Quotes About Economics

and magazines and listen to the same economists.

As far back as 1602, Dutch people were buying shares in the United Dutch East India Company. This was the world's first popular stock, sold on the world's first popular stock exchange, which operated from a bridge over the Amstel River in Amsterdam. Crowds of eager investors gathered there, trying to get the attention of a stockbroker, and when their pushing and shoving got out of hand, police were called in to restore the peace.

Gentrification, at its deepest level, is really about reorienting the purpose of cities away from being spaces that provide for the poor and middle classes and toward being spaces that generate capital for the rich.

Though the governments of Sweden, Hong Kong, and Germany are by no means anticapitalist, they have accepted a truth that few in the United States are willing to grapple with: unregulated capitalism cannot provide a complete solution to the housing question.

According to Waggoner, the trouble is that complicated laws enrich those who make the laws while making the rest of society poorer.

The point of this, as Marx explains, is to show that according to classical economics the worker becomes a commodity, the production of which is subject to the ordinary laws of supply and demand. If the supply of workers exceeds the demand for labour, wages fall and some workers starve. Wages therefore tend to the lowest possible level compatible with keeping an adequate supply of workers alive.

You think a thing has more value simply because it belongs to you. Experts called behavioral economists have noted an issue they call the endowment effect, Dr. Tolin says. Merely owning an item causes you to exaggerate its value, or "endow" it with more worth.

A Gresham's Law: the fakes would undermine the value of the real.

Politics is the enemy of a sound economic entity, he mused. New laws, harsher tax rates, meddling . . . and now this.

Gone were the days when Zuckerman had only to worry about Zuckerman making money: henceforth he would have to worry about his money making money.

But the thought leaders on talk radio and Fox do more than shape opinion. Backed by their own wing of the book-publishing industry and supported by think tanks that increasingly function as public-relations agencies, conservatives have built a whole alternative knowledge system, with its own facts, its own history, its own laws of economics.

The Republican Party was built on a coalition of the nation's biggest winners from globalization and its biggest losers. The winners wrote the policy; the losers provided the votes.

race slavery did not create the culture of the southern colonies; that culture created slavery.

Neoliberalization has meant ,in short,the financialization of everything.There was unquestionably a power shift away from production to the world of finance.

The process of neoliberalization has, however, entailed much 'creative destruction'

The assumption that individual freedoms are guaranteed by freedom of the market and of trade is a cardinal feature of neoliberal thinking, and it has long dominated the US stance towards the rest of the world.

It is therefore only at the money moment—the moment of capitalist universality—that we can tell where we are in relation to value and surplus-value.

Capital is process, and that is that.

Minimum wage increases. The Nobel Prize economist Milton Friedman has observed that the minimum wage is one of the most ... anti-black laws on the statute books because it destroys entry level jobs for second paycheck earners, teens, and other unskilled workers.

As far back as 1922, Ludwig von Mises wrote a 500-page treatise predicting that socialism would not work. Socialist theorists, he wrote, had failed to recognize basic economic realities that would eventually bankrupt the future they were creating. These included the indispensability of markets for allocating resources, and of private property for providing the incentives that drive the engines of social wealth.

An Economic Model for Lean W

Women today continue to want men who have resources, and they continue to reject men who lack resources.

For women, more economic freedom translates into more sexual freedom.

The implications of these fundamental trends in human mating psychology for a lasting relationship are profound. To maximize the chances of preserving a long-term bond, couples would do well to remain faithful; produce children together; secure ample economic resources; act kind, generous, and understanding; and attend to their mate's sexual and emotional desires. These actions do not guarantee a successful relationship, but they increase the odds substantially.