Quotes about market
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“Everyone goes to the 'Grands-Boulevards' and let himself loose... Do not picture these in costume, they are not for the most part.... perhaps a clown with a big nose, or two girls with bare necks and short skirts.... the parade of the queens of the halls [Paris’ markets] is also one of the events.... Some are pretty but look awkward in their silk dresses and crowns, particularly as the broad sun displays their defects – perhaps a neck too thin or a painted face which shows ghastly white in the sunlight.”

Edward Hopper (1882–1967) prominent American realist painter and printmaker

In a letter to his mother, Paris, May 11, 1907; as quoted in Edward Hopper, Gail Levin, Bonfini Press, Switzerland 1984, p. 27
1905 - 1910

Girl, Sun, Parting, Painting

“Economists should study financial markets as they actually operate, not as they assume them to operate—observing the way in which information is actually processed, observing the serial correlations, bonanzas, and sudden stops, not assuming these away as noise around the edges of efficient and rational markets.”

Adair Turner, Baron Turner of Ecchinswell (1955) British businessman

Source: Economics after the crisis : objectives and means (2012), Ch. 2 : Financial Markets: Efficiency, Stability, and Income Distribution

Way, Study

“I think the SDP really is a very right-wing party. In a funny way it’s more right-wing than Mrs. Thatcher because Mrs. Thatcher is an old-fashioned liberal, if you know what I mean, she believes in market forces and small government. But my knowledge and experience of the SDP is that they believe in a centralised system, they believe in a federal Europe in which we would only be a province under Brussels, they believe in retaining the American bases, they want a statutory pay policy so they would govern the wages of everybody without proper negotiation. I think they're a very hard right party and I think the Labour Party which has now got a decent policy as a result of all the work we’ve done is going to pick up a lot of support this year.”

Tony Benn (1925–2014) British Labour Party politician

Afternoon Plus on ITN (29 January 1982)
1980s

Way, Fashion, Support, Knowledge

“There is great dignity in work – and in America, if you want to provide for your family, you should be able to find a full-time job that pays a fair wage. The federal jobs guarantee is an idea that demands to be taken seriously. Creating an employment guarantee would give all Americans a shot at a day’s work and, by introducing competition into the labor market, raise wages and improve benefits for all workers.”

Cory Booker (1969) 35th Class 2 senator for New Jersey in U.S. Congress

In [Salant, Jonathan D., 11 ways Cory Booker is wooing progressives as he eyes a run for president in 2020, https://www.nj.com/politics/index.ssf/2018/08/11_ways_booker_is_wooing_progressives_in_advance_of_1.html, nj.com, 21 August 2018, August 19, 2018]
2018

Family, Idea, Time

“Through all the years that I have been in business I have never yet found our business bad as a result of any outside force. It has always been due to some defect in our own company, and whenever we located and repaired that defect our business became good again - regardless of what anyone else might be doing. And it will always be found that this country has nationally bad business when business men are drifting, and that business is good when men take hold of their own affairs, put leadership into them, and push forward in spite of obstacles. Only disaster can result when the fundamental principles of business are disregarded and what looks like the easiest way is taken. These fundamentals, as I see them, are:
(1) To make an ever increasingly large quantity of goods of the best possible quality, to make them in the best and most economical fashion, and to force them out onto the market.
(2) To strive always for higher quality and lower prices as well as lower costs.
(3) To raise wages gradually but continuously B and never to cut them.
(4) To get the goods to the consumer in the most economical manner so that the benefits of low cost production may reach him.
These fundamentals are all summed up in the single word 'service'… The service starts with discovering what people need and then supplying that need according to the principles that have just been given.”

Henry Ford (1863–1947) American industrialist

Henry Ford in: Justus George Frederick (1930), A Philosophy of Production: A Symposium, p. 32; as cited in: Morgen Witzel (2003) Fifty Key Figures in Management. p. 196

Men, People, Way, Fashion

“When we examine this suggestion, we see that it is no more than a formal acknowledgement of a problem, the problem of how (by what institutional arrangement, by what organization of affairs) the equilibrium prices are to be discovered. Repeated trial and error, while the market stands in suspense awaiting the outcome, is not a practical resort. The number of distinct trials, even if confined to discrete steps of price and quantity, would be so immense that the necessary 'market day' would extend beyond human life-times… [The] theoretical ideal applies to mutually isolated days or moments, each to be treated as perfectly self-contained and looking to no yesterday and no tomorrow. But the real market is dealing with goods inherited from yesterday, and in means of production whose products will not be ready till tomorrow. Meanwhile the non-economic circumstances are changing and rendering each successive equilibrium obsolete.”

G. L. S. Shackle (1903–1992) British economist

Source: Epistemics and Economics. (1972), p. 150

Life, Error, Problem, Change

“Ralph Nader’s the guy. If Ralph Nader had become president, we would not have had the problems. Everything he says is correct. He said, “Don’t tax food. Tax the stock market. Every time somebody trades stock, put another tax on it…" Every time you trade, they take a service fee, five bucks or something. That’s bullshit. The government should get it and give it to me while I live in my refrigerator box. I don’t mean me, I mean us undergrounds. Nader was right on. Everything he said was right on and the media treated him like a clown. The media treated him worse than they treat Troma.”

Lloyd Kaufman (1945) American film director

CraveOnline http://www.craveonline.com/film/articles/507781-exclusive-cannes-interview-lloyd-kaufman-on-nuke-em-high May 28, 2013 2013

Food, Guy, Problem, Time

“Product and service quality can be defined as the total composite product and service characteristics of marketing, engineering, manufacturing, and maintenance through which the product and service in use will meet the expectations of the customer.”

Armand V. Feigenbaum (1922–2014) American businessman

Variant: Product quality can then be defined as: The composite product characteristics of engineering and manufacturing that determine the degree to which the product, in use, will meet the expectations of the customer.
Source: Total Quality Control, 1983, p. 7

“[Chapman] is a strong candidate for being the fool’s gold of the current free-agent market.”

Joe Kehoskie (1973) American baseball agent

On $30 million Cuban pitcher Aroldis Chapman's readiness for Major League Baseball, from the New York Times article "Risks Seen in Signing Cuban Defector" http://www.nytimes.com/2009/12/04/sports/baseball/04chapman.html by Jack Curry (3 December 2009)

Fools, Strong

“Standing in the market square, so alive but void of life, We work and we sweat and we struggle through each day. As our efforts scar our hands, this world stains us with demands. It’s hard to see life’s humour in the business games we play. As we gnaw our nails with stress, our fists and hearts pound so carelessly. With every effort forward, how much more can we digress?”

Dawud Wharnsby (1972) Canadian musician

"The Prophet's Hands"
The Prophet's Hands (2003)

Life, World, Game, Business

“The current publishing scene is extremely good for the big, popular books. They sell them brilliantly, market them and all that. It is not good for the little books. And really valuable books have been allowed to go out of print. In the old days, the publishers knew that these difficult books, the books that appeal only to a minority, were very productive in the long run. Because they're probably the books that will be read in the next generation. It's heart-breaking how often I have to say when I'm giving talks, "This book is out of print. This book is out of print."”

Doris Lessing (1919–2013) British novelist, poet, playwright, librettist, biographer and short story writer

It's a roll call of dead books.
Salon interview (1997)

Books, Reading, Heart, Dead

“I believe that if you go and ask a chief executive of a Goldman Sachs or a BP, and they answer you honestly…they want monopolies, they want government subsidies, they want preferences – they're not interested in free markets.”

Ian Bremmer (1969) American political scientist

"The West Should Fear the Growth of State Capitalism," http://www.telegraph.co.uk/finance/economics/7883061/The-West-should-fear-the-growth-of-state-capitalism-Ian-Bremmer.html The Daily Telegraph (July 10, 2010).

“The last 20 years have· seen an enormous growth of institutions devoted to anthropological enterprises, membership within the discipline, and students, text books, and paraphernalia. From a tiny scholarly group that could easily be fitted into a couple of buses, and most of whom knew each other, we have grown into a group of tremendous, anonymous milling crowds, meeting at large hotels where there are so many sessions that people do well to find those of their colleagues who are interested in the same specialty. Today we look something like the other social science disciplines, suffering some of the same malaise, and becoming cynical about slave markets and worried when grants and jobs seem to be declining.”

Margaret Mead (1901–1978) American anthropologist

Source: 1970s, Changing Styles of Anthropological Work, 1973, p. 1

People, Books, Suffering, Science

“Writing ought either to be the manufacture of stories for which there is a market demand — a business as safe and commendable as making soap or breakfast foods — or it should be an art, which is always a search for something for which there is no market demand, something new and untried, where the values are intrinsic and have nothing to do with standardized values.”

Willa Cather (1873–1947) American writer and novelist

"On the Art of Fiction" (1920)
Willa Cather on Writing (1949)

Food, Art, Search, Business

“In fact, using entirely reasonable assumptions, you can make the Dow's discounted market value almost anything you want it to be.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 2, Measuring The Beast, p. 53.

Olivier Blanchard (1948) French economist

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

People, Thinking, Reality, Time

“[T]he South looked like anything but a market society, and no matter that slavery was based on the absurd and irrational prejudice of race; slavery's greatest attractions were its cheapness, its capacity for violent exploitation, and its mobility.”

Allen C. Guelzo (1953) American historian

Source: 2010s, Fateful Lightning: A New History of the Civil War and Reconstruction (2012), Chapter One

“The environment that nutures creative programmers kills management and marketing types - and vice versa.”

Orson Scott Card (1951) American science fiction novelist

How Software Companies Die

“…there won’t be one, single global market. But there will be global investors.”

Kenneth Griffin (1968) American hedge fund manager

"The Age of Global Markets and the Global Investor," 25th International SFOA Bürgenstock Conference http://www.ioncorporation.com/presentation2.html From a presentation by Griffin.

“If you have money in the stock market, if you have… may I just recommend you have some cash handy, that you have your food and everything else ready. I hope to God that none of this stuff happens, but you have people who are anarchist revolutionaries who are intent on collapsing the system, they are trying to break the system.”

Glenn Beck (1964) U.S. talk radio and television host

2010s, 2011

Money, God, People, Food

“We should align government subsidies to private and public colleges with courses that meet the demands of the market. Like engineering and computer sciences.”

Francis Escudero (1969) Filipino politician

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

Science

“Forbede us thing, and that desiren we;
Preesse on us faste, and thanne wol we flee.
With daunger oute we al oure chaffare:
Greet prees at market maketh dere ware,
And too greet chepe is holden at litel pris.”

Geoffrey Chaucer book The Canterbury Tales

The Wife of Bath's Prologue, l. 525-529
The Canterbury Tales

“Corruption exists because there is too much, not too little, market.”

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

Prologue, p. 18
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Variant: Corruption often exists because there are too many market forces, not too few.

“Capital is defined as the sum total of nonhuman assets that can be owned and exchanged on some market.”

Thomas Piketty book Capital in the Twenty-First Century

Source: Capital in the Twenty-First Century (2013), p. 46.

“The pathology of Western intellectuals has committed them to an adversarial relationship with the culture - free markets and individual rights - that has produced the greatest alleviation of suffering; the greatest liberation from want, ignorance, and superstition; and the greatest increase of bounty and opportunity in the history of all human life. This pathology allows Western intellectuals to step around the Everest of bodies of the victims of Communism without a tear, a scruple, a regret, an act of contrition, or a reevaluation of self, soul, and mind.”

Alan Charles Kors (1943) American academic

As quoted in "Notable & Quotable: The Victims of Socialism" https://web.archive.org/web/20160217064704/http://www.wsj.com/articles/notable-quotable-the-victims-of-socialism-1455667462 (17 February 2016), The Wall Street Journal, A13 2000s, Can There Be an "After Socialism"? (2003)

Life, Soul, History, Communication

“In New Directions for Organization Theory, Jeffrey Pfeffer offers a comprehensive analysis and overview of the field of organization theory and its research literature. This work traces the evolution of organization studies, particularly its more recent history, and highlights the principle concepts and controversies characterizing the study of organizations. Pfeffer argues that the world of organizations has changed in several important ways, including the increasing externalization of employment and the growing use of contingent workers; the changing size distribution of organizations, with a larger proportion of smaller organizations; the increasing influence of external capital markets on organizational decision-making and a concomitant decrease in managerial autonomy; and increasing salary inequality within organizations in the US compared both to the past and to other industrialized nations. These changes and their public policy implications make it especially important to understand organizations as social entities. But Pfeffer questions whether the research literature of organization studies has either addressed these changes and their causes or made much of a contribution to the discussion of public policy…”

Jeffrey Pfeffer (1946) American academic

Book abstract.
New Directions for Organization Theory, 1997

World, Way, History, Literature

“In a tribal nation, he’s just one more partisan mobilizing his troops…. Mr. Shapiro has always been deeply conservative and does not pretend to be objective. But he says his market niche is giving cleareyed reads of current events, not purely partisan rants. He is often compared to his former colleague at, Milo Yiannopoulos. On the surface, they seem the same. Both speak on college campuses. Both draw protests. Both used to work for Mr. Bannon at Breitbart. Both are young. In fact, they are very different. Mr. Yiannopoulos, a protégé of Mr. Bannon, was good at shocking audiences, saying things like “feminism is cancer.” But critics say that he was empty of ideas, a kind of nihilistic rodeo clown who was not even conservative. Mr. Shapiro broke with Mr. Bannon last year, saying Breitbart had become a propaganda tool for Mr. Trump. Mr. Yiannopoulos’s act collapsed this year. But the fact that it lasted so long says a lot about the right’s fury against mainstream liberalism, Mr. Shapiro said…. But Mr. Shapiro does it too. He thinks it’s easy to provoke the left, which he says has become intellectually flabby after decades of cultural dominance. It’s not good at arguing and relies instead on taboos and punishing people who violate them. That is the essence of his stump speech…. Critics say that is great red meat for his audience, but it’s nonsense. Even if straight white males are low on the left’s pecking order, they have most of the power in Washington, in statehouses, in every corporate boardroom. They run America. Mr. Shapiro says he’s about more than tribal polemics.”

Sabrina Tavernise (1971) American journalist

Ben Shapiro, a Provocative ‘Gladiator,’ Battles to Win Young Conservatives https://www.nytimes.com/2017/11/23/us/ben-shapiro-conservative.html (November 23, 2017), '.

People, Idea, Thinking, Reading

“The audience is unpredictable, and the people who produce and distribute the artistic work have no real contact with it. They market the work in large quantities as with books and records, or through a mechanical system, as with radio and television, so that they could not, if they tried, know audience members personally.”

Howard S. Becker (1928) American sociologist

Source: Art Worlds (1982), p. 125.

People, Books, Personality

“Faith in natural order and market efficiency forecloses a full normative assessment of market outcomes. … It effectively depoliticizes the market itself and its outcomes. It is only when the illusion of natural order is lifted that a real problem arises: that of the justice of the organizational rules and their distributional consequences.”

Bernard Harcourt (1963) American academic

Source: The Illusion of Free Markets: Punishment and the Myth of Natural Order (2011), p. 32

Faith, Justice, Nature, Problem

“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”

Ed Seykota (1946) American commodities trader

Source: Schwager, Jack D. (Editor), Market Wizards, HarperCollins (1989), page 172, ISBN 0-88730-610-1, Read it here http://books.google.com/books?id=jNG7r-Ul7jwC&printsec=frontcover&dq=market+wizards&ei=stanR4q2LKTeiQGMxbFo&sig=8NhAQMHBUZCiBzaJjF4o2ZcOGMY#PPA172,M1

Money, People

“…it’s important to remember how fortunate we are as a country to have a currency and a bond market that is seen in every way as a source of strength and it’s a huge responsibility for us to keep it that way.”

Lawrence H. Summers (1954) Former US Secretary of the Treasury

Tom Braithwaite (April 9, 2009) "Summers sees end to ‘sense of free-fall’" http://www.ft.com/cms/s/0/f4f1ac1c-2537-11de-8a66-00144feabdc0.html?nclick_check=1, Financial Times 2000s

Way, Country

“If this government wants to be fair dinkum, then it must stop kowtowing to financial markets, international organisations, world bankers, investment companies and big business people. The Howard government must become visionary and be prepared to act, even at the risk of making mistakes.”

Pauline Hanson (1954) Australian politician

Maiden Speech (1996)

People, World, Business

“Britain's victories are barren; they leave her poor, and they leave her people hungry; they leave her bereft of the markets and the wealth that she possessed six years ago. But above all, they leave her with an immensely greater problem than she had then. We are nearing the end of one phase of Europe's history, but the next will be no happier. It will be grimmer, harder and perhaps bloodier. And now I ask you earnestly, can Britain survive? I am profoundly convinced that without German help she cannot.”

William Joyce (1906–1946) British fascist and propaganda broadcaster

J.W. Hall (ed.), "The Trial of William Joyce" (Notable British Trials series, William Hodge & Co, 1946), p. 302
Broadcast, 30 April 1945. This was Joyce's last broadcast of the war.

People, History, Problem, Victory

“I don't remember what I did after I left her. Maybe I went up to Benny Cohen's room over the Grand Central Market. He had a wooden leg with a little door in it. Inside the door were marijuana cigarets.”

John Fante book Ask the Dust

Source: Ask the Dust (1939), Chapter Four

Marijuana

“According to the academic world view that markets are efficient, only the revelation of a dramatic piece of information can cause a crash, yet in reality even the most thorough post-mortem analyses are typically inconclusive as to what this piece of information might have been. For traders and investors, the fear of a crash is a perpetual source of stress, and the onset of the event itself always ruins the lives of some of them.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 1, Financial Crashes: What, How, Why, And When?, p. 3.

World, Fear, Reality

“If it's a flash it's been an awfully long flash. I've been around for 20 years in one of the largest media and political markets in the country, so I'd call it more of a slow burn.”

Jack Layton (1950–2011) Leader of the New Democratic Party of Canada

On criticism that he is an unknown, Jan. 26, 2003.[citation needed]

Country

“The irony of the post-Cold War period is that the fall of communism was followed by the rise of another utopian ideology. In American and Britain, and to a lesser extent other Western countries, a type of market fundamentalism became the guiding philosophy. The collapse of American power that is underway is the predictable upshot.”

John Gray (1948) British philosopher

A shattering moment in America's fall from power (2008)

War, Communication, Country

“No one can buy his share of "clean air" in the market; one has to use communal mechanisms in order to deal with pollution.”

Daniel Bell book The Cultural Contradictions of Capitalism

Source: The Cultural Contradictions of Capitalism (1976), Chapter 5, Unstable America, p. 196

Communication

“If truth were left to a market philosophy, there would be no point in continuing to make an argument for which there are no takers, or to ask a question for which there are no answers. The minority community has other grounds to sustain a wholesome discomfort and thereby keeps the door open for solutions not yet found.”

John Howard Yoder (1927–1997) 20th century American Mennonite theologian

Source: The Priestly Kingdom (1984), p. 99

Truth, Communication, Question

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

Samuel Bowles (1939) American economist

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

Parting

“Someone was talking about the respect we owe the public. “Yes,” said M…., “It's a question of prudence. Nobody has a high opinion of fishwives but who would dare offend them while walking through the fish market.””

Nicolas Chamfort (1741–1794) French writer

Reflections

Question, Fish

“Too many crucial things about this country turn out to be highly recommended because they are 'invisible'. There is the 'hidden hand' of the free market, the 'unwritten' Constitution, the 'invisible earnings' of the financial service sector, the 'magic' of monarchy and the 'mystery' of the Church and its claim to the interpretation of revealed truth. When we do get as far as the visible or the palpable, too much of it is deemed secret. How right it is that senior ministers, having kissed hands with the monarch, are sworn to the cult of secrecy by 'The Privy Council Oath'. How right it is that our major foreign alliance - the 'special relationship' with the United States - is codified by no known treaty and regulated by no known Parliamentary instrument.”

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

1990s, The Monarchy: A Critique of Britain's Favourite Fetish

Truth, Secret, Kiss, Country

“Does the Minister accept that the attitude of the EEC and of North American countries towards commodity prices has been a major contributory factor in the debt crisis in much of the world? Does she agree that the latest round of Lomé convention prices on exports from ACP countries has resulted in virtually the lowest real terms prices ever achieved by those countries? They are worried about the way in which they have been treated by the EEC. Is the right hon. Lady aware that exports from ACP countries to the European Community are at their lowest level for 25 years? Those countries and many of us are worried about the growing crisis faced by the poorer countries because the richer industrial countries are closing their markets to them and forcing them into debt and low commodity prices.”

Jeremy Corbyn (1949) British Labour Party politician

Question http://hansard.millbanksystems.com/commons/1990/jan/08/commodity-prices in the House of Commons (8 January 1990). 1990s

World, Way, Communication, Country

“I knew that he prayed a great deal, of course for help in the examinations. But subsequent clinical experience has convinced me that God is not particularly interested in examinations, just as he won't be dragged into the Stock Market, or being a backer in show business.”

Robertson Davies book The Cunning Man

Part 1, section 13.
The Cunning Man (1994)

God, Business, Help

“[T]he free market may be a good, bad or insufficient idea, but, in any case, it is just a crude commercial code. Now it is regularly equated with or given credit for or even precedence over the freedom of man. But the freedom of man is a moral statement on the human condition, both in the practical and in the humanist sense. To equate it with a school of business is to betray a certain confusion. An unconscious unease.”

John Ralston Saul (1947) Canadian author and essayist

Voltaire's Bastards (1992)

School, Idea, Business, Sense

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

Paul A. Samuelson (1915–2009) American economist

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

Travel, Waiting, Dependency

“The true antidote to racism is liberty. Liberty means having a limited, constitutional government devoted to the protection of individual rights rather than group claims. Liberty means free-market capitalism, which rewards individual achievement and competence, not skin color, gender, or ethnicity.”

Ron Paul (1935) American politician and physician

As quoted in "Government and Racism" http://archive.lewrockwell.com/paul/paul381.html (18 April 2007). 2000s, 2006-2009

Color

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

Raymond Geuss book Philosophy and Real Politics

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

Health, Way, Falseness

“Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.”

John McCain (1936–2018) politician from the United States

In an article in Contingencies magazine, September/October, 2008 http://www.contingencies.org/septoct08/mccain.pdf 2000s, 2008

Health

“The history of the past fifty years, and longer, indicates that a diversified holding of representative common stocks will prove more profitable over a stretch of years than a bond portfolio, with one important provisio—that the shares must be purchased at reasonable market levels, that is, levels that are reasonable in the light of fairly well-defined standards derived from past experience.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter I, What the Intelligent Investor Can Accomplish, p. 7

History, Light, Past

“I am not willing that the vitality of our people be further sapped by the giving of cash, of market baskets, of a few hours of weekly work cutting grass, raking leaves or picking up papers in the public parks. We must preserve not only the bodies of the unemployed from destitution but also their self-respect, their self-reliance and courage and determination. This decision brings me to the problem of what the Government should do with approximately five million unemployed now on the relief rolls.”

Franklin D. Roosevelt (1882–1945) 32nd President of the United States

1930s, State of the Union address (1935)

People, Courage, Problem, Decision

“He was a stout partisan of Islãm and made great endeavours on this score. He got all temples of the infidels demolished, and did not allow even a trace of them to remain. In Mathurã, where the infidels used to get together for bathing, he got constructed caravanserais, markets, mosques and madrasas, and appointed there officers with instructions that they should allow no one to bathe; if any Hindû desired to get his beard or head shaved in the city of Mathurã, no barber was prepared to cut his hair.”

Nizamuddin Ahmad (1551–1594) historian

Sultãn Sikandar Lodî (AD 1489-1517) Mathura (Uttar Pradesh)
Tabqãt-i-Akharî

“Reclamation. Our country has a well defined policy of reclamation established under statutory authority. This policy should be continued and made a self-sustaining activity administered in a manner that will meet local requirements and bring our and lands into a profitable state of cultivation as fast as there is a market for their products. Legislation is pending based on the report of the Fact Finding Commission for the proper relief of those needing extension of time in which to meet their payments on irrigated land, and for additional amendments and reforms of our reclamation laws, which are all exceedingly important and should be enacted at once.”

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

1920s, Second State of the Union Address (1924)

Law, Time, Country

“In a world that had become a salvage operation, the general supply evolved into Union Grove's leading industry. When every last useful thing in town had been stripped from the Kmart and the United Auto, the CVS drugstore, and other trading establishments of the bygone national chain-store economy, daily life became a perpetual flea market centered on the old town dump.”

James Howard Kunstler book World Made By Hand

Source: World Made By Hand (2008), Chapter 5, p. 28

Life, World

“He also reported that the Messenger of Allah, may Allah bless him and grant him peace, said, "Anyone passing through any of our mosques or markets carrying arrows should hold or grasp them by their heads so that no Muslim will be injured by them."”

Muhammad (570–632) Arabian religious leader and the founder of Islam

Riyadh-as-Saliheen by Imam Al-Nawawi, volume 2, hadith number 223
Sunni Hadith

Peace

“E-Business will become the virtual market place in 20 years.”

Talal Abu-Ghazaleh (1938) Jordanian businesspeople

April 1, 2001, First Arab Conference on Arabizing the Internet, Amman, Jordan.

Business

““Sounds kind of long-term to me. Just how far ahead do you think?”
“Very long-term—at least twenty, thirty years. And you can forget governments for this market, Bob; if they can’t tax it, they won’t understand it.””

Charles Stross book Accelerando

Source: Accelerando (2005), Chapter 1 (“Lobsters”), pp. 14-15

Understanding, Thinking, Forgetting

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

John Harsanyi (1920–2000) hungarian economist

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

Behavior, Game, Understanding, Perfection

“The reality is that we do not know on what terms we would have access to the single market. We do know that in a negotiation we would need to make concessions in order to access it, and those concessions could well be about accepting EU regulations, over which we would have no say, making financial contributions, just as we do now, accepting free movement rules, just as we do now, or quite possibly all three combined.”

Theresa May (1956) Prime Minister of the United Kingdom

Speech as Home Secretary on the UK and European Union https://www.gov.uk/government/speeches/home-secretarys-speech-on-the-uk-eu-and-our-place-in-the-world (25 April 2016)

Reality

“The end of the Neolithic age betokens almost as universal a re-orientation of life, almost as profound a revolution of economy and society, as its beginning. Then the break was marked by the transition from mere consumption to production, from primitive individualism to co-operation, now it is marked by the beginning of independent trade and handicrafts, the rise of cities and markets, and the agglomeration and differentiation of the population.”

Arnold Hauser (1892–1978) Hungarian art historian

The Social History of Art, Volume I. From Prehistoric Times to the Middle Ages, 1999, Chapter II. Ancient Oriental Urban cultures

Life, Age, Universe

“If we are to ban CFC production completely, as I believe that we should, we must also accept that considerable support must be given to other countries which wish to continue to produce refrigerators and similar products. The technology to produce those goods without CFCs must be transferred to China, India and other countries which need it. If that does not happen, we cannot lecture those countries about producing CFCs while we hold that technology to ourselves and use it as an economic lever against poorer countries and poorer people throughout the world. The economic imbalance between countries is at the root of the world's problems…If we are to sort out the problems of poverty and of the environment, we require a real restructuring of the world's economy. That will not be achieved by imposing a model of market forces on the poorest people in the poorest countries but by paying those people for the products that they produce, not hoarding technological advances for ourselves but sharing and spreading them around the world, and not persuading and pushing countries to revert to monoculture production, which is dangerous and damaging to the environment.”

Jeremy Corbyn (1949) British Labour Party politician

Speech http://hansard.millbanksystems.com/commons/1990/jun/26/aid-and-the-environment in the House of Commons (26 June 1990). 1990s

People, World, Support, Problem

“Do we have a free press today? Sure we do. It’s free to report all the sex scandals it wants, all the stock market news we can handle, every new health fad that comes down the pike, and every celebrity marriage or divorce that happens. But when it comes to the real down and dirty stuff—stories like Tailwind, the October Surprise, the El Mozote massacre, corporate corruption, or CIA involvement in drug trafficking—that’s where we begin to see the limits of our freedoms. In today’s media environment, sadly, such stories are not even open for discussion. Back in 1938, when fascism was sweeping Europe, legendary investigative reporter George Seldes observed that “it is possible to fool all the people all the time—when government and press cooperate.””

Gary Webb (1955–2004) American investigative journalist

Unfortunately, we have reached that point.
Source: Into the Buzzsaw: Leading Journalists Expose the Myth of a Free Press., p. 156

Marriage, People, Health, Fools

“These two opposed forms of social organization, the modern state and the market, have evolved together through recent centuries, and their mutual interactions have become increasingly crucial to the character and dynamics of international relations in our world.”

Robert Gilpin (1930–2018) Political scientist

Introduction, p. 4
The Political Economy of International Relations (1987)

World

“Apple is balancing on a knife edge. I think we're looking at the end stage of a successful technology disruption on the classic pattern. The question is no longer whether Android can be stopped, but when Apple's market share will fall off a cliff. I think that could easily happen as soon as the next 90 days.”

Eric S. Raymond (1957) American computer programmer, author, and advocate for the open source movement

The Smartphone Wars: multicarrier breakout fail http://esr.ibiblio.org/?p=3152 in Armed and Dangerous (21 April 2011)

Question, Thinking, Success

“The scholar and the world! The endless strife,
The discord in the harmonies of life!
The love of learning, the sequestered nooks,
And all the sweet serenity of books;
The market-place, the eager love of gain,
Whose aim is vanity, and whose end is pain!”

Henry Wadsworth Longfellow (1807–1882) American poet

St. 23. Morituri Salutamus http://www.americanpoems.com/poets/longfellow/19229 (1875)

Love, Life, Pain, Books

“The entrepreneur is the person who seeks to identify what consumers, at home or abroad or both, want and would be willing to buy at a profitable price. These entrepreneurs are the job-creators because it is they who gather the men and women, the material, the machinery, and the money to turn the vision of a market into a reality.”

Keith Joseph (1918–1994) British barrister and politician

in 1986 introduction to Self-Help, Samuel Smiles originally published in 1859.
1980s

Women, Men, Money, Home

“Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice. After all, what witch doctor has ever achieved fame and fortune by simply advising "Take two aspirins?"”

Warren Buffett (1930) American business magnate, investor, and philanthropist

1987 Chairman's Letter http://www.berkshirehathaway.com/letters/1987.html Letters to Shareholders (1957 - 2012)

World, Understanding

“Every major industry was once a growth industry. But some that are now riding a wave of growth enthusiasm are very much in the shadow of decline. Others, which are thought of as seasoned growth industries, have actually stopped growing. In every case the reason growth is threatened, slowed, or stopped is not because the market is saturated. It is because there has been a failure of management.”

Theodore Levitt (1925–2006) American economist and professor at Harvard Business School

Source: Marketing Myopia, 1960, p. 1; Lead paragraph

Failure, Season

“Free-market fundamentalism trivializes the concern for public interest. It puts fear and insecurity in the hearts of anxiety-ridden workers. It also makes money-driven, poll-obsessed elected officials deferential to corporate goals of profit – often at the cost of the common good. … The free-market fundamentalism that prevails in the United States today promotes the pervasive sleepwalking of the populace. People see that the false prophets are handsomely rewarded — with money, status and access to more power. … We are experiencing the sad gangsterization of America — an unbridled grasp at power, wealth and status.”

Cornel West (1953) African-American philosopher and political/civil rights activist

"Cornel West: Democracy Matters" in The Globalist (24 January 2005) https://web.archive.org/web/20101203073821/http://www.theglobalist.com/StoryId.aspx?StoryId=4262

Money, People, Sadness, Fear

“There are three basic theories about this coming Final Empire, or The New World Order.
1. It will be a revival of the Roman Empire, where ten European countries try to band together, maybe like the European Common Market.
2. It will be an attempted union of ten world regions, like a North American Region, Asia-Pacific Region, etc.
3. It will be an alliance of 10 Muslim countries that surround (and hate) Israel and have for 4,000-years!
My study has led me to believe this final 10 nation empire will be 10 Muslim nations since they all hate each other and fight all the time just as God said they would in Genesis 16:12. They will never really “bond,” just as iron and clay will not bond with each other. Since this kingdom will have areas where enforcement of their rules and policies (like maybe taking a mark to buy and sell (Revelation 13-14)?) will be “weak” or “broken,” I have long prayed for God to put me some place where it is broken!”

Kent Hovind (1953) American young Earth creationist

Source: What On Earth Is About To Happen… For Heaven’s Sake? (2013), p. 92-93

God, Hate, World, Study

“When the stock market crashed, Franklin D. Roosevelt got on the television and didn't just talk about the, you know, the princes of greed. He said, 'Look, here's what happened.”

Joe Biden (1942) 47th Vice President of the United States (in office from 2009 to 2017)

Interview with CBS Evening News. CBS Evening News http://cbs2.com/politics/joe.biden.interview.2.823202.html, September 22, 2008 2000s

“A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

July 2005 http://www.startribune.com/nation/12598281.html, in testimony to the House Financial Services Committee. 2000s

Home, Housing

“Alongside their work on pure economic theory, the classical political economists engaged in a parallel project: to promote the forcible reconstruction of society into a purely market-oriented system.”

Michael Perelman (1939) American economist

Source: The Invention of Capitalism: Classical Political Economy and the Secret History of Primitive Accumulation (2000), p. 2

“It can be argued that the U. S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.”

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

Quotes from Crash Proof (2006)

Wealth

“[Central banks might have to intervene to counter "perverse" or "grossly excessive" speculation. ] By such means, the monetary authorities can attempt to make the market for foreign exchange approximate toward what it would have been if there had been free competitive speculation with correct foresight of future movements. In this case all that the authorities have to do is to anticipate more correctly than private speculators the future course of exchange rates. And in so far as they do so they will make a profit at the expense of the private speculator.”

James Meade (1907–1995) British economist

James Meade (1951), The theory of international economic policy, Vol. 1, p. 224; as cited in: Peter B. Kenen (1994), Exchange Rates and the Monetary System, p. 74

Future

“Unlawful revenue which, after being conveniently cleaned, is then reinvested within the legal economy: polluting it, corrupting it, forging it, killing it. Whether it’s reinvested in the London property market, in Parisian restaurants, or in hostels on the; to have profited from the crisis, to have fed on the crisis, to have contributed to the crisis. And it’s in the crisis that it finds its satellite activities, such as usury, gambling, counterfeiting. But the most important – and most alarming – aspect of this issue is that it’s exactly in times of crisis that criminal organisations find their safe haven in banks.”

Roberto Saviano (1979) Italian journalist, writer and essayist

Dirty Money in London event (2016)

Time

“There was an incongruity between many of the models that we were taught and the policy positions that our teachers (and we) believed in. The models seemed more consonant with free market prescriptions, though they were presented more as benchmarks rather than full characterizations.”

Joseph E. Stiglitz (1943) American economist and professor, born 1943.

Autobiographical Essay (2001)

Teachers

“The price of labor in the high-tech labor market is a function of a political, artificially created, ceaseless supply of immigrants. Prattle about the price at which American workers will do certain work is meaningless without a reference to borders and to the thing they bound—communities. Render asunder the quaint idea of borders—and the world is your labor market; communities be damned. Realize that this ceaseless supply of labor is maintained not through peaceful market forces, but through the use of political power, wielded by wealthy men and women with access. At work here is their Brave New Borderless World, not the invisible hand we love.”

Ilana Mercer South African writer

“ Why Tax Breaks Won’t Stop High-Tech, H-1B Human Trafficking https://constitution.com/tax-breaks-wont-stop-high-tech-h-1b-human-trafficking/,” Constitution.com, November 16, 2017.” 2010s, 2017

Love, Women, Men, World

“We are turning from a mass market back into a niche nation, defined now not by our geography but by our interests.”

Chris Anderson book The Long Tail

Source: The Long Tail: Why the Future of Business Is Selling Less of More (2006), Ch. 2, p. 40

“Until I came to IBM, I probably would have told you that culture was just one among several important elements in any organization's makeup and success — along with vision, strategy, marketing, financials, and the like… I came to see, in my time at IBM, that culture isn't just one aspect of the game, it is the game. In the end, an organization is nothing more than the collective capacity of its people to create value.”

Louis Gerstner (1942) American businessman

Who Says Elephants Can’t Dance? (2002)

People, Game, Time, Success

“In a very real sense, every subsidy and privilege … is a form of slavery. Slavery, simply put, is the use of coercion to live off of someone else's labor. For example, consider the worker who pays $300 a month for a drug under patent, that would cost $30 in a free market. If he is paid $15 an hour, the eighteen hours he works every month to pay the difference are slavery. Every hour worked to pay usury on a credit card or mortgage is slavery. The hours worked to pay unnecessary distribution and marketing costs (comprising half of retail prices), because of subsidies to economic centralization, is slavery. Every additional hour someone works to meet his basic needs, because the state tilts the field in favor of the bosses and forces him to sell his labor for less than it is worth, is slavery. All these forms of slavery together probably amount to half our working hours. If we kept the full value of our labor, we could probably maintain current levels of consumption with a work week of twenty hours. As Bill Haywood said, for every man who gets a dollar he didn't sweat for, someone else sweated to produce a dollar he never received.”

Kevin Carson (1963) American academic

The Iron Fist Behind the Invisible Hand (2002)

Sense

“Almost all of today's rich countries used tariff protection and subsidies to develop their industries. Interestingly, Britain and the USA, the two countries that are supposed to have reached the summit of the world economy through their free-market, free-trade policy, are actually the ones that had most aggressively used protection and subsidies.”

Ha-Joon Chang (1963) Economist

"Kicking Away the Ladder" http://www.paecon.net/PAEReview/issue15/Chang15.htm, post-autistic economics review, issue no. 15, 1 September 2002, article 3

World, Country

“We have strong economic relationships with the rest of the UK. With our EU partners. And with large and small nations across the world. And I would contend that the basis of that framework is not Scotland's relationship with the other nations of the UK - strong and enduring though that will be. Rather, the reality is that our fundamental economic role is as a member of the world's largest single market - the European Union. And it is this relationship which does most to shape the rules and the terms of our global commercial ties. Nonetheless it remains for many an article of faith that a positive future for Scotland's economy depends squarely on our continuing membership of the United Kingdom. … I for one was not convinced!”

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

Scotland in the World Forum (February 4, 2008)

World, Faith, Reality, Strong

“[…]financial intelligence is a synergy of accounting, investing, marketing and law.”

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!

Law, Intelligence

“When the Shah departed towards the close of the day, a false rumour was spread through the town that he had been severely wounded by a shot from a matchlock, and thus were sown the seeds from which murder and rapine were to spring. The bad characters within the town collected in great bodies, and, without distinction, commenced the work of plunder and destruction…. On the morning of the 11th an order went forth from the Persian Emperor for the slaughter of the inhabitants. The result may be imagined; one moment seemed to have sufficed for universal destruction. The Chandni chauk, the fruit market, the Daribah bazaar, and the buildings around the Masjid-i Jama’ were set fire to and reduced to ashes. The inhabitants, one and all, were slaughtered. Here and there some opposition was offered, but in most places people were butchered unresistingly. The Persians laid violent hands on everything and everybody; cloth, jewels, dishes of gold and silver, were acceptable spoil…. But to return to the miserable inhabitants. The massacre lasted half the day, when the Persian Emperor ordered Haji Fulad Khan, the kotwal, to proceed through the streets accompanied by a body of Persian nasakchis, and proclaim an order for the soldiers to resist from carnage. By degrees the violence of the flames subsided, but the bloodshed, the devastation, and the ruin of families were irreparable. For a long time the streets remained strewn with corpses, as the walks of a garden with dead flowers and leaves. The town was reduced to ashes, and had the appearance of a plain consumed with fire. All the regal jewels and property and the contents of the treasury were seized by the Persian conqueror in the citadel. He thus became possessed of treasure to the amount of sixty lacs of rupees and several thousand ashrafis… plate of gold to the value of one kror of rupees, and the jewels, many of which were unrivalled in beauty by any in the world, were valued at about fifty krors. The peacock throne alone, constructed at great pains in the reign of Shah Jahan, had cost one kror of rupees. Elephants, horses, and precious stuffs, whatever pleased. the conqueror’s eye, more indeed than can be enumerated, became his spoil. In short, the accumulated wealth of 348 years changed masters in a moment.”

Nader Shah (1688–1747) ruled as Shah of Iran

About Shah’s sack of Delhi, Tazrikha by Anand Ram Mukhlis. A history of Nâdir Shah’s invasion of India. In The History of India as Told by its own Historians. The Posthumous Papers of the Late Sir H. M. Elliot. John Dowson, ed. 1st ed. 1867. 2nd ed., Calcutta: Susil Gupta, 1956, vol. 22, pp. 74-98. https://www.infinityfoundation.com/mandala/h_es/h_es_tazrikha_frameset.htm

Pain, People, World, Family

“A man discovers what he is actually worth in this world when he faces society as a man, without money, name, or powerful connections, stripped of all but his native potentialities. He soon finds that nothing has less weight than his human qualities. They are prized so low that the market does not even list them. Strict science, which acknowledges man only as a biological concept, reflects man’s lot in the actual world; in himself, man is nothing more than a member of a species. In the eyes of the world, the quality of humanity confers no title to existence, nay, not even a right of sojourn. Such title must be certified by special social circumstances stipulated in documents to be presented on demand.”

Max Horkheimer (1895–1973) German philosopher and sociologist

Source: "The Latest Attack on Metaphysics" (1937), p. 137.

Money, World, Science

“Grace is given of God, but knowledge is bought in the market;
Knowledge needful for all, yet cannot be had for the asking.”

Arthur Hugh Clough (1819–1861) English poet

The Bothie of Tober-na-vuolich http://whitewolf.newcastle.edu.au/words/authors/C/CloughArthurHugh/verse/poemsproseremains/bothie_01.html, Pt. IV (1848).

God, Knowledge

“In my constituency there were a large number of privately rented flats and rooms occupied mostly by low-paid single people or by low-paid or unemployed families. Now those people are being persuaded—I use the word advisedly—to leave those places so that they can be converted into up-market flats or second or city homes for the wealthy. Those tenants are literally forced on to the street and come under the care of the local authority, if the local authority can provide anything. There is a great increase in homelessness, but there is no increase in the number of homes available at cheap rents. Decontrol has forced those people on to the streets and caused homelessness. It is the enemy of good housing and working-class people. We need much more money spent on local authority and social ownership schemes to provide cheap rented houses for the people who need them, not for the yuppies that the Conservative party wants to bring into central London.”

Jeremy Corbyn (1949) British Labour Party politician

Speech http://hansard.millbanksystems.com/commons/1987/mar/03/local-government-bill in the House of Commons (3 March 1987). 1980s

Money, People, Family, Home

“Here we have the heart of the difference between Hayek and Keynes: one knew that markets work to give us the best of all possible worlds, while governments create and exacerbate malfunctions; the other imagined that governments were somehow capable of both perceiving and correcting malfunctions by means of the printing press, provided the right technocrats are in charge.”

Jeffrey Tucker (1963) American writer

World, Imagination, Heart

“Ricardo's "science" was founded on the principle that capital is more or less immobile and labor highly mobile. We are enjoined today to worship the consequences of Ricardo's science, despite the fact that the assumptions on which they are based have been reversed: capital is highly mobile, and labor virtually immobile -- libertarian conservatives lead the way in rejecting Adam Smith's principle that "free circulation of labor" is a cornerstone of free trade, in keeping with their contempt for markets”

Noam Chomsky (1928) american linguist, philosopher and activist

except for the weak Z Magazine, February 1995 http://www.chomsky.info/articles/199505--.htm. Quotes 1990s, 1995-1999

Way, Science

“Industrial age companies created sharp distinctions between two groups of employees. The intellectual elite—managers and engineers—used their analytical skills to design products and processes, select and manage customers, and supervise day-to-day operations. The second group was composed of the people who actually produced the products and delivered the services. This direct labor work force was a principal factor of production for industrial age companies, but used only their physical capabilities, not their minds. They performed tasks and processes under direct supervision of white-collar engineers and managers. At the end of the twentieth century, automation and productivity have reduced the percentage of people in the organization who perform traditional work functions, while competitive demands have increased the number of people performing analytic functions: engineering, marketing, management, and administration. Even individuals still involved in direct production and service delivery are valued for their suggestions on how to improve quality, reduce costs, and decrease cycle times…
Now all employees must contribute value by what they know and by the information they can provide. Investing in, managing, and exploiting the knowledge of every employee have become critical to the success of information age companies”

David P. Norton (1941) American business theorist, business executive and management consultant

Source: The Balanced Scorecard, 1996, p. 5-6

People, Age, Knowledge, Time

“Early critics pointed out REH’s fundamental epistemological flaws. … They argued that REH, even if viewed as a bold abstraction or approximation, is grossly inadequate for representing how even minimally reasonable profit seeking participants forecast the future in real-world markets. Nevertheless, … an overwhelming majority of economists has embraced REH as the way to represent how rational individuals think about the future.”

Roman Frydman (1948) American economist

"Which Way Forward for Macroeconomics and Policy Analysis?" 2013

World, Way, Thinking, Future

“Over the years and against conventional wisdom, utopians sustained a vision of life beyond the market. … Georg Lukács set forth a theory of the “old and new culture” in which he argued that the socialist economy was not the goal; it was simply a precondition for humanity to advance to a new and humane culture. Most radicals do not understand that political power and economic reorganization is not the end-all, stated Lukács. The goal is not a new economic order, but freedom from an obsession with economics.”

Russell Jacoby (1945) American historian

Source: The End of Utopia (1999), p. 27

Life, Wisdom, Understanding, Freedom

“We are forced, in equity, to share the government with the working class…If there is a free contract, in open market, between capital and labour, it cannot be right that one of the two contracting parties should have the making of the laws, the management of the conditions, the keeping of the peace, the administration of justice, the distribution of taxes, the control of expenditure, in its own hands exclusively. It is unjust that all these securities, all these advantages, should be on the same side…Before this argument the ancient dogma, that power attends on property, broke down. Justice required that property should-not abdicate, but-share its political supremacy.”

John Dalberg-Acton, 1st Baron Acton (1834–1902) British politician and historian

Letter to Mary Gladstone (1881)

Peace, Justice, Law

“In industrial marketing settings, the relationship between buyer and seller is frequently long term, close and involving a complex pattern of interaction between and within each company. The marketers' and buyers' task in this case may have more to do with maintaining these relationships than with making a straightforward sale or purchase.”

Håkan Håkansson

H. Hakansson (1982), International Marketing and Purchasing of Industrial Goods: An Interaction Approach. London: John Wiley and Sons, p. 14; as cited in : Christian Homburg (2001, 16)

“As you may have heard in my last campaign, I am called by many names. “Protectionist” is one of the nicer ones; but it is inexact. I am an economic nationalist. To me, the country comes before the economy; and the economy exists for the people. I believe in free markets, but I do not worship them. In the proper hierarchy of things, it is the market that must be harnessed to work for man – and not the other way around.”

Patrick Buchanan (1938) American politician and commentator

Speech: Chicago Council on Foreign Relations (November 1998)
1990s

People, Way, Country

“Treatment of the apparently whimsical fluctuations of the stock quotations as truly non stationary processes requires a model of such complexity that its practical value is likely to be limited. An additional complication, not encompassed by most stock market models, arises from the manifestation of the market as a nonzero sum game.”

Richard Arnold Epstein (1927) American physicist

Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Nine, Weighted Statistical Logic And Statistical Games, p. 295

Game

“No masterpieces in huge frames to worship,
… and yet there are the days
when every street corner rounds itself into
a sunlit surprise, a painting or a phrase,
canoes drawn up by the market, the harbour’s blue,
the barracks. So much to do still, all of it praise.”

Derek Walcott (1930–2017) Saint Lucian–Trinidadian poet and playwright

"A Far Cry from Africa" (1962), White Egrets

Painting

“If [Apple] is smart it will call the iPhone a "reference design" and pass it to some suckers to build with someone else's marketing budget. Then it can wash its hands of any marketplace failures. It should do that immediately before it's too late.”

John C. Dvorak (1952) US journalist and radio broadcaster

"Apple should pull the plug on the iPhone" in MarketWatch (28 March 2007) http://www.marketwatch.com/story/apple-should-pull-the-plug-on-the-iphone 2000s

Failure

“Vulgar libertarian apologists for capitalism use the term "free market" in an equivocal sense: they seem to have trouble remembering, from one moment to the next, whether they’re defending actually existing capitalism or free market principles. … When prodded, they’ll grudgingly admit that the present system is not a free market, and that it includes a lot of state intervention on behalf of the rich. But as soon as they think they can get away with it, they go right back to defending the wealth of existing corporations.”

Kevin Carson (1963) American academic

Studies in Mutualist Political Economy (2007), Chapter 4.
Studies in Mutualist Political Economy (2007)

Thinking, Sense, Wealth

Quotes about market page 4

Quotes about market
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