Quotes About Economy

An economy made of paper could never be as strong as one of bricks, guns and widgets.

Laura had read somewhere that tweens—eight to fourteen-year-olds—had so much discretionary income and expensive tastes that they drove the whole economy. Not just the US economy, but the world's. She

The huge seventy-billion a year 'defense' budget

Never be on the bear side but on the bull side when the United States is in question.

The economy is after all driven by people. No matter how dire the situation may be, as long as people are firm, a turnaround, revival and progress can be possible.

World economies are always so tenuous and we are subject to so many losses in life, but a compassionate attitude is something we can always carry with us.

Wage slavery is still slavery. It may provide a few creature comforts, but a wage slave is even more disposable than a slave. Wage

We have very strong intuitions about all kinds of things — our own ability, how the economy works, how we should pay school teachers. But unless we start testing those intuitions, we're not going to do better.

Industrialization finally drove the West out of a mercantile economy and into a capitalist one. Before industrialization, the most important factor in determining the wealth of a country was its volume of trade, or exports minus imports. After industrialization, the value of what a country could produce became more important.

Germany made every effort to acquire a small empire in the bits left unclaimed in Africa, China and the Pacific, only to lose it all to Britain after the First World War. All this was a signal that, by the late 19th century, being the largest empire no longer guaranteed having the largest economy.

All these corporations owe their international scale of business to Henry Ford's ingenious, widespread use of the production line.

The Netherlands is a small nation but its contribution to the development of capitalism is immense.

The best that workers can hope for is a condition of full employment, and that can be achieved only by increasing production at a rate matching the growth of the population. This solution, however, was not enough for the most prominent thinker of classical liberal ideology

We can't fix society until we fix the schools. We can't fix the schools until we fix the neighborhoods. We can't fix the neighborhoods until we fix the economy. We can't fix the economy until we fix politics. We can't fix politics until we fix the pernicious effect of basic human insecurities. We can't fix the pernicious effect of basic human insecurities until we fix society. We can't fix society until we fix the schools.

Local economies are suffering as people spend more on fuel and less on consumer goods and travel.

People aren't just paying more to fill their gas tanks or when they pay for their heating bills for their home they are paying more at the grocery store, on air travel and for many other daily expenses.

Real wages (adjusted for inflation) have been flat or down for decades. Millennials earn 20 percent less than their parents did at the same stage of their lives, according to a 2017 study by Young Invincibles, an advocacy group.

We can't just fix the workplace. We need to fix capitalism itself—and not just by making a few small tweaks at the edges. The whole system needs a major, fundamental reboot.

The function of a financial system is to channel money from people who have it but want to save it to people who don't have it but want to spend it. ... In Ireland, as in most European countries, the banking system is the most important conduit for channelling money from savers to investors.

Our planet and our national prosperity are already suffering from the decline in our leadership.

IN THE NORTHWEST CORNER of Alabama, across the Tennessee River from R&B recording mecca Muscle Shoals, is Florence, a town of 39,000. Before NAFTA, Florence was the Cotton T-shirt Capital of the World. "They used cotton that was grown around here," fashion designer Natalie Chanin told me, over heirloom BLTs and iced tea at The Factory Café, her farm-to-table restaurant located in Bldg. 14, one of twenty immense

Then came the Industrial Revolution, first in Britain, then in Western Europe and North America. Men and women flocked from the countryside to towns to satisfy factories' growing demand for labor.

Eventually, capitalism transformed itself, and its gains began to be shared more widely.

Technological progress fostered industrial capitalism, but would eventually undermine it. Labor productivity in manufacturing industries rose much faster than in the rest of the economy. That meant that the same or higher quantity of steel, cars, and electronics could be produced with many fewer workers. Manufacturing's share of total employment began to decline steadily in all the advanced industrial countries sometime after the Second World War.