Quotes about economy (1476 quotes, page 2)

“Investing in people is the single most important thing in the knowledge economy. Traditionally, wealth was defined by land and natural resources. Today the most important resources is between our ears.”

Barack Obama (1961) 44th President of the United States of America

2014, Young Southeast Asian Leaders Initiative Town Hall (April 2014)

People , Nature , Knowledge , Wealth

“But as they all say if we sell our home what will we have for it, money, and what is the use of that money, money goes and after it is gone then where are we, beside we have all we want, what can we do with money except lose it, money to spend is not very welcome, if you have it and you try to spend it, well spending money is an anxiety, saving money is a comfort and a pleasure, economy is not a duty it is a comfort, avarice is an excitement, but spending money is nothing, money spent is money non-existent, money saved is money realised…”

Gertrude Stein book Paris France

Source: Paris France (1940), p. 103

Money , Pleasure , Home

“We must say openly that the present economic system of the EU is a system of a suppressed market, a system of a permanently strengthening centrally controlled economy. Although history has more than clearly proven that this is a dead end, we find ourselves walking the same path once again. This results in a constant rise in both the extent of government masterminding and constraining of spontaneity of the market processes. In recent months, this trend has been further reinforced by incorrect interpretation of the causes of the present economic and financial crisis, as if it was caused by free market, while in reality it is just the contrary – caused by political manipulation of the market. It is again necessary to point out to the historical experience of our part of Europe and to the lessons we learned from it.”

Václav Klaus (1941) 2nd President of the Czech Republic

Speech in the European Parliament, on EU http://klaus.cz/klaus2/asp/clanek.asp?id=88EY96UW9zlp

History , Reality , Learning , Parting

“The philosophy of black nationalism involves a re-education program in the black community in regards to economics. Our people have to be made to see that any time you take your dollar out of your community and spend it in a community where you don’t live, the community where you live will get poorer and poorer, and the community where you spend your money will get richer and richer. […] If we own the stores, if we operate the businesses, if we try and establish some industry in our own community, then we’re developing to the position where we are creating employment for our own kind. Once you gain control of the economy of your own community, then you don’t have to picket and boycott and beg some cracker downtown for a job in his business.”

Malcolm X (1925–1965) American human rights activist

The Ballot or the Bullet (1964), Speech in Cleveland, Ohio (April 3, 1964)

Money , People , Education , Communication

“These citizens remind us why civil society is so essential. When people are free to speak their minds and hold their leaders accountable, governments are more responsive and more effective. When entrepreneurs are free to create and develop new ideas, then economies are more innovative, and attract more trade and investment, and ultimately become more prosperous. When communities, including minorities, are free to live and pray and love as they choose; when nations uphold the rights of all their people -— including, perhaps especially, women and girls -— then those countries are more likely to thrive. If you want strong, successful countries, you need strong, vibrant civil societies. When citizens are free to organize and work together across borders to make our communities healthier, our environment cleaner, and our world safer, that's when real change comes.”

Barack Obama (1961) 44th President of the United States of America

2014, Remarks at Clinton Global Initiative (September 2014)

Love , Women , People , World

“Tonight, we gather to affirm the greatness of our nation—not because of the height of our skyscrapers, or the power of our military, or the size of our economy. Our pride is based on a very simple premise, summed up in a declaration made over two hundred years ago: "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain inalienable rights, that among these are life, liberty and the pursuit of happiness."”

Barack Obama (1961) 44th President of the United States of America

That is the true genius of America—a faith in simple dreams, an insistence on small miracles.
2004, Democratic National Convention speech (July 2004)

Life , Men , Truth , Faith

“An exploration of the challenges Korea faces in transforming its economy from a government-directed, low-cost producer to an innovative world economic power based on its own scientific and technological development.”

Lewis M. Branscomb (1926) physicist and science policy advisor

Lewis M. Branscomb, Young-Hwan Choi (1996) Korea at the turning point: innovation-based strategies for development

World

“We are far from understanding how to achieve adaptively efficient economies because allocative efficiency and adaptive efficiency may not always be consistent. Allocatively efficient rules would make today's firms and decisions secure - but frequently at the expense of the creative destruction process that Schumpeter had in mind.”

Douglass C. North (1920–2015) American Economist

Source: Institutions (1990), p. 81; Ch. 9 : Organizations, learning, and institutional change

Understanding , Decision

“This foundation of the class struggle, which Marx – and this is his immortal service – has given to the modern labor movement, is the main point of attack in the battle which the bourgeois political economy is waging with socialism.”

Wilhelm Liebknecht (1826–1900) German socialist politician

No Compromise – No Political Trading (1899)
Context: This foundation of the class struggle, which Marx – and this is his immortal service – has given to the modern labor movement, is the main point of attack in the battle which the bourgeois political economy is waging with socialism. The political economists deny the class struggle and would make of the labor movement only a part of the bourgeois party movements, and the Social Democracy only a division of the bourgeois democracy. The bourgeois political economy and politics direct all their exertions against the class character of the modern labor movement. If it were possible to create a breach in this bulwark, in this citadel of the Social Democracy, then the Social Democracy is conquered, and the proletariat thrown back under the dominion of capitalistic society. However small such a breach may be in the beginning, the enemy has the power to widen it and the certainty of final victory. And the enemy is most dangerous when he comes as a friend to the fortress, when he slinks in under the cover of friendship, and is recognized as a friend and comrade. The enemy who comes to us with open visor we face with a smile; to set our foot upon his neck is mere play for us. The stupidly brutal acts of violence of police politicians, the outrages of anti-socialist laws, the anti-revolution laws, penitentiary bills – these only arouse feelings of pitying contempt; the enemy, however, that reaches out the hand to us for a political alliance; and intrudes himself upon us as a friend and brother, – him and him alone have we to fear. Our fortress can withstand every assault – it can not be stormed nor taken from us by siege – it can only fall when we ourselves open the doors to the enemy and take him into our ranks as a fellow comrade. Growing out of the class struggle, our party rests upon the class struggle as a condition of its existence. Through and with that struggle the party is unconquerable; without it the party is lost, for it will have lost the source of its strength. Whoever fails to understand this or thinks that the class struggle is a dead issue, or that class antagonisms are gradually being effaced, stands upon the basis of bourgeois philosophy.

“Political Economy regards the proletarian … like a horse, he must receive enough to enable him to work. It does not consider him, during the time when he is not working, as a human being.”

Karl Marx book Economic and Philosophic Manuscripts of 1844

First Manuscript – Wages of Labour, p. 6.
Paris Manuscripts (1844)
Context: Political Economy regards the proletarian … like a horse, he must receive enough to enable him to work. It does not consider him, during the time when he is not working, as a human being. It leaves this to criminal law, doctors, religion, statistical tables, politics, and the beadle. … (1) What is the meaning, in the development of mankind, of this reduction of the greater part of mankind to abstract labor? (2) What mistakes are made by the piecemeal reformers, who either want to raise wages and thereby improve the situation of the working class, or — like Proudhon — see equality of wages as the goal of social revolution?.

Time , Horse

“The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters.”

James Tobin (1918–2002) American economist

"James Tobin - Biographical" (1981)
Context: For me, growing up in the 1930s, the two motivations powerfully reinforced each other. The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters. The crisis triggered a fertile period of scientific ferment and revolution in economic theory.

Failure

“A free society is as much a threat to the intellectual's sense of worth as an automated economy is to the workingman's sense of worth. Any social order that can function with a minimum of leadership will be anathema to the intellectual.”

Eric Hoffer (1898–1983) American philosopher

Source: The Ordeal of Change (1963), Ch. 12: "Concerning Individual Freedom". [In this passage "work, fight, talk, for liberty than have it" is a quotation of Lincoln Steffens from The Autobiography of Lincoln Steffens (1931), p. 635]
Context: To the intellectual the struggle for freedom is more vital than the actuality of a free society. He would rather "work, fight, talk, for liberty than have it." The fact is that up to now the free society has not been good for the intellectual. It has neither accorded him a superior status to sustain his confidence nor made it easy for him to acquire an unquestioned sense of social usefulness. For he derives his sense of usefulness mainly from directing, instructing, and planning — from minding other people's business — and is bound to feel superfluous and neglected where people believe themselves competent to manage individual and communal affairs, and are impatient of supervision and regulation. A free society is as much a threat to the intellectual's sense of worth as an automated economy is to the workingman's sense of worth. Any social order that can function with a minimum of leadership will be anathema to the intellectual.
The intellectual craves a social order in which uncommon people perform uncommon tasks every day. He wants a society throbbing with dedication, reverence, and worship. He sees it as scandalous that the discoveries of science and the feats of heroes should have as their denouement the comfort and affluence of common folk. A social order run by and for the people is to him a mindless organism motivated by sheer physiologism.

Sense

“It’s very hard to prosper in this modern economy if you haven’t fully unleashed the potential of your people. And”

Barack Obama (1961) 44th President of the United States of America

Remarks by President Obama After Meeting with Vietnamese Civil Society Leaders at JW Marriott Hotel Hanoi in Hanoi, Vietnam (May 24, 2016) https://www.whitehouse.gov/the-press-office/2016/05/24/remarks-president-obama-after-meeting-vietnamese-civil-society-leaders
2016
Context: It’s very hard to prosper in this modern economy if you haven’t fully unleashed the potential of your people. And your people’s potential, in part, derives from their ability to express themselves and express new ideas, to try to right wrongs that are taking place in the society.

People

“Our history and the facts show that immigrants are a net plus for our economy and our society.”

Barack Obama (1961) 44th President of the United States of America

2014, Address to the Nation on Immigration (November 2014)
Context: I understand the disagreements held by many of you at home. Millions of us, myself included, go back generations in this country, with ancestors who put in the painstaking work to become citizens. So we don’t like the notion that anyone might get a free pass to American citizenship. I know some worry immigration will change the very fabric of who we are, or take our jobs, or stick it to middle-class families at a time when they already feel like they’ve gotten the raw deal for over a decade. I hear these concerns. But that’s not what these steps would do. Our history and the facts show that immigrants are a net plus for our economy and our society. And I believe it’s important that all of us have this debate without impugning each other’s character.

History

“You will perceive that economy, scientifically speaking, is a very contracted science; it is in fact a sort of vague mathematics which calculates the causes and effects of man's industry, and shows how it may be best applied.”

William Stanley Jevons (1835–1882) English economist and logician

Letter to Henrietta Jevons (28 February 1858), published in Letters and Journal of W. Stanley Jevons (1886), edited by Harriet A. Jevons, his wife, p. 101.
Context: You will perceive that economy, scientifically speaking, is a very contracted science; it is in fact a sort of vague mathematics which calculates the causes and effects of man's industry, and shows how it may be best applied. There are a multitude of allied branches of knowledge connected with mans condition; the relation of these to political economy is analogous to the connexion of mechanics, astronomy, optics, sound, heat, and every other branch more or less of physical science, with pure mathematics.

Mathematics , Science

“In the department of economy, an act, a habit, an institution, a law, gives birth not only to an effect, but to a series of effects.”

Frédéric Bastiat (1801–1850) French classical liberal theorist, political economist, and member of the French assembly

That which is seen and that which is not seen (Ce qu'on voit et ce qu'on ne voit pas, 1850), the Introduction.
Context: In the department of economy, an act, a habit, an institution, a law, gives birth not only to an effect, but to a series of effects. Of these effects, the first only is immediate; it manifests itself simultaneously with its cause — it is seen. The others unfold in succession — they are not seen: it is well for us, if they are foreseen. Between a good and a bad economist this constitutes the whole difference: the one takes account only of the visible effect; the other takes account of both the effects which are seen and those which it is necessary to foresee. Now this difference is enormous, for it almost always happens that when the immediate consequence is favourable, the ultimate consequences are fatal, and the converse. Hence it follows that the bad economist pursues a small present good, which will be followed by a great evil to come, while the true economist pursues a great good to come, at the risk of a small present evil.

Law , Birth

“As we gather tonight, our nation is at war, our economy is in recession, and the civilized world faces unprecedented dangers. Yet the state of our Union has never been stronger.”

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

2000s, 2002, State of the Union address (January 2002)
Context: Thank you very much. Mr. Speaker, Vice President Cheney, members of Congress, distinguished guests, fellow citizens. As we gather tonight, our nation is at war, our economy is in recession, and the civilized world faces unprecedented dangers. Yet the state of our Union has never been stronger.

War , World

“When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.”

Barack Obama (1961) 44th President of the United States of America

2013, Remarks on Economic Mobility (December 2013)
Context: So let me repeat: The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe. And it is not simply a moral claim that I’m making here. There are practical consequences to rising inequality and reduced mobility. For one thing, these trends are bad for our economy. One study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. And that makes sense. When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.

Family , Business , Wealth

“The U. S.'s major strength factor and weapon is its economy. If you cripple it, you cripple the military.”

Chester W. Nimitz (1885–1966) United States Navy fleet admiral

As quoted in "According to Plan" in TIME magazine (13 March 1950) http://www.time.com/time/printout/0,8816,812125,00.html

“Thus, if there exists a law which sanctions slavery or monopoly, oppression or robbery, in any form whatever, it must not even be mentioned. For how can it be mentioned without damaging the respect which it inspires? Still further, morality and political economy must be taught from the point of view of this law; from the supposition that it must be a just law merely because it is a law. Another effect of this tragic perversion of the law is that it gives an exaggerated importance to political passions and conflicts, and to politics in general.”

Frédéric Bastiat book The Law

The Law (1850)

Passion , Law

“A lion runs to the fastest when he is hungry.But nomatter how the economy is of the country he can never eat grass.”

Salman Khan (1965) Indian film actor

Grass , Country

“Today we have economies that need to grow, whether or not they make us thrive. What we need are economies that make us thrive, whether or not they grow.”

Kate Raworth book This Is Not a Drill: An Extinction Rebellion Handbook

[Raworth, Kate, This Is Not a Drill: An Extinction Rebellion Handbook, 2019, London, Penguin Books, 146-154, A new economics, 9780141991443]

Making love

“Soviet Russia has been behaving internationally very much as a satisfied Power, avoiding all trouble, and trying to keep peace at all costs. This is the opposite of a revolutionary policy which would aim at fomenting revolution in other countries. It is a national policy of building up socialism in a single country and avoiding all complications outside. Necessarily, this results in compromises with imperialist and capitalist Powers. But the essential socialist basis of Soviet economy continues, and the success of this is itself the most powerful argument in favour of socialism.”

Jawaharlal Nehru book Glimpses of World History

Glimpses of World History (1949)

Peace , Success , Country

“For those who hesitated to turn this page in history, it will be more difficult than for them who eagerly did so. … I also have no illusions about the difficulties that lie ahead. Heaven will not suddenly descend to us on earth – neither with regard to our personal relationships, nor where we tackle our racial problems, or where we develop our economy. But I am convinced that a great future awaits. … There will be a challenge in almost every task we undertake, every issue we face.”

Hendrik Verwoerd (1901–1966) Prime Minister of South Africa from 1958 until his assassination in 1966

History , Personality , Future , Problem

“As I have said time and again, the focal point of our economy is the individual.”

Ludwig Erhard (1897–1977) German politician

The Economics of Success (D. van Nostrand & Co., 1963), pp. 283–284

Time

“The reason i am a communist is because I believe in a total revolution which is going to overthrow the capitalist control of the economy, which will seize the wealth from all of the giant corporations that exploit and control the lives of all working people.”

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

From an interview https://www.facebook.com/Redfishstream/videos/184844339473961/.

Wealth , People

“If that’s the way you want to describe a government that’s going to be active and focused on making sure that we have jobs in our regions, that we have infrastructure that’s well supported and that we’re growing our economy by ensuring that we are investing in our people, then that might be the way you describe it. I describe it as a proactive government – one that’s focused on people.”

Jacinda Ardern (1980) Prime Minister of New Zealand

About if her administration will going to implement a economic nationalist policy.
Interview with Lisa Owen at Newshub Nation, 21 October 2017

Way , Support , Making love , People

“The sweet spot is acknowledging that we have pressure on our infrastructure. And I think, actually, that is common ground between all parties that will form this government because there is undoubtedly strain based on the fact that we have had a government that’s entire growth agenda has been based on population growth rather than focusing on making sure that we move to a productive economy. Our view is that it is about the settings. It is about making sure that we are meeting the skills gaps that we have – and we do have them in New Zealand – meeting those skills gaps by making sure that we are undertaking those work tests, by making sure that our export education industry isn’t exploiting people, and by making sure that people on temporary work visas aren’t exploited either. That’s the area we’re focused on, and there’s agreement there.”

Jacinda Ardern (1980) Prime Minister of New Zealand

On her immigration policy.
Interview with Lisa Owen at Newshub Nation, 21 October 2017

Education , Thinking , Making love , People

“I think that you, american people, worry too much about the China economy, [...] Every time you start to worry about the China economy, China goes better.”

Jack Ma (1964) Chinese businessman

https://www.youtube.com/watch?v=ib8YG-WDZtM: 6 minutes 08 seconds into the video

Thinking , Time , People

“Political Economy regards the proletarian … like a horse, he must receive enough to enable him to work. It does not consider him, during the time when he is not working, as a human being. It leaves this to criminal law, doctors, religion, statistical tables, politics, and the beadle. … (1) What is the meaning, in the development of mankind, of this reduction of the greater part of mankind to abstract labor? (2) What mistakes are made by the piecemeal reformers, who either want to raise wages and thereby improve the situation of the working class, or — like Proudhon — see equality of wages as the goal of social revolution?.”

Karl Marx book Economic and Philosophic Manuscripts of 1844

Source: First Manuscript – Wages of Labour, p. 6.
Source: Economic and Philosophic Manuscripts of 1844

Religion , Time , Law , Horse

“Efficient exploitation of “human resources” requires that the structures that refer the others’ actions to the exploiter’s ends must extend beneath the victim’s skin. The exploiter has to bring about the partial disintegration and re(mis)integration of the others’ matter, parts and properties so that as organized systems the exploited are oriented to some degree by habits, skills, schedules, values and tastes to the exploiter’s ends rather than, as they would otherwise be, to ends of their own. In particular, the manipulations which adapt the exploited to a niche in another’s economy must accomplish a great reduction of the victim’s intolerance of coercion.”

Marilyn Frye book The Politics of Reality

Source: The Politics of Reality: Essays in Feminist Theory (1983), p. 60

Parting

“We've always been under sanctions. Even under all those sanctions we have made the growth thus far, so I am not afraid.… If you wish to lift the sanctions then lift them, or if you wish to impose sanctions then impose them. I do not care. We will improve our economy further no matter what.”

Kim Il-sung (1912–1994) President of the Democratic People's Republic of Korea

Source: Remarks to Jimmy Carter (June 1994), as recalled during his final policy meeting and shown in the KCTV documentary The Year 1994

“Institutionalized rejection of difference is an absolute necessity in a profit economy which needs outsiders as surplus people.”

Audre Lorde (1934–1992) writer and activist

People

“The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.”

Ha-Joon Chang book 23 Things They Don't Tell You About Capitalism

Source: 23 Things They Don't Tell You About Capitalism

People , Way , Wealth

“Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.”

Milton Friedman (1912–2006) American economist, statistician, and writer

Motivation , Freedom , Loss , Help

“The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.”

Henry Hazlitt (1894–1993) American journalist

“In the economy of Heaven, God does not send thunder if a still, small voice is enough, or a prophet if a priest can do the job.”

Neal A. Maxwell (1926–2004) Mormon leader

God

“Compared to a novel, a film is like an economy pizza where there are no olives, no ham, no anchovies, no mushrooms, and all you’ve got is the dough.”

Louis De Bernières (1954) English novelist

“A major source of objection to a free economy is precisely that it … gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.”

Milton Friedman (1912–2006) American economist, statistician, and writer

Source: (1962), Ch. 1 The Relation Between Economic Freedom and Political Freedom, 2002 edition, page 15

People , Thinking , Freedom

“Cheap booze is a false economy.”

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

Source: Hitch-22: A Memoir

Falseness

“The promoters of the global economy… see nothing odd or difficult about unlimited economic growth or unlimited consumption in a limited world.”

Wendell Berry (1934) author

Source: Another Turn of the Crank

World

“Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others.”

Ayn Rand book Capitalism: The Unknown Ideal

Capitalism: The Unknown Ideal (1966)

Men

“Even mocking people helped their face stats. In the reputation economy, the only real way to hurt anyone was to ignore them completely. And it was pretty hard to ignore someone who made your blood boil.”

Scott Westerfeld book Extras

Source: Extras

People , Way , Help , Hurt

“Forgiveness is the economy of the heart.…forgiveness saves the expense of anger, the cost of hatred, the waste of spirits.”

Hannah More (1745–1833) English religious writer and philanthropist

Forgiveness , Heart , Anger

“Know something? I'd lay even odds that between the people following us and the people hunting us, we've become this city's principle means of employment. Tal Verrar's entire economy is now based on.”

Scott Lynch book Red Seas Under Red Skies

Source: Red Seas Under Red Skies

People

“Let us have the candor to acknowledge that what we call “the economy” or “the free market” is less and less distinguishable from warfare.”

Wendell Berry (1934) author

Citizenship Papers (2003), The Failure of War
Context: Let us have the candor to acknowledge that what we call “the economy” or “the free market” is less and less distinguishable from warfare. For about half of the last century, we worried about world conquest by international communism. Now with less worry (so far) we are witnessing world conquest by international capitalism. Though its political means are milder (so far) than those of communism, this newly internationalized capitalism may prove even more destructive of human cultures and communities, of freedom, and of nature. Its tendency is just as much toward total dominance and control.

“Be it unto you, even as you believe.

In God's economy, we believe first and then see.”

Joyce Meyer (1943) American author and speaker

God

“I hate this shallow Americanism which hopes to get rich by credit, to get knowledge by raps on midnight tables, to learn the economy of the mind by phrenology, or skill without study, or mastery without apprenticeship.”

Ralph Waldo Emerson (1803–1882) American philosopher, essayist, and poet

Hate , Hope , Knowledge , Study

“Economy spoils pleasure.”

Giacomo Casanova (1725–1798) Italian adventurer and author from the Republic of Venice

Memoirs of J. Casanova de Seingalt (1894)
Variant: Economy in pleasure is not to my taste.

Pleasure

“At 2 per cent growth a year, an economy doubles in size in just thirty years.”

Paul Ormerod book The Death of Economics

Part I, Chapter 2, Measuring Prosperity, p. 23
The Death of Economics (1994)

“Look at what Bush has done. The economy took an incredible hit after September 11. That was a huge shock to the economy. And we've recovered a lot quicker than we thought, thanks to Bush and his economic policy.”

Christine O'Donnell (1969) American Tea Party politician and former Republican Party candidate

Donahue
2002-11-22
TV appearances

“In the political domain, deprived of any collective politcal landmark, stripped of any notion of the 'meaning of History; and no longer able to hope for or expect a social revolution, many intellectuals, along with much of public opinion, have been won over to the logic of a capitalist economy and a parliamentary democracy.”

Alain Badiou (1937) French writer and philosopher

Source: Ethics, Chapter One, "Does Man Exist?"

Hope , Democracy , History

“The most pertinent fact about the new state of things after Constantine and Augustine is not that Christians were no longer persecuted and began to be privileged, nor that emperors built churches and presided over ecumenical deliberations about the Trinity; what matters is that the two visible realities, church and world, were fused. There is no longer anything to call "world"; state, economy, art, rhetoric, superstition, and war have all been baptized.”

Constantinianism Policies

John Howard Yoder, "The Otherness of the Church" (1961) in A Reader in Ecclesiology (2012), p. 200

War , World , Art , Reality

“(…) Gandhi also distanced himself from classical economic theory. Adam Smith’s assertion that it is in the nature of each individual to pursue his or her own self-interest in the marketplace and that “it is his own advantage, indeed, and not that of the society, which he has in view,” was anathema to Gandhi.54 He believed in a virtuous economy in which the community’s interest superseded individual self-interest and argued that anything less depreciates the happiness of the human race.”

Jeremy Rifkin (1945) American economist

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

Communication , Nature , Happiness

“Have I ever remarked on how completely ridiculous it is to ask high school students to decide what they want to do with the rest of their lives and give them nearly no support in doing so? Support like, say, spending a day apiece watching twenty different jobs and then another week at their top three choices, with salary charts and projections and probabilities of graduating that subject given their test scores? The more so considering this is a central allocation question for the entire economy?”

Eliezer Yudkowsky (1979) American blogger, writer, and artificial intelligence researcher

A comment on Memetic Hazards in Videogames (September 2010) http://lesswrong.com/lw/2pe/memetic_hazards_in_videogames/2l8y

School , Question , Support

“Milosevic was convinced that he could create Greater Serbia on the ruins of Yugoslavia, which is why he entered the war adventure that left thousands and thousands dead, a destroyed economy, infrastructure, homes, cities and villages. That politics did not succeed. Dodik, basically, wants to achieve Milosevic’s aims, but not with artillery, but thinks that some sort of politics will lead to people saying: okay, let them break away, let them link with Serbia. That cannot pass.”

Stjepan Mesić (1934) Former Croatian and Yugoslav president

President: Dodik Carries Out Milosevic's Politics, Dalje, 28 February 2009, 17 January 2013 http://www.javno.com/en-croatia/president--dodik-carries-out-milosevics-politics_238621, Criticizing Republika Srpska and its leader Milorad Dodik.

War , People , Home , Thinking

“Decentralization may bring flexibility and fast response to changing business needs, as well as other benefits, but decentralization also makes systems integration difficult, presents a barrier to standardization, and acts as a disincentive toward achieving economies of scale. As a result, there is a need to balance the decentralization of IT management to business units with some centralized planning for technology, data, and human resources”

Gerardine DeSanctis (1954–2005) American organizational theorist

Gerardine DeSanctis, Brad M. Jackson, in: Coordination of information technology management: team-based structures and computer-based communication systems http://dl.acm.org/citation.cfm?id=1189653, Journal of Management Information Systems - Special issue: Information technology and organization design Volume 10 Issue 4, March 1994, pp 85-110.

Business , Change

“The European discovery rather than Aboriginal occupation constitutes Australia's pre-history. Australia - its economy, society and polity - is a construction of European civilisation. Australia did not exist when traditional Aborigines occupied the continent. Aborigines have been participants in Australian history, but that story begins with all the others in 1788.”

John Hirst (1942–2016) Australian historian

Sense and Nonsense in Australian History (2005)

History

“The word " economy" has latterly been used in various senses; the Germans give it a very indefinite signification.
Judging from its etymology and original signification, the Greeks seem to have understood by it the establishment and direction of the menage, or domestic arrangements.
Xenophon, in his work on economy, treats of domestic management, the reciprocal duties of the members of a family and of those who compose the household; and only incidentally mentions agriculture as having relation to domestic affairs. This word is never applied to agriculture by Xenophon, nor, indeed, by any Greek author; they distinguish it by the terms, georgic geoponic.
The Romans give a very extensive and indefinite signification to the word "economy." They understand by it, the best method of attaining the aim and end of some particular thing; or the disposition, plan, and division of some particular work. Thus, Cicero speaks of oeconomia causae, oeconomia orationis; and by this he means the direction of a law process, the arrangement of an harangue. Several German authors use it in this sense when they speak of the oekonomie eines schauspiels, or eines gedichtes, the economy of a play or poem. Authors of other nations have adopted all the significations which the Romans have attached to this word, and understand by it the relation of the various parts of any particular thing to each other and to the whole—that which we are accustomed to term the organization. The word "economy" only acquires a real sense when applied to some particular subject: thus, we hear of "the economy of nature," "the animal economy," and " the economy of the state" spoken of. It is also applied to some particular branch of science or industry; but, in the latter case, the nature of the economy ought to be pointed out, if it is not indicated by the nature of the subject.”

Albrecht Thaer (1752–1828) German agronomist and an avid supporter of the humus theory for plant nutrition

Source: The Principles of Agriculture, 1844, Section II. The Economy, Organization and Direction of an Agricultural Enterprise, p. 54-55.

Family , Law , Understanding , Nature

“The experience of the democratic countries with the most advanced economies also tells us that no single pattern, or even a dominant one, has emerged; and what has emerged is a product of the special characteristics and the unique history of each country.”

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

After the Revolution? (1970; 1990), Ch. 3 : Democracy and Markets

History , Country

“My aim is freedom and voluntary relations in all fields. The market economy is the result of this in the economic realm; in the cultural realm it means freedom of expression; in politics, democracy and the rule of law; in social life, the right to live according to one's own values and to choose one's company.”

Johan Norberg book In Defense of Global Capitalism

In Defense of Global Capitalism

Life , Law , Democracy , Freedom

“In a market economy, this means striving for higher family income, a highly educated and/or trainable workforce, better health care, affordable food and housing and peaceful communities.”

Francis Escudero (1969) Filipino politician

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

Health , Education , Family , Peace

“We're subject to the same forces of capitalism that have built the entire American economy. Strong returns induce more capital flow, which creates more competitors, and you have to evolve and get better, or you die.”

Kenneth Griffin (1968) American hedge fund manager

"Citadel Boss Won't Be Hedging On Day Job," Chicago Tribune (March 2006) http://www.healthdecisions.org/StopLossReinsurance/News/default.aspx?doc_id=58379
On competition among hedge funds.

Strong

“The history of the Republican Party is marked by vacillation between its founding principle of opportunity and its domination by the wealthy elite. The party came together in the 1850s in opposition to the wealthy slaveholders who controlled the federal government. Democrats acting on their behalf insisted that America’s primary principle was the Constitution's protection of property, and they pushed legislation to let planters monopolize the country’s resources at the expense of the working. … Abraham Lincoln and others recoiled from the idea of government as a prop for the rich. In organizing the Republican Party, they highlighted the equality of opportunity promised in the Declaration of Independence and warned that a healthy economy depended on widespread prosperity. Northerners and hardscrabble Westerners flocked to that vision, and elected Lincoln to the White House in 1860.”

Heather Cox Richardson American historian

"Bring Back the Party of Lincoln" http://www.nytimes.com/2014/09/04/opinion/bring-back-the-party-of-lincoln.html?_r=0 (3 September 2014), The New York Times, New York

History , Idea , Housing , Dependency

“Geographically, the global economy is now multi-polar, as new centres of production have emerged in parts of what had been, historically, the periphery of the world economy. The world is now more accurately described as a 'mosaic of unevenness in a continual state of flux.”

Peter Dicken (1938) British geographer

Source: Global Shift (2003) (Fourth Edition), Chapter 15, Winners and Losers, p. 509

World , Parting

“In the United States, we’ve long had a free market system, but that system is not what it once was. Total government spending–state, federal, and local–has grown in real terms by more than 400 percent since 1965. Government spending is now one-third of the economy. As the private economy retreats, the importance of a new marketplace grows: the political marketplace. Products and services are no longer judged according to their usefulness to the economy at large–they’re judged according to whether or not they are politically useful or connected. The political marketplace is the marketplace of crony capitalism. Its supply and demand are lobbying expenditures and the resulting federal program or carve out. Its actors are not firms, but the political class and the politicians they influence”

Ted Budd (1971) American politician

Rep. Budd: The Political Market vs. the Private Market http://www.breitbart.com/big-government/2017/05/02/rep-budd-political-market-vs-private-market/ (May 2, 2017)

“When we ask ourselves by what means a certain moral level can be maintained in a human or animal society, we find only three such means: the repression of anti-social acts; moral teaching; and the practice of mutual help itself. And as all three have already been put to the test of practice, we can judge them by their effects.
As to the impotence of repression — it is sufficiently demonstrated by the disorder of present society and by the necessity of a revolution that we all desire or feel inevitable. In the domain of economy, coercion has led us to industrial servitude; in the domain of politics — to the State, that is to say, to the destruction of all ties that formerly existed among citizens, and to the nation becoming nothing but an incoherent mass of obedient subjects of a central authority.”

Peter Kropotkin (1842–1921) Russian zoologist, evolutionary theorist, philosopher, scientist, revolutionary, economist, activist, geogr…

Anarchism: Its Philosophy and Ideal (1896)

Feeling , Help , Animals

“Old-boy networks, alumni giving, affirmative action, sports, and diversity have pretty much put an end to classical meritocratic admissions. That decline of standards in admissions is perversely ironic, because at about the same time, a new campus ethos of grade inflation was predicated on the self-important notion that if you were smart enough to get into Princeton or Harvard, then Harvard and Princeton would make the necessary adjustments and concessions to make sure you graduated. The result of self-congratulation is that a Stanford graduate now usually knows less history than his Hillsdale counterpart. A successful self-made businessman can know a lot more about the economy than does a Harvard M. B. A.”

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

2010s, The Deflation of the Academic Brand (2018)

History , Boy , Sport , Time

“Because prices move inexorably towards the free, the best move in the network economy is to anticipate this cheapness.”

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)

“The interface between an industrial economy and the biosphere is what the industrial nation state can’t handle. So the new culture isn't based on nation state turf; it's based on biological, ecological processes, so the atmosphere is more the model than the land. And the science that would describe the processes of the atmosphere are more the new complex dynamical sciences, chaotic systems of clouds, rather than the clods.”

William Irwin Thompson (1938) American writer

Interview with Thompson in Life, Lindisfarne, and Everything, from Alexandria 4: The Order and Beauty of Nature edited by David Fideler (1997).

Science

“In various bits and pieces, we have steered Intel from a start-up to one of the central companies of the information economy.”

Andrew S. Grove (1936–2016) Hungarian-born American businessman, engineer, and author

Andrew Grove, in: " 1997 Technology Leader of the Year http://www.industryweek.com/companies-amp-executives/1997-technology-leader-yearandy-grove-building-information-age-legacy", IndustryWeek.com, December 15, 1997
1980s - 1990s

“Franklin is a good type of our American manhood. Although not the wealthiest or the most powerful, he is undoubtedly, in the versatility of his genius and achievements, the greatest of our self-made men. The simple yet graphic story in the Autobiography of his steady rise from humble boyhood in a tallow-chandler shop, by industry, economy, and perseverance in self-improvement, to eminence, is the most remarkable of all the remarkable histories of our self-made men. It is in itself a wonderful illustration of the results possible to be attained in a land of unequaled opportunity by following Franklin's maxims.”

Benjamin Franklin (1706–1790) American author, printer, political theorist, politician, postmaster, scientist, inventor, civic activist, …

Written by Frank Woodworth Pine in his introduction to the 1916 publication of The Autobiography of Benjamin Franklin https://www.gutenberg.org/files/20203/20203-h/20203-h.htm. Pine, F.W. (editor). Henry Holt and Company via Gutenberg Press. (1916). Introduction.
The Autobiography (1818), The Autobiography (1916)

Men , History , Perseverance

“We usually think that a strong economy leads to an increase in life satisfaction among the population. We found that's not the case in Scotland.”

David Blanchflower (1952) British economist

Dartmouth College news release 30 July 2004 http://www.dartmouth.edu/~news/releases/2004/07/30.html

Life , Thinking , Strong

“Those without a chip will not be allowed in high security places like military installations, prisons, government buildings of all sorts and of course airports, subways, trains and later cars and trucks. Eventually, after some major planned crisis of course, it will become mandatory and anyone who does not take this chip will not only not be allowed to do those things, they will become “enemies of the state” for “disrupting the economy” or “threatening public security” or whatever phrase they can dream up to excuse arresting, imprisoning and eventually executing those who don't cooperate. Wars and civil unrest have always been great “cover” for implementing grabs for power.”

Kent Hovind (1953) American young Earth creationist

Source: What On Earth Is About To Happen… For Heaven’s Sake? (2013), pp. 140-141

War , Dreams , Cars , Training

“Suppose a clothing manufacturer learns of a machine that will make men’s and women's overcoats for half as much labor as previously. He installs the machines and drops half his labor force.This looks at first glance like a clear loss of employment. But the machine itself required labor to make it; so here, as one offset, are jobs that would not otherwise have existed. The manufacturer, how ever, would have adopted the machine only if it had either made better suits for half as much labor, or had made the same kind of suits at a smaller cost. If we assume the latter, we cannot assume that the amount of labor to make the machines was as great in terms of pay rolls as the amount of labor that the clothing manufacturer hopes to save in the long run by adopting the machine; otherwise there would have been no economy, and he would not have adopted it.So there is still a net loss of employment to be accounted for. But we should at least keep in mind the real possibility that even the first effect of the introduction of labor-saving machinery may be to increase employment on net balance; because it is usually only in the long run that the clothing manufacturer expects to save money by adopting the machine: it may take several years for the machine to "pay for itself."After the machine has produced economies sufficient to offset its cost, the clothing manufacturer has more profits than before. (We shall assume that he merely sells his coats for the same price as his competitors, and makes no effort to undersell them.) At this point, it may seem, labor has suffered a net loss of employment, while it is only the manufacturer, the capitalist, who has gained. But it is precisely out of these extra profits that the subsequent social gains must come. The manufacturer must use these extra profits in at least one of three ways, and possibly he will use part of them in all three: (1) he will use the extra profits to expand his operations by buying more machines to make more coats; or (2) he will invest the extra profits in some other industry; or (3) he will spend the extra profits on increasing his own consumption. Whichever of these three courses he takes, he will increase employment.”

Henry Hazlitt book Economics in One Lesson

Economics in One Lesson (1946), The Curse of Machinery (ch. 7)

Women , Men , Money , Hope

“Neil Cavuto: Yeah but, you can't, Congressman, we've got a pretty good economy going here, right? We've got productivity soaring. We've got retail sales that are strong. We've got corporate earnings that for, what, the 19th quarter, are up double digit? We've got a market chasing highs, I mean, this isn't happening in a vacuum, right?
Ron Paul: Yeah, that's nice, but when you have to borrow, you know… My personal finances would be very good if I borrowed a million dollars every month. But, someday, the bills will become due. And the bills will come due in this country, and then we'll have to pay for it. We can't afford this war, and we can't afford the entitlement system.
Neil Cavuto: Look, Congressman, did you say this 10 years ago, when the numbers were similarly strong…
Ron Paul: Go back and check.
Neil Cavuto: …and we were still borrowing a good deal then.
Ron Paul: That's right, that means the dollar bubble is much bigger than ever.
Neil Cavuto: So what's gonna happen?
Ron Paul: We've had the NASDAQ bubble collapse already. We have the housing bubble in the middle of a collapse, so the dollar bubble will collapse as well. We have to live within our means. You can't print money out of the blue, and think you can print your money into prosperity.”

Ron Paul (1935) American politician and physician

Your World with Neil Cavuto, FOX News, May 15, 2007 http://www.newshounds.us/2007/05/16/rep_ron_paul_tells_fox_newsrepublicans_the_truth_they_dont_like_hearing_it.php http://www.youtube.com/watch?v=MU2RK0TNbXk
2000s, 2006-2009

Money , War , Thinking , Strong

“realities of our own countries rather than catching up with the western economic models, [Bhatt urged] the people to follow a principle which ensures six basic necessities- food, shelter, clothing, primary education, primary healthcare and primary banking- are available within a 100 mile distance. If these necessities are locally produced and consumed, we will have the growth of a new holistic economy.”

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

Quoted in in "Ela Bhatt of SEWA awarded Indira Gandhi Prize for promoting peace".

People , Education , Food , Reality

“I think that the polls taken in Baghdad explain it very well, they seem to understand. The United States invaded Iraq to gain control of one of the major sources of the world’s energy, right in the heart of the world’s energy producing regions. To create, if they can, a dependent client state. To have permanent military bases. And to gain what’s called “critical leverage” - I’m quoting Zbigniew Brzezinski - to gain critical leverage over rivals, the European and Asian economies. It’s been understood since the Second World War, that if you have your hand on that spigot, the main source of the world’s energy, you have what early planners called “veto power” over others. Iraq is also the last part of the world where there are vast, untapped, easily accessible energy resources. And you can be sure that they want the profits from that to go primarily to U. S.-based multinationals and back to the U. S. Treasury, not to rivals. There are plenty of reasons for invading Iraq.”

Noam Chomsky (1928) american linguist, philosopher and activist

Quotes 2000s, 2004, Interview by Bill Maher, 2004

War , World , Quotes , Understanding

“We need to have policies that stimulate the economy, and the economy is stimulated when business feels confident that we can put people back to work.”

Sharron Angle (1949) Former member of the Nevada Assembly from 1999 to 2007

Sharron Angle Asked Tough Policy Questions
KLAS-TV
2010-10-29
http://www.8newsnow.com/story/13412483/sharron-angle-asked-tough-policy-questions
2010-10-29
Leanne
Sharron Angle Rebuffs Press: I’ll Answer Questions When I’m the Senator
Blue Wave News
2010-10-30
http://bluewavenews.com/blog/2010/10/30/sharron-angle-rebuffs-press-ill-answer-questions-when-im-the-senator/
2010-10-30
to CBS reporter Nathan Baca, at McCarran International Airport

People , Feeling , Confidence , Business

“You do not believe that souls are assigned, first to one body and then to another, and that our so-called death is merely a change of abode? You do not believe that in cattle, or in wild beasts, or in creatures of the deep, the soul of him who was once a man may linger? You do not believe that nothing on this earth is annihilated, but only changes its haunts? And that animals also have cycles of progress and, so to speak, an orbit for their souls, no less than the heavenly bodies, which revolve in fixed circuits? Great men have put faith in this idea; therefore, while holding to your own view, keep the whole question in abeyance in your mind. If the theory is true, it is a mark of purity to refrain from eating flesh; if it be false, it is economy. And what harm does it do to you to give such credence? I am merely depriving you of food which sustains lions and vultures.”

Sotion (Pythagorean) ancient greek philosopher

Quoted in Seneca the Younger, Moral letters to Lucilius, CVIII, 20-21.

Death , Men , Faith , Food

“After nearly fifteen years of systematic destruction of public space, engineered by Putin, the normal ways by which regular people absorb information about the state of their country are gone. Only a person who had lost his livelihood or half his savings would have been able to report that the economy was failing.”

Masha Gessen (1967) Russian-American journalist and activist

"The News in Moscow" http://www.newyorker.com/news/news-desk/news-in-moscow-russia-ruble (27 December 2014), The New Yorker.

People , Way , Personality , Country

“Objectively speaking, the history of North Korean state has been one of an ambitious social if brutal experiment that ended in a very ugly disaster. Essentially, the 70 years of the Kim Family's rule have been the wasted years. The Kim family did not merely build one of the world’s most “perfect” Stalinist dictatorships, but also managed to transform into a basket case what once, in the 1940s, was the most advanced industrial economy of East Asia outside Japan. However, one should not expect that such a pessimistic, if honest, view of North Korea’s past, is going to be enthusiastically embraced by those North Koreans who bother to care about such matters.”

Andrei Lankov (1963) Russian academic

Get Ready For Selective Amnesia (November 2015)

World , Family , History , Past

“We have won on the Arlov, Kursk, Belgorod, and Kharkov grounds. We won because the country was being defended not only by the army but by the entire Soviet people. The Socialist economy, Soviet political structure, and Marxist-Leninist ideology proved their unarguable excellence against the Fascist economy, Fascist political structure, and Fascist ideology of Germany.”

Hovhannes Bagramyan (1897–1982) Soviet military commander

Quoted in "I. C. Bagramyan: A Photo Album About A Soviet Marshal" - Yerevan - 1987

People , Country

“There was a limited literature on external economies and international trade before 1978. It was never, however, very influential, because it seemed terminally messy; even the simplest models became bogged down in a taxonomy of possible outcomes. What has since become clear is that this messiness arose in large part because the modelers were asking their models to do what traditional trade models do, which is to predict a precise pattern of specialization and trade.”

Paul Krugman (1953) American economist

How I Work (1993)

Literature , Parting

“My budget blueprint will restrain spending, yet meet growing needs with a reasonable 4 percent growth rate, which is a little more than inflation. After paying the bills, my plan reduces the national debt, and fast. So fast, in fact, that economists worry that we're going to run out of debt to retire. That would be a good worry to have. Finally, along with funding our priorities and paying down debt, my plan returns about one out of every four dollars of the surplus to the American taxpayers, who created the surplus in the first place. A surplus in tax revenue, after all, means that taxpayers have been overcharged. And usually when you've been overcharged, you expect to get something back. Tax relief means real help for both American families and the American economy. Everybody who pays income taxes will receive a tax cut. Nobody will be targeted in, and nobody will be targeted out. The typical family will get about $1,600 in tax relief, and that's real money. And that's money that will help American families manage their own accounts, manage your own balance sheets.”

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

2000s, 2001, Radio Address to the Nation (February 2001)

Money , Family , Help

“Most academic economists know nothing of economy. In fact, they know little of anything.”

Edward Abbey (1927–1989) American author and essayist

Source: A Voice Crying in the Wilderness (Vox Clamantis in Deserto) (1990), Ch. 11 : Money Et Cetera, p. 97

“We need to abandon the economist's notion of the economy as a machine, with its attendant concept of equilibrium. A more helpful way of thinking about the economy is to imagine it as a living organism.”

Paul Ormerod book The Death of Economics

Part II, Chapter 7, Attractor Points, p. 151
The Death of Economics (1994)

Way , Imagination , Thinking , Help

“The stampede toward “rational expectations” — widely thought to be a “revolution,” though it was only a generalization of the neoclassical idea of equilibrium—derailed the expectations-driven model building that had just left the station. In the end, this way of modeling has not illuminated how the world economy works.”

Edmund Phelps (1933) American economist

Edmund S. Phelps (2007) "Foreword," in Roman Frydman and Michael D. Goldberg, Imperfect Knowledge Economics: Exchange Rates and Risk.

World , Way , Idea

“Economists can take a good deal of credit for the stabilization policies which have been followed in most Western countries since 1945 with considerable success. It is easy to generate a euphoric and self-congratulatory mood when one compares the twenty years after the first World War, 1919-39, with the twenty years after the second, 1945-65. The first twenty years were a total failure; the second twenty years, at least as far as economic policy is concerned, have been a modest success. We have not had any great depression; we have not had any serious financial collapse; and on the whole we have had much higher rates of development in most parts of the world than we had in the 1920’s and 1930’s, even though there are some conspicuous failures. Whether the unprecedented rates of economic growth of the last twenty years, for instance in Japan and Western Europe, can be attributed to economics, or whether they represent a combination of good luck in political decision making with the expanding impact of the natural and biological sciences on the economy, is something we might argue. I am inclined to attribute a good deal to good luck and non-economic forces, but not all of it, and even if economics only contributed 10 percent, this would amount to a very handsome rate of return indeed, considering the very small amount of resources we have really put into economics.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1960s, The economics of knowledge and the knowledge of economics, 1966, p. 9

War , World , Failure , Mood

“At the beginning of the last two decades of our century, we find ourselves in a state of profound, world-wide crisis. It is a complex, multi-dimensional crisis whose facets touch every aspect of our lives - our health and livelihood, the quality of our environment and our social relationships, our economy, technology, and politics. It is a crisis of intellectual, moral, and spiritual dimensions; a crisis of a scale and urgency unprecedented in recorded human history. For the first time we have to face the very real threat of extinction of the human race and of all life on this planet.”

Fritjof Capra book The Turning Point

Source: The Turning Point (1982), Ch. 1. The Turning of the Tide.

Life , Health , World , History

“Now most serious thinkers acknowledge that dislocations in the market operation of our economy and the prevalence of discrimination thrust people into idleness and bind them in constant or frequent unemployment against their will. The poor are less often dismissed from our conscience today by being branded as inferior and incompetent. We also know that no matter how dynamically the economy develops and expands, it does not eliminate all poverty.”

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

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

People

“Consumer debt is the lifeblood of our economy. All modern nation states are built on deficit spending. Debt has come to be the central issue of international politics. But nobody seems to know exactly what it is, or how to think about it.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter One, "On The Experience of Moral Confusion", p. 4

Thinking

“I return to economics and to economists, and to the question of why the profession’s directions have evolved in the manners evident from this book. A major conservative economist once explained that a source of his antipathy to government traced back to the defeat of his southern ancestors by a larger north economy. Here is a similar factoid. Joan Robinson once wrote that her opposition to having the U. K. enter the European Market was due to the fact that she “had more friends in [Nehru’s] India than on the continent.””

Paul A. Samuelson (1915–2009) American economist

Coeditor's Forword in Inside the economist’s mind: conversations with eminent economists (2007)
New millennium

Books , Question

“To demonize state authoritarianism while ignoring identical albeit contract-consecrated subservient arrangements in the large-scale corporations which control the world economy is fetishism at its worst.”

Bob Black (1951) American anarchist

The Libertarian as Conservative (1984)

World

“I do not see how one can look at figures like these without seeing them representing possibilities. Is there some action a government of India could take that would lead the Indian economy to grow like Indonesia's or Egypt's? If so, what exactly? If not, what is it about the "nature of India" that makes it so? The consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else.”

Robert Lucas Jr. (1937) American economist

Robert E. Lucas, "On the Mechanics of Economic Development." Journal of Monetary Economics. 22 July, 1988, pp. 5: On economic growth

Question , Nature , Thinking

“We define the knowledge economy as production and services based on knowledge-intensive activities that contribute to an accelerated pace of technical and scientific advance, as well as rapid obsolescence. The key component of a knowledge economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources.”

Walter W. Powell (1948) American sociologist

Walter W. Powell and Kaisa Snellman. "The knowledge economy." Annu. Rev. Sociol. 30 (2004): 199-220.

Nature , Knowledge

“Senator Obama said that he wants to spread the wealth and he wants government to take your money and decide how to best to redistribute it according to his priorities. Joe suggested that sounded a little bit like socialism. Whatever you call it, I call it bad medicine for an ailing economy and it's what Barack Obama will do to those who want to create jobs.”

Sarah Palin (1964) American politician

Rally in West Chester, Ohio, , quoted in [2008-10-17, Palin Aligns Obama’s Economic Policies with ‘Socialism’, Elizabeth, Holmes, Washington Wire, The Wall Street Journal, http://blogs.wsj.com/washwire/2008/10/17/palin-aligns-obamas-economic-policies-with-socialism/]
Referring to Senator Barack Obama saying to Samuel "Joe the Plumber" Wurzelbacher on about progressive taxation, "And I think when you spread the wealth around, it's good for everybody" and Wurzelbacher saying of it http://www.toledoblade.com/Politics/2008/10/16/Joe-the-plumber-isn-t-licensed.html to the Toledo Blade, "That's a pretty socialist comment."
2014

Money , Wealth

“From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.”

Ron Paul (1935) American politician and physician

Before the US House of Representatives, introducing the The Federal Reserve Board Abolition Act, H.R. 833. http://www.lewrockwell.com/paul/paul504.html (9 February 2009)
2000s, 2006-2009

Money , Suffering , Past , Housing

“What we Republicans should stand for is growth in the economy. We ought to make the pie higher.”

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

Republican primary debate in Columbia, South Carolina http://www.businessweek.com/archives/2000/b3670066.arc.htm (February 15, 2000).
2000s, 2000

“The utility of a language as a tool of thought increases with the range of topics it can treat, but decreases with the amount of vocabulary and the complexity of grammatical rules which the user must keep in mind. Economy of notation is therefore important.”

Kenneth E. Iverson (1920–2004) Canadian computer scientist

§1.4
Notation as a Tool of Thought (1979)

Quotes about economy page 2

Quotes about economy
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