Quotes about economy (1477 quotes, page 13)

“The nation’s economy is not just the sum of its individuals. It is an interwoven context that we all share. To stabilize that communal landscape, sometimes you have to shower money upon those who have been foolish or self-indulgent. The greedy idiots may be greedy idiots, but they are our countrymen. And at some level, we’re all in this together. If their lives don’t stabilize, then our lives don’t stabilize.”

David Brooks (1961) American journalist, commentator and editor

David Brooks. "Money for Idiots," http://archive.li/EzXTi The New York Times, 19 February 2009.
2000s

Money , Communication

“To understand the economy then is to comprehend how it is driven by the animal spirits. Just as Adam Smith’s invisible hand is the keynote of classical economics, Keynes’ animal spirits are the keynote to a different view of the economy — a view that explains the underlying instabilities of capitalism.”

George Akerlof book Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism

George Akerlof and Robert Shiller. Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, 2009, Preface

Understanding , Animals

“Imagine what it's like to be a young person living in a country that is not moving toward reform… While your peers in other parts of the world have received educations that prepare them for the opportunities of a global economy, you have been fed propaganda and conspiracy theories that blame others for your country's shortcomings.”

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

2000s, 2006, United Nations General Assembly speech (September 2006)

World , Education , Imagination , Parting

“Stunningly, as bad as things were under Saddam—and we have to keep in mind this perspective of Saddam in the wake of a brutal eight-year war with Iran and then the genocidal sanctions for 13 years, from 1991 up until the beginning of this invasion in March 2003—as bad as it was under Saddam, with the repression and the detentions and the torture and the killings, the overall feeling of Iraqis today, in and other places in Iraq where I went this trip, was that things are much worse now. There’s less—far less security. You don’t really know where you can go and what you can do and know that you’re going to have any kind of safety. “Any time that we send our kids out to school now,” is what I was told, “we don’t know for sure on any given day that they’re going to come back.” And so, the prevailing sentiment is that, yes, it was good initially to have Saddam removed, but people are still concerned with basic things like security, an economy stable enough to be able to have a job to work, to have food and provide something for your family. And these things just no longer exist today in Iraq. So the prevailing sentiment is that it’s far worse now even than it was under Saddam Hussein.”

Dahr Jamail (1968) American journalist

Ten Years Later, U.S. Has Left Iraq with Mass Displacement & Epidemic of Birth Defects, Cancers https://www.democracynow.org/2013/3/20/ten_years_later_us_has_left (March 20, 2013), '.

War , People , School , Family

“Profits and prices are the street signs of the economy. Only fools flout them. The much–maligned price system works not only to secure supply but to conserve.”

Ilana Mercer South African writer

"The Goods on Gas," http://www.ilanamercer.com/phprunner/public_article_list_view.php?editid1=7 WorldNetDaily.com, July 13, 2008.
2000s, 2008

Fools

“Lucas and Sargent’s main argument was that Keynesian economics had ignored the full implications of the effect of expectations on behavior. The way to proceed, they argued, was to assume that people formed expectations as rationally as they could, based on the information they had. Thinking of people as having rational expectations had three major implications, all highly damaging to Keynesian macroeconomics. …
The first implication was that existing macroeconomic models could not be used to help design policy. … The second implication was that when rational expectations were introduced in Keynesian models, these models actually delivered very un-Keynesian conclusions. … The third implication was that if people and firms had rational expectations, it was wrong to think of policy as the control of a complicated but passive system. Rather, the right way was to think of policy as a game between policy makers and the economy. …
To summarize: When rational expectations were introduced, Keynesian models could not be used to determine policy; Keynesian models could not explain long-lasting deviations of output from the natural level of output; the theory of policy had to be redesigned, using the tools of game theory.”

Olivier Blanchard (1948) French economist

Source: Macroeconomics (7th Edition, 2017), Ch. 24 : Epilogue: The Story of Macroeconomics

People , Way , Behavior , Game

“In this book I try to show how models of self-organization can be applied to many economic phenomena - how the principle of "order from instability," which explains the growth of hurricanes and embryos, can also explain the formation of cities and business cycles; how the principle of "order from random growth" can explain the strangely simple rules that describe the sizes of earth quakes, meteorites, and metropolitan areas. I believe that the ideas of self-organization theory can add substantially to our understanding of the economy; whatever their ultimate usefulness, these ideas are very exciting, and playing around with them is tremendous fun.”

Paul Krugman (1953) American economist

Preface
The Self-Organizing Economy (1996)

Books , Idea , Understanding , Business

“The rooms were confining, the windows minuscule, the ceilings perilously low. She could not have spent much money on the furnishings, which were shabby, threadbare, nicked, and splintered—I had seen better furniture abandoned at Montreal curbsides.
But if her book-cases were humble, they were bowed under the weight of surprisingly many books—almost as many as there had been in the library of the Duncan and Crowley Estate back in Williams Ford. It seemed to me a treasure more estimable than any fine sofa or plush footstool, and worth all the rough economies surrounding it.”

Robert Charles Wilson book Julian Comstock: A Story of 22nd-Century America

Source: Julian Comstock: A Story of 22nd-Century America (2009), pp. 146-147

Money , Books

“Existing regulators had all the powers they needed, and more, and they failed miserably to foresee and prevent this crisis. Chris Dodd is now asking us to put all our eggs in one basket and trust a "super regulatory agency." He should know better than to centralize power in the hands of Washington bureaucrats - it's precisely the arrangement that caused our current problems. I think most Connecticut voters know that we need fewer czars in Washington, not more. As long as Fannie and Freddie and Congress are meddling with the economy, changing the structure of the regulators is basically rearranging deck chairs on the Titanic.”

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

2010 Senate Campaign, Remarks regarding Christopher Dodd

Problem , Thinking , Change

“What we want before all things is a bold retrenchment of expenditure. I may take a too one-sided view of the matter, but I consider nine-tenths of all our future dangers to be financial, and when I came home from the continent, it was with a determination to go on with fiscal reform and economy as a sequence to Free Trade.”

Richard Cobden (1804–1865) English manufacturer and Radical and Liberal statesman

Letter to W. R. Greg (15 May 1848), quoted in John Morley, The Life of Richard Cobden (London: T. Fisher Unwin, 1905), p. 487.
1840s

Home , Future

“Authoritarian governments are now trying to ensure that the increasingly free flow of ideas and information through cyberspace fuels their economies without threatening their political power.”

Ian Bremmer (1969) American political scientist

"Democracy in Cyberspace," Foreign Affairs (November/December 2010).

Idea

“I think if Obama is reelected, then that'll be a disaster of immeasurable proportions. If the government takes over large segments of the economy, we will become a socialist state. The salvation of the Republican Party, and of the country and of the world, will be changing the conservative moment to reflect the principles of Abraham Lincoln. The platform on which Lincoln was elected in 1860 quoted part of the Declaration of Independence. Government is based on the consent of the governed.”

Harry V. Jaffa (1918–2015) American historian and collegiate professor

2010s, Interview with Eric Benson (2012)

World , Quotes , Thinking , Change

“The world economy is not yet a community--not even an economic community…Yet the existence of the "global shopping center" is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.”

Peter F. Drucker (1909–2005) American business consultant

The Age of Discontinuity (1969)
1960s - 1980s

World , Communication

“Intermediate between mathematics, statistics, and economics, we find a new discipline which, for lack of a better name, may be called econometrics. Econometrics has as its aim to subject abstract laws of theoretical political economy or "pure" economics to experimental and numerical verification, and thus to turn pure economics, as far as possible, into a science in the strict sense of the word.”

Ragnar Frisch (1895–1973) Norwegian economist

Ragnar Frisch (1926) "On a Problem in Pure Economics: Translated by JS Chipman." Preferences, Utility, and Demand: A Minnesota Symposium. 1926."
Original in French:
Intermediaire entre les mathematiques, la statistique et l'economie politique, nous trouvons une discipline nouvelle que ion peut, faute de mieux, designer sous le nom de reconometrie. L'econometrie se pose le but de soumettre les lois abstraites de l'economie politique theorique ou l'economie 'pure' A une verification experimentale et numeriques, et ainsi de constituer, autant que cela est possible, l'economie pure en une science dans le sens restreint de ce mot.
1920

Law , Mathematics , Sense , Science

““The main cause of poverty or financial struggle is fear and ignorance, not the economy or the government or the rich. It’s self-inflicted fear and ignorance that keeps people trapped.”

Robert T. Kiyosaki (1947) American finance author , investor

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!

People , Fear

“This paper has attempted to go beyond the usual static analysis of increasing-returns problems by examining the dynamical process that 'selects' an equilibrium from multiple candidates, by the interaction of economic forces and random 'historical events'. It shows how dynamically, increasing returns can cause the economy gradually to lock itself in to an outcome not necessarily superior to alternatives, not easily altered, and not entirely predictable in advance.”

W. Brian Arthur (1946) American economist

p, 128
Competing Technologies, Increasing Returns and Lock-in by Historical Events, (1989)

Problem

“I give up. Game over. The blame game is not over. Try as I may to get this administration to move on and claim ownership for this economy it's still, still blaming the prior administration for this economy. More than a year in still copping out. The mess we inherited, the bailouts we had to figure out, the banks that went bust, not on our watch but their watch, blah, blah, blah.”

Neil Cavuto (1958) American television presenter

"Cavuto is tired of hearing about inherited recession, bank foreclosures and bailouts, 'blah blah blah'" http://mediamatters.org/mmtv/201002030047, mediamatters.org, (February 3, 2010).

Game

“Will the tax cut destroy America’s prosperity? Probably not. As Adam Smith observed, there’s a deal of ruin in a nation. We have a huge, resilient economy that can survive and recover from even quite bad government policies.
Yet while the tax cut may not be a matter of economic life or death, it is a very serious issue. For one thing, like it or not, the tax cut has become the central political issue in the United States right now. Conservatives who want to reshape America view passage of a large tax cut as a first step toward realizing their vision. For that reason, those who do not share this vision feel, rightly, that they must oppose the plan.”

Paul Krugman (1953) American economist

Introduction
Fuzzy Math: The Essential Guide to the Bush Tax Plan (2001)

Life , Death , Feeling

“To understand how caste works concretely, one must, however, look beyond kinship organization and ritual idiom to the political economy of caste.”

Eric Wolf (1923–1999) American anthropologist

Source: Europe and the People Without History, 1982, Chapter 2, The World in 1400, p. 46.

Understanding

“If our society ever opted for Orwell’s Big Brother approach, the instrument of choice for oppression would have to be the credit wake. In a totally noncash economy with only a vestigial barter black market, a person’s activities could be tracked in real time by monitoring the credit wake of his or her universal card. There were strict laws protecting card privacy but laws had a bad habit of being ignored or abrogated when societal push came to totalitarian shove.”

Dan Simmons book Hyperion

Source: Hyperion (1989), Chapter 5 (p. 345)

Law , Universe , Time , Personality

“Among minor alterations, I may mention the substitution for the name political economy of the single convenient term economics. I cannot help thinking that it would be well to discard, as quickly as possible, the old troublesome double-worded name of our science.”

William Stanley Jevons The Theory of Political Economy

Preface To The Second Edition, p. 8.
The Theory of Political Economy (1871)

Thinking , Science , Help

“Without the progress of equality and improvement in the level of living at least beyond the poverty line, for one quarter of the population of the world who live in South Asia, there would be grave repercussions on the rest of the world. The problem of the underdeveloped country is, in one sense, of greater concern to the advanced countries because international rivalries and tensions arise from the desire to establish spheres of inﬂuence over underdeveloped areas. The very existence of underdeveloped regions would he therefore a continuing threat to world security, and world peace. A quick transformation of the underdeveloped countries into industrialized economies would reduce the sphere of conflicting interests; and hence decrease the tension between East and West.”

Prasanta Chandra Mahalanobis (1893–1972) Indian scientist

Quote, Professor P.C. Mahalanobis and the Development of Population Statistics in lndia

World , Peace , Problem , Sense

“I believe Finland's economy is based on Moomin juice.”

Russell Brand (1975) British comedian, actor, and author

Radio 2 Show (2007–2008)

“To improve the economy is not just a slogan, it requires tangible actions!”

Chen Shui-bian (1950) Taiwanese politician

During the opening of the Formosa Freeway, January 11, 2004
Pet Phrases, 2004

“Politics in this country are dominated by debates about our relationship with Europe and the Eurocentralism that goes with that. I am firmly an internationalist, so I am not necessarily opposed to Europe. However, I am opposed to a fortress Europe that basically creates wealth for itself at the expense of the world, creates an undemocratic control of government for the whole of Europe, and, in truth, works only for the good of multinational corporations and banking systems. It will cause further imbalances in world poverty and world trade arrangements. I view the free market of 1992 not as an opportunity, but as a disaster for very many people throughout the world. I believe that Europe will contribute to the economic problems of the world. I do not agree with the sort of racist nonsense that has been published in the Sun and other newspapers during the past few weeks. It is a disgusting way to report matters. However, I believe that the drive towards a market economy in Europe will create poverty on the rims of Europe and an inner-colonialism in which western Europe will act as a sort of colonial master for eastern Europe and much of the rest of the world. It is about time that we began to take an international and global view rather than shut ourselves into a Europe that does not act in a socially just and reasonable manner. I hope that the debate will now begin to turn on those matters.”

Jeremy Corbyn (1949) British Labour Party politician

Speech http://hansard.millbanksystems.com/commons/1990/nov/07/first-day in the House of Commons (7 November 1990).
1990s

People , Truth , World , Hope

“There was a plea from honourable Members relating to the need for formal Gross National Product figures. Such figures are very inexact even in the most sophisticated countries I think they do not have a great deal of meaning, even as a basis of comparison between economies. That other countries make use of them is not, I think, necessarily a good reason to suppose that we need them. But, although I am not entirely clear what practical purpose they would serve in Hong Kong, I am sure they would be of interest. I suspect myself, however, that the need arises in other countries because high taxation and more or less detailed Government intervention in the economy have made it essential to be able to judge (or to hope to be able to judge) the effect of policies, and of changes in policies, on the economy. One of the honourable Members who spoke on this subject, said outright, as a confirmed planner, that he thought that they were desirable for the planning of our future economic policy. But we are in the happy position, happier at least for the Financial Secretary where the leverage exercised by Government on the economy is so small that it is not necessary, nor even of any particular value, to have these figures available for the formulation of policy. We might indeed be right to be apprehensive lest the availability of such figures might lead, by a reversal of cause and effect, to policies designed to have a direct effect on the economy. I would myself deplore this.”

John James Cowperthwaite (1915–2006) British colonial administrator

March 25, 1970, page 495.
Official Report of Proceedings of the Hong Kong Legislative Council

Hope , Exercises , Thinking , Change

“This Government believes that it would be economically advantageous for Scotland to be an independent country. Other parties disagree. But as we continue that debate, let us at least agree that this country - our country - has the capacity to become one of the most successful economies on the planet.”

Alex Salmond (1954) Scottish National Party politician and former First Minister of Scotland

Strategic objectives of new Government (May 23, 2007)

Success , Country

“Europeans are not having children for lots of reasons. A static and fossilized economy without much growth gives little hope to a 20-something European that he or she can get a good job, buy a home, have three children, and provide for those offspring lives with unlimited choices. Instead, the young European bides his time, satisfying his appetites, as a perpetual adolescent who lives in his parents’ flat, seeks to milk the system, and waits for someone to die at the tribal government bureau. After a lost decade, one hopes to hook up with some like soul in her or his late thirties.”

Victor Davis Hanson (1953) American military historian, essayist, university professor

2010s, Europe at the Edge of the Abyss (2016)

Children , Hope , Home , Soul

“The circular-flow diagram offers a simple way of organizing the economic transactions that occur between households and firms in the economy. The two loops of the circular-flow diagram are distinct but related. The inner loop represents the flows of inputs and outputs. The households sell the use of their labor, land, and capital to the firms in the markets for the factors of production. The firms then use these factors to produce goods and services, which in turn are sold to households in the markets for goods…”

N. Gregory Mankiw (1958) American economist

N. Gregory Mankiw, Brief Principles of Macroeconomics. 2011, p. 24-25
2000s -

Way

“If you want to understand financial markets, and their effects on the economy, you have to understand the trading game. Many short-term price movements are neither random nor caused by economic fundamentals. They're caused by investors buying and selling.”

Aaron C. Brown (1956) American financial analyst

Source: The Poker Face of Wall Street (2006), Chapter 1, The Art of Uncalculated Risk, p. 12

Game , Understanding

“It has been long understood that “consumer sovereignty” is a myth. To make fundamental changes in the commodity economy it is necessary to have power over production.”

John Bellamy Foster (1953) Sociology professor and Marxist writer

Interview with Left Voice, 2017

Change

“I largely agree with those that hold that Government should not in general interfere with the course of the economy merely on the strength of its own commercial judgment. If we cannot rely on the judgment of individual businessmen, taking their own risks, we have no future anyway.”

John James Cowperthwaite (1915–2006) British colonial administrator

March 24, 1966, page 215.
Official Report of Proceedings of the Hong Kong Legislative Council

Future

“For the capitalist world-economy, the problem of China lies with its huge size. China has a labor force that is larger than the total labor force in all of the core states, or that in the entire historical well0to-do semi-periphery. As China competes with the well-to-do semi peripheral states in a wide range of global commodity chains, the competition eventually would lead to the convergence between China and the historical well-to-do semi-peripheral sates in profit races and wage rates. This convergence may take place in an upward manner or a downward manner.”

Li Minqi (1969) Chinese economist

Source: The Rise of China and the Demise of the Capitalist World-Economy (2008), Chapter Two, "Accumulation, Basic Needs, and Class Struggle: the Rise of Modern China"

World , Problem

“…when we became independent and Nehru spelt out his vision, we appeared to be the leader, we are the only country which articulated the aspirations of Asia as a whole for the first time. Then other countries, small countries, big countries have come up asserting themselves, and, but still we are, because of our economic development, everybody knows that India is geographically a big central chunk of Asia and that it is an expanding economy. It is a technologically progressing society and in every field it is making a mark. And everybody recognises this role of India, but I think we have to articulate our position in Asia, in a new way, in a new set of circumstances that would appeal to everybody.”

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

Way , Thinking , Appearance , Time

“The economy is not in our [i. e. black] hands, we are not in control of economic power. We have identified the weaknesses in [land reform]. Willing buyer, willing seller did not work. It made the state’s price tag an unfair process. In addition there are many laws dealing with land which cause confusion and delays. … Land hunger is real.”

Jacob Zuma (1942) 4th President of South Africa

On 3 March 2017 during his annual address to the National House of Traditional Leaders, Zuma wants ‘black parties’ to unite on land issue https://citizen.co.za/news/south-africa/1446107/zuma-wants-black-parties-unite-land-issue/, Citizen reporter (3 March 2017)

Hunger , Law

“[moot issue is that ] we should talk about is not just lessons in leadership or what the leaders need to do today but what can India do to bring those leaders back to India, so India itself can become an even more powerful economy going forward.”

Indra Nooyi (1955) Indian-born, naturalized American, business executive

Quoted in "A Learning CEO Can Power Through Tough Times: Indra Nooyi".

“In America, despite the amazing rise in productivity we’ve had in the last 30 years, real wages have actually gone down. All of the increase in productivity has been taken by the finance, insurance, and real estate sector, called the FIRE sector, almost all of it by the financial sector. … So instead of having industrial capitalism a century ago, we have a finance capitalism that actually is stifling industrial capitalism here. So what Alan Greenspan and others call the postindustrial economy is really neo-feudalism. It’s a financialized economy where all of the surplus goes to the banks.”

Michael Hudson (economist) (1939) American economist

Deficit Hawks One Two Punch http://michael-hudson.com/2010/12/deficit-hawks-one-two-punch/ (December 16, 2010)
Michael-Hudson.com, 1998-

“Some country is going to be the clean energy superpower of the 21st century and create millions of jobs and businesses. It’s probably going to be either China, Germany, or America. I want it to be us! We invent the technology, we should make it and use it and export it, which will help to grow our economy.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Speech in Warren, Michigan (August 11, 2016)

Business , Help , Country

“There is today hardly any country in the world outside the communist bloc which does not have a mixed economy. In fact, even countries which call themselves socialist would object to theirs not being described as a mixed economy, for it would imply that it was a totalitarian one, while countries like Germany or Japan, usually thought of as having typically free enterprise economies, would do the same; for, otherwise, it would imply that theirs was a nineteenth century laissez-faire economy.”

J. R. D. Tata (1904–1993) Indian businessman

Address on 'Why a Mixed Economy?' to the Associated Chambers of Commerce and Industry of India, New Delhi, April 4, 1975.
Keynote: Excerpts from his speeches and chairman's statements to shareholders

World , Country

“In the network economy, ever-less energy is needed to complete a single transaction, but ever-more effort is needed to agree on what pattern the transaction should follow.”

Kevin Kelly (1952) American author and editor

Source: Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

Effort

“In the future I will focus on improving the economy, making big changes to win back the support from the public.”

Chen Shui-bian (1950) Taiwanese politician

DPP Campaign speech, December 7, 2002
Pet Phrases, 2002

Support , Change , Future

“The danger is not only that these austerity measures are killing the European economies but also that they threaten the very legitimacy of European democracies – not just directly by threatening the livelihoods of so many people and pushing the economy into a downward spiral, but also indirectly by undermining the legitimacy of the political system through this backdoor rewriting of the social contract.”

Ha-Joon Chang (1963) Economist

"The root of Europe's riots" http://www.guardian.co.uk/commentisfree/2012/sep/28/europe-riots-root-imf-austerity, The Guardian, 28 September 2012.

People , Democracy

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

Jim Stanford (1961) Canadian economist

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

People , Failure , Wealth

“Some writers maintain arithmetic to be only the only sure guide in political economy; for my part, I see so many detestable systems built upon arithmetical statements, that I am rather inclined to regard that science as the instrument of national calamity.”

Jean-Baptiste Say (1767–1832) French economist and businessman

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter XVII, Section III, p. 188

Science , Parting

“I appreciate that in China, people are hungry to prosper in the global economy. What they need is a body of elected representatives who will widely debate and freely pass a strong national energy policy. Selling China an oil company will only take pressure off its rulers and further delay the arrival of democracy.”

Joe Barton (1949) United States congressional representative from Texas

[Why sell company to China?, USA Today, http://www.usatoday.com/news/opinion/editorials/2005-07-10-oppose_x.htm]

People , Democracy , Strong

“Racist oppression invades the lives of Black people on an infinite variety of levels. Blacks are imprisoned in a world where our labor and toil hardly allow us to eke out a decent existence, if we are able to find jobs at all. When the economy begins to falter, we are forever the first victims, always the most deeply wounded. When the economy is on its feet, we continue to live in a depressed state. Unemployment is generally twice as high in the ghettos as it is in the country as a whole and even higher among Black women and youth. The unemployment rate among Black youth has presently skyrocketed to 30 per cent. If one-third of America’s white youth were without a means of livelihood, we would either be in the thick of revolution or else under the iron rule of fascism. Substandard schools, medical care hardly fit for animals, overpriced, dilapidated housing, a welfare system based on a policy of skimpy concessions, designed to degrade and divide (and even this may soon be cancelled)—this is only the beginning of the list of props in the overall scenery of oppression which, for the mass of Blacks, is the universe.”

Angela Davis (1944) American political activist, scholar, and author

If They Come in The Morning (1971)

Women , People , Youth , World

“I say ethical principle, because it is beyond doubt that the chief motive of Vegetarianism is the humane one. Questions of hygiene and of economy both play their part, and an important part, in a full discussion of food reform; but the feeling which underlies and animates the whole movement is the instinctive horror of butchery, especially the butchery of the more highly organized animals, so human, so near akin to man.”

Henry Stephens Salt (1851–1939) British activist

The Humanities of Diet

Food , Feeling , Motivation , Question

“One of the greatest challenges facing the economy is to achieve the most efficient use — not abuse — of natural resources”

Pope Benedict XVI (1927) 265th Pope of the Catholic Church

2009, Cartias in Vertitate (29 June 2009)

Nature

“The right hon. Gentleman the Member for West Birmingham said, in future what are you going to tax when you will want more money? He also not merely assumed but stated that you could not depend upon any economy in armaments. I think that is not so. I think he will find that next year there will be substantial economy without interfering in the slightest degree with the efficiency of the Navy. The expenditure of the last few years has been very largely for the purpose of meeting what is recognised to be a temporary emergency. … It is very difficult for one nation to arrest this very terrible development. You cannot do it. You cannot when other nations are spending huge sums of money which are not merely weapons of defence, but are equally weapons of attack. I realise that, but the encouraging symptom which I observe is that the movement against it is a cosmopolitan one and an international one. Whether it will bear fruit this year or next year, that I am not sure of, but I am certain that it will come. I can see signs, distinct signs, of reaction throughout the world. Take a neighbour of ours. Our relations are very much better than they were a few years ago. There is none of that snarling which we used to see, more especially in the Press of those two great, I will not say rival nations, but two great Empires. The feeling is better altogether between them. They begin to realise they can co-operate for common ends, and that the points of co-operation are greater and more numerous and more important than the points of possible controversy.”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

Speech in the House of Commons http://hansard.millbanksystems.com/commons/1914/jul/23/finance-bill on the day the Austrian ultimatum was sent to Serbia (23 July 1914); The "neighbour" mentioned is Germany.
Chancellor of the Exchequer

Money , World , Feeling , Thinking

“Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.”

John James Cowperthwaite (1915–2006) British colonial administrator

March 29, 1967, page 249.
Official Report of Proceedings of the Hong Kong Legislative Council

Money

“The great benefits reaped by the new economy in the coming decades will be due in large part to exploring and exploiting the power of decentralised and autonomous networks.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

Parting

“Know that coyness has a certain extent and if exceeded, shall turn to weakness; generosity has a certain extent and if exceeded, shall become wasting; economy has a certain extent and if exceeded, shall be stinginess; and courage has a certain extent, which if exceeded, becomes recklessness.”

Hasan al-Askari (846–874) Eleventh of the Twelve Imams

Nuzhat an-Nadhir fī Tanbīh al-Khawatir, p. 50-51
General

Courage

“The libertarian creed, finally, offers the fulfillment of the best of the American past along with the promise of a far better future. Even more than conservatives… libertarians are squarely in the great classical liberal tradition that built the United States and bestowed on us the American heritage of individual liberty, a peaceful foreign policy, minimal government, and a free-market economy.”

Murray N. Rothbard book For a New Liberty

For a New Liberty: The Libertarian Manifesto (1973)

Peace , Past , Future

“It’s sad to say but agriculture remains to be a poor man’s sector. Despite being a huge asset to national development, agriculture has been the most neglected and least understood sector of the nation’s economy.”

Francis Escudero (1969) Filipino politician

2015
Source: Sun Star Manila http://www.sunstar.com.ph/manila/local-news/2015/07/03/government-urged-grant-farmers-higher-wages-decent-living-416728

Sadness

“One growing threat to the stability of the U. S. economy, and therefore to its capability to continue to direct the global order, paradoxically emerges from its success in establishing capitalism around the world.”

Herbert Schiller (1919–2000) American media critic

Source: Living In The Number One Country (2000), Chapter Seven, Number One In The Twenty-First Century, p. 183-184

World , Success

“As more of the economy migrates to intangibles, more of the economy will require standards.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

“Good government is a prerequisite for a thriving market economy. At the same time, the coercive powers of government can be put to use in ways that serve narrow organized interests, including the government employees themselves. One of the most important tasks for policy analysts is determining when, where, and how government ought to involve itself (or not involve itself) in a modern economy.”

Charles Wheelan (1966) American politician

Introduction to Public Policy (2011), Ch. 8 : The Role of Government

Way , Time

“It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.”

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

A Journey Through Economic Time (1994)

Error

“No person can have been in Norfolk without quickly perceiving, that in this branch of rural economy the county has very little to boast. No where are meadows and pastures worse managed: in all parts of the county we see them over-run with all sorts of spontaneous rubbish, bushes, briars, rushes: the water stagnant: ant-hills numerous: in a word, left in a state of nature, by men who willingly make all sorts of exertions to render their arable land clean, rich and productive.”

Arthur Young (1741–1820) English writer

Arthur Young (1804/1813), General View of the Agriculture of the County of Norfolk http://books.google.com/books?id=4VVAAAAAIAAJ&pg=PA370, p. 370; cited in: Naomi Riches (1967), The Agricultural Revolution in Norfolk. p. 91

Men , Nature , Water , Parting

“The capitalist era is passing... not quickly, but inevitably. A new economic paradigm—the Collaborative Commons—is rising in its wake that will transform our way of life. We are already witnessing the emergence of a hybrid economy, part capitalist market and part Collaborative Commons. The two economic systems often work in tandem and sometimes compete. They are finding synergies along each other’s perimeters, where they can add value to one another, while benefiting themselves. At other times, they are deeply adversarial, each attempting to absorb or replace the other.”

Jeremy Rifkin (1945) American economist

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

Life , Way , Time , Parting

“You can lead a horse to water, but you cannot make him drink. Or monetary policy is pulling on a string when the economy is strong. That works. But when the economy is weak and you are cutting interest rates, it can be like pushing on a string. It does not work as well.”

Lawrence Klein (1920–2013) American economist

"Keynsianism Again: Interview with Lawrence Klein", Challenge (May-June 2001)

Drink , Strong , Water , Horse

“Tobacco not only wrecks health and health systems; it’s a drain on economies and the environment. […] We must strengthen our efforts and scale up our actions while facing increasing interference from the tobacco industry. We are all familiar with the catalogue of deception, lies and half-truths in which tobacco industry specializes.”

Tedros Adhanom (1965) Director-General of the World Health Organization, former Minister in Ethiopia

Speech at the 17th World Conference on Tobacco or Health http://www.who.int/dg/speeches/2018/world-conference-on-tobacco-or-health/en/, 7 March 2018.

Health , Truth , Effort

“Nations and regions within nations must be left free — and should be encouraged — to develop the local food economies that best suit local needs and local conditions.”

Wendell Berry (1934) author

"A Bad Big Idea".
Sex, Economy, Freedom & Community (1993)
Context: Anybody interested in solving, rather than profiting from, the problems of food production and distribution will see that in the long run the safest food supply is a local food supply, not a supply that is dependent on a global economy. Nations and regions within nations must be left free — and should be encouraged — to develop the local food economies that best suit local needs and local conditions.

Food

“By this time, the era of cut-and-run economics ought to be finished. Such an economy cannot be rationally defended or even apologized for. The proofs of its immense folly, heartlessness, and destructiveness are everywhere.”

Wendell Berry (1934) author

"Conserving Forest Communities".
Another Turn of the Crank (1996)
Context: By this time, the era of cut-and-run economics ought to be finished. Such an economy cannot be rationally defended or even apologized for. The proofs of its immense folly, heartlessness, and destructiveness are everywhere. Its failure as a way of dealing with the natural world and human society can no longer be sanely denied. That this economic system persists and grows larger and stronger in spite of its evident failure has nothing to do with rationality or, for that matter, with evidence. It persists because, embodied now in multinational corporations, it has discovered a terrifying truth: If you can control a people’s economy, you don’t need to worry about its politics; its politics have become irrelevant. If you control people’s choices as to whether or not they will work, and where they will work, and what they will do, and how well they will do it, and what they will eat and wear, and the genetic makeup of their crops and animals, and what they will do for amusement, then why should you worry about freedom of speech? In a totalitarian economy, any "political liberties" that the people might retain would simply cease to matter. If, as is often the case already, nobody can be elected who is not wealthy, and if nobody can be wealthy without dependence on the corporate economy, then what is your vote worth? The citizen thus becomes an economic subject.

Time

“Where the processes and apparatus is used, over and over again, great economy should result”

Ernest Flagg (1857–1947) American architect

Small Houses: Their Economic Design and Construction (1922)
Context: The system of building, described in this work, is intended for repetition. It would hardly pay to adopt it in its entirety for a single house if the matter were to end there. Where the processes and apparatus is used, over and over again, great economy should result; but for a single building, the trouble and expense of introducing so many new or unusual features and methods, might well offset the benefits which should accrue under more favorable conditions. Standardization both of parts and workmanship plays a great part in the economies obtained and standardization implies quantity.<!--Ch. I

“Beneath the humanization of the penalties, what one finds are all those rules that authorize, or rather demand, 'leniency', as a calculated economy of the powder to punish. But they also provoke a shift in the point of application of this power: it is no longer the body, with the ritual play of excessive pains, spectacular branding in the ritual of the public execution; it is the mind or rather a play of representations and sings circulating discreetly but necessarily and evidently in the minds of all. It is no longer the body, the the soul, said Mably. And we see very clearly what he meant by this term: the correlative of a technique of power. Old 'anatomies' of punishment are abandoned, But have we really entered the age of non-corporal punishment?”

Michel Foucault book Discipline and Punish

Source: Discipline and Punish (1977), Chapter Two, Generalized Punishment, pp. 101

Pain , Penalty , Soul , Singing

“Freedom of thought is the only guarantee of the feasibility of a scientific democratic approach to politics, economy, and culture.”

Andrei Sakharov (1921–1989) Soviet nuclear physicist and human rights activist

Progress, Coexistence and Intellectual Freedom (1968)
Context: Intellectual freedom is essential to human society — freedom to obtain and distribute information, freedom for open-minded and unfearing debate, and freedom from pressure by officialdom and prejudices. Such a trinity of freedom of thought is the only guarantee against an infection of people by mass myths, which, in the hands of treacherous hypocrites and demagogues, can be transformed into bloody dictatorship. Freedom of thought is the only guarantee of the feasibility of a scientific democratic approach to politics, economy, and culture.
But freedom of thought is under a triple threat in modern society—from the deliberate opium of mass culture, from cowardly, egotistic, and philistine ideologies, and from the ossified dogmatism of a bureaucratic oligarchy and its favorite weapon, ideological censorship. Therefore, freedom of thought requires the defense of all thinking and honest people.

Freedom

“In fact, without any exaggeration, the current mechanism of money creation through credit is certainly the "cancer" that's irretrievably eroding market economies of private property.”

Maurice Allais (1911–2010) French economist; 1988 winner of the Nobel Memorial Prize in Economics

[Maurice Allais, La Crise mondiale d’aujourd’hui. Pour de profondes réformes des institutions financières et monétaires, Editions Clément Juglar, Paris, 1999, 74, 2-908735-11-3]

Money

“I believe in an America that is on the march — an America respected by all nations, friends and foes alike — an America that is moving, doing, working, trying — a strong America in a world of peace. That peace must be based on world law and world order, on the mutual respect of all nations for the rights and powers of others and on a world economy in which no nation lacks the ability to provide a decent standard of living for all of its people.”

John F. Kennedy (1917–1963) 35th president of the United States of America

1960, Address at Convention Hall, Philadelphia
Context: In short, I believe in an America that is on the march — an America respected by all nations, friends and foes alike — an America that is moving, doing, working, trying — a strong America in a world of peace. That peace must be based on world law and world order, on the mutual respect of all nations for the rights and powers of others and on a world economy in which no nation lacks the ability to provide a decent standard of living for all of its people. But we cannot have such a world, and we cannot have such a peace, unless the United States has the vitality and the inspiration and the strength. If we continue to stand still, if we continue to lie at anchor, if we continue to sit on dead center, if we content ourselves with the easy life and the rosy assurances, then the gates will soon be open to a lean and hungry enemy.

People , World , Peace , Law

“Television's quasi-hypnotic effect is one reason that the political economy supported by the television industry is as different from the vibrant politics of America's first century as those politics were different from the feudalism that thrived on the ignorance of the masses of people in the Dark Ages.”

Al Gore (1948) 45th Vice President of the United States

Quotes, The Assault on Reason (2007)
Context: Television's quasi-hypnotic effect is one reason that the political economy supported by the television industry is as different from the vibrant politics of America's first century as those politics were different from the feudalism that thrived on the ignorance of the masses of people in the Dark Ages.
Our systematic exposure to fear and other arousal stimuli on television can be exploited by the clever public relations specialist, advertiser, or politician.

People , Age , Support

“I don't think top-down works in America. I think building the middle class, investing in the middle class, making college debt-free so more young people can get their education, helping people refinance their debt from college at a lower rate. Those are the kinds of things that will really boost the economy. Broad-based, inclusive growth is what we need in America, not more advantages for people at the very top.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), First presidential debate (September 26, 2016)
Context: We've looked at your [Trump's] tax proposals. I don't see changes in the corporate tax rates or the kinds of proposals you're referring to that would cause the repatriation, bringing back of money that's stranded overseas. I happen to support that. I happen to support that in a way that will actually work to our benefit. But when I look at what you have proposed, you have what is called now the Trump loophole, because it would so advantage you and the business you do.... Trumped-up trickle-down. Trickle-down did not work. It got us into the mess we were in, in 2008 and 2009. Slashing taxes on the wealthy hasn't worked. And a lot of really smart, wealthy people know that. And they are saying, hey, we need to do more to make the contributions we should be making to rebuild the middle class. I don't think top-down works in America. I think building the middle class, investing in the middle class, making college debt-free so more young people can get their education, helping people refinance their debt from college at a lower rate. Those are the kinds of things that will really boost the economy. Broad-based, inclusive growth is what we need in America, not more advantages for people at the very top.

People , Education , Thinking , Help

“So limited is our knowledge that we resort, not to science, but to shamans. We place control of the world's largest economy in the hands of a few elderly men, the central bankers.”

Benoît Mandelbrot (1924–2010) Polish-born, French and American mathematician

Source: The (Mis)Behavior of Markets (2004, 2008), Ch. 13, p. 254–255
Context: It is beyond belief that we know so little about how people get rich or poor, about how it is they come to dwell in comfort and health or die in penury and disease. Financial markets are the machines in which much of human welfare is decided; yet we know more about how our car engines work than about how our global financial system functions. We lurch from crisis to crisis. In a networked world, mayhem in one market spreads instantaneously to all others—and we have only the vaguest of notions how this happens, or how to regulate it. So limited is our knowledge that we resort, not to science, but to shamans. We place control of the world's largest economy in the hands of a few elderly men, the central bankers.

Men , World , Knowledge , Science

“Without the expansion of a Mutual Enterprise economy responsible to communities and nature, this present boom will bust, creating a Greater Depression than that of the 1930's.”

Paul Glover (1947) Community organizer in Philadelphia, Pennsylvania; American politician

http://www.paulglover.org/9712.html (“Stock Market Long Range Forecast” HOUR Town, cover story), December 1997

Communication , Nature

“Zimbabwe used to feed South Africa. Today it's a net importer of food because the rule of an incompetent government destroyed the economy of the country.”

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

2010s, 2011, Q&A with Former President George W. Bush (January 2011)
Context: Yes. I also put in the book that I felt Hugo Chavez was the Robert Mugabe of our hemisphere. In other words, this is a case for – where leadership is destroying a country. Zimbabwe used to feed South Africa. Today it's a net importer of food because the rule of an incompetent government destroyed the economy of the country.

Food , Country

“All national currencies are deep in debt-- indebted to nature-- because human economies extract from nature faster than we replenish.”

Paul Glover (1947) Community organizer in Philadelphia, Pennsylvania; American politician

http://www.paulglover.org/0711.html (The Ithacan, “The Destiny of Dollars”), 2007-11-01

Nature

“Virtually the entire dynamic economy in the United States is based crucially on state initiative and intervention”

Noam Chomsky (1928) american linguist, philosopher and activist

Quotes 1990s, 1995-1999, Sovereignty and World Order, 1999
Context: I should say that when people talk about capitalism it's a bit of a joke. There's no such thing. No country, no business class, has ever been willing to subject itself to the free market, free market discipline. Free markets are for others. Like, the Third World is the Third World because they had free markets rammed down their throat. Meanwhile, the enlightened states, England, the United States, others, resorted to massive state intervention to protect private power, and still do. That's right up to the present. I mean, the Reagan administration for example was the most protectionist in post-war American history. Virtually the entire dynamic economy in the United States is based crucially on state initiative and intervention: computers, the internet, telecommunication, automation, pharmaceutical, you just name it. Run through it, and you find massive ripoffs of the public, meaning, a system in which under one guise or another the public pays the costs and takes the risks, and profit is privatized. That's very remote from a free market. Free market is like what India had to suffer for a couple hundred years, and most of the rest of the Third World.

“All that we can find inside are the symptoms of underdevelopment and the secondary factors that make for poverty. Mistaken interpretations of the causes of underdevelopment usually stem either from prejudiced thinking or from the error of believing that one can learn the answers by looking inside the underdeveloped economy. The true explanation lies in seeking out the relationship between Africa and certain developed countries and in recognizing that it is a relationship of exploitation.”

Walter Rodney book How Europe Underdeveloped Africa

Source: How Europe Underdeveloped Africa (1972), p. 37.
Context: When the “experts” from capitalist countries do not give a racist explanation, they nevertheless confuse the issue by giving as causes of underdevelopment the things which really are consequences. For example, they would argue that Africa is in a state of backwardness as a result of lacking skilled personnel to develop. It is true that because of lack of engineers Africa cannot on its own build more roads, bridges, and hydroelectric stations. But that is not a cause of underdevelopment, except in the sense that causes and effects come together and reinforce each other. The fact of the matter is that the most profound reasons for the economic backwardness of a given African nation are not to be found inside that nation. All that we can find inside are the symptoms of underdevelopment and the secondary factors that make for poverty. Mistaken interpretations of the causes of underdevelopment usually stem either from prejudiced thinking or from the error of believing that one can learn the answers by looking inside the underdeveloped economy. The true explanation lies in seeking out the relationship between Africa and certain developed countries and in recognizing that it is a relationship of exploitation.

Error , Thinking , Learning , Country

“I'm a free-marketeer. I believe in free markets, but… sometimes you have things that look like free markets but aren't because of artificial reasons. I'm not very happy with the current state of what calls itself free market economy in the world because you've got all these grotesque monopolies that are able to game the system in a way that's to their advantage by virtue of their power, and that's not a free market.”

John Perry Barlow (1947–2018) American poet and essayist

Planet JH Weekly interview (2005)
Context: I'm a free-marketeer. I believe in free markets, but... sometimes you have things that look like free markets but aren't because of artificial reasons. I'm not very happy with the current state of what calls itself free market economy in the world because you've got all these grotesque monopolies that are able to game the system in a way that's to their advantage by virtue of their power, and that's not a free market. A real free market has some kind of countervailing influence from the government to keep a monopoly in check, but this government... it's not about free marketing principles, it's about greed pure and simple. And this government wants to assure that the other people that they went to college with get just as rich as they do. This country is going to make Mexico look like Sweden inside of ten years in terms of wealth distribution, because there are no countervailing forces. They've eliminated tax basically for the ultra-rich, they've eliminated any control over monopolies, the greedy have free reign and its just going to be the super rich and the peasants.

World , Way , Game , Happiness

“Marine Protected Areas are good for the world economy, for the health of the oceans, for every person living on this planet.”

Lewis Pugh (1969) Environmental campaigner, maritime lawyer and endurance swimmer

28 September 2014, Sunday Times http://www.pressreader.com/bookmark/NWNJXD8V5BO2/
Speaking & Features
Context: When we set aside MPAs we protect the marine habitat. When we do that, fish stocks recover. Which supports food security. When we create MPAs, we protect the coral, which protects the shoreline and provides shelter for fish. Marine Protected Areas are places people want to visit for ecotourism, so it's good for the economy. It has, if you'll pardon the pun, a ripple effect. Marine Protected Areas are good for the world economy, for the health of the oceans, for every person living on this planet.

Health , World , Personality

“In a free-market economy, the consumer is king: labor unions don't run things, business people don't run things, bankers don't run things, politicians don't run things, but the success of a business depends on how people spend their money.”

Ron Paul (1935) American politician and physician

In response to the question "What is your opinion on direct democracy, where the citizens themselves make law, rather than elected representatives?" https://www.youtube.com/watch?v=p-nfaTZNWcI (May 14, 2015)
2010s

“The green economy should not just be about reclaiming throw-away stuff. It should be about reclaiming thrown-away communities.”

Van Jones book The Green Collar Economy

The Green Collar Economy (2008)
Context: The green economy should not just be about reclaiming throw-away stuff. It should be about reclaiming thrown-away communities. It should not just be about recycling things to give them a second life. We should also be gathering up people and giving them a second chance.

Communication

“If you can control a people’s economy, you don’t need to worry about its politics; its politics have become irrelevant.”

Wendell Berry (1934) author

"Conserving Forest Communities".
Another Turn of the Crank (1996)
Context: By this time, the era of cut-and-run economics ought to be finished. Such an economy cannot be rationally defended or even apologized for. The proofs of its immense folly, heartlessness, and destructiveness are everywhere. Its failure as a way of dealing with the natural world and human society can no longer be sanely denied. That this economic system persists and grows larger and stronger in spite of its evident failure has nothing to do with rationality or, for that matter, with evidence. It persists because, embodied now in multinational corporations, it has discovered a terrifying truth: If you can control a people’s economy, you don’t need to worry about its politics; its politics have become irrelevant. If you control people’s choices as to whether or not they will work, and where they will work, and what they will do, and how well they will do it, and what they will eat and wear, and the genetic makeup of their crops and animals, and what they will do for amusement, then why should you worry about freedom of speech? In a totalitarian economy, any "political liberties" that the people might retain would simply cease to matter. If, as is often the case already, nobody can be elected who is not wealthy, and if nobody can be wealthy without dependence on the corporate economy, then what is your vote worth? The citizen thus becomes an economic subject.

People

“Economy is essential to all good fart.”

Jerry Seinfeld (1954) American comedian and actor

As quoted in radio interview http://www.npr.org/templates/story/story.php?storyId=15771045 with Dave Davies, "Fresh Air", NPR (30 October 2007)

“Believing in capitalism does not mean believing in growth, the economy, or efficiency. Desirable as these may be, these are only the results. Belief in capitalism is, fundamentally, belief in mankind.”

Johan Norberg book In Defense of Global Capitalism

In Defense of Global Capitalism
Context: Basically, what I believe in is neither capitalism nor globalization... I believe in man's capacity for achieving great things and in the combined force resulting from encounters and exchanges. I plead for greater liberty and a more open world... because it provides a setting which liberates individuals and their creativity as no other system can. It spurs the dynamism which has led to human, economic, scientific, and technical advances, and which will continue to do so. Believing in capitalism does not mean believing in growth, the economy, or efficiency. Desirable as these may be, these are only the results. Belief in capitalism is, fundamentally, belief in mankind.

“The mercantile tradition that had led to Ionian science also led to a slave economy. You could get richer if you owned a lot of slaves.”

Carl Sagan (1934–1996) American astrophysicist, cosmologist, author and science educator

40 min 35 sec
Cosmos: A Personal Voyage (1990 Update), The Backbone of Night [Episode 7]
Context: But why had science lost its way in the first place? What appeal could these teachings of Pythagoras and Plato have had for their contemporaries? They provided, I believe, an intellectually respectable justification for a corrupt social order. The mercantile tradition that had led to Ionian science also led to a slave economy. You could get richer if you owned a lot of slaves. Athens in the time of Plato and Aristotle had a vast slave population. All that brave Athenian talk about democracy applied only to a privileged few.

Science

“Such abundance of spoonmeat on the one hand, and such careful economy on the other of truths that may prove too strong for weak digestions! Such avowals of readiness to consider seriously any opinion, however obviously absurd, broached by a possible supporter! Such prompt denunciations of all the devices of an irreconcilable opponent!”

Leonard H. Courtney (1832–1918) British politician

To My Fellow-Disciples at Saratoga Springs (1895)
Context: What an education follows! It is really a fine comedy, though the players rarely know it. I am but a clumsy performer myself, and have to confess to incurable defects of training, so that I sometimes wonder I have not been hissed off the stage; still I have seen the performance through more than once or twice, and know something about it. Such tender and delicate adjustments and readjustments of convictions to keep the party balance sure! Such abundance of spoonmeat on the one hand, and such careful economy on the other of truths that may prove too strong for weak digestions! Such avowals of readiness to consider seriously any opinion, however obviously absurd, broached by a possible supporter! Such prompt denunciations of all the devices of an irreconcilable opponent!

Truth , Support , Strong

“By fashion and built-in obsolescence the economies of machine production, instead of producing leisure and durable wealth, are duly cancelled out by the mandatory consumption on an even larger scale.”

Lewis Mumford book The City in History

Myth of Megalopolis 
The City in History (1961)
Context: Unfortunately, once an economy is geared to expansion, the means rapidly turn into an end and "the going becomes the goal." Even more unfortunately, the industries that are favored by such expansion must, to maintain their output, be devoted to goods that are readily consumable either by their nature, or because they are so shoddily fabricated that they must soon be replaced. By fashion and built-in obsolescence the economies of machine production, instead of producing leisure and durable wealth, are duly cancelled out by the mandatory consumption on an even larger scale.

Fashion , Wealth

“I have read all that has been written by the gravest authorities on political economy on the subject of rent, wages, taxes, tithes, the various elements in short, which constitute or affect the price of agricultural produce.”

Robert Peel (1788–1850) British Conservative statesman

Speech http://hansard.millbanksystems.com/commons/1839/mar/15/corn-laws-adjourned-debate-fourth-night in the House of Commons (15 March 1839).

Reading

“Electrical fire and the fire of greed kindle economies.”

B. W. Powe (1955) Canadian writer

Interlude, p. 75
Towards a Canada of Light (2006)
Context: Electrical fire and the fire of greed kindle economies. In that flux, nations become digitized commodities on stock-exchange floors and on investors' rating screens. A country becomes a product to be rated for its obedience to paying of deficits and debts.

“We live in a global economy, but the political organization of our global society is woefully inadequate.”

George Soros (1930) Hungarian-American business magnate, investor, and philanthropist

The Crisis of Global Capitalism (1998)
Context: We live in a global economy, but the political organization of our global society is woefully inadequate. We are bereft of the capacity to preserve peace and to counteract the excesses of the financial markets. Without these controls, the global economy, is liable to break down

“The development of a global economy has not been matched by the development of a global society.”

George Soros (1930) Hungarian-American business magnate, investor, and philanthropist

The Crisis of Global Capitalism (1998)
Context: The development of a global economy has not been matched by the development of a global society. The basic unit for political and social life remains the nation-state. International law and international institutions, insofar as they exist, are not strong enough to prevent war or the large-scale abuse of human rights in individual countries. Ecological threats are not adequately dealt with. Global financial markets are largely beyond the control of national or international authorities.

“Economy is the first and great article (economy such as I understand it) in my financial creed.”

William Ewart Gladstone (1809–1898) British Liberal politician and prime minister of the United Kingdom

Letter to his brother Robertson of the Financial Reform Association at Liverpool (1859), as quoted in Gladstone as Financier and Economist (1931) by F. W. Hirst, p. 241
1850s
Context: Economy is the first and great article (economy such as I understand it) in my financial creed. The controversy between direct and indirect taxation holds a minor, though important place.

Understanding

“I do not believe that peace either ought to be or will be permanent on this globe, unless the states, pacifically organized, preserve some of the old elements of army-discipline. A permanently successful peace-economy cannot be a simple pleasure-economy.”

William James (1842–1910) American philosopher, psychologist, and pragmatist

1900s, The Moral Equivalent of War (1906)
Context: I look forward to a future when acts of war shall be formally outlawed as between civilized peoples.
All these beliefs of mine put me firmly into the anti-military party. But I do not believe that peace either ought to be or will be permanent on this globe, unless the states, pacifically organized, preserve some of the old elements of army-discipline. A permanently successful peace-economy cannot be a simple pleasure-economy. In the more or less socialistic future toward which mankind seems drifting we must still subject ourselves collectively to those severities which answer to our real position upon this only partly hospitable globe. We must make new energies and hardihoods continue the manliness to which the military mind so faithfully clings.

Pleasure , Peace , Success

“Our political economy and our high-energy industry run on large, general principles, on ideas — not by day-to-day guess work, expedients and improvisations. Ideas have to go into exchange to become or remain operative; and the medium of such exchange is the printed word.”

William F. Buckley Jr. (1925–2008) American conservative author and commentator

"Publisher's Statement", in the first issue of National Review (19 November 1955).
Context: Radical conservatives in this country have an interesting time of it, for when they are not being suppressed or mutilated by Liberals, they are being ignored or humiliated by a great many of those of the well-fed Right, whose ignorance and amorality have never been exaggerated for the same reason that one cannot exaggerate infinity.
There are, thank Heaven, the exceptions. There are those of generous impulse and a sincere desire to encourage a responsible dissent from the Liberal orthodoxy. And there are those who recognize that when all is said and done, the market place depends for a license to operate freely on the men who issue licenses — on the politicians. They recognize, therefore, that efficient getting and spending is itself impossible except in an atmosphere that encourages efficient getting and spending. And back of all political institutions there are moral and philosophical concepts, implicit or defined. Our political economy and our high-energy industry run on large, general principles, on ideas — not by day-to-day guess work, expedients and improvisations. Ideas have to go into exchange to become or remain operative; and the medium of such exchange is the printed word.

Idea

“In a totalitarian economy, any "political liberties" that the people might retain would simply cease to matter.”

Wendell Berry (1934) author

"Conserving Forest Communities".
Another Turn of the Crank (1996)
Context: By this time, the era of cut-and-run economics ought to be finished. Such an economy cannot be rationally defended or even apologized for. The proofs of its immense folly, heartlessness, and destructiveness are everywhere. Its failure as a way of dealing with the natural world and human society can no longer be sanely denied. That this economic system persists and grows larger and stronger in spite of its evident failure has nothing to do with rationality or, for that matter, with evidence. It persists because, embodied now in multinational corporations, it has discovered a terrifying truth: If you can control a people’s economy, you don’t need to worry about its politics; its politics have become irrelevant. If you control people’s choices as to whether or not they will work, and where they will work, and what they will do, and how well they will do it, and what they will eat and wear, and the genetic makeup of their crops and animals, and what they will do for amusement, then why should you worry about freedom of speech? In a totalitarian economy, any "political liberties" that the people might retain would simply cease to matter. If, as is often the case already, nobody can be elected who is not wealthy, and if nobody can be wealthy without dependence on the corporate economy, then what is your vote worth? The citizen thus becomes an economic subject.

People

“Economy in building consists in the aggregate of a great number of savings, which when considered separately may seem trivial, but when combined are important. The list of those here provided for… may be divided into classes as follows:”

Ernest Flagg (1857–1947) American architect

Small Houses: Their Economic Design and Construction (1922)
Context: Economy in building consists in the aggregate of a great number of savings, which when considered separately may seem trivial, but when combined are important. The list of those here provided for... may be divided into classes as follows:<!-- Introduction

“I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom. And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

1810s, Letter to H. Tompkinson (AKA Samuel Kercheval) (1816)
Context: I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom. And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses; and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers. Our landholders, too, like theirs, retaining indeed the title and stewardship of estates called theirs, but held really in trust for the treasury, must wander, like theirs, in foreign countries, and be contented with penury, obscurity, exile, and the glory of the nation. This example reads to us the salutary lesson, that private fortunes are destroyed by public as well as by private extravagance. And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second; that second for a third; and so on, till the bulk of the society is reduced to be mere automatons of misery, and to have no sensibilities left but for sinning and suffering. Then begins, indeed, the bellum omnium in omnia, which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.

People , Fear , Freedom , Dependency

“Which now extinguishes slavery. And with it our economy.”

Alexander H. Stephens (1812–1883) Vice President of the Confederate States (in office from 1861 to 1865)

All our laws will be determined by a Congress of vengeful Yankees, all our rights will be subject to a Supreme Court benched by bloody Republican radicals. All our traditions will be obliterated. We won't know ourselves anymore.
Lincoln (2012)
In fiction

“All sense of dialectics is lost when someone believes that today’s economy is identical to the economy 50 or 100 or 150 years ago, or that it is identical to the one in Lenin’s day or to the time when Karl Marx lived.”

Fidel Castro (1926–2016) former First Secretary of the Communist Party and President of Cuba

University of Havana address (2005)
Context: All sense of dialectics is lost when someone believes that today’s economy is identical to the economy 50 or 100 or 150 years ago, or that it is identical to the one in Lenin’s day or to the time when Karl Marx lived. Revisionism is a thousand miles away from my mind and I truly revere Marx, Engels and Lenin.

Sense , Time

“I have already mentioned Carlyle's earlier writings as one of the channels through which I received the influences which enlarged my early narrow creed; but I do not think that those writings, by themselves, would ever have had any effect on my opinions. What truths they contained, though of the very kind which I was already receiving from other quarters, were presented in a form and vesture less suited than any other to give them access to a mind trained as mine had been. They seemed a haze of poetry and German metaphysics, in which almost the only clear thing was a strong animosity to most of the opinions which were the basis of my mode of thought; religious scepticism, utilitarianism, the doctrine of circumstances, and the attaching any importance to democracy, logic, or political economy. Instead of my having been taught anything, in the first instance, by Carlyle, it was only in proportion as I came to see the same truths through media more suited to my mental constitution, that I recognized them in his writings. Then, indeed, the wonderful power with which he put them forth made a deep impression upon me, and I was during a long period one of his most fervent admirers; but the good his writings did me, was not as philosophy to instruct, but as poetry to animate.”

John Stuart Mill book Autobiography

Autobiography (1873)
Context: I have already mentioned Carlyle's earlier writings as one of the channels through which I received the influences which enlarged my early narrow creed; but I do not think that those writings, by themselves, would ever have had any effect on my opinions. What truths they contained, though of the very kind which I was already receiving from other quarters, were presented in a form and vesture less suited than any other to give them access to a mind trained as mine had been. They seemed a haze of poetry and German metaphysics, in which almost the only clear thing was a strong animosity to most of the opinions which were the basis of my mode of thought; religious scepticism, utilitarianism, the doctrine of circumstances, and the attaching any importance to democracy, logic, or political economy. Instead of my having been taught anything, in the first instance, by Carlyle, it was only in proportion as I came to see the same truths through media more suited to my mental constitution, that I recognized them in his writings. Then, indeed, the wonderful power with which he put them forth made a deep impression upon me, and I was during a long period one of his most fervent admirers; but the good his writings did me, was not as philosophy to instruct, but as poetry to animate. Even at the time when out acquaintance commenced, I was not sufficiently advanced in my new modes of thought, to appreciate him fully; a proof of which is, that on his showing me the manuscript of Sartor Resartus, his best and greatest work, which he had just then finished, I made little of it; though when it came out about two years afterwards in Fraser's Magazine I read it with enthusiastic admiration and the keenest delight. I did not seek and cultivate Carlyle less on account of the fundamental differences in our philosophy. He soon found out that I was not "another mystic," and when for the sake of my own integrity I wrote to him a distinct profession of all those of my opinions which I knew he most disliked, he replied that the chief difference between us was that I "was as yet consciously nothing of a mystic." I do not know at what period he gave up the expectation that I was destined to become one; but though both his and my opinions underwent in subsequent years considerable changes, we never approached much nearer to each other's modes of thought than we were in the first years of our acquaintance. I did not, however, deem myself a competent judge of Carlyle. I felt that he was a poet, and that I was not; that he was a man of intuition, which I was not; and that as such, he not only saw many things long before me, which I could only when they were pointed out to me, hobble after and prove, but that it was highly probable he could see many things which were not visible to me even after they were pointed out. I knew that I could not see round him, and could never be certain that I saw over him; and I never presumed to judge him with any definiteness, until he was interpreted to me by one greatly the superior of us both -- who was more a poet than he, and more a thinker than I -- whose own mind and nature included his, and infinitely more.

Truth , Democracy , Thinking , Strong

Quotes about economy page 13

Quotes about economy
page 13