Quotes About Economy

Corn is a necessary, silver is only a superfluity.

I feel like I'm 16 again — gas is cheap and I'm grounded.

Did you know there's now a coin shortage? Yes, America is literally out of common cents.

Unquestionably, there is progress. The average American now pays out twice as much in taxes as he formerly got in wages.

Unquestionably, there is progress. The average American now pays twice as much in taxes as he formerly got in wages.

Our story of bus drivers reveals the existence of the proverbial elephant in the room. It shows that the living standards of the huge majority of people in rich countries critically depend on the existence of the most draconian control over their labour markets – immigration control.

As for Africa, its per capita income grew relatively slowly even in the 1960s and t he 1970s (1-2% a year). But since the 1980s, the region has seen a fall in living standards. This record is a damning indictment of the neoliberal orthodoxy, because most of the African economies have been practically run by the IMF and the World Bank over the past quarter of a century.

The view that the world has now entered a new era of the 'knowledge economy', in which making things does not confer much value, is based upon a fundamental misreading of history. We have always lived in a knowledge economy.

It shows that the living standards of the huge majority of people in rich countries critically depend on the existence of the most draconian control over their labour markets – immigration control. Despite this, immigration control is invisible to many and deliberately ignored by others, when they talk about the virtues of the free market.

Unless South Africa is

government of an economically backward nation, such as the US, needs to protect and nurture 'industries in their infancy' against superior foreign competitors until they grow up; this is known as the infant industry argument.

the chance of an average developing-country person being an entrepreneur is more than twice that for a developed-country person (30 per cent vs. 12.8 per cent).

Moreover, even if they are eventually weeded out, one-sided managerial compensation packages impose huge costs on the rest of the economy while they last. The workers have to be constantly squeezed through downward pressure on wages, casualization of employment and permanent downsizing, so that the managers can generate enough extra profits to distribute to the shareholders and keep them from raising issues with high executive pay (for more on this, see Thing 2).

During 2001-2005, Mexico's growth performance has been miserable, with an annual growth rate of per capita income at 0.3% (or a paltry 1.7% increase in total over five years). By contrast, during the 'bad old days' of ISI (1955-82), Mexico's per capita income had grown much faster during the NAFTA period-at an average of 3.1% per year.

So the two champions of free trade, Britain and the US, were not only not free trade economies, but have been the two most protectionist economies among rich countries, i.e. until they each in succession became the world's dominant industrial power.

Our story of bus drivers reveals the existence of the proverbial elephant in the room. It shows that the living standards of the huge majority of people in rich countries critically depend on the existence of the most draconian control over their labour markets – immigration control. Despite this, immigration control is invisible to many and deliberately ignored by others, when they talk about the virtues of the free market.

The West has been able to bring Afghanistan a much better health service, better education, better roads, a better economy, though some have benefited more some have benefited less from that economic well-being in Afghanistan.

What the economy requires now is a whole different set of skills: You need intelligence, you need an ability to sit still and focus, to communicate openly to be able to listen to people and to operate in a workplace that is much more fluid than it used to be. Those are things that women do extremely well.

Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence.

Forgiveness is the economy of the heart.…forgiveness saves the expense of anger, the cost of hatred, the waste of spirits.

What I'm really worried about is war. Will the former rich countries really accept a completely changed world economy, and a shift of power away from where it has been the last 50 to 100 to 150 years, back to Asia?

Politicians say they're beefing up our economy. Most don't know beef from pork.

Parsimonious by nature, the "aged spinster" (as the newspapers would soon be describing her)