Home / Quotes / Quote by Jim Stanford

Quote by Jim Stanford

“Proving that profit is economically and morally justifiable, rather than the result of exploitation, has been a central preoccupation of neoclassical economists.”

Quote by Jim Stanford

Author

Jim Stanford is an economist born on March 3, 1961. He has made significant contributions to the field of economics, particularly in labor economics and macroeconomic policy. more

You May Also Like

“Employers crave the power to fire workers whose performance is judged inferior-not just to get rid of those particular workers, but more importantly to motivate and discipline the rest of the workforce.”

Fire Particular Discipline Performances Workers Judged Inferiors Crave Employers Workforce

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“I think the most productive thing to do during times of change is to be your best self, not the best version of someone else.”

Thinking Self Versions Things To Do Productive Best Self Be Your Best

Author:Seth Godin

“Kalecki thus precisely predicted the economic and political U-turn that occurred with the advent of neoliberalism. Kalecki also argued that fundamental institutional changes, especially regarding wage-setting and other aspects of the employment relationship, would be essential if full employment was to be sustained.”

Ifs Would Be Political Turns Economic Essentials Aspect Fundamentals Setting Settings Employment Advent Neoliberalism

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ... In developed capitalist economies, private consumption spending accounts for half or more of GDP.”

Important Half Economy Economic Accounts Function Productions Spending Capitalist Household Consumption Gdp Capitalist Economy

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“Like a forensic accountant trying to solve a corporate fraud, following the trail of money around the circle is a good way to understand what actually happens as capitalism unfolds.”

Way Trying Happens Capitalism Following Solve Circles Corporate Fraud Trails Good Way Accountants Forensics

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“Competition-ruthless, unforgiving, to-the-death competition-is a crucial feature of capitalism.”

Capitalism Competition Features Crucial Ruthless Unforgiving

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“We know that investment causes growth. But it is also true that growth causes investment.”

Knows Causes Growth Investment

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day (a very high wage at the time) so they could afford to buy the same cars they made, is often invoked.”

Made Car Argument Foundation Trade Workers Be Good Labour Wages Precedent

Author:Jim Stanford

“One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.”

People Social Wealth Existence Poverty Millions Economy Economic Terrible Capitalism Endure Incredibles Extremes Despite Continuing Deprivation Extreme Poverty

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“Try this: say the words "global, global, global" aloud several times, as fast as you can. You'll find yourself sounding like a turkey ("gobble, gobble, gobble").”

Trying Finding Yourself Turkeys

Author:Jim Stanford