Quotes About Economics

The individualism of current economic theory is manifest in the purely self-interested behavior it generally assumes. It has no real place for fairness, malevolence, and benevolence, nor for the preservation of human life or any other moral concern.

Environmental degradation is an iatrogenic disease induced by economic physicians who treat the basic malady of unlimited wants by prescribing unlimited growth.... Yet one certainly does not cure a treatment-induced disease by increasing the treatment dosage.

The problem with the World Bank has to do with development - the spreading of Western over-consumption worldwide.

Growth economics gave technology free rein. Steady-state economics channels technical progress in the socially benign directions of small scale, decentralization, increased durability of products, and increased long-run efficiency in the use of scarce resources.

most basic fact of accounting.

the problem was not people but the law, which was discouraging and preventing people from being more productive.

In the perfect Capitalist State there would be no food available for the non-owner save when he was actually engaged in Production, and that absurdity would, by quickly ending all human lives save those of the owners, put a term to the arrangement.

Finance, like time, devours its own children.

No, Mr. Khrushchev, you may not have a wall. It will not prove that communism works. It will not work out well at all. Now, look, I agree capitalism isn't the be-all and end-all! Let me show you my last credit card bill. But you really need to put your thinking cap back on.

I guess if people couldn't profit from war I don't think there would be war.

You could afford your house without your government if it weren't for your government.

With the predominance of economic problems and economic thinking, which is overshadowing all other forms of human thinking, we remain completely ignorant of, and indifferent to, a more humanized knowledge and a more humanized philosophy, a philosophy that deals with the problems of the individual life.

Capital has its rights, which are as worthy of protection as any other right.

Labor is the true standard of value.

Eventually, money will optimize itself and everything around it.

Life is billed at the cost of living.

The UUe will cannibalize all other economic systems.

Economics doesn't reward nice. It rewards smart.

Money is worth what people feel it's worth. . . . Without millions of individual citizens believing in a currency, money is colored paper.

Money is emotional," Lowell pronounced. "Because all value is subjective, money is worth what people feel it's worth.

The core dynamic of the capitalist system is the accumulation process, a process in which a portion of the profits reaped through the sale of goods and services is reinvested, swelling the capital stock, incorporating new technologies in the process, and permitting larger sales and profits in the future.

From this process has emerged a parallel process of translating traditional working and living values into a new political and economic power - a power increasingly based upon the strength of money and those material things money can purchase.

A profound political question is suddenly on the table: Must the country continue to give precedence to private financial gain and market determinism over human lives and broad public values?

Rather than dividing the world between good and evil, the Left divided the world in terms of economics. Economic classes, not moral values, explained human behavior. Therefore, to cite a common example, poverty, not one's moral value system, or lack of it, caused crime.