emphasis on things that have up to now not been included in the statistical concept of the gross national product? For instance, should we try to avoid air-pollution and all the kinds of intoxications that may be caused by refuse and waste (a problem that must be studied in its totality as a problem of circulation of matter in society, much in the same way as we study interindustry relations in an input-output table)?“, “Should we assess economic value to an undisturbed nature?””

Ragnar Frisch (1895–1973) Norwegian economist

etc.
Source: 1970s and later, From Utopian Theory to Practical Applications, 1970, p. 29

People , Way , Question , Nature

“Our challenge is to create the kind of economic background which enables private initiative and private enterprise to flourish for the benefit of the consumer, employee, the pensioner, and society as a whole…I believe we should judge people on merit and not on background. I believe the person who is prepared to work hardest should get the greatest rewards and keep them after tax. That we should back the workers and not the shirkers: that it is not only permissible but praiseworthy to want to benefit your own family by your own efforts”

Margaret Thatcher (1925–2013) British stateswoman and politician

Speech at Young Conservative Conference (8 February 1975) http://www.margaretthatcher.org/document/102484
Shadow Secretary for Environment

People , Family , Effort , Personality

“We may predict that the science of which we try to be the humble and devoted servants will in the future life of the nations be an important factor in eliminating maladjustments between fundamental economic sectors and assure a smooth and progressive utilization of resources… One wants men with a knowledge of the characteristic features of the economic and social structure of their country and with a fundamental theoretical knowledge along modern lines.”

Ragnar Frisch (1895–1973) Norwegian economist

Frisch, (1946, p. 1), as quoted in: " Ragnar Frisch 1895-1995 https://www.ssb.no/a/histstat/doc/doc_199403.pdf." O. Bjerkholt, 1994.
1940-60s

Life , Men , Knowledge , Science

“We can see good economic policies in the context of a consistent analysis of the economy.”

Peter Temin (1937) American economist

Why Keynes is Important Today (2014)

“Our anti-Mammonistic battle, which is ranged above the other two battle-fronts, is directed against the world-encompassing financial power, that is, against the permanent financial and economic bleeding and exploitation of our people through large loan capital. This battle however is, on the other hand, also a powerful intellectual struggle against the soul-destroying materialistic spirit of egoism and avarice with all its concomitant corrupting manifestations in all fields of our public, economic and cultural life.”

Gottfried Feder (1883–1941) German economist and politician

Source: The German State on a National and Socialist Foundation (1923), p. 57

Life , People , World , Soul

“Economics is harder than physics; luckily it is not quite as hard as sociology. Why is economics such a hard subject? Part of the answer has to do with complexity. The economy cannot be put in a box. […] Another reason economics is hard is that the critical sociologist is right: it involves human beings, who do not behave in simple, mechanical ways.”

Paul Krugman book Peddling Prosperity

Preface
Peddling Prosperity (1994)

Way , Parting , Box

“It would be silly, of course, to be either 'for' or 'against' modernity tout court, not only because it is pointless to try to stop the development of technology, science, and economic rationality, but because both modernity and antimodernity may be expressed in barbarous and antihuman terms.”

Leszek Kolakowski (1927–2009) Philosopher, historian of ideas

"Modernity on Endless Trial" (1986)

Science

“… still many physicists are convinced to "see" the particle in a cloud chamber or on a scintillation screen, therefore accepting classical particle coordinates as pieces of reality. But what one concludes to see depends on the chosen model of reality, and this model can only be judged by its success in consistently and economically describing the observations”

H. Dieter Zeh (1932–2018) German physicist

therefore interpolating between them
Information and determinism, Epist. Letters (Ferdinand Gonseth Association) (1980) 49.0.

Reality , Success , Dependency

“The foremost challenge is that of the knowledge revolution. Economic power will depend on creativity and innovation. Creation of wealth will move from traditional resources to the one asset: knowledge.”

Talal Abu-Ghazaleh (1938) Jordanian businesspeople

June 27, 1999, Crans Montana Forum, Switzerland.

Knowledge , Dependency , Wealth

“Believing that presidents have taxing and spending powers leaves Congress less politically accountable for our deepening economic quagmire. Of course, if you’re a congressman, not being held accountable is what you want.”

Walter E. Williams (1936) American economist, commentator, and academic

2010s, American Contempt for Liberty (2015)

“Modern macroeconomics flourished in its pursuit of the secrets of long-run economic growth, but it neglected short-run economic problems. In the long run, prices are flexible, and the growth of the economy is determined by the growth in the ability to supply goods and services. But in the short run prices are not flexible. Growth can be held back because prices are too high and, as a result, demand is too low. Keynes made his name by analyzing short-run problems caused by the stickiness or even rigidity of some important prices. But these Keynesian ideas were abandoned by modern macroeconomics.”

Peter Temin (1937) American economist

Why Keynes is Important Today (2014)

Secret , Idea , Problem

“There are numerous theorems in economics that rely upon mathematically fallacious propositions.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 12, Don't Shoot Me, I'm Only The Piano, p. 259

Mathematics

“From the beginning I could not believe that the “efficient market” hypothesis was dependent on a pure Brownian motion white noise or any truly random random walk. Place a minuscule colloidal molecule on a horizontal table that covers unlimited acres. Bombard it from every direction with thousands of minute atoms; and then if you wait long enough that original molecule can have traveled a billion miles in one direction. That’s truly a random Bachelier-Einstein walk, but not my notion of economic fluctuations.”

Paul A. Samuelson (1915–2009) American economist

New millennium, An Enjoyable Life Puzzling Over Modern Finance Theory, 2009

Travel , Waiting , Dependency

“Whenever social costs are shifted onto economically and politically weaker sections of society without compensation, a redistribution of the costs of production, hence real income is involved.”

Karl William Kapp (1910–1976) American economist

Knapp, 1972 cited in: Sebastian Berger and Mathew Forstater (2007) "Toward a Political Institutionalist Economics: Kapp’s Social Costs, Lowe’s Instrumental Analysis, and the European Institutionalist Approach to Environmental Policy". In: Journal of Economic Issues. Vol.XLI, No.2, June 2007. p. 539

“The great goal of the backlash is to nurture a cultural class war, and the first step in doing so, as we have seen, is to deny the economic basis of social class. After all, you can hardly deride liberals as society’s "elite" or present the GOP as the party of the common man if you acknowledge the existence of the corporate world — the power that creates the nation’s real elite, that dominates its real class system, and that wields the Republican Party as its personal political system.”

Thomas Frank book What's the Matter with Kansas?

Ibid. (p. 128).
What's the Matter with Kansas? (2004)

War , World , Personality

“The Baghdad regime is the first oil-producing government to opt for 100-per-cent nationalisation, a process completed with the acquisition of foreign assets in Basrah last December. It was the first to call for the use of oil as a political weapon against Israel and her backers. It gives strong economic and political support to the ‘Rejection Front’ Palestinians who oppose Arafat’s conciliation and are currently trying to outface the Syrians in Beirut. And it has a leader — Saddam Hussain — who has sprung from being an underground revolutionary gunman to perhaps the first visionary Arab statesman since Nasser.”

Christopher Hitchens (1949–2011) British American author and journalist

1976-04-02
Iraq Flexes Arab Muscle
New Statesman
http://www.newstatesman.com/200707050056
1970s

Support , Strong

“An iniquitous social structure has produced an iniquitous power structure. Individuals and parties are not at fault. Political, social and economic monopolies exclude a large section of the masses from decision-making. To that extent they are undemocratic. So far teams of the ruling elite played and the rest were called to applaud. Now the onlookers are saying we also want to kick and net a goal, and we have our own team.”

V. P. Singh (1931–2008) Indian politician

On the changes occurring in the political structure of the country
We are ruled by an upper caste Hindu raj

Decision

“It proved to be essential to clear the site for the new building. This idea was a forerunner of futurism which exposed the relentless nature of its motivating power. Revolutions had started undercover, everything grew more complicated. Painting economical in its creative output was still very complicated and uneconomical in its expression. cubism and futurism seized upon the purity of form treatment and colour and built a complicated and extensive system with them combining them without any regard for harmony. The rebuilding of life cast aside the old concept of nations classes patriotism and imperialism which had been completely discredited.”

El Lissitsky (1890–1941) Soviet artist, designer, photographer, teacher, typographer and architect

1915 - 1925, Suprematism' in World Reconstruction (1920)

Life , Motivation , Idea , Nature

“[About Ada] For none of the evidence we have so far can inspire confidence that this language has avoided any of the problems that have afflicted other complex language projects of the past. […] It is not too late! I believe that by careful pruning of the ADA language, it is still possible to select a very powerful subset that would be reliable and efficient in implementation and safe and economic in use.”

C. A. R. Hoare (1934) British computer scientist

The Emperor's Old Clothes

Confidence , Problem , Affliction , Past

“Anyone who has actually had to take responsibility for consequences by running any kind of enterprise — whether economic or academic, or even just managing a sports team — is likely at some point to be chastened by either the setbacks brought on by his own mistakes or by seeing his successes followed by negative consequences that he never anticipated.”

Thomas Sowell (1930) American economist, social theorist, political philosopher and author

Real Clear Politics Nov 2008 http://www.realclearpolitics.com/articles/2008/11/ego_and_mouth.html
2000s

Sport , Success

“Diverting attention from the way in which certain beliefs, desires, attitudes, or values are the result of particular power relations, then, can be a sophisticated way of contributing to the maintenance of an ideology, and one that will be relatively immune to normal forms of empirical refutation. If I claim (falsely) that all human societies, or all human societies at a certain level of economic development, have a free market in health services, that is a claim that can be demonstrated to be false. On the other hand, if I focus your attention in a very intense way on the various different tariffs and pricing schema that doctors or hospitals or drug companies impose for their products and services, and if I become morally outraged by “excessive” costs some drug companies charge, discussing at great length the relative rates of profit in different sectors of the economy, and pressing the moral claims of patients, it is not at all obvious that anything I say may be straightforwardly “false”; after all, who knows what “excessive” means? However, by proceeding in this way I might well focus your attention on narrow issues of “just” pricing, turning it away from more pressing issues about the acceptance in some societies of the very existence of a free market for drugs and medical services. One can even argue that the more outraged I become about the excessive price, the more I obscure the underlying issue. One way, then, in which a political philosophy can be ideological is by presenting a relatively marginal issue as if it were central and essential.”

Raymond Geuss book Philosophy and Real Politics

Source: Philosophy and Real Politics (2008), p. 54.

Health , Way , Falseness

“The Economic definition of Wealth is subtle and diflicult to appreciate, but it is absolutely essential to our study to get it clear at the outset and keep it firmly in mind.”

Hilaire Belloc (1870–1953) writer

Source: Economics for Helen (1924), Ch. 1 : What is Wealth?

Study , Wealth

“A just and lasting peace demands apologies and forgiveness. … A just and lasting peace embraces gender equality. … A just and lasting peace calls for economic reforms.”

Newton Lee American computer scientist

Counterterrorism and Cybersecurity: Total Information Awareness (2nd Edition), 2015

Peace , Forgiveness

“On the other hand, we must see what peace for the Arabs means in a real sense of security on another level. Peace for the Arabs means the kind of economic security that they so desperately need. These nations, as you know, are part of that third world of hunger, of disease, of illiteracy. I think that as long as these conditions exist there will be tensions, there will be the endless quest to find scapegoats. So there is a need for a Marshall Plan for the Middle East, where we lift those who are at the bottom of the economic ladder and bring them into the mainstream of economic security.”

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

68th Annual Convention of the Rabbinical Assembly for Conservative Judaism, March 25, 1968, less than 2 weeks before his death. Source: Martin Luther King's pro-Israel legacy by Allen B. West on February 15, 2014 at AllenBWest.com. http://allenbwest.com/2014/02/martin-luther-kings-pro-israel-legacy/, See also 2014-06-09 Youtube video Dr. King's pro-Israel Legacy (in 5 minutes) by IBSI - Institute for Black Solidarity with Israel https://www.youtube.com/watch?v=0Dd7pIB0CP0
1960s

Hunger , World , Disease , Peace

“If the ideas of a ruling class were once the dominant (or hegemonic) ideology of bourgeois society, the advanced capitalist countries today are now a field of stylistic and discursive heterogeneity without norm. Faceless masters continue to inflect the economic strategies which constrain our existence, but they no longer need to impose their speech (or are henceforth unable to); and the postliteracy of the late capitalist world reflects not only the absence of any great collective project but also the unavailability of the older national language itself.”

Fredric Jameson (1934) American academic

Source: Postmodernism: Or, The Cultural Logic of Late Capitalism (1991), Chapter 1: The Cultural Logic of Late Capitalism

World , Idea , Country

“[A balanced economic system is one which provides] sufficiency for all and superfluity for some. The MNCs have entered the country like nomads. The majority doesn't need Pepsi or Coke, they want water. You can have your skyscrapers and Cokes but before this you must ensure that that tribal girl defecating in the open has the privacy of a toilet.”

Baba Amte (1914–2008) Indian freedom fighter, social worker

After 50 years what democracy is this?

Girl , Water , Country

“Most American officials viewed Prime Minister Haris Silajdzic as the Bosnia leader with the broadest vision - an eloquent advocate of a multiethnic state. But his power struggles with Izetbegović and Sacirbey and other members of the Bosnian government often isolated him. His collegues complained that he was difficult to work with. He carried a serious additional burden: Tuđman and Milošević distrusted him. Nevertheless, Silajzic was one of the two msot popular Muslim politicians in Bosnia, along with Izetbegović. My own feelings about Silajdzic shifted frequently. There was something touching about his intensity and energy, and his constant desire to improve himself intellectually. Although always busy, he seemed alone - his wife and son lived in Turkey. Silajdzic was the only Bosnian official who seemed genuinely to care about economic reconstruction of his ravaged land. His unpredictable moods worried us, but his support would be essential for any peace agreement.”

Richard Holbrooke (1941–2010) American diplomat

Source: 1990s, To End a War (1998), p. 188

Peace , Feeling , Mood , Business

“But institutional economics is the field of the public interest in private ownership, which shows itself behavioristically in buying and selling, borrowing and lending, hiring and firing, leasing and renting. The private interests become the field of intangible yet quantitative and measurable rights, duties, liberties and exposures to the liberties of others. These are various aspects of rights of ownership. What we buy and sell is not material things and services but ownership of materials and services. The correlation of engineering economics, home economics, and institutional economics makes up the whole of the science of political economics.”

John R. Commons (1862–1945) United States institutional economist and labor historian

Source: "Institutional economics," 1936, p. 243

Home , Science

“To summarize, the production of information and its use in transactions both incur costs and are thus subject to economizing. In the 1970s, there occurred a revival of interest among economists in the economics of transaction, and Oliver Williamson in particular, building on the earlier work of Ronald Coase and John Commons, has explored the different institutional arrangements that govern transactional choices.”

Max Boisot (1943–2011) British academic and educator

Variant: To summarize, the production of information and its use in transactions both incur costs and are thus subject to economizing. In the 1970s, there occurred a revival of interest among economists in the economics of transaction, and Oliver Williamson in particular, building on the earlier work of Ronald Coase and John Commons, has explored the different institutional arrangements that govern transactional choices.
Source: Knowledge Assets, 1998, p. 235

“[SEWA] have been doing many different things, leading the SEWA movement which is about economic freedom for the poor, women, and self employed.”

Ela Bhatt (1933) founder of the Self-Employed Women's Association of India (SEWA)

Discussion with Ela Bhatt, Founder, Self-Employed Women's Association (SEWA)

Women , Freedom

“Keynes's economic philosophy is thus made up of three interdependent parts: his technical macroeconomics, his embattled political philosophy and his ultimate ethical purpose.”

Robert Skidelsky (1939) Economist and author

John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman (2003), Introduction

Parting

“We know that the traditional African society was founded on principles of egalitarianism. In its actual workings, however, it had various shortcomings. Its humanist impulse, nevertheless, is something that continues to urge us towards our all-African socialist reconstruction. We postulate each man to be an end in himself, not merely a means; and we accept the necessity of guaranteeing each man equal opportunities for his development. The implications of this for socio-political practice have to be worked out scientifically, and the necessary social and economic policies pursued with resolution. Any meaningful humanism must begin from egalitarianism and must lead to objectively chosen policies for safeguarding and sustaining egalitarianism. Hence, socialism. Hence, also, scientific socialism.”

Kwame Nkrumah (1909–1972) Pan Africanist and First Prime Minister and President of Ghana

African Socialism Revisited http://www.marxists.org/subject/africa/nkrumah/1967/african-socialism-revisited.htm, 1967.

“There are two ways of considering society. According to some, the development of human associations is not subject to providential, unchangeable laws. Rather, these associations, having originally been organized in a purely artificial manner by primeval legislators, can later be modified or remade by other legislators, in step with the progress of social science. In this system the government plays a preeminent role, because it is upon it, the custodian of the principle of authority, that the daily task of modifying and remaking society devolves.According to others, on the contrary, society is a purely natural fact. Like the earth on which it stands, society moves in accordance with general, preexisting laws. In this system, there is no such thing, strictly speaking, as social science; there is only economic science, which studies the natural organism of society and shows how this organism functions.”

Gustave de Molinari (1819–1912) Belgian political economist and classical liberal theorist

Source: The Production of Security (1849), p. 15-16

Law , Way , Nature , Study

“The position I favor is that economics is a science, but a rather pathological one.”

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. 148

Science

“As Adam Smith once said, "There is much ruin in a nation". Our basic structure of values and the interwoven network of free institutions will withstand much. I believe that we shall be able to preserve and extend freedom despite the size of the military programs and despite the economic powers already concentrated in Washington. But we shall be able to do so only if we awake to the threat that we face, only if we persuade our fellowmen that free institutions offer a surer, if perhaps at times a slower, route to the ends they seek than the coercive power of the state. The glimmerings of change that are already apparent in the intellectual climate are a hopeful augury.”

Milton Friedman book Capitalism and Freedom

Source: Capitalism and Freedom (1962), Ch. 13 Conclusion

Hope , Freedom , Change , Time

“A solution of newly appearing economic problems, and in particular those connected with the scientific-technical revolution often cannot be based on existing methods but needs new ideas and approaches. Such one is the problem of the protection of nature. The problem of economic valuation of technical innovations efficiency and rates of their spreading cannot be solved only by the long-term estimation of direct outcomes and results without accounting peculiarities of new industrial technology, its total contribution to technical progress.”

Leonid Kantorovich (1912–1986) Russian mathematician

"Mathematics in Economics: Achievements, Difficulties, Perspectives," 1975

Idea , Nature , Problem , Appearance

“I'm not a scientist, man. I can tell you what recorded history says, I can tell you what the Bible says, but I think that's a dispute amongst theologians and I think it has nothing to do with the gross domestic product or economic growth of the United States. I think the age of the universe has zero to do with how our economy is going to grow. I'm not a scientist. I don't think I'm qualified to answer a question like that. At the end of the day, I think there are multiple theories out there on how the universe was created and I think this is a country where people should have the opportunity to teach them all. I think parents should be able to teach their kids what their faith says, what science says. Whether the Earth was created in 7 days, or 7 actual eras, I'm not sure we'll ever be able to answer that. It's one of the great mysteries.”

Marco Rubio (1971) U.S. Senator from state of Florida, United States; politician

2012
December
All Eyez on Him
Michael
Hainey
GQ
http://www.gq.com/news-politics/politics/201212/marco-rubio-interview-gq-december-2012?currentPage=2
Posed question: How old do you think the Earth is?
2010s, 2012

People , Age , Faith , History

“In reference to the Prussian three-class, many had forgotten that the Prussian three-class system made the publicity of the ballot obligatory, and thereby in advance practically disfranchised all who were dependent, either economically, socially or politically, that is, the great majority of the population, and by this means alone rendered it impossible for the masses to take part in the election or get up any general enthusiasm.”

Wilhelm Liebknecht (1826–1900) German socialist politician

No Compromise – No Political Trading (1899)

Parting , Dependency

“A sharp contrast existed between the upper classes who constantly moved from manor to manor and the peasants who were tied to the land and lived in agricultural villages outside the castle walls. Yet economic opportunities expanded for both groups.”

Marilyn Stokstad (1929–2016) art historian

Source: Medieval castles (2005), Ch. 3 : The Castle as Headquarters : The Political and Economic Role of the Castle

“It seemed as impossible to conceive of Auschwitz with God as to conceive of Auschwitz without God. Therefore, everything had to be reassessed because everything had changed. With one stroke, mankind's achievements seemed to have been erased. Was Auschwitz a consequence or an aberration of "civilization"? All we know is that Auschwitz called that civilization into question as it called into question everything that had preceded Auschwitz. Scientific abstraction, social and economic contention, nationalism, xenophobia, religious fanaticism, racism, mass hysteria. All found their ultimate expression in Auschwitz.”

Elie Wiesel (1928–2016) writer, professor, political activist, Nobel Laureate, and Holocaust survivor

Hope, Despair, and Memory (1986)

God , Question , Change

“The consumer society is so all-pervasive today that it is easy to assume it has always existed. Yet in reality it is one of the more recent innovations that propelled the West ahead of the Rest. Its most striking characteristic is its seemingly irresistible appeal… The result is one of the greatest paradoxes of modern history: that an economic system designed to offer infinite choice to the individual has ended up homogenizing humanity.”

Niall Ferguson book Civilization: The West and the Rest

Civilization: The West and the Rest (2011)

History , Reality

“While one welcomes aid that gets through to help the poorest people in the poorest parts of the world, does my hon. Friend share my concern that some policies, particularly those adopted by the World Bank in its advice to poor countries in receipt of loans it organises, force on those countries economic models that often involve cuts in public expenditure which make the living conditions of people dependent on public services, health, education or housing worse because those countries are pursuing some economic Valhalla similar to that pursued by the present Government? Does he believe that the Government should consider their role in multinational agencies such as the World Bank as well as my hon. Friend's obvious and quite correct concern about the lack of spending on overseas aid in general?”

Jeremy Corbyn (1949) British Labour Party politician

Question http://hansard.millbanksystems.com/commons/1988/jul/28/overseas-aid-and-development in the House of Commons (28 July 1988).
1980s

People , Health , World , Education

“The pioneering instrument of reform was the Bank of England. Of all institutions concerned with economics none has for so long enjoyed such prestige. It is, in all respects, to money as St. Peter's is to Faith.”

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

Source: Money: Whence It Came, Where It Went (1975), Chapter IV, The Bank, p. 30

Money , Faith

“Let us assume that we invited an unknown person to a game of cards. If this person answered us, “I don’t play,” we would either interpret this to mean that he did not understand the game, or that he had an aversion to it which arose from economic, ethical, or other reasons. Let us imagine, however, that an honorable man, who was known to possess every possible skill in the game, and who was well versed in its rules and its forbidden tricks, but who could like a game and participate in it only when it was an innocent pastime, were invited into a company of clever swindlers, who were known as good players and to whom he was equal on both scores, to join them in a game. If he said, “I do not play,” we would have to join him in looking the people with whom he was talking straight in the face, and would be able to supplement his words as follows: “I don’t play, that is, with people such as you, who break the rules of the game, and rob it of its pleasure. If you offer to play a game, our mutual agreement, then, is that we recognize the capriciousness of chance as our master; and you call the science of your nimble fingers chance, and I must accept it as such, it I will, or run the risk of insulting you or choose the shame of imitating you.” … The opinion of Socrates can be summarized in these blunt words, when he said to the Sophists, the leaned men of his time, “I know nothing.””

Johann Georg Hamann (1730–1788) German philosopher

Therefore these words were a thorn in their eyes and a scourge on their backs.
Socratic Memorabilia, J. Flaherty, trans. (Baltimore: 1967), pp. 165-167.

Men , People , Pleasure , Imagination

“Clay masonry, like concrete, is a "plastic" material that permits the pouring in situ of large monoliths of any shape or form, with certain limitations and by using special methods. Its economical possibilities when used in walls of popular housing, its excellent heat and sound insulation, as well as its aesthetic possibilities, should not be underestimated. Its resistance and durability can be substantially improved by using modern techniques and methods, for example, admixture of small amounts of Portland cement in accordance with granulometric investigation, petrographic composition, and rheological behaviour of all constituents.”

Eduardo Torroja (1899–1961) Spanish architect

Philosophy of Structures (1958)

Housing

“In principle, every social situation involves strategic interaction among the participants. Thus, one might argue that proper understanding of any social situation would require game-theoretic analysis. But in actual fact, classical economic theory did manage to sidestep the game-theoretic aspects of economic behavior by postulating perfect competition, i. e., by assuming that every buyer and every seller is very small as compared with the size of the relevant markets, so that nobody can significantly affect the existing market prices by his actions.”

John Harsanyi (1920–2000) hungarian economist

Source: "Games with Incomplete Information," 1997, p. 136

Behavior , Game , Understanding , Perfection

“Auschwitz existed within history, not outside of it. The main lesson I learned there is simple: We Jews should never, ever become like our tormentors … Since 1967 it has become obvious that political Zionism has one monolithic aim: Maximum land in Palestine with a minimum of Palestinians on it. This aim is pursued with an inexcusable cruelty as demonstrated during the assault on Gaza. The cruelty is explicitly formulated in the Dahiye doctrine of the military and morally supported by the Holocaust religion.I am pained by the parallels I observe between my experiences in Germany prior to 1939 and those suffered by Palestinians today. I cannot help but hear echoes of the Nazi mythos of "blood and soil" in the rhetoric of settler fundamentalism which claims a sacred right to all the lands of biblical Judea and Samaria. The various forms of collective punishment visited upon the Palestinian people -- coerced ghettoization behind a "security wall"; the bulldozing of homes and destruction of fields; the bombing of schools, mosques, and government buildings; an economic blockade that deprives people of the water, food, medicine, education and the basic necessities for dignified survival -- force me to recall the deprivations and humiliations that I experienced in my youth. This century-long process of oppression means unimaginable suffering for Palestinians.”

Hajo Meyer (1924–2014) Dutch physicist

" An Ethical Tradition Betrayed http://www.huffingtonpost.com/hajo-meyer/an-ethical-tradition-betr_b_438660.html," huffingtonpost.com, Jan. 27, 2010. Retrieved on March 27, 2010.

Pain , People , Youth , Education

“Economists, like everyone, have their political biases, but these are by no means as strong an influence on what they are willing to consider as you might think. For example, one might have thought that strongly liberal economists like, say, James Tobin would be at least mildly sympathetic to the views of radical economists who draw their inspiration from Marx, or of heterodox economic thinkers like Galbraith. After all, in such fields as history and sociology the Marxist or post-Marxist left has long received a respectful hearing. And yet you don't find this happening: liberal economists are almost as quick as their conservative colleagues to condemn heterodox leftist ideas as foolish it was the liberal Robert Solow, not Milton Friedman, who defended orthodoxy in the bitter "capital controversy" with British radicals.”

Paul Krugman (1953) American economist

Development, Geography, and Economic Theory (1995), Ch. 1. The Fall and Rise of Development Economics

History , Idea , Thinking , Strong

“North Korea cannot survive forever on the public perception of state legitimacy alone. The more it loses its economic distinctiveness vis-à-vis the rival state, the more the Kim regime must compensate with triumphs on the military and nuclear fronts. Another act of aggression against the Republic of Korea may well take place in the months ahead, not only to divert North Korean public attention from the failures of the consumer-oriented 'Strong and Prosperous Country' campaign, but also to strengthen the appeasement-minded South Korean opposition in the run-up to the presidential election in 2012.”

Brian Reynolds Myers (1963) American professor of international studies

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

Failure , Strong , Country

“From the very beginning of hostilities, came into conflict the two ideas which for fifty months were to struggle for the dominion of the world - the idea of sovereign force, which accepts neither control nor check, and the idea of justice, which depends on the sword only to prevent or repress the abuse of strength…the war gradually attained the fullness of its first significance, and became, in the fullest sense of the term, a crusade of humanity for Right; and if anything can console us in part at least, for the losses we have suffered, it is assuredly the thought that our victory is also the victory of Right. This victory is complete, for the enemy only asked for the armistice to escape from an irretrievable military disaster…And in the light of those truths you intend to accomplish your mission. You will, therefore, seek nothing but justice, "justice that has no favourites," justice in territorial problems, justice in financial problems, justice in economic problems. But justice is not inert, it does not submit to injustice. What it demands first, when it has been violated, are restitution and reparation for the peoples and individuals who have been despoiled or maltreated. In formulating this lawful claim, it obeys neither hatred nor an instinctive or thoughtless desire for reprisals. It pursues a twofold object - to render to each his due, and not to encourage crime through leaving it unpunished.”

Raymond Poincaré (1860–1934) 10th President of the French Republic

Welcoming Address http://www.firstworldwar.com/source/parispeaceconf_poincare.htm at the Paris Peace Conference (18 January 1919).

Hostility , War , People , Truth

“I think the issues happen to be so important for the future of Canada. (spoken over Brian Mulroney's objections) I happen to believe that you've sold us out…once any country yields its economic levers, once a country yields its investments, once a country yields its energy, once a country yields its agriculture, once a country opens itself to a subsidy war with the United States on terms of definition, then the political ability of this country to sustain the influence of the United States, to remain as an independent nation- that is lost forever!”

John Turner (1929) 17th Prime Minister of Canada

Attacking the Free Trade agreement in the 1988 Federal Election debate, October 25, 1988.
Source: https://www.cbc.ca/archives/entry/mulroney-battles-turner-on-free-trade-in-1988

War , Country , Thinking , Future