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Economic Quotes

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Economic Quotes

“Wherever we turn we find that the real obstacles to peace are human will and feeling, human convictions, prejudices, opinions. If we want to get rid of war we must get rid first of all of its psychological causes. Only when this has been done will the rulers of the nations even desire to get rid of the economic and political causes.”

Source: Ends and Means: An Inquiry into the Nature of Ideals

“But would the young do any better under the same circumstances? Will they do any better when their turns come? The answer is that youth would not and cannot, given the financial and economic framework within which the elders are operating. While the moral convictions of individuals are important in the long run, it is institutions that determine the immediate course of events - particularly the institutions of finance.”

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

“In what touches their social convictions, most persons do not think. The threat of change, with all it suggests to them in the loss of social and economic privilege, alarms so deeply that they are incapable of unprejudiced thought. They seem to themselves to be thinking, with lucidity and fairness, but since they start from the conviction that change must undoubtedly be for the worse or from settled grief at the thought of losing what is old and lovely, they are doing no more than following a logical sequence of ideas from a false premise.”

Thinking Persons Ideas Seems Social Loss Grief Economic Losing Threat Privilege Following Conviction Lovely Logical Fairness Incapable Sequence Premises Alarms Lucidity

Author:Storm Jameson

“It requires something more than personal experience to gain a philosophy or point of view from any specific event. It is the quality of our response to the event and our capacity to enter into the lives of others that help us to make their lives and experiences our own. In my own case my convictions have derived and developed from events in the lives of others as well as from my own experience. What I have seen meted out to others by authority and repression, economic and political, transcends anything I myself may have endured.”

Source: Red Emma Speaks: An Emma Goldman Reader

“I'm a capitalist by conviction and profession. I believe the best economic system is one that rewards entrepreneurship and risk-taking, maximizes customer choice, uses markets to allocate scarce resources and minimizes the regulatory burden on business.”

Believe Use Choices I Believe Risk Economic Resources Rewards Conviction Burden Customers Profession Entrepreneurship Capitalist Scarce Risk-taking Economic Systems Scarce Resources

Author:Gary Hamel

“I have been gradually coming under the conviction, disturbing for a professional theorist, that there is no such thing as economics - there is only social science applied to economic problems.”

Has Beens Problem Social Economic Economics Conviction Disturbing Social Science Theorists Economic Problems

Author:Kenneth E. Boulding