Quotes About Economic

Differences in habits and attitudes are differences in human capital, just as much as differences in knowledge and skills—and such differences create differences in economic outcomes.

Only after that political support is strong enough to cause fallacious ideas to become government policies and programs are the missing or ignored factors likely to lead to "unintended consequences," a phrase often heard in the wake of economic or social policy disasters.

voluntary economic transactions—whether between employer and employee, tenant and landlord, or international trade—would not continue to take place unless both parties were better off making these transactions than not making them.

The Chinese in the Philippines are among the many productive groups whose economic success has led to violent backlashes.

These were neither the first nor the last times when statistical disparities led people to jump to conclusions about villainy being the cause. False assumptions as to causation are more than intellectual errors, and their consequences go far beyond economic losses.

As world prices fell during the Great Depression, the poll tax imposed on Africans remained the same in money terms, which is to say, it increased in real terms. To ensure the payment of this tax, the colonial official pressured African farmers into growing larger export crops, even at the expense of food. Thus Africans had to depend on government famine relief when local food crops were disappointing.

This has often been carried to the point of encouraging lagging groups to proudly cling to their own culture, or even resurrect it in some cases, with little concern that these groups' economic and educational lags might be— at least in part— a result of the cultures they were being encouraged to cling to.

More generally, confidence that an investment of labor and resources could claim its reward-whether at harvest time or when dividends were issued years later-has been crucial to the economic efforts which create national prosperity.

Britain's earlier development of strong and widespread labor unions, which were able to restrict the application of new technology, both directly and by appropriating a sufficient share of technology's economic benefits to reduce the incentives for further technological investment.

What the British had earlier than many other peoples was a framework of law and government that facilitated economic transactions.

Complex and time-consuming international economic transactions, including long-term investments, are particularly dependent on a reliable framework of law, so that changes of government policy or of individuals in power, do not create large uncertainties as to whether commitments will be honored or foreigners treated on an equal plane with the natives involved in commercial and financial transactions.

In no society have all regions and all parts of the population developed equally. Fernand Braudel

nineteenth century economic development was the development of continents instead of coast lines.98

To me, "queerness" is an alienation from a heteronormative code that governs bodies, genders, and their processes — sexuality, birth, death, and inheritance — in order to preserve social, economic, and political power for those who have it [and] to continue it into future generations.

Health disparities like poverty feed off established social and economic structures that determine the distribution of power and resources. What's worse, inequality turns diversity into disparity. For someone who belongs to multiple communities that experience health disparities, these disparities do not simply add up: They multiply.

The top 1 percent of all U.S. households owns 38.3 percent of all stocks. The top 10 percent owns roughly 81 percent. The bottom 90 percent owns just over 18 percent of the stocks held by households in the United States (Table 11.5). Fully 50 percent of U.S. households own no stocks. Even among those who do hold stocks, most own them through pension and retirement funds, where they are not accessible for general use.

We need to articulate a different view of economic, political, and spiritual affairs—a view that is not primarily Left or Right, that is not wrapped around the primacy of this mechanism or that one, that doesn't believe that the solution to our problems lies with Big Government, Big Corporations, Big Money, or Big Ideology.

Eight days later he sent to Congress the most sweeping bill for civil rights up to that time, and urged it 'not merely for reasons of economic efficiency, world diplomacy and domestic tranquility—but above all because it is right.

By the power elite, we refer to those political, economic, and military circles which as an intricate set of overlapping cliques share decisions having at least national consequences. In so far as national events are decided, the power elite are those who decide them.

FDR rejected Hamilton's focus on the needs of an economic elite in favor of «jefferson's focus on the needs and interst of the common man. Pursuing the American Dream, 6, 175

Our work culture's shift toward the shallow (whether you think it's philosophically good or bad) is exposing a massive economic and personal opportunity for the few who recognize the potential of resisting this trend and prioritizing depth—

Within the U.S., the Obama presidency will be mainly measured by the success or failure of his economic policies. And here, I fear, the monstrous stimulus package with which this administration stumbled out of the gate will prove to be Obama's Waterloo.

Capitalism has its weaknesses. But it is capitalism that ended the stranglehold of the hereditary aristocracies, raised the standard of living for most of the world and enabled the emancipation of women.

Some foreign states will act against a dictatorship only to gain their own economic, political, or military control over the country.