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Economic Quotes

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Economic Quotes

“Political monopoly and economic monopoly are two sides of the same coin, two heads of the same monster. Despite all the claims to the contrary, the essential ideology of Neo-Conservatism is to preserve the status quo, with all of its injustices. Its public relations experts call for "freedom and democracy" without a framework of higher values. They fail to comprehend the need for a paradigm of justice and therefore are blind to what concerns most of the people in the world. This failure is the taproot of terrorism.”

“The mandate entails a generous synthesis of civil, political, economic, social and cultural rights. The title requires the expert to be truly independent, keep an open mind, conduct his/her research objectively and without ideological prejudices, listen to all sides of an argument and seek the opinion of all stakeholders. The essence of an independent expert is not merely his/her expertise - which must be considered a given - but the faculty of thinking outside the box, while rigorously respecting the terms of reference laid down in the resolution establishing the mandate, and observing the code of conduct of rapporteurs.”

“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.”

“We've got to be prepared to stop these guys if they ever try to use their economic power once again, to hurt the economy, and to hurt so many Americans. And my plan, Paul Krugman, Barney Frank, a lot of experts who understand what the new challenges might be, have said I am exactly on point, and the Wall Street guys actually know that.”

“According to the management expert Peter F. Drucker, the term "entrepreneur" (from the French, meaning "one who takes into hand") was introduced two centuries ago by the French economist Jean-Baptiste Say to characterize a special economic actor-not someone who simply opens a business, but someone who "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield." The twentieth-century growth economist Joseph A. Schumpeter characterized the entrepreneur as the source of the "creative destruction" necessary for major economic advances.”