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Quote by Bangambiki Habyarimana

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Bangambiki Habyarimana

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“Men tillige med denne U-ligheds Ophævelse, forsvandtes all Æmulation; saa at de, som tilforn havde søgt at distingvere sig ved Videnskab og Flittighed, for at nyde de Embeder, som vare best aflagde, bleve lunkne i deres Studeringer; og, naar nogen bebreydede dem saadant, svarede de: Hvad nytter det, at vi distingvere os blant andre, naar Belønningerne ere lige?og havde de derudi ikke U-ret.”

CompetitionMarket EconomyNiels Klim
Book:Epistler
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“For the greater part of human history, and in places in the world today, common resources were the rule. But some invented a different story, a social construct in which everything ins a commodity to be bought and sold. The market economy story has spread like wildfire, with uneven results for human well-being and devastation for the natural world. But it it just a story we have told ourselves and we are free to tell another, to reclaim the old one.”

CommodityMarket EconomyCommon Resources
Book:Braiding Sweetgrass: Indigenous Wisdom, Scientific Knowledge, and the Teachings of Plants
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“The focus on the market has made most economists neglect vast areas of our economic life, with significant negative consequences for our well-being. The neglect of production at the expense of exchange has made policy-makers in some countries overly complacent about the decline of their manufacturing industries. The view of individuals as consumers, rather than producers, has led to the neglect of issues such as the quality of work (e.g., how interesting it is, how safe it is, how stressful it is and even how oppressive it is) and work-life balance. The disregard of these aspects of economic life partly explains why most people in the rich countries don’t feel more fulfilled despite consuming the greatest ever quantities of material goods and services. The economy is much bigger than the market. We will not be able to build a good economy — or a good society — unless we look at the vast expanse beyond the market.”

EconomicsMarketsMarket EconomyMarket
Book:Economics: The User's Guide
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“Self-centrism creates another problem on the response side. The problem with commercially motivated technological change is that if it does not make good business, the idea does not see its growth. Sanitation and clean water is still a problem in localities where everyone has 4G connection and mobile wallet accounts. Commercially motivated research is more intensely pursued than socially urgent ones. Technological improvements to ease sanitation, bring clean water and achieve recycling are given less attention than telecommunication and digital financial services which are commercially more profitable ventures.”

ReligionValuesMoralityEthicsGreedSelf InterestMarket EconomyProfit Maximization
Book:Reflections on the Origins in the Post COVID-19 World
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“Education geared to industry demands has also got into the trap of producing commercial technologists for corporations. These corporations are not built for social responsibility in free-market capitalism. Milton Friedman said the biggest and only responsibility of a corporation is to increase shareholders’ wealth. If these corporations do research and find a vaccine eventually that costs $1,000, then those who are not able to afford it would be regarded by mainstream economists as having less willingness to pay. For the poor, it is not a choice, but a helpless situation. But, poor having less budget for essential needs is a problem that we do not start our economics textbooks with.”

ScienceReligionEthicsEconomicsSelf InterestMarket EconomyNeoclassical Economics
Book:Reflections on the Origins in the Post COVID-19 World
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“In the earlier era, the subject of economics was geared to human needs. Now, the prime emphasis is on market behaviour and market outcomes based on choices under uncertainty and scarcity. The emphasis on choice behaviour subtly and inadvertently makes economics and most of its contents largely irrelevant for poor people.”

EconomicsSelf InterestMarket EconomyInvisible HandSelfish GeneNeoclassical Economics
Book:Reflections on the Origins in the Post COVID-19 World
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“Mankiw’s famous quote was ‘People react to incentives, all else is just explanation’. However, poor people are helpless. They do not have or face a willingness to pay choice in helpless scenarios. A literal application of definition of demand would imply that the poor people do not have demand for the essential goods. Their wants are not backed up by purchasing power. Economics does not differentiate between essential and non-essential wants. If a rich person demands golf course in a locality near a big population of homeless people, then, the golf course will be built first if he can afford it. Are poor willing to give fewer dollar votes by choice to buy the essential needs? Is it their conscious and sovereign decision?”

ReligionValuesEconomicsMarket EconomyInvisible HandNeoclassical EconomicsSocial Economics
Book:Reflections on the Origins in the Post COVID-19 World
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