Quotes About Economy

Ormerod's discovery strongly implies that effective planning is rare in the modern economy.

The Soviet failure revealed itself much more gradually: it was a pathological inability to experiment. The

In the US, the total cost of treatment has been put at two hundred and forty-five billion dollars every year. Equivalent to the entire gross domestic product of Israel. Many people fear that the medical management of diabetes could bankrupt every single healthcare system in the future.

Confundir o que é bom para os mercados financeiros com o que é bom para os empregos, salários e para a vida das pessoas é um erro fatal em muitas escolhas económicas realizadas por líderes empresariais, legisladores e políticos.

Eu sou um capitalista bem-sucedido, mas estou cansado de ouvir que pessoas como eu criam empregos. Há apenas uma coisa que cria empregos, e são os clientes. E temos estado a tramar os trabalhadores há tanto tempo que eles não se podem dar ao luxo de ser nossos clientes. - Nick Hanauer

The gospel of perpetual economic growth carries in its train the salvation promise of a life bigger and better for everyone. But this greater good is often mythical. The actual experience of believers rarely bear out the claims of their faith. Even so, many adherents cleave stubbornly, fearfully to orthodoxy. I guess it's what they know.

It's ironic that we can imagine the collapse of the Antarctic ice shelves more readily than we can the collapse of the banking system-and despite this, amazingly, as this book was written, the banking system did collapse.

Baby boomers, who will benefit far more from the Social Security program than their grandchildren, should receive an increase in benefits only if the overall economy grows and the nation's debt profile improves.

The remarkable thing was that everyone accepted the entire process, seemingly as normal as physical laws of nature, despite the fact that it was really as ethereal as a rainbow. The money did not physically exist. Even "real" money was only specially made paper printed with black ink on the front and green on the back. What backed the money was not gold or something of intrinsic value, but rather the collective belief that money had value because it had to have such value.

What backed the money was not gold or something of intrinsic value, but rather the collective belief that money had value because it had to have such value.

Innovation is now recognized as the single most important ingredient in any modern economy.

When they weren't running meat—or rum—they worked as salt miners or piloted small boats along the coast. These highland Saint-Dominguans, along with more recent white immigrants, also from the middle and lower classes, were worlds removed from the sugar kings, businessmen

Our society gives its economy priority over health, love, truth, beauty, sex and salvation; over life itself. Whatsoever is given precedence over life will take precedence over life, and will end in eliminating life. Since economics, at its most abstract level, is the religion of our people, no noneconomic happening, not even one as potentially spectacular as the Second Coming, can radically alter the souls of our people.

Thomas rather thought Foley might ask what purpose was served by an economy whose success and protection depended on people living in ugly, sterile, unhealthy environments-he'd met that argument before and admittedly had had some difficulty refuting it-but the ex-pilot merely shrugged and said, There's more to trees than you think. I've run across some trees I'd sooner hug than a woman.

War, in short, concentrated the mind. It had proven possible to convert a whole country into a war machine around a war economy; why then, people asked, could something similar not be accomplished in pursuit of peace? There was no convincing answer.

Our disability is discursive: we simply do not know how to talk about these things any more. For the last thirty years, when asking ourselves whether we support a policy, a proposal or an initiative, we have restricted ourselves to issues of profit and loss - economic questions in the narrowest sense. But this is not an instinctive human condition: it is an acquired taste.

The uncharming qualities of capitalism are its middle ground.

The welfare states of continental Europe—what the French call the Etat providence, or providential state—followed yet a third model. Here, the emphasis was primarily on protecting the employed citizen against the ravages of the market economy. It should be noted that 'employed' here is no casual adjective. In France, Italy and West Germany it was the maintenance of jobs and incomes in the face of economic misfortune that preoccupied the welfare state.

British-made domestic goods, vehicles, tools or weapons had for long been highly prized on foreign markets. But in the course of the 1930s and 1940s British producers had so successfully undermined their own standing in almost every commodity save men's clothing that the only niche left to Britain's retail merchants by the 1960s was high profile, low quality 'trendy' fads

financial transactions have displaced the production of goods or services as the source of private fortunes, distorting the value we place upon different kinds of economic activity.

By the end of the 1970s, a clear majority of the employed population of Britain, Germany, France, the Benelux countries, Scandinavia and the Alpine countries worked in the service sector—communications, transport, banking, public administration and the like. Italy, Spain and Ireland were very close behind.

Whether capitalist economies thrive best under conditions of freedom is perhaps more of an open question than we like to think.

by 1945 few people believed any longer in the magic of the market. This was an intellectual revolution.

For the postwar peace, he preferred to minimize direct government intervention and manipulate the economy through fiscal and other incentives.