Quotes About Economics

Once again the Scriptures are a lodestar, a benchmark, the plumb line steadies us and steers us clear of what is happening in the world and gives us a glimpse of history and politics, economics and daily experiences from God's point of view. Going back to this mother lode of wisdom and knowledge, inspired by God, brings grace and further insight not found in other devotional materials.

Marx was an astronomer of history, not an astrologer.

There is no such thing as an Asian market. There is not even a singular Chinese market. The degree of adaptation will depend on your product and where in Asia you hope to sell it.

And religion causes most of the problems, war, and economics of course, and study your history or you're going to repeat it and if you're burning a Harry Potter book you need some serious counseling, you don't get it, you're missing the whole point.

Taxes are not good things, but if you want services, somebody's got to pay for them so they're a necessary evil.

If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes.

You have to take away some of tax breaks for the wealthy, and you have to cut back on some entitlements. Because, unless we do all of these things, it just doesn't work. And what's good theater and what's good politics isn't necessarily good economic policy.

The Gini Coefficient quantifies how large a percentage of the total income of a society must be redistributed in order to achieve a perfectly equal distribution of wealth.

This, truly, is the ugly side of rampant neo-liberalist capitalism," I thought to myself, leaving hurriedly. "Not even the Swedes would put Camembert and Tandoori sauce in a burger." The

The RCP's belief that capitalism was on the point of collapse started to look somewhat unconvincing. And

If we are honest, we must admit that our employers have power over us. Some of them may be nice and some of them may be nasty, but none of them will spend money just because it would be good for us. They know that as individuals we are less powerful than they. We have only our ability to work to sell, but they have the jobs.

Competitive forces = the underlying drivers of profitability P.25

High rivalry limits the profitability of an industry P.32

Per capita health care cost in the United States surpasses that of most other developed countries. Despite this, U.S. costs are rising at comparable rates.

It is the "threat of entry", not whether "entry" actually occurs, that holds down profitability. p.26

Rivalry is especially destructive to profitability if it gravitates solely to price because price competition transfers profits directly from an industry to its customers. P.32

The market is simply a proxy, or a pseudonym, for the rich and powerful, for the capitalist elite. In expressions such as, "The market did x, y, or z", or, "The market reacted badly to the news", or "The market demanded a new policy", or, "The market gave it the thumbs down", if you simply substitute "capitalist elite" for the word "market", you will comprehend what's going on.

The National Academy of Sciences once estimated that a total ban on the widespread feeding of antibiotics to farm animals would raise the price of poultry anywhere from one to two cents per pound and the price of pork or beef around three to six cents a pound, costing the average meat-eating American consumer up to $9.72 a year.1357 Meanwhile, antibiotic-resistant infections in the United States cost an estimated $30 billion every year1358 and kill ninety thousand people.

The reason some of the unhealthiest foods are marketed is one of simple economics: Real food goes bad. 751 Fruits and vegetables are perishable. What shareholders want is a snack cake that lasts for weeks on the shelf.

Global spending for prescription drugs is surpassing $ 1 trillion annually, with the United States accounting for about one-third of this market.

But there are two other major reasons the food industry adds salt to foods. If you add salt to meat, it draws in water. This way, a company can increase the weight of its product by nearly 20 percent. Since meat is sold by the pound, that's 20 percent more profits for very little added cost.

Not only does free trade have nothing to do with democracy, but in most cases throughout history the two have been inimical. Free trade prospered only at the expense of democracy and the freedom of the majority.

The quickest way to double your money is to fold it in half and put it back in your pocket.

John Stuart Mill was called a Ricardian socialist because classical economists were moving toward reforms they themselves characterized as social – and hence, as socialist. Most reformers referred to themselves as socialists of one kind or another, from Christian socialists to Marxist socialists and reformers across the political spectrum. The question was what kind of socialism "free market" capitalism would evolve into.