Quotessence
Home / Quotes / Quote by Arundhati Roy

Quote by Arundhati Roy

“Peace, Inc., is sometimes as worrying and War, Inc. It's a way of managing public anger. We're all being managed, and we don't even know it. The IMF and the World Bank, the most opaque and secretive entities, put millions into NGOs who fight against "corruption" and for "transparency." They want the Rule of Law--as long as they make the laws. They want transparency in order to standardise a situation, so that global capital can flow without any impediment. Cage the People, Free the Money. The only thing that is allowed to move freely--unimpeded--around the world today is money, capital.”

Quote by Arundhati Roy

Book:Things that Can and Cannot Be Said: Essays and Conversations
Create image

Work

Things that Can and Cannot Be Said: Essays and Conversations

Browse quotes and source details for this work. more

Author

Arundhati Roy
Arundhati Roy

Arundhati Roy is an Indian author best known for her novel 'The God of Small Things', which won the Booker Prize in 1997. Her works often explore social and political issues such as class, race, and gender. more

You May Also Like

“According to Robert S. McNamara, former president of the World Bank, without firm action to further reduce the population growth rate, world population will not stabilize below eleven billion. "At the national level," states McNamara, "rapid population growth translates into a steadily worsening employment future, massive city growth, pressure on food supplies, degradation of the environment, an increase in the number of 'absolute poor,' and a stimulus to authoritarian government.”

PoliticsPopulation GrowthPopulation ControlWorld Bank
Book:Christ's Victorious Kingdom
Create image

“This book is an essay in what is derogatorily called "literary economics," as opposed to mathematical economics, econometrics, or (embracing them both) the "new economic history." A man does what he can, and in the more elegant - one is tempted to say "fancier" - techniques I am, as one who received his formation in the 1930s, untutored. A colleague has offered to provide a mathematical model to decorate the work. It might be useful to some readers, but not to me. Catastrophe mathematics, dealing with such events as falling off a height, is a new branch of the discipline, I am told, which has yet to demonstrate its rigor or usefulness. I had better wait. Econometricians among my friends tell me that rare events such as panics cannot be dealt with by the normal techniques of regression, but have to be introduced exogenously as "dummy variables." The real choice open to me was whether to follow relatively simple statistical procedures, with an abundance of charts and tables, or not. In the event, I decided against it. For those who yearn for numbers, standard series on bank reserves, foreign trade, commodity prices, money supply, security prices, rate of interest, and the like are fairly readily available in the historical statistics.”

EconomicsFinanceStatisticsEconometrics
Book:Manias, Panics, and Crashes: A History of Financial Crises
Create image

“As Thorstein Veblen correctly surmised over a century ago, the failure of economics to become an evolutionary science is the product of the optimizing framework of the underlying paradigm, which is inherently antithetical to the process of evolutionary change. This is the primary reason why the neoclassical mantra that the economy must be perceived as the outcome of the decisions of utility-maximizing individuals must be squarely rejected.”

EconomicsStupid People2009Neoclassical EconomicsRational Self Interest
Book:Adbusters #84 Pop Nihilism
Create image

“An essential pedagogic step here is to relegate the teaching of mathematical methods in economics to mathematics departments. Any mathematical training in economics, if it occurs at all, should come after students have at the very least completed course work in basic calculus, algebra and differential equations (the last being one about which most economists are woefully ignorant). This simultaneously explains why neoclassical economists obsess too much about proofs and why non-neoclassical economists, like those in the Circuit School, experience such difficulties in translating excellent verbal ideas about credit creation into coherent dynamic models of a monetary production economy.”

EconomicsMathematics2009Neoclassical Economics
Book:Adbusters #84 Pop Nihilism
Create image

“Neoclassical economics has effectively insulated itself from the great advances made in science and engineering over the last 40 years. This self-imposed isolation must come to an end. For while the concepts of neoclassical economics appear difficult, they are actually quaint in comparison to the sophistication evident in today's mathematics, engineering, computing, evolutionary biology and physics. In order to advance, economics must humbly submit to learning from disciplines that it has studiously ignored for so long. Some researchers in outside fields have called for the wholesale replacement of standard economics curricula, using at least the building blocks of modern thought inherent in other disciplines.”

EconomicsBehavioral Economics2009Neoclassical Economics
Book:Adbusters #84 Pop Nihilism
Create image