“The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist.” ChallengesEconomicCitizensOffersBehaviorCompetitionComplexesPatternsCooperationDelicateEconomistPhysicistIntricateChemistStockholm Author:George Stigler
“The notion that a society could be regulated entirely by market forces is a utopian fantasy: an impossible dream generated by imagining what the world would be like if everyone's behavior was utterly consistent with some abstract moral ideal-in this case, economic theories that assume all human action is based on calculating, systematic, (but scrupulously law-abiding), greed.” IfsWorldHumansDreamWould BeActionLawForceMoralCasesFantasyImpossibleEconomicTheoryBehaviorIdealsAssumingNotionGreedLibertarianAbstractConsistentAbidingSystematicUtopianCalculatingHuman ActionsEconomic TheoryImpossible Dream Author:David Graeber
“Many writers claim that nearly all crime is caused by economic conditions, or in other words that poverty is practically the whole cause of crime. Endless statistics have been gathered on this subject which seem to show conclusively that property crimes are largely the result of the unequal distribution of wealth. But crime of any class cannot be safely ascribed to a single cause. Life is too complex, heredity is too variant and imperfect, too many separate things contribute to human behavior, to make it possible to trace all actions to a single cause.” HumansHas BeensWholeShowsSeemsActionLife IsCausesWealthResultsClassPovertyEconomicConditionsSubjectsCrimeBehaviorClaimsPropertyComplexesEndlessStatisticsImperfectHuman BehaviorDistributionHeredityDistribution Of Wealth Author:Clarence Darrow
“Most of us still believe in the intrinsic value of nature, but I think the first century of the environmental/conservation movement demonstrated pretty clearly that this value cannot compel a civilization-wide shift toward sustainable behavior and enterprise when stacked up against the urgent economic and social needs of 7 billion people, most of whom are struggling to get out of poverty.” PeopleThinkingNeedsFirstsBelieveStillsValuesSocialPovertyStruggleEconomicCenturyMovementCivilizationBehaviorEnvironmentalWideBillionsEnterpriseConservationUrgentIntrinsic Value Author:Edward Norton
“Capitalism as a social order and as a creed is the expression of the belief in economic progress as leading toward the freedom and equality of the individual in a free and open society. Marxism expects this society to result from the abolition of private profit. Capitalism expects the free and equal society to result from the enthronement of private profit as supreme ruler of social behavior.” OrderIndividualBeliefSocialResultsProgressEconomicExpressionEqualBehaviorCapitalismProfitSupremeRulersCreedsMarxismAbolitionThis SocietySocial OrderSocial BehaviorEconomic ProgressFreedom And Equality Author:Peter Drucker
“In Stage I, divorces were not allowed, so men's [sexual] affairs did not put women's economic security in jeopardy; in Stage II, affairs could lead to divorce, so men's affairs did place women's economic security in jeopardy. We did not want political leaders who would be role models for behavior that would put women's economic security in jeopardy.” MenWantWould BePoliticalLeaderRolesEconomicStageSecurityBehaviorModelsAffairDivorceRole ModelsPolitical LeadersJeopardyEconomic Security Author:Warren Farrell
“Paradoxically, it has turned out that game theory is more readily applied to biology than to the field of economic behavior for which it was originally designed” GamesEconomicFieldsTheoryBehaviorBiology Book:Evolution and the Theory of Games Source: Evolution and the Theory of Games
“Economic transactions between national bodies who are at the same time the supreme judges of their own behavior, who bow to no superior law, and whose representatives cannot be bound by any considerations but the immediate interest of their respective nations, must end in clashes of power.” EndsBodyLawNationsInterestEconomicJudgingBehaviorBoundsSupremeSuperiorsConsiderationBowsRepresentativesClashTransactions Author:Friedrich August von Hayek
“Reclaim our environment from those who would destroy it with their predatory economic behavior.” EnvironmentEconomicBehaviorOur EnvironmentPredatory Author:Dennis Kucinich
“Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by three simple laws of nature. In fact, economists have 99 laws that capture 3 percent of behavior. Economics is a uniquely human endeavor.” HumansFactsLawSufferingThreeWishSimpleEconomicBehaviorPercentEconomicsInvestingEnvyPhysicsPsychologicalEndeavorCaptureDisorderEconomistLaws Of NatureCapturedPsychological Disorders Author:Andrew Lo
“Studios felt like Blu-ray was going to be the next panacea, and so they dumped the prices (of traditional DVDs) and devalued the product. That's a misreading of consumer behavior as well as a misreading of the economic environment.” WellsNextFeltEnvironmentEconomicProductsBehaviorStudiosTraditionalConsumersRaysDvdsDumpedPanaceaMisreading Author:Bill Mechanic
“Everybody has a gas-guzzling car because people like SUVs. They would like SUVs if they were hybrid vehicles that had the same horsepower and used less gasoline. Instead, what the auto manufacturers are doing is building SUVs that are hybrid vehicles that use the same amount of gasoline because they up the horsepower. That's a decision that they make to market irresponsible economic behavior. The American people like the SUVs, they have kids, they, they need them, they get around in them, but we have options.” PeopleIfsNeedsUseKidsUsedDecisionEconomicCarBuildingAmountBehaviorGasVehicleIrresponsibleHybridGasolineSuvsHorsepower Author:William J. Clinton
“Executives need to understand the economic benefits of trust dividend, especially when the behavior is real, not artificially or superficially created as PR to manipulate trust.” NeedsRealEconomicBehaviorBenefitsExecutivesManipulateDividends Author:Stephen Covey
“The great multinationals are unwilling to face the moral and economic contradictions of their own behavior - producing in low-wage dictatorships and selling to high-wage democracies. Indeed, the striking quality about global enterprises is how easily free-market capitalism puts aside its supposed values in order to do business. The conditions of human freedom do not matter to them so long as the market demand is robust. The absence of freedom, if anything, lends order and efficiency to their operations.” IfsHumansLongMatterFacesValuesOrderQualityMoralDemocracyEconomicConditionsDemandBehaviorLowsCapitalismAbsenceSellingOperationsEnterpriseContradictionDictatorshipEfficiencyFree MarketUnwillingRobustHuman FreedomMultinationalsFree Market Capitalism Author:William Greider
“The longer people receive economic assistance, the worse their social condition and behavior.” PeopleSocialEconomicConditionsBehaviorAssistanceSocial Conditions Author:James Cook
“And with the Occupy Movement, it's really ironic how the police come as representatives and enforcers of the powers that be, even though the people in the Occupy Movement are really on their side - not in terms of their behavior, but in terms of their economic status, in terms of who the police are in society and how much they're paid, and if you boil it down to the economics of it, the police should be out there marching with the Occupy Movement.” PeopleIfsShouldSidesTermEconomicMovementBehaviorEconomicsPaidPoliceIronicRepresentativesOccupy MovementEconomic Status Author:Oren Moverman