Quotes About Economics

It's supply and demand," he said. "My sister teaches kids with learning disabilities. She enjoys her work as much as I do, but earns much less. If nobody else wanted to teach, she'd make more money." Say what you will about the analysis.

the medical-industrial complex. It wasn't designed for a crisis; if it was designed for anything, it was to maximize the profits of companies that enjoyed monopoly power.

Financial markets are a collection of arguments.

The first law of the market is to make the largest possible profit from other people's labor. Private profitability rather than human need is the determining condition of private investment. There prevails a rational systematization of human endeavor in pursuit of a socially irrational end: "accumulate, accumulate, accumulate.

it is not socialism that subverts democracy, but democracy that subverts capitalism.

Again — it cannot be said too often — profits are what you make when not working. This explains why, in most instances, the secret to getting rich is not to work hard but to get others to work hard for you.

The standard "trickle down" theory says that the accumulation of wealth at the top eventually brings more prosperity to the rest of us below; a rising tide lifts all boats. I would argue that in a class society the accumulation of

free-market world holocaust.

American farmers produced 600 more calories per person per day in 2000 than they did in 1980. But some calories got cheaper than others: Since 1980, the price of sweeteners and added fats (most of them derived, respectively, from subsidized corn and subsidized soybeans), dropped 20 percent, while the price of fresh fruits and vegetables increased by 40 percent.

The bubble logic driving tulipomania has since acquired a name: "the greater fool theory." Although by any conventional measure it is folly to pay thousands for a tulip bulb (or for that matter an Internet stock), as long as there is an even greater fool out there willing to pay even more, doing so is the most logical thing in the world.

researchers found that a dollar could buy 1,200 calories of potato chips and cookies; spent on a whole food like carrots, the same dollar buys only 250 calories. On the beverage aisle, you can buy 875 calories of soda for a dollar, or 170 calories of fruit juice from concentrate.

Farmers facing lower prices have only one option if they want to be able to maintain their standard of living, pay their bills, and service their debt, and that is to produce more [corn]

The free market has never worked in agriculture and it never will. The economics of a family farm are very different from a firm's... the demand for food isn't elastic; people don't eat more just because food is cheap. Even if I go out of business this land will keep producing corn.

how economists seem to view the question of work and leisure: as antithetical terms that neatly line up with the equally antithetical categories of production and consumption. But perhaps that view says more about them, and consumer capitalism, than it does about us. For one of the most interesting things about cooking today—optional cooking—is how it confounds the rigid categories of work and leisure, of production and consumption.

A recent study in the American Journal of Clinical Nutrition compared the "energy cost" of different foods in the supermarket. The researchers found that a dollar could buy 1,200 calories of potato chips and cookies; spent on a whole food like carrots, the same dollar buys only 250 calories. On the beverage aisle, you can buy 875 calories of soda for a dollar, or 170 calories of fruit juice from concentrate.

Bitcoin represents the first major breakthrough in economics and finance since double-entry bookkeeping was invented in 1494, and activists need to embrace its power.

Whether you're from Egypt or Argentina or Singapore or Canada, you have a need to feel important, a need to feel secure, and a need to feel loved. The culture and economics just determine how those needs are expressed.

Of the 55 refineries closed in America in the last 10 years, they were all closed for economic reasons, mostly oil company mergers. Not a single one was closed for environmental purposes or objections.

Working men, in particular, face a world they did not expect, jobs are hard to find and pay badly meaning they often can't provide single-handedly for their families, as their fathers and grandfathers did. That alone causes a loss of pride.

When you are doing a site that you understand is not making money, you kind of understand when times get challenging or there is a new economic climate, you will be scrutinized very closely.

There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.

Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries.

Because microfinance is so manageable in terms of the size of the loan, people have made it the cornerstone to lifting women out of poverty.

Designers simply can't afford to make dresses in 10 sizes for a sample.