Quotes About Economic

Noveno, existe una agenda económica exhaustiva que podría restaurar el crecimiento y la prosperidad compartida.

the six heirs to the Wal-Mart empire command wealth of $69.7 billion, which is equivalent to the wealth of the entire bottom 30 percent of U.S. society.

While GDP is the standard measure of economic performance,2 there are other indicators, and in virtually every one, the eurozone's overall performance is dismal, and that of the crisis countries, disastrous: unemployment is very high; youth unemployment is very, very high; and output per capita is lower than before the crisis for the eurozone as a whole, much lower for some of the crisis countries.

If one group's economic opportunities leave it much poorer than other groups, then the interactions of the first group with people from other groups will be limited, and it is likely to develop a different culture. Then ideas about intrinsic differences of the poor group are more likely to take root and to persist.

hay un conjunto de políticas en esencia asequibles y capaces de hacer de una vida de clase media —una vida que parecía a nuestro alcance a mediados del siglo precedente y ahora parece cada vez más lejana— la norma en lugar de la excepción.

The economic elite have pushed for a framework that benefits them at the expense of the rest, but it is an economic system that is neither efficient nor fair. I explain how our inequality gets reflected in every important decision that we make as a nation—from our budget to our monetary policy, even to our system of justice—and show how these decisions themselves help perpetuate and exacerbate this inequality.13 Given

from 2007 to 2010, median wealth—the wealth of those in the middle—fell by almost 40 percent

So many problems in the world—political and economic tensions and hostilities—are related to the thought, "This is my nation, my country." In understanding that the concept is only the product of our own thought processes, we can begin to free ourselves from that attachment.

Precarity designates that politically induced condition in which certain populations suffer from failing social and economic networks of support and become differentially exposed to injury, violence, and death.

Until that moment of utterance, every objective analysis of economic production in Egypt would have concluded that the pain of the peasants is a necessary, normal, even natural arrangement of labor—the cost of doing business.

This exceptionalism is deeply present in American public rhetoric and every political leader must subscribe to it. Moreover, appeal to this exceptionalism as God's chosen people can cover a multitude of sins, for example, economic injustice and political oligarchy, all in the name of chosenness.

we may consider the sabbath as an alternative to the endless demands of economic reality, more specifically the demands of market ideology that depend, as Adam Smith had already seen, on the generation of needs and desires that will leave us endlessly "rest-less," inadequate, unfulfilled, and in pursuit of that which may satiate desire.

Believing that presidents have taxing and spending powers leaves Congress less politically accountable for our deepening economic quagmire. Of course, if you're a congressman, not being held accountable is what you want.

If economic power is centered outside national African boundaries, then political and military power in any real sense is also centered outside until, and unless, the masses of peasants and workers are mobilized to offer an alternative to the system of sham political independence. All

Contracts are records of voluntary exchanges. Labor contracts are voluntary exchanges of work for wages. Most people enter labor contracts-that is, get a job-because they need money. But, to radical feminists, this is "economic coercion." Because they believe the free market forces people to take jobs, they view it as a form of violence.

Senin kitlelerinle konu?uyorum ben, küçük devrimci; onlara küçük ya?amlar?n?n sefaletini gösteriyorum. Büyük bir heves ve umutla dinliyorlar beni. Senin örgütlerinde topla??yorlar, çünkü orada beni bulmay? umuyor onlar. Ama sen ne yap?yorsun? "Cinsellik bir küçük-burjuva uydurmacas?d?r," diyorsun. "Önemli olan ekonomik etkenlerdir.

The agent of economic theory is rational, selfish, and his tastes do not change.

System noise, that is, unwanted variability in judgments that should ideally be identical, can create rampant injustice, high economic costs, and errors of many kinds.

Labor in this country is independent and proud. It has not to ask the patronage of capital, but capital solicits the aid of labor.

The author points to the impact of what he called Dutch disease, where the discovery of found wealth from a particular commodity causes a culture to atrophy with respect to work ethic and broader development. Continuing wealth from the single commodity is taken for granted. The government, flush with wealth, is expected to be generous. When the price of that commodity drops, a government which would remain in power dare not cut back on this generosity.

Some cities have what I call a piñata problem: there is great wealth, but it's hanging from a high place, far away from the city commons. There are mansions on the outskirts of town filled with famous citizens, high-paid executives, and even a scattering of multinational CEOs. Meanwhile, the downtown could desperately use a capital influx but does not get one despite the opulence that encircles it.

Economic institutions shape economic incentives: the incentives to become educated, to save and invest, to innovate and adopt new technologies, and so on. It is the political process that determines what economic institutions people live under, and it is the political institutions that determine how this process works.

Inclusive economic and political institutions do not emerge by themselves. They are often the outcome of significant conflict between elites resisting economic growth and political change and those wishing to limit the economic and political power of existing elites.

NATIONS FAIL TODAY because their extractive economic institutions do not create the incentives needed for people to save, invest, and innovate. Extractive political institutions support these economic institutions by cementing the power of those who benefit from the extraction.