Quotes About Economics

Between 1972 and 2001 the wage and salary income of Americans at the 90th percentile of the income distribution rose only 34 percent, or about 1 percent per year. So being in the top 10 percent of the income distribution, like being a college graduate, wasn't a ticket to big income gains. But income at the 99th percentile rose 87 percent; income at the 99.9th percentile rose 181 percent; and income at the 99.99th percentile rose 497 percent. No, that's not a misprint.

But public opinion surveys show overwhelming support for raising taxes on the rich. One recent poll even found that 45 percent of self-identified Republicans support Alexandria Ocasio-Cortez's suggestion of a top rate of 70 percent.

Krugman calculation" that 70 percent of the rise in average family income has gone to the top 1 percent of families.

To put this in international perspective, Mississippi now is about as poor relative to the coastal states as Sicily is relative to northern Italy.

Businesspeople are not used to thinking about closed systems;economists are.

Le depressioni, l'inflazione galoppante o la guerra civile possono rendere un paese povero, ma solo l'aumento di produttività può renderlo ricco.

Most obviously, the federal minimum wage, adjusted for inflation, has fallen by a third over the past half century, even as worker productivity has risen 150 percent. That divergence was politics, pure and simple.

The answer is quite startling: 70 percent of the rise in average family income went to the top 1 percent.

Many of the states that have refused to expand Medicaid, even though the federal government would foot the great bulk of the bill—and would create jobs in the process—are also among America's poorest.

Productivity isn't everything, but in the long run, it's almost everything

JP Morgan spelled it out: for neoliberalism to survive, democracy must fade.

But why, if the real weekly value of my labour is thirty hours of other people's work, would I ever work sixty hours?

or we don't – and disaster follows. It has become common to laugh at the absurdities of the climate-change deniers, but there is a rationality to their response. They know that climate science destroys their authority, their power and their economic world. In a way, they have grasped that if climate change is real, capitalism is finished.

The root cause, simply put, is globalization, and the resulting monopolization of wealth by a global elite.

la tecnología de la información, lejos de crear una forma nueva y estable de capitalismo, está disolviendo el sistema capitalista en general, porque corroe los mecanismos de mercado, socava los derechos de propiedad y destruye la tradicional relación entre salarios, trabajo y ganancias.

nothing (and I mean nothing!) has a greater effect on investing and economics than government.

Supply and demand is the nature of market risk.

What good does it do a black youth to know that an employer must pay him $2 an hour if the fact that he must be paid that amount is what keeps him from getting a job?

When you have conservative Republican stalwarts like Jim Demint (South Carolina) and Ron Paul (Texas) as well as self-identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left.

A recent survey concluded that 55.3 million Mexicans can be described as poor or destitute, this in a population of 127 million.

a laboratory of social and economic horror.

sweatshops in Juárez.

It is, in fact, impossible clearly to distinguish economic war from information war, since each involves the same hegemonic ambition of making commercial and military exchanges interactive

tremendous profits