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Economic Quotes

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Economic Quotes

“We in the West have arranged our institutions to prevent the concentration of political power. … But we have failed utterly to prevent the concentration of economic power, or take account of how such concentration damages the conditions under which full human flourishing becomes possible (it is never guaranteed).”

Humans Political Economic Conditions Accounts Institutions West Damage Concentration Political Power Flourishing Economic Power

Book:Shop Class as Soulcraft: An Inquiry into the Value of Work

Source: Shop Class as Soulcraft: An Inquiry into the Value of Work

“Yet if anyone cares to read over the now crumbling minutes giving an account of the meetings at which the Italian Fasci di Combattimento were founded, he will find not a doctrine but a series of pointers... It may be objected that this program implies a return to the guilds (corporazioni). No matter!... I therefore hope this assembly will accept the economic claims advanced by national syndicalism.”

Ifs Giving May Matter Care Accepting Economic Minutes Return Program Economics Accounts Claims Meetings Series Doctrine Italian Fascism Assembly Crumbling Guilds Pointers

Author:Benito Mussolini

“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

“Further, economic systems ... have never arranged themselves by themselves. It is men who do the ordering according to their attitudes, desires and understanding of things. Changes take place, not independent of man's will, but on account of man's wills. Civilization has progressed by man's interference with material conditions.”

Men Giving Desire Understanding Attitude Atheism Economic Conditions Materials Civilization Accounts Importance Independent Positive Atheism Primaries Things Change Interference Economic Systems

Author:Goparaju Ramachandra Rao

“Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent. It's not just about empowering women, it's about economic growth. Unless we can make access to finance easier for women in their businesses, we will be missing out on a significant portion of growth within our economies”

“One cannot use with impunity the different categories of beings-animals, plants, the natural elements-simply as one wishes, according to economic needs. One must take into account the nature of each being and its mutual connection in an ordered system, which is the cosmos.”

Needs Different Use Wish Natural Animal Economic Elements Connections Accounts Plant Environmental Cosmos Mutual Categories Stewardship Impunity Natural Elements

Author:Pope John Paul II

“People must understand the Clean Ganga program, as an economic activity also. The Gangetic plains account for 40% of our population. They have over one hundred towns, and thousands of villages.”

People Economic Activity Hundred Empowerment Program Accounts India Towns Clean Population Village

Author:Narendra Modi

“For the individual, as I can testify, a brief grounding in semantics, besides making philosophy unreadable, makes unreadable most political speeches, classical economic theory, after-dinner oratory, diplomatic notes, newspaper editorials, treatises on pedagogics and education, expert financial comment, dissertations on money and credit, accounts of debates, and Great Thoughts from Great Thinkers in general. You would be surprised at the amount of time this saves.”

Source: Tyranny of Words

“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.”

Way Years Real Seems Interest Differences Pay Economic Periods Taxes Percent Accounts Income Saving Zero Inflation Savings Outrageous Widows Income Tax

Author:Warren Buffett

“There is no difference in a country between military, economic, and political affairs. It's useful for Business Insider to divide things that way. That's useful for a college program. But a country is a country. How do you understand China's economy without China's army? If you take these all into account you're ready to explain a question like, "How come the US doesn't have a debt problem?"”

Ifs Way Country Problem Political Differences Economy Economic Military College Ready Program Accounts Army Affair China Debt Divides Insiders

Author:George Friedman

“Venture capital is about .02% of the U.S. economy invested, and it accounts for 11% of total U.S. jobs and 21% of U.S. economic output. And the reason why is because these companies can get very big, very quickly.”

Reason Bigs Jobs Company Economy Economic Accounts Reason Why Venture Output Venture Capital

Author:Juan Enriquez