“As a former member of President Obama's economic team, I have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.” PresidentTeamEconomicMonthsMembersSpotsFormerPresident ObamaLegislationStimulusInauguration Author:Christina Romer
“We see that there are two different kinds of...societies: (a) parasitic societies and (b) producing societies. The former are those which live from hunting, fishing, or merely gleaning. By their economic activities they do not increase, but rather decrease, the amount of wealth in the world. The second kind of societies, producing societies, live by agricultural and pastoral activities. By these activities they seek to increase the amount of wealth in the world.” WorldKindTwoDifferentWealthEconomicAmountActivityIncreaseFormerFishingLive ByHuntingDifferent KindsDecreaseGleaning Book:The evolution of civilizations: an introduction to historical analysis Source: The evolution of civilizations: an introduction to historical analysis
“Every day I get letters from people thanking me for helping them to become successful, whether because of their personal growth or because of economic rewards. A few of my former students have even become millionaires.” PeopleHelpingGrowthSuccessfulEconomicStudentsBuddhismLettersPersonal GrowthRewardsFormerMillionaireRamaBecoming SuccessfulFormer Students Author:Frederick Lenz
“The nation as such is not a large subject that has needs, that works, practices economy, and consumes. . . . Thus the phenomena of “national economy” . . . are, rather, the results of all the innumerable individual economic efforts in the nation and . . . must also be theoretically interpreted in this light. . . .Whoever wants to understand theoretically the phenomena of “national economy” . . . must for this reason attempt to go back to their true elements, to the singular economies in the nation, and to investigate the laws by which the former are built up from the latter.” WantNeedsReasonLightLawIndividualNationsResultsEffortPracticeEconomyEconomicSubjectsElementsBuiltFormerLatterNational Economy Author:Ralph Raico
“Even philosophies who have denounced pseudosciences like psychoanalysis, have condoned pseudoscientific economic theories like neoclassical microeconomics. It is far safer and easier to criticize Freud and Jung than to criticize Milton Friedman and Friedrich Hayek, because the latter are backed by political movements whereas the former are not.” PhilosophyPoliticalEconomicMovementTheoryEasierFormerLatterCriticizePsychoanalysisPseudoscienceMiltonJungPolitical MovementsHayekEconomic TheoryFriedrich HayekMicroeconomics Author:Mario Bunge
“Anybody who imagines that an election can be won under these circumstances by banging on about William Ayers and Jeremiah Wright is ... to put it mildly ... severely under-estimating the electoral importance of pocketbook issues. We conservatives are sending a powerful, inadvertent message with this negative campaign against Barack Obama's associations and former associations: that we lack a positive agenda of our own and that we don't care about the economic issues that are worrying American voters.” CarePowerfulWorryIssuesImagineEconomicCircumstancesMessagesNegativeImportanceElectionDon't CareCampaignsFormerBarackAgendasVotersAssociationImagine ThatBangingEconomic IssuesAmerican VotersPocketbooksJeremiahEstimating Author:David Frum