Quotes about marketer
page 9

“Without civil intervention the free market tends to monopoly. What we should do is try to restore a truly free market, try to restore a market where there are no barriers to access and people have something other than their labour which they can trade or exchange..”

Phillip Blond (1966) British philosopher

People

“The object of this paper is fivefold. The first objective is to derive a practical system of demand equations which possess properties usually considered desirable from the standpoint of elementary economic theory. The second is to consider the statistical problems involved in applying the system of equations. The third is to analyse the pattern of demand for consumers' goods in terms of this system on the basis of annual data relating to the United Kingdom over the years 1920-38. The fourth is to compare the results of this system, and systems like it, with the actual state of demand in 1900. Finally, the fifth is to compare the post-war structure of demand with what might be expected from the inter-war relationshipp under free-market condition.”

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

Stone, Richard. " Linear expenditure systems and demand analysis: an application to the pattern of British demand http://www.jstor.org/discover/10.2307/2227743?uid=3738736&uid=2&uid=4&sid=21104302232953." The Economic Journal (1954): 511-527.

War, Problem

“I know what Claire is. You know I know it. I told you the first minute I met you. But did you ever stop to think it’s all worth it to me? Every time she makes a pass at another man, I know she’s comparing. She’s out on the open market, shopping. And being shopped for. I don’t have any collar around her neck She’s not tame. I’m not a habit to her. I’m not something she’s tied to by any law. And every time she winds up coming back to me, you know what that proves. It proves I’m still the toughest man in the pack. Because she wouldn’t stay if I wasn’t.”

Algis Budrys book Rogue Moon

Source: Rogue Moon (1960), Chapter 5, Section 6 (p. 113)

Law, Thinking, Time

“The equilibrium price level is determined at the point where the money market is in equilibrium. The temporary suspension of Walras' Law, far from making economic nonsense, thus appears as the crucial "trick" by which the tatonnement process is decomposed in two parts.
This analysis confirms that for a neoclassical general equilibrium system with neutral money there is indeed a consistent decomposition procedure, based on appropriate compensation principles, permitting the determination of real variables in the real sector while the price level is determined in the monetary sector. However, the amount of intellectual effort which, in the wake of Lange and Patinkin, was devoted to this issue, is entirely out of proportion to its economic significance. The real economic question is not whether a system can be dichotomized, but whether money is neutral.”

Jürg Niehans (1919–2007) Swiss economist

Source: The theory of money, 1978, p. 12

Money, Law, Question, Effort

“We generally did not talk about the stock market very much at the Fed.”

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

Source: 2000s, The Age of Turbulence (2008), Chapter Eight, "Irrational Exuberance", p. 165.

“Marriage, a market which has nothing free but the entrance.”

Michel De Montaigne (1533–1592) (1533-1592) French-Occitan author, humanistic philosopher, statesman

Attributed

Marriage

“Some People are not to be persuaded to taste of any Creatures they have daily seen and been acquainted with, while they were alive; others extend their Scruple no further than to their own Poultry, and refuse to eat what they fed and took care of themselves; yet all of them will feed heartily and without Remorse on Beef, Mutton and Fowls when they are bought in the Market. In this Behaviour, methinks, there appears something like a Consciousness of Guilt, it looks as if they endeavor'd to save themselves from the Imputation of a Crime (which they know sticks somewhere) by removing the cause of it as far as they can from themselves; and I can discover in it some strong remains of Primitive Pity and Innocence, which all the arbitrary Power of Custom, and the violence of Luxury, have not yet been able to conquer.”

Bernard Mandeville book The Fable of the Bees

Remark P, pp. 188-9
The Fable of the Bees (1714)

People, Strong, Appearance

“The European Union is not, in fact, a union at all, but a continent-wide political coup. What began as a common market has now metamorphosed by stealth into a supranational political dictatorship, a parasitical organism living on the backs of the European nation states, sucking their lifeblood and slowly killing them off; a bureaucratic tyranny that wants to "harmonize" out of existence the national identities that have made Europe a continent of genuine diversity and a cultural crucible whose values have shaped the entire western world. But they want to put a stop to all that in the European Union of Soviet Socialist Republics, and this is why European laws are never enacted in response to any kind of organic need in society, but as top-down directives intended to impose indiscriminate uniformity for its own sake.”

Pat Condell (1949) Stand-up comedian, writer, and Internet personality

"Europe needs a revolution" (25 August 2011) http://youtube.com/watch?v=s3u9LB32YYM 2011

World, Law

“We should try to make seamless the transport of agricultural products from Mindanao to the Visayas and NCR; from the Cordilleras and the Cagayan Valley to Manila. From farms to bagsakans or markets or seaports.”

Francis Escudero (1969) Filipino politician

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

“Is there not something even more sinister in people talking in abstract terms about Britain becoming part of this political union? People may have the impression that we, the 12 countries and perhaps more, are all pals together. The truth is that the real powerhouse of the Common Market lies in Germany. It has just annexed East Germany. It is central to the activities of all the nation states that are falling apart in eastern Europe. Political union spells something much more sinister, and that is German domination. We fought for six years against it in the second world war. If hon. Members allow this political union, they will allow the Germans to win now when they lost in 1945.”

Dennis Skinner (1932) British politician

Speech https://publications.parliament.uk/pa/cm199192/cmhansrd/1992-02-21/Debate-1.html in the House of Commons (21 February 1992) against the Maastricht Treaty 1990s

War, People, Truth, World

“Annette’s communiqué is anodyne; a giggling confession off camera (shower-curtain rain in the background) that the famous Manfred Macx is in Paris for a weekend of clubbing, drugging, and general hell-raising. Oh, and he’s promised to invent three new paradigm shifts before breakfast every day, starting with a way to bring about the creation of Really Existing Communism by building a state central planning apparatus that interfaces perfectly with external market systems and somehow manages to algorithmically outperform the Monte Carlo free-for-all of market economics, solving the calculation problem. Just because he can, because hacking economics is fun, and he wants to hear the screams from the Chicago School.”

Charles Stross book Accelerando

Source: Accelerando (2005), Chapter 2 (“Troubadour”), pp. 57-58

School, Way, Communication, Hell

“We must completely support the civil resistance throughout the Arab world. Corrupt secular nationalist rulers are as bad as corrupt undemocratic religious rulers. We must support the people all over the Muslim world with friendship and solidarity in support of democracy. We should be their partner in building mass popular trade unions to prevent them from exploitation in the market storm they are moving towards in their modernisation plans. Who on the left in Italy is working with the resistance to Gaddafi? I don’t know the answer to that but my suspicion is that there are not many. Again, you are on the wrong side of history on that. Support for democracy, for a democratic organised society, for resistance to capitalist domination and state despotism. That is the Blue Labour position. It goes without saying that China is the worst of all worlds, it combines market exploitation with state dictatorship. Blue Labour places unreserved solidity and support to the free democratic trade unions in China, and that is an important struggle for the Labour Movement all over the world.”

Maurice Glasman, Baron Glasman (1961) British philosopher

A Conversation with Maurice Glasman, Europa Quotidiano, 3 June 2011 http://europa.118.aws.dol.it/gw/producer/dettaglio.aspx?id_doc=127105

Friendship, People, World, Democracy

“Part of the downfall came early and on theoretical grounds, with the realization that real-world information lags for aggregate variables like the price level and money supply were much too short to rationalize the persistent multiyear deviations from equilibrium that seemed to characterize business cycles in most industrialized countries. The second dubious assumption, continuous market clearing, was viewed more critically once it was recognized that it was not an inextricable concomitant of rational expectations, especially when Stanley Fischer (1977) and Edmund Phelps and John Taylor (1977) showed that rational expectations could be embedded in a model containing real-world institutional features like multiperiod wage and price contracts to generate nonmarket-clearing behavior. Once Fischer and Phelps-Taylor had shown that rational expectations by itself was a necessary but not a sufficient condition to validate new-classical policy conclusions, the race was on to develop the new-Keynesian theory based on rational expectations and one or another institutional impediment to continuous market clearing.”

Robert J. Gordon (1940) American economist

"Fresh Water, Salt Water, and other Macroeconomic Elixirs", 1989

Money, World, Behavior, Business

“Like so much of cool hunting, Hilfiger's marketing journey feeds off the alienation at the heart of America's race relations: selling white youth on their fetishization of black style, and black youth on their fetishization of white wealth.”

Naomi Klein (1970) Canadian author and activist

Source: No Logo: Taking Aim at the Brand Bullies 1999, Chapter Five: "The Patriarchy Gets Funky"

Youth, Heart, Wealth

“Unfortunately, in this country the propaganda for entering the Common Market has been largely based on defeatism. We are told that unless we do it we are going to have a terrible time. That is no way to go into a negotiation. You ought to go into a negotiation on the basis that they have need of you, not just you of them.”

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

Speech http://hansard.millbanksystems.com/lords/1962/nov/08/britain-and-the-common-market in the House of Lords on the British application to join the Common Market (8 November 1962). 1960s

Way, Time, Country

“It seems that we are revisiting the whole argument about a European central bank. Many of us have the deepest misgivings about the establishment of such a bank, with no accountability to member states and an office life of eight years, in which it can do what it likes, provided that it supports the market economy throughout Europe, despite the social consequences. There is no time limit on the period of office of the political directors, and there is nothing about who they would be or where they would come from. But I ask the quite serious question: what on earth are these political directors to do, where do they come from, to whom are they answerable and how do we get rid of them if we do not like what they do?”

Jeremy Corbyn (1949) British Labour Party politician

Speech http://hansard.millbanksystems.com/commons/1993/mar/30/treaty-on-european-union in the House of Commons (30 March 1993). 1990s

Life, Question, Support, Time

“Another forerunner of modern organization theorists was Andrew Ure, a professor of chemistry. An enthusiastic proponent of “the factory system,” Ure (1835) took a step beyond Adam Smith. Whereas Smith’s pin factory was solely an example of division of labor, Ure pointed out that a factory poses organizational challenges. He asserted that every factory incorporates “three principles of action, or three organic systems”: (a) a “mechanical” system that integrates production processes, (b) a “moral” system that motivates and satisfies the needs of workers, and (c) a “commercial” system that seeks to sustain the firm through financial management and marketing. Harmonizing these three systems, said Ure, was the responsibility of managers.”

William H. Starbuck (1934) American academic

Source: "The Origins of Organizational Theory," 2005, p. 149-150

Motivation

“It must be remembered that our State is but in its infancy. That its population is small, and its material wealth is very limited. That notwithstanding it embraces within its boundaries a large area of territory, which includes extensive districts of productive lands, valuable mines of coal, iron, and precious metals, vast quantities of timber, broad rivers, innumerable bays, harbors, and inlets, abounding in fish of the choicest kind sufficient to supply the markets of the world, yet its resources are comparatively undeveloped. And that while it possesses all the elements of grandeur and magnificence, its greatness can not be successfully achieved without the benefit of a well regulated government, whose foundation is laid upon the broad principles of honesty, economy, and justice.”

W. W. Thayer (1827–1899) American judge

W. W. Thayer (1880). Governor William W. Thayer - Biennial Message, 1880 http://records.sos.state.or.us/ORSOSWebDrawer/Recordpdf/6777837. Oregon State Archives, Oregon Secretary of State. Source: Messages and Documents, Biennial Message of Gov. William Thayer to the Legislative Assembly, 1880, Salem, Oregon, W.P. Keady, State Printer, 1880.

World, Justice, Fish, Wealth

“Stock markets are never better performing than during a hyperinflation. Interest rates are rock bottom, but only through artificial means. Gross Private Domestic Investment is still falling off a cliff, having already completely erased ten years of investment from the record of history. Here is a fundamental factor that suggests that terrible things are still to come our way. And I guess I'll have to put this in italics because the point seems to be lost in the shuffle: unemployment is still rising, even soaring straight to double digits!
The sociology of this intrigues me to no end. Unemployment is one of the human elements that journalists are supposed to glom onto. Oh, look at poor Bob and Jane and how they lost their jobs and have nowhere to go, etc., etc. Talk about human interest! Where are the weepy stories about the plight of people wandering around with no work? Instead, we get happy clappy stories about how things are not nearly as bad as they might be had the great and powerful Obama of Oz not appeared to save the day. There is also the remarkable spin that things are getting worse, yes, but at a slower pace than before – an observation that might be most commonly heard in Hell.”

Lew Rockwell (1944) American libertarian author and editor

6 August 2009 "Obama and the Economy" http://www.lewrockwell.com/rockwell/obama-economy125.html 2000s

Happiness, People, Way, History

“The market does not exist in the pure state. It is shaped by the cultural configurations which define it and give it direction.”

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

2009, Cartias in Vertitate (29 June 2009)

“He has a deep contempt for Britain, the British people and parliamentary democracy. He is trying to climb back to power via the Treaty of Rome, and put Britain under government from Brussels for ever. In 1970 Mr Heath solemnly promised that he would not take Britain into the Common Market without the full-hearted consent of the British people. He broke his pledged word then, and he now says he will not accept a 'No' vote on Thursday. Heath promised more jobs and higher living standards inside the EEC. These promises were all broken, and he now tells us we are so poor we cannot come out; beggars can't be choosers. That is false, too. Heath's leadership has been a total disaster for the British people. The Tory Party threw him out.”

Tony Benn (1925–2014) British Labour Party politician

Speech at an anti-EEC rally (3 June 1975), quoted in 'Heath attack by Mr Benn', The Times (4 June 1975), p. 6
1970s

People, Democracy, Heart, Falseness

“The population of Majorca has always been noted for its absolute indifference to politics. In the days of the Carlistes and the Cristinos, George Sand tells us how they welcomed with equal unconcern the refugees of either side. According to the head of the Phalange, you could not have found a hundred Communists in the whole island. Where could the Party have got them from? It is a country of small market-gardening, of olives, oranges and almonds, without industry, without factories. I declare on oath that during the months preceding the civil war there was no attempt of any kind made against persons or belongings. 'There was killing in Spain,' you say. 'A hundred and thirty-five political assassinations between March and July 1936.”

Georges Bernanos book Les grands cimetières sous la lune

But in Majorca there were no crimes to avenge, so it could only have been a preventative action, the systematic extermination of suspects.
Source: Les grands cimetieres sous la lune (A Diary of My Times) 1938, p.86 [Carlistes and Cristinos - followers of Don Carlos - reactionary, and Maria Cristina - liberal - in the Spanish War of Succession in the 1830s].

War, Personality, Country, Indifference

“Bukharin, like Lenin, regarded the system of basing economic life on mass terror not as a transient necessity but as a permanent principle of socialist organization. He did not shrink from justifying all means of coercion and held, like Trotsky at the same period, that the new system called essentially for the militarization of labour – i. e. the use of police and military force to compel the whole population to work in such places and conditions as the state might arbitrarily decree. Indeed, once the market is abolished there is no longer any free sale of labour or competition between workers, and police coercion is therefore the only means of allocating "human resources". If hired labour is eliminated, only compulsory labour remains. In other words, socialism – as conceived by both Trotsky and Bukharin at this time – is a permanent, nation-wide labour camp.”

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

pg. 28-9
Main Currents Of Marxism (1978), Three Volume edition, Volume III: The Breakdown

Life, Time

“If Walter Bagehot was right that “one of the greatest pains to human nature is the pain of a new idea,” Ken caused an extraordinary amount of pain. Both in his economic thinking and in his political activities, he was dedicated to resisting, and where possible overturning, what he famously called “conventional wisdom” (one of his many turns of phrase that have since become commonplace locutions). Rejecting the standard economic theory based on small, anonymous households and firms that autonomously engage in perfectly functioning markets, Ken instead saw an economic stage dominated by large, nameable actors: big business, big labor, big government. Sorting out their roles and respective power was central to his analysis, and the continually shifting tensions in the interplay among them—“countervailing power” in another of his deft phrases—was the real story of how an economy behaved.”

Amartya Sen (1933) Indian economist

Stephen A. Marglin, Richard Parker, Amartya Sen, and Benjamin M. Friedman, “John Kenneth Galbraith”, Harvard Gazette (February 7, 2008)
2000s

Wisdom, Pain, Idea, Business

“We can debate how much socialism there was in Hitler’s National Socialism. It is remarkable, however, that many of the people insisting that Norway or Sweden is obviously socialist even though they both are more free-market than Hitlerite Germany are aghast at the suggestion that the National Socialists were…socialists.”

Jonah Goldberg (1969) American political writer and pundit

2010s, 2018, Socialism is So Hot Right Now (2018)

People

“Mindplayers didn't really address a lot about the criminal element of this particular world. Everybody in the Mindplayers world couldn't possibly live like the few people that you saw. A lot of times, a culture almost seems to float on top of its own black market, and things from that filter up through the culture. I get the feeling that this law-abiding peaceful thing that I live in now is almost never-never land - to a certain extent it's not even really real. I spent a decade working for Hallmark cards, which is supposed to epitomise sweetness and light and good living and ethics and morals. But Hallmark, like many American manufacturers, has a lot of things like toys and ornaments manufactured in the Far East, by people in sweat-shops. These are children, old people, poor people, people who don't have enough to eat; we get these things so cheaply because we simply use these people and throw them away. This is what I mean about our culture, our never-never land, floating on top of our underworld.”

Pat Cadigan (1953) science fiction author

Cadigan (1993) in: " Interview with Pat Cadigan, May 1993 http://tamaranth.blogspot.nl/1993/05/interview-pat-cadigan-may-1993.html" in The Hardcore, 1993

Children, People, World, Peace

“Imagine each family as a kind of little factory--a multiperson unit producing meals, health, skills, children, and self-esteem from market goods and the time, skills, and knowledge of its members. This is only one of the remarkable concepts explored by Gary Becker in his landmark work on the family. Becker applies economic theory to the most sensitive and fateful personal decisions, such as choosing a spouse or having children. He uses the basic economic assumptions of maximizing behavior, stable preferences, arid equilibria in explicit or implicit markets to analyze the allocation of time to child care as well as to careers, to marriage and divorce in polygynous as well as monogamous societies, to the increase and decrease of wealth from one generation to another.”

Gary S. Becker book A Treatise on the Family

Book abstract 2009
A Treatise on the Family, 1981

Fate, Marriage, Children, Health

“Basically, price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal. At other times he will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 42

Time, Forgetting

“In 1957, James Vicary, a market researcher, conducted a six week test in a New Jersey movie theatre. A high-speed projector repeatedly and subliminally flashed the slogans ‘drink Coke’ and ‘eat popcorn’ over the film. I thought I’d make my own cinema ad to try something similar. According to Vicary, popcorn sales went up by 57.5% and Coke sales by 18.1%… Whether Vicary’s results were due to the subliminals can never be shown and the experiment has become shrouded in urban myth. This is the Genesis Cinema in East London, which kindly agreed to include our ad amongst the trailers for a screening of Ocean's Twelve, a carefully chosen film which, if the ad works, the audience will not be able to remember. Not a bad thing.”

Derren Brown (1971) British illusionist

TV Series and Specials (Includes DVDs), Trick of the Mind (2004–2006)

Drink, Speed

“Good managements produce a good average market price, and bad managements produce bad market prices.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 44

“One can in particular interpret the proposition as a statement conditions under which the simplicity of incentive structure and the economies of information handling characteristic of a competitive market organization can be secured without loss of efficiency of allocation… The price system carries to each producer, resource holder, or consumer a summary of information about the production possibilities, resource availabilities and preferences of all other decision makers. Under the conditions postulated, this summary is all that is needed to keep all decision makers reconciled with a Pareto optimal state once it has been established.”

Tjalling Koopmans (1910–1985) Dutch American economist

Source: Three Essays (1957), p. 53, as cited in: Harold Kincaid, ‎Don Ross (2009) The Oxford Handbook of Philosophy of Economics. p. 128

Optimism, Decision, Loss

“Nature awareness, ecological worries and reactions to animal abuse are not signs of mankind at last getting conscious of its impact on the rest of the planet, but of the necessity for capital to think globally, and to take all past and present into account, from Maya temples to whales and genes. Everything it dominates has to be controlled and classified in order to be managed. What is marketable must be protected. Capital owns the world and no owner can afford to be too careless about his possessions.”

Gilles Dauvé (1947) French writer

"Letter on Animal Liberation" (1999)

World, Nature, Thinking, Past

“Who was the first man to look at a house full of objects and to immediately assess them only in terms of what he could trade them in for in the market likely to have been? Surely he can only have been a thief.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter Twelve, "1971–The Beginning…", p. 386

Housing

“My noble friend Lord Morrison of Lambeth rather suggested that it was a really good Socialist policy to join up with these countries. I do not think that comes into it very much. They are not Socialist countries, and the object, so far as I can see, is to set up an organisation with a tariff against the rest of the world within which there shall be the freest possible competition between, capitalist interests. That might be a kind of common ideal. I daresay that is why it is supported by the Liberal Party. It is not a very good picture for the future…I believe in a planned economy. So far as I can see, we are to a large extent losing our power to plan as we want and submitting not to a Council of Ministers but a collection of international civil servants, able and honest, no doubt, but not necessarily having the best future of this country at heart…I think we are parting, to some extent at all events, with our powers to plan our own country in the way we desire. I quite agree that that plan should fit in, as far as it can, with a world plan. That is a very different thing from submitting our plans to be planned by a body of international civil servants, no doubt excellent men. I may be merely insular, but I have no prejudice in a Britain planned for the British by the British. Therefore, as at present advised, I am quite unconvinced either that it is necessary or that it is even desirable that we should go into the Common Market.”

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

Speech http://hansard.millbanksystems.com/lords/1962/aug/02/britain-and-the-common-market in the House of Lords on the British application to join the Common Market (2 August 1962). Later life

Men, World, Way, Support

“Traditional measures of relatedness provide an incomplete and potentially inaccurate picture of the scope of exploit interrelationships between its SBUs. This is because traditional measures look at relatedness only at the industry or market level. But as we explain below, the relatedness that really matters is that between 'strategic assets' (i. e., those that cannot be accessed quickly and cheaply by nondiversified competitors.) Therefore, to accurately measure whether two businesses are related, we need to go beyond broad definitions of relatedness that focus on market similarity; we need to look at the similarities between the underlying strategic assets of the various businesses that a company is operating in.”

Constantinos C. Markides (1960) Cypriot business theorist

Source: "Related diversification, core competences and corporate performance", 1994, p. 150

Business

“The business virtue par excellence is honesty—without it markets can’t long survive.”

Ted Malloch (1952) American businessman

Source: Doing Virtuous Business (Thomas Nelson, 2011), p. 27.

Business

“Pushing through the market square, so many mothers sighing
News had just come over, we had five years left to cry in.
News guy wept and told us, earth was really dying
Cried so much his face was wet, then I knew he was not lying.”

David Bowie (1947–2016) British musician, actor, record producer and arranger

Five Years
Song lyrics, The Rise and Fall of Ziggy Stardust and the Spiders from Mars (1972)

Guy, Lying, Cry

“One of the most intriguing discoveries of experimental economics is that (1) as we have seen, people invariably behave non-cooperatively in small and large group ‘impersonal’ market exchange institutions; (2) many (up to half in single play; over 90% in repeat play) cooperate in ‘personal’ exchange (two-person extensive form games); (3) yet in both economic environments all interactions are between anonymous players.”

Vernon L. Smith (1927) American economist

Source: "Constructivist and ecological rationality in economics," 2002, p. 528.

People, Game, Personality

“That certain women were ready to sell themselves caused no excessive disgust in Isabelle. It was inevitable that a number of both men and women should compromise the institution of marriage by marrying for money, and once that happened there could be no question of impressing on the toughly logical female mind the unique vileness of prostitution. She had sometimes wondered, too, whether the contempt men felt for women who market their favors did not in part proceed from from the sense of grievance eternally felt by buyers against vendors.”

Rebecca West (1892–1983) British feminist and author

Source: The Thinking Reed (1936), Chapter VI

Women, Men, Money, Marriage

“He's definitely a character. But he's his own marketing tool, and he does it very well. He's real laid-back and subdued most times. Real down-to-earth guy. And when it's lights-camera-action -- different person.”

Terrell Owens (1973) former American football wide receiver

Dorsey Levens — reported in Jason Wilde (December 3, 2004) "A Perfect Fit - Shedding His Label As A Malcontent, Terrell Owens Has Transformed The Eagles With His NFL-Best 13 Receiving Tds - And Form-Fitting Tights", Wisconsin State Journal, p. D1.
About

Guy, Light, Time, Personality

“Given its price advantage and a head start in the market, Microsoft's TV strategy will be difficult for Apple to beat.”

Farhad Manjoo (1978) American journalist

Apple Doesn't Need To Make the TV of the Future http://slate.com/articles/technology/technology/2012/03/xbox_live_tv_why_microsoft_not_apple_will_dominate_television_streaming_.html in Slate (27 March 2012)

“It is imperative to get the smelters to pay a fair price for their power; otherwise, market forces can never induce them to limit their emissions.”

Tim Flannery book The Weather Makers

Source: The Weather Makers (2005), Chapter 24 (p. 231)

“I think there are things of which I and the people who have worked with me can feel deservedly proud. They include restoring Russia's territorial integrity, strengthening the state, progress towards establishing a multiparty system, strengthening the parliamentary system, restoring the Armed Forces' potential and, of course, developing the economy. As you know, our economy has been growing by 6.9 percent a year on average over this time, and our GDP has increased by 7.7 percent over the first four months of this year alone.
When I began my work in the year 2000, 30 percent of our population was living below the poverty line. There has been a two-fold drop in the number of people living below the poverty line since then and the figure today is around 15 percent. By 2009-2010, we will bring this figure down to 10 percent, and this will bring us in line with the European average.
We had enormous debts, simply catastrophic for our economy, but we have paid them off in full now. Not only have we paid our debts, but we now have the best foreign debt to GDP ratio in Europe. Our gold and currency reserve figures are well known: in 2000, they stood at just $12 billion and we had a debt of more than 100 percent of GDP, but now we have the third-biggest gold and currency reserves in the world and they have increased by $90 billion over the first four months of this year alone.
During the 1990s and even in 2000-2001, we had massive capital flight from Russia with $15 billion, $20 billion or $25 billion leaving the country every year. Last year we reversed this situation for the first time and had capital inflow of $41 billion. We have already had capital inflow of $40 billion over the first four months of this year. Russia's stock market capitalisation showed immense growth last year and increased by more than 50 percent. This is one of the best results in the world, perhaps even the best. Our economy was near the bottom of the list of world economies in terms of size but today it has climbed to ninth place and in some areas has even overtaken some of the other G8 countries' economies. This means that today we are able to tackle social problems. Real incomes are growing by around 12 percent a year. Real income growth over the first four months of this year came to just over 18 percent, while wages rose by 11-12 percent.
Looking at the problems we have yet to resolve, one of the biggest is the huge income gap between the people at the top and the bottom of the scale. Combating poverty is obviously one of our top priorities in the immediate term and we still have to do a lot to improve our pension system too because the correlation between pensions and the average wage is still lower here than in Europe. The gap between incomes at the top and bottom end of the scale is still high here – a 15.6-15.7-fold difference. This is less than in the United States today (they have a figure of 15.9) but more than in the UK or Italy (where they have 13.6-13.7). But this remains a big gap for us and fighting poverty is one of our biggest priorities.”

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

When asked in June 2007 at the interview with G8 journalists about main achievements of his presidency http://web.archive.org/web/20070607221025/http://www.kremlin.ru/eng/speeches/2007/06/04/2149_type82916_132772.shtml.

People, World, Feeling, Problem

“The most graphic description of the Muslim army is by a Hindu, the famous Maithli poet Vidyapati of the fourteenth century. Vidyapati was patronised by Sultans Ghiyasuddin and Nasiruddin of Bengal. Writing about Muslim soldiers, he says:
“Sometimes they ate only raw flesh. Their eyes were red with the intoxication of wine. They could run twenty yojanas within the span of half of a day. They used to pass the day with the (bare) loaf under their arm… (The soldier) takes into custody all the women of the enemy’s city… Wherever they happened to pass in that very place the ladies of the Raja’s house began to be sold in the market. They used to set fire to the villages. They turned out the women (from their homes) and killed the children. Loot was their (source of) income. They subsisted on that. Neither did they have pity for the weak nor did they fear the strong… They had nothing to do with righteousness… They never kept their promise… They were neither desirous of good name, not did they fear bad name…”
At another place he says: “Somewhere a Musalman shows his rage and attacks (the Hindus)… It appears on seeing the Turks that they would swallow up the whole lot of Hindus.””

Vidyapati

Vidyapati, Kirtilata. Quoted from Lal, K. S. (1992). The legacy of Muslim rule in India. New Delhi: Aditya Prakashan.

Women, Children, Fear, Home

“Both the Clinton and the Obama administrations frequently went along with the market liberalization launched under Reagan and both Bush presidencies. At times they even outdid them.”

Thomas Piketty (1971) French economist

We must rethink globalization, or Trumpism will prevail (16 November 2016)

Time

“Bernie wants us to live under the heavenly socialist–communist system like China. We never hear the left criticize that Mao Tse-Tung killed over 80 million people—the Chinese government admits—biggest mass murder in history. That's why there's so many liberal trendy places in Austin, in Denver, in New York, in LA, and San Francisco named after Mao. And people go and love play on their iPhones and the free market and their Chinese slave goods, and they drink beer and expensive wine and giggle about how fun it is to wear red stars. You couldn't put more bad luck on you, you couldn't trash your mojo better. Wearing swastika armbands, you stupid snot-nosed crud! That live off the backs of everybody that fought Nazism and Communism. You need to have your jaws broken! Don't you worry, reality is gonna crash in on you, trash! Who lowered our defenses and brought the Republic down; oh, we're already gone! And you celebrate it like you've joined the globalists mounting America's head on the wall, your great victory! A mass rape of women across Europe. The national draft coming in for women! The families falling apart! Women degraded into nothing but sexual objects! ALL in the name of Gloria Steinem and the Central Intelligence Agency program! And a Bernie Sanders with his fake Einstein hair, and his 'I'm a man of the people!' We go out and talk to Bernie Sanders' supporters, they can hardly talk—they're like him—'Free! Free! I want free stuff!' As if the New World Order is gonna give you anything free! Oh, it's free like a piece of cheese. And a little mouse comes out and it smells it and goes to bite it and, WA BAM! Breaks your neck. But your stupider than the little mouse. You can see all the countries and all the people caught in the mouse traps, caught in the big bear traps. You know what you do? You go into a trendy shop. On some capitalist strip. And you go in and you snuggle in with that credit card that daddy put money in for the trust fund. And you put on that little fur-rimmed coat and you're all sexy with your hammer and sickle on, and your Che Guevara and, you know, shirt from Rage Against the Machine, and the whole capitalist record company system selling it to you, and you go out on the street and you walk into McDonald's and you have yourself a double latte, oh yeah. Pathetic! Scum! Oh, how you'll burn in the camps, later. Wishing you had done something; I mean, you are the ultimate chumps, the ultimate buffoons, the ultimate schmucks!… But the public had so much freedom! They were so wealthy, even our poorest, they had no idea that what they were replacing it with was abject slavery.”

Alex Jones (1974) American radio host, author, conspiracy theorist and filmmaker

"Sanders Supporters are Pathetic Scum" https://www.youtube.com/watch?v=ooNxJnf_UAI, February 2016

Love, Women, Money, Bad luck

“The explanation of this book is that the 1929 depression was so wide, so deep, and so long because the international economic system was rendered unstable by British inability and U. S. unwillingness to assume responsibility for stabilizing it by discharging five functions:(1) maintaining a relatively open market for distress goods;
(2) providing countercyclical, or at least stable, long term lending;
(3) policing a relatively stable system of exchange rates;
(4) ensuring the coordination of macroeconomic policies;
(5) acting as a lender of last resort by discounting or otherwise providing liquidity in financial crisis.”

Charles P. Kindleberger (1910–2003) American economic historian

The World in Depression, 1929-1939 (2nd ed., 1986), Ch. 14 : An Explanation of the 1929 Depression

Books

“One of the most powerful engines of development and prosperity is trade and investment, which create new opportunities for entrepreneurs, and help people rise out of poverty, and reinforce fundamental values like transparency and rule of law. For all these reasons, many in these chambers have conducted free trade agreements at bilateral and regional levels. The most effective step of all would be an agreement that tears down trade barriers at the global level. The recent impasse in the Doha round is disappointing, but that does not have to be the final word. I urge every nation to seize this opportunity to lift up economies around the world and reach a successful Doha agreement as soon as possible. Beyond Doha, our nations must renew our commitment to open economies, and stand firm against economic isolationism. These objectives are being tested by turbulence in the global financial markets. Our economies are more closely connected than ever before, and I know that many of you here are watching how the United States government will address the problems in our financial system.”

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

2000s, 2008, Address to the United Nations General Assembly (September 2008)

People, World, Law, Disappointment

“Disruptive technologies typically enable new markets to emerge. There is strong evidence showing that companies entering these emerging markets early have significant first-mover advantages over later entrants.”

Clayton M. Christensen (1952–2020) Mormon academic

Source: 1990s, The Innovator's Dilemma (1997), p. 3; cited in: Parminder Bhachu (2004), Dangerous Designs: Asian Women Fashion, the Diaspora Economies. p. 172

Strong

“The belief that a capitalist economy is inherently stabilising is also one for which inhabitants of market economies may pay dearly in the future.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 9, The Sum Of The Parts, p. 213

Future

“The fact that nobody asks you to sing is not an indication that you should sing louder. This sounds obvious until it's applied to matters like mass transportation. There are virtually no private mass transit companies. This does not represent the failure of the market to provide a needed service, it represents the failure of an unneeded service to go away!”

L. Neil Smith (1946) American writer

"Some New Tactical Reflections".

Failure, Singing

“If stability and efficiency required that there existed markets that extended infinitely far into the future — and these markets clearly did not exist — what assurance do we have of the stability and efficiency of the capitalist system?”

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

Autobiographical Essay (2001)

Future

“It was on account of past depression, and in spite of present more encouraging conditions, that I have assembled an Agricultural Conference made up of those who are representative of this great industry in both its operating and economic sides. Everyone knows that the great need of the farmers is markets. The country is not suffering on the side of production. Almost the entire difficulty is on the side of distribution. This reaches back, of course, to unit costs and diversification, and many allied subjects. It is exceedingly intricate, for our domestic and foreign trade, transportation and banking, and in fact our entire economic system, are closely related to it. In time for action at this session, I hope to report to the Congress such legislative remedies as the conference may recommend. An appropriation should be made to defray their necessary expenses.”

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)

Hope, Suffering, Time, Past

“He stood, and heard the steeple
Sprinkle the quarters on the morning town.
One, two, three, four, to market-place and people
It tossed them down.

Strapped, noosed, nighing his hour,
He stood and counted them and cursed his luck;
And then the clock collected in the tower
Its strength, and struck.”

A.E. Housman (1859–1936) English classical scholar and poet

No. 15 ("Eight O'Clock"). Last Poems http://www.gutenberg.org/dirs/etext05/8lspm10.txt (1922)

People

“It is a false doctrine that labor must assume all management. Those best suited for management must manage, whatever may lie their source. Every industry is searching eagerly for brains. My observation convinces me that most business firms pledged to welfare work are interested in their employed; they often remain open in order to protect those who serve them, even though it might be more profitable for them to close down. People need to stop to think, when the laborer clamors against the unorganized labor market, whether the menace is from the immigrant or from some other source. For no business enterprise wishes its help to leave that it may employ others; the turnover is one of the most expensive things industry has to face. The expense of breaking in new help is appalling.”

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

1920s, Whose Country Is This? (1921)

People, Lie, Search, Business

“Capital markets reward you for what you learn that other people have yet to ascertain.”

Kenneth Griffin (1968) American hedge fund manager

Bloomberg News (April 29, 2005) http://quote.bloomberg.com/apps/news?pid=nifea&&sid=asibq1F2VEMk.

People, Learning

“To some this may appear to be a small matter, but to Mr. Harry Hook, it is very important. He is a street trader in the Barnsley Market. He has been trading there for some six years without any complaint being made against him; but, nevertheless, he has now been banned from trading in the market for life. All because of a trifling incident. On Wednesday, October 16, 1974, the market was closed at 5:30. So were all the lavatories, or 'toilets' as they are now called. They were locked up. Three quarters of an hour later, at 6:20, Harry Hook had an urgent call of nature. He wanted to relieve himself. He went into a side street near the market and there made water, or 'urinated' as it is now said. No one was about except one or two employees of the council, who were cleaning up. They rebuked him. He said: 'I can do it here if I like'. They reported him to a security officer who came up. The security officer reprimanded Harry Hook. We are not told the words used by the security officer. I expect they were in language which street traders understand. Harry Hook made an appropriate reply. Again, we are not told the actual words, but it is not difficult to guess. I expect it was an emphatic version of 'You be off'. At any rate, the security officer described them as words of abuse. Touchstone would say that the security officer gave the 'reproof valiant' and Harry Hook gave the 'counter-check quarrelsome'; As You Like It, Act V, Scene IV. On Thursday morning the security officer reported the incident. The market manager thought it was a serious matter. So he saw Mr. Hook the next day, Friday, October 18. Mr. Hook admitted it and said he was sorry for what had happened. The market manager was not satisfied to leave it there. He reported the incident to the chairman of the amenity services committee of the Council. He says that the chairman agreed that 'staff should be protected from such abuse.”

Alfred Denning, Baron Denning (1899–1999) British judge

That very day the market manager wrote a letter to Mr. Hook, banning him from trading in the market.
Ex Parte Hook [1976] 1 WLR 1052 at 1055.
Judgments

Life, Understanding, Nature, Water

“Theologians who drink too deeply of the cup of social disenchantment risk constructing a paper church of their own imagination. Theory, in other words, is not enough to provide an escape from the unfettered and corrosive relativism of the market. Submission to Rome is the only ecclesial reality with enough authority.”

Stephen H. Webb (1961–2016) American theologian

"Who has the Authority to Write Theology?"

Imagination, Drink, Reality

“I was a Republican because I thought that those were the people who best supported markets.”

Elizabeth Warren (1949) 28th United States Senator from Massachusetts

As quoted in The Unwinding, an inner history of the New America https://en.wikiquote.org/wiki/Special:BookSources/9780374102418 (2013), by George Packer, New York: Farrar, Straus, and giroux. p. 345. 2013

People, Support

“Management is the activity which plans, organizes, and controls the operations of the basic elements of men, materials, machines, methods, money, and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the thought objectives of the enterprise.”

George R. Terry (1909–1979)

As cited in Wren & Bedeian (1972;411)
Principles of Management, 1960

Men, Money, Effort

“To suggest that the global market-place of the twenty first century there will be no role for the state and the public sector is clearly nonsense.”

Bob Rae (1948) Canadian politician

Source: The Three Questions - Prosperity and the Public Good (1998), Chapter Four, Self-Interest and the Public Interest: Taxes, Debts, and Deficits, p. 64

“This new model of development would be based clearly on the goal of sustainable human well-being. It would use measures of progress that clearly acknowledge this goal. It would acknowledge the importance of ecological sustainability, social fairness, and real economic efficiency. Ecological sustainability implies recognizing that natural and social capital are not infinitely substitutable for built and human capital, and that real biophysical limits exist to the expansion of the market economy.”

Robert Costanza (1950) American economist

Source: Toward a New Sustainable Economy, 2008, p. 45

Nature

“We believe that, in order to understand contemporary economic decision making, we need to supplement the study of market factors with an examination of the internal operation of the firm – to study the effects of organizational structure and conventional practice on the developments of goals, the formation of expectations, and the execution of choices.”

Richard Cyert (1921–1998) American economist

Source: A behavioral theory of the firm, 1959, p. 1

Understanding, Decision, Study

“Essentially the fault lies in the fact that the democratic political process is at best regulated rivalry; it does not even in theory have the desirable properties that price theory ascribes to truly competitive markets.”

John Rawls book A Theory of Justice

Source: A Theory of Justice (1971; 1975; 1999), Chapter IV, Section 36, p. 226

“In an earlier day, the rich lived at the expense of the poor, directly and unequivocally; in a modern economy, unproductive citizens increasingly live at the expense of productive ones—though in an equivocal way, since they are told, and believe, that they are disadvantaged and deserve more still. Today, in fact, a good half of the population of every modern nation is made up of people with little or no income, who are exempt from taxes and live, to a large extent, off the other half of the population, which pays taxes. If such a situation were to be radicalized, it could give rise to massive social conflict. The eminently plausible free-market thesis of exploitation by the unproductive would then have prevailed over the much less promising socialist thesis of the exploitation of labor by capital.”

Peter Sloterdijk (1947) German philosopher

The Grasping Hand (2010)

People, Way

“Reflecting an amalgam of economics, monetary, and psychological factors, the stock market represents possibly the most subtly intricate game invented by man.”

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. 296

Game

“When a large part of the market for British textiles was in the colonies, a fall in the price of tea and cocoa caused unemployment in Lancashire.”

Joan Robinson (1903–1983) English economist

Source: Economic Heresies (1971), Chapter V, Nonmonetary Models, p. 67

Parting, Tea

“If the individual were no longer compelled to prove himself on the market, as a free economic subject, the disappearance of this kind of freedom would be one of the greatest achievements of civilization. The technological processes of mechanization and standardization might release individual energy into a yet uncharted realm of freedom beyond necessity. The very structure of human existence would be altered; the individual would be liberated from the work world's imposing upon him alien needs and alien possibilities. The individual would be free to exert autonomy over a life that would be his own.”

Herbert Marcuse book One-Dimensional Man

Source: One-Dimensional Man (1964), p. 2

Life, World, Freedom

“The idea that we can just keep growing forever on a finite planet is totally imbecilic…. Julian Simon, a professor of junkmail marketing, and his kind, think technology will solve everything…. We can use up the Earth then we can just jump into spaceships and fly somewhere else…. Technology does nothing to solve problems of biodiversity or living space or arable cropland…. Fresh water and arable cropland are finite resources…. We are already far beyond what we can support sustainably…. The provincial view you get from someone living in some wealthy American East Coast city is wildly different from reality. Most of the world is tropical, hungry and poor. Visit the developing world and southern hemisphere and you get a very different view of reality.”

Paul R. Ehrlich (1932) American scientist and environmentalist

Paul Ehrlich and the population bomb

World, Idea, Support, Problem

“In the early twentieth century the problem of production had been solved; after that it was the problem of consumption that plagued society. In the 1950s and '60s, consumer commodities and farm products began to pile up in vast towering mountains all over the Western World. As much as possible was given away — but that threatened to subvert the open market. By 1980, the pro tem solution was to heap up the products and burn them: billions of dollars of worth, week after week.”

Philip K. Dick book Solar Lottery

Source: Solar Lottery (1955), Chapter 2 (p. 16)

World, Mountain, Problem

“At some point it will inevitably crash again: as weapons of mass destruction go, unrestricted market economies are among the more subtle but sure.”

Ian McDonald book The Dervish House

Source: The Dervish House (2010), Ch. 4, §7 (p. 140)

“One recent history of economic thought (Jürg Niehans’s A History of Economic Theory) devotes twenty-four pages to Samuelson’s ideas. Adam Smith only gets thirteen. Samuelson’s work on stock markets and the random walk takes up less than two of those twenty-four pages. He was “the last generalist in economics,” as he liked to say, and for him financial market studies were just a side project that he at times seemed deeply ambivalent about. His intervention was, however, crucial to the triumph of the random walk. Here was one of the most important economists of all time, and he didn’t think the relationship between coin flips and the stock market was a dinner-speech triviality.”

Justin Fox (1964) American journalist

Justin Fox, Myth of Rational Market (2009), Ch. 4 : A Random Walk from Paul Samuelson to Paul Samuelson

History, Idea, Thinking, Study

“But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the "hamburgers" they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.”

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

1997 Chairman's Letter
Letters to Shareholders (1957 - 2012)

Happiness, Hope, Sense, Future

“The price-tax conditions necessary to sustain the Pareto optimality of a competitive market solution under the assumed convexity conditions are tantamount to standard Pigovian rules, with neither taxes imposed upon, nor compensation paid to, the victims of externalities.”

William J. Baumol (1922–2017) American economist

Source: The theory of environmental policy, 1988, p. 45; Cited in: Vatn, Arild, and Daniel W. Bromley. "Externalities-a market model failure." Environmental and resource economics 9.2 (1997): 135-151.

Optimism

“In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading asyndicate that was driving the market down.”

John Kenneth Galbraith book The Great Crash, 1929

Source: The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929), Chapter VIII, Aftermath I, Section III, p. 141

“I would prefer to believe that a market in fetal organs would empower women to use their reproductive capabilities to their own economic advantage.”

Jacob M. Appel (1973) American author, bioethicist, physician, lawyer and social critic

"Are We Ready for a Market in Fetal Organs?," http://www.huffingtonpost.com/jacob-m-appel/are-we-ready-for-a-market_b_175900.html The Huffington Post (2009-03-17)

Women

“Here’s why I would recommend against [selling the U. S. stock markets short]…. Retail brokers normally require investors to hold any short-sale proceeds in U. S. dollars, usually earning no interest. The dollar, seen through my famously jaundiced eye, could lose more purchasing power than the security you sold short lost value…. I’ve got a much better idea, which is to borrow dollars and spend them to acquire foreign income-producing assets, using the income to pay the interest.”

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

Quotes from Crash Proof (2006)

Idea

“Then what you find out is, what humans then do is, they create institutions - that's where institutionalism has a tie with Post Keynesianism - they create institutions which limit outcomes, which permit you to control outcomes as long as the society agrees to live by the rules of the game, which are the rules of the institutions. Now, if society rejects those rules, then society breaks down. What are the rules of the game? Well, money is a rule of the economic game. There are lots of human economic arrangements which don't use money. The family unit solves its economic problems, of what and how to produce within the family, without the use of money and without the use of markets. All the 24 hours of the day are either employed or leisure. There's no involuntary unemployment in the family. So you can solve the problem, but it's a different economy. We are talking about a money-using economy, and money is a human institution. You have to ask yourself, why was it created? Why is it so strange? You see, in Lerner, in neoclassical economics, money is a commodity. It's peanuts, with a very high elasticity of production. If people want more money, that creates just as many jobs as if people want goods. Then you have to say to yourself - and this was the question that Milton Friedman asked me in the debate - he says, 'That's nonsense; Davidson says money is not producible. Why are there historical cases where Indians used beads as money? Aren't beads easily producible?”

Paul Davidson (1930) Post Keynesian economist

But not in the Indian economy. They didn't know how to produce them.
quoted in Conversations with Post Keynesians (1995) by J. E. King

Money, People, Family, Game

“What is the market place? Is it the secular city? Is it the factual market place, that is to say the urban inner city? Is it suburbia where all the supermarkets are? No. The market place is simply the soul of man. It is the place where man trades his soul either to God or to the devil or to the 'in between', with indifference, tepidity and complacency.”

Catherine Doherty (1896–1985) Religious order founder; Servant of God

"Living the Mandate", p. 40
The last part of the quote, about those who trade their souls to the 'in between', alludes to Rev 3:15-16.
Unfinished Pilgrimage (1995)

God, Soul, Indifference

“A technology that by chance gains an early lead in adoption may eventually 'corner the market' of potential adopters, with the other technologies becoming locked out.”

W. Brian Arthur (1946) American economist

Source: Competing Technologies, Increasing Returns and Lock-in by Historical Events, (1989), p. 116

Chance

“Imagine if the government chased sick people with diabetes, put a tax on insulin and drove it into the black market, told doctors they couldn’t treat them, and then caught them, prosecuted them for not paying their taxes, and then sent them to jail. If we did that, everyone would know we were crazy. Yet we do practically the same thing every day in the week to sick people hooked on drugs. The jails are full and the problem is getting worse every day.”

Billie Holiday book Lady Sings the Blues

Source: Lady Sings the Blues (1956), Ch. 17.

People, Imagination, Problem

“An Apple employee copied Sony's design, circulated it to his bosses, and testified to these facts in court. From now on, when anyone heaps phrase on Apple's design excellence and superlative innovation, just point and laugh. Some of us have been saying for years that what Apple is really good at is ripping off other peoples' ideas and stealing the credit for them with slick marketing. This, right here, is the proof.”

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

The Smartphone Wars: The iPhone Design Was Inspired by Sony http://esr.ibiblio.org/?p=4479 in Armed and Dangerous (20 July 2012)

People, Idea

“In 302, the Roman emperor Diocletian commanded "there should be cheapness," declaring, "Unprincipled greed appears wherever our armies … march. … Our law shall fix a measure and a limit to this greed." The predictable result of Diocletian's food price controls were black markets, hunger and food confiscation by his soldiers. Despite the disastrous history of price controls, politicians never manage to resist tampering with prices -- that's not a flattering observation of their learning abilities.”

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

1970s, Economics for the Citizen (1978)

Hunger, Law, Food, History

“[There are] signs of froth in some local markets where home prices seem to have risen to unsustainable levels.”

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

“Williams’s starting point is the immense pessimism of nineteenth-century men of letters…. One can explain this pessimism to some extent in terms of various social and political failures, especially in France…. But Dr Williams would rather look at the physically examinable, and he finds in the author’s disease the roots of what his book cover calls, with an admirable eye on the market, the horror of life….”

Anthony Burgess (1917–1993) English writer

Non-Fiction, Homage to QWERT YUIOP: Selected Journalism 1978-1985 (1986)

Life, Men, Books, Disease

“John here," the other John said, "pioneered the concept of marketing by refusing to sell any products. It drives the market insane.”

Max Barry book Jennifer Government

Source: Jennifer Government (2003), Chapter 1, page 4

“As when you melons in the market buy.
You’ll cut a hundred, and, amongst the pile,
’Tis hard if you two good ones shall espy.
So, in our day, of all the tongues we deem,
From outward showing, free from every guile,
But two per cent, are really what they seem.”

Pietro Nelli (1672–1740) Italian painter

Satire, II., IX. — ""A Benedetto Barbarigo.""
Translation reported in Harbottle's Dictionary of quotations French and Italian (1904), p. 277.

“In the last few years, we have seen the executive branch declare itself outside the law — in prosecuting a war on terror. The law against torture has been suspended. The balance between the executive and legislative branch has been dismissed by signing statements and the theory of the unitary executive. The executive has declared its right to suspend habeas corpus indefinitely, to tap anyone's phones without court warrants and to detain and torture anyone it decides is an "enemy combatant." In that sense, we have already left the realm of constitutional government in favor of a protectorate outside the law promising to keep us safe (but never from itself).
But this new move to create a de facto dictator for the financial markets, to invest a Treasury secretary with unprecedented powers to buy and sell at close to a trillion dollar level — with no oversight or accountability: this is a new collapse in democratic life and constitutional norms.”

Andrew Sullivan (1963) Journalist, writer, blogger

"How Democracies Become Dictatorships," http://andrewsullivan.theatlantic.com/the_daily_dish/2008/09/how-democracies.html The Daily Dish (29 September 2008)

Life, War, Law, Sense

“Don't open your diamonds in a vegetable market. Tie them in bundle and keep them in your heart, and go your own way.”

Kabir (1440–1518) Indian mystic poet

Sakhi, 170; translation by Yashwant K. Malaiya based on that of Puran Sahib.
Bijak

Way, Heart

“The market remained the generator of demand for goods and services, but modern business enterprise took over the functions of coordinating flows of goods and services through existing processes of production and distribution, and of allocating funds and personnel for future production and distribution. As modern business enterprise acquired functions hitherto carried out by the market, it became the most powerful institution in the American economy and its managers the most influential group of economic decision makers. The rise of modern business enterprise in the United States, therefore, brought with it managerial capitalism.”

Alfred D. Chandler, Jr. (1918–2007) American historian

Source: The Visible Hand (1977), p. 1.

Business, Decision, Future

“Little is known about the interface between separate marketing units and sales units. This article develops a multidimensional model of the marketing and sales interface. The model integrates a broad range of conceptual domains, including information sharing, structural linkages, power, orientations, and knowledge of marketing and sales. The authors empirically explore the conceptual model through a cross-industry study of 337 European Union–based companies. They identify five empirical archetypes of the marketing and sales interface. The taxonomy shows that the role and characteristics of marketing and sales vary a great deal. This finding challenges existing stereotypes about marketing and sales. Finally, the article explores organizational outcomes of the five configurations. The findings suggest that the most successful configurations are characterized by strong structural linkages between marketing and sales and a high extent of market knowledge in marketing.”

Christian Homburg (1962) German academic

Source: "Configurations of marketing and sales: a taxonomy", 2008, p. 133; Abstract

Knowledge, Study, Strong, Success

“The greater the extent of market dynamism, the greater is the positive impact of market-oriented behaviors on market performance.”

Christian Homburg (1962) German academic

Source: "A multiple-layer model of market-oriented organizational culture", 2000, p. 453

Behavior

“This is not a book about charismatic visionary leaders. It is not about visionary product concepts or visionary market insights. Nor even is it about having a corporate vision. This is a book about something far more important, enduring, and substantial. This is a book about visionary companies. What is a visionary company? Visionary companies are premier institutions -- the crown jewels -- in their industries, widely admired by their peers and having a long track record of making a significant impact on the world around them. The key point is that a visionary company is an organization -- an institution. All individual leaders, no matter how charismatic or visionary, eventually die; and all visionary products and services -- all "great ideas" -- eventually become obsolete. Indeed, entire markets can become obsolete and disappear. Yet visionary companies prosper over long periods of time, through multiple product life cycles and multiple generations of active leaders.”

James C. Collins book Built to Last: Successful Habits of Visionary Companies

Book abstract, as cited in: Joe Kelly, ‎Louise Kelly (1998), An Existential-systems Approach to Managing Organizations. p. 256
Built to Last: Successful Habits of Visionary Companies, 1994

Life, Books, World, Idea

“Foot-and-mouth disease is a form of flu, treatable by proper veterinary care, preventable by vaccination, lethal neither to humans nor to animals. These animals, millions of them not even infected, were all killed only because their market value had been diminished and because trade policies required it—because, in short, under the circumstances it was the quick and convenient thing to do. By the one measure we now apply to these creatures, they had all become worthless. For them, the difference between what happened and what awaited them anyway was one of timing. And for us the difference was visibility. This time, we had to watch.”

Matthew Scully (1959) American political writer and speechwriter

Dominion (2002)

Disease, Time, Animals

“Today the doses of madness that keep us sane are supplied by new technologies. Anyone online has a limitless supply of virtual sex and violence. But what will happen when we run out of new vices? How will satiety and idleness be staved off when designer sex, drugs and violence no longer sell? At that point, we may be sure, morality will come back into fashion. We may not be far from a time when 'morality' is marketed as a new brand of transgression.”

John Gray book Straw Dogs: Thoughts on Humans and Other Animals

Non-Progress: A Billion Balconies Facing the Sun (p. 165-6)
Straw Dogs: Thoughts on Humans and Other Animals (2002)

Sex, Fashion, Time, Madness

“Both the control of territory and the political domination of one state over another have profound consequences for international economic relations. However… market power or economic power has itself become a principal means by which states seek to organize and manipulate the international division of labor to their own advantage.”

Robert Gilpin (1930–2018) Political scientist

p, 125
War and Change in World Politics (1981)

“In societies based around small communities, where almost everyone is either a friend, a relative, or an enemy of everyone else, the languages spoken tend even to lack words that correspond to "self-interest" or "altruism" but include very subtle vocabularies for describing envy, solidarity, pride, and the like. Their economic dealings with one another likewise tend to be based on much more subtle principles. … The work of destroying such ways of life is still often done by missionaries—representatives of those very world religions that originally sprang up in reaction to the market long ago. Missionaries, of course, are out to save souls; but they rarely interpret this to mean their role is simply to teach people to accept God and be more altruistic. Almost invariably, they end up trying to convince people to be more selfish and more altruistic at the same time. On the one hand, they set out to teach the "natives" proper work discipline, and try to get them involved with buying and selling products on the market, so as to better their material lot. At the same time, they explain to them that ultimately, material things are unimportant.”

David Graeber (1961) American anthropologist and anarchist

Army of Altruists (2007)

Life, God, People, World

“The flaw of target marketing is that it assumes people are indifferent to variety. Suburban white boys won't listen to Rap because supposedly they can't relate to urban black youths hopping around to all beat and no melody. What we get is music segregation on the airwaves and the record racks.”

Richard Menta American journalist

Source Three Lawsuits and a Funeral http://web.archive.org/web/20031217142538/www.mp3newswire.net/stories/2001/funeral.html - 11/30/2001 Quotes from the MP3 Newswire

People, Youth, Music, Boy

“[ Milton Friedman was] the dominant member of the so-called Chicago school of economics [during his tenure at Chicago]… The economics department increasingly reflected his approach and interests. These included deep commitment to the truth, appreciation of markets and free enterprise, frank and blunt discussion, and enormous zeal to convince the heathen. But most important was the commitment to economic analysis as a powerful instrument for interpreting economic and social life.”

Gary S. Becker (1930–2014) American economist

Gary Becker (1991). "Milton Friedman." In: Edward Shils, ed. Remembering the University of Chicago: Teachers, Scientists and Scholars. Chicago: University of Chicago Press, pp. 140-6

Life, Truth, School

“Competition has been curtailed by larger corporations; it has been sabotaged by groups of smaller entrepreneurs acting collectively. Both groups have made clear the locus of liberalism's rhetoric of small business and family farm.The character and ideology of the small entrepreneur and the facts of the market are selling the idea of competition short. These liberal heroes, the small businessmen and the farmer, do not want to develop their characters by free and open competition; they do not believe in competition, and they have been doing their best to get away from it.When the small businessmen are asked whether they think free competition is…a good thing, they answer…, 'Yes, of course—what do you mean?' … Finally: 'How about here in this town in furniture?'—or groceries, or whatever the man's line is. Their answers are of two sorts: 'Yes, if it's fair competition,' which turns out to mean: 'if it doesn't make me compete.' … The small businessman, as well as the farmer, wants to become big, not directly by eating up others like himself in competition, but by the indirect ways means practiced by his own particular heroes—those already big. In the dream life of the small entrepreneur, the sure fix is replacing the open market.But if small men wish to close their ranks, why do they continue to talk…about free competition? The answer is that the political function of free competition is what really matters now…[f]or, if there is free competition and a constant coming and going of enterprises, the one who remains established is 'the better man' and 'deserves to be where he is.' But if instead of such competition, there is a rigid line between successful entrepreneurs and the employee community, the man on top may be 'coasting on what his father did,' and not really be worthy of his hard-won position. Nobody talks more of free enterprise and competition and of the best man winning than the man who inherited his father's store or farm. …… In Congress small-business committees clamored for legislation to save the weak backbone of the national economy. Their legislative efforts have been directed against their more efficient competitors. First they tried to kill off the low-priced chain stores by taxation; then they tried to eliminate the alleged buying advantages of mass distributor; finally they tried to freeze the profits of all distributors in order to protect their own profits from those who could and were selling goods cheaper to the consumer.The independent retailer…has been pushing to maintain a given margin under the guise of 'fair competition' and 'fair-trade' laws. He now regularly demands that the number of outlets controlled by chain stores be drastically limited and that production be divorced from distribution. This would, of course, kill the low prices charged consumers by the A&P;, which makes very small retail profits, selling almost at cost, and whose real profits come from the manufacturing and packaging.…Under the threat of 'ruinous competition,' laws are on the books of many states and cities legalizing the ruin of competition.”

C. Wright Mills book White Collar: The American Middle Classes

Section One: The Competitive Way of Life.
White Collar: The American Middle Classes (1951)

Life, Men, Books, Family

Quotes about marketer page 9

Quotes about marketer
page 9