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Economic Quotes

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Economic Quotes

“The world is now unipolar and contains o­nly o­ne superpower. Canada shares a continent with that superpower. In this context, given our common values and the political, economic and security interests that we share with the United States, there is now no more important foreign policy interest for Canada than maintaining the ability to exercise effective influence in Washington so as to advance unique Canadian policy objectives.”

WorldImportantStatesPoliticalValuesGivenInterestAbilityUnitedCommonUnited StatesShareInfluenceEconomicSecurityPolicyExerciseUniqueObjectivesCanadaForeign PolicyContinentsMaintainingSuperpower
Author:Stephen Harper
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“I thought that, given the system of rewards central to our economic system, in which profit maximization is valued above all else and specifically above life, it is probably just as irresistible to the owners of capital (human or otherwise) to exploit workers (and the land): "Nothing personal," they say as they load their property onto the ship bound for the Middle Passage, "but a man's gotta turn a dime."”

MenHumansTurnsGivenEconomicLandMiddlePropertyRewardsWorkersBoundsProfitShipsOwnersPassagesLoadExploitsIrresistibleDimesEconomic SystemsMiddle PassageProfit Maximization
Book:The Culture of Make Believe
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“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.”

LongImportantWisdomRunningYoungTurnsCoursesPoliticsIndividualGivenAnswersMoralEconomyEconomicEventsYouthCircumstancesInstitutionsFinancialDetermineConvictionFinanceLiberalismLong RunsEldersFramework
Book:Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals
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“It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.”

Has BeensAbleCoursesPoliticsGivenNaturalEconomyEnvironmentEconomicDemandResourcesRegardEntrepreneurIncludingProductionsTechniqueFactorsLiberalismLabourSoleUnitsEquipmentAssistantsNatural ResourcesEconomic SystemsFactors Of Production
Book:General Theory Of Employment , Interest And Money
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“The Federal Reserve is the overlord of the money supply. If these two are not steering in the same direction, they can either neutralize each other or have the economy lurching in all directions. This is not a rational system for setting economic policy. It has given us trouble in the past, as the text will establish, and will inevitably in the future.”

IfsTwoPastPoliticsGivenEconomyTroubleEconomicPolicySettingRationalSettingsLiberalismReservesFederal ReserveEconomic PolicySteering
Author:Wright Patman
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“All I am asking is that we follow the golden rule: "Do unto others as you would have them do unto you." This is fundamentally a moral issue, not an economic issue. Given what we know now, it is simply unethical to impose risk of grave damage on future generations just so that we can have a few more consumer products today.”

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Author:Ken Caldeira
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“...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract,... governments are fast rendering impossible a continuance of the social and economic order of the nineteenth century.”

GovernmentOrderGivenSocialClassImpossibleEconomicCenturySecurityHatredEntrepreneurInvestingBlowViolentContractsSocial SecurityArbitraryNineteenth CenturyDisturbanceCombiningRenderingContinuanceEconomic Order
Book:The Economic Consequences of the Peace: The classic text on the Treaty of Versailles and post war Europe
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“Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.”

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Book:The Renaissance of value: the proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs common stocks, September 18, 1974
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“In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it by economic or social theorists. In economic theory, especially, the subject is almost completely ignored. This is not, I think, because economists regard mankind as basically selfish or even because economic man is supposed to act only in his self-interest; it is rather because economics has essentially grown up around the phenomenon of exchange and its theoretical structure rests heavily on this process.”

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Author:Kenneth E. Boulding
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“Reality is much more complex than any judgment of right and wrong encourages you to believe. When you really understand the ethical, spiritual, social, economic, and psychological forces that shape individuals, you will see that people's choices are not based on a desire to hurt. Instead, they are in accord with what they know and what world views are available to them. Most are doing the best they can, given what information they've received and what problems they are facing.”

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Author:Michael Lerner
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“The Idea of Anti-imperialism is... to be considered on several grounds. First, it is traditionally pervasive in the United States, though given its most extreme form in anti-Western academe. Second, it is used as a negative label for any effort by the United States, or the West, to encourage liberties, to block fanaticisms, and to make aid dependent on positive economic policies. Those concerned with the future development of their countries, and of the world, cannot afford to let obsolete resentments distort their aims.”

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Author:Robert Conquest
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“All fundamentalist theologians make the ordinances of creation an essential part of creation and absolutize them. Women belong at home, fulfil their life through motherhood, by caring for their husbands and serving them. The fixed role pattern of one particular economic and family order is transformed into an order willed by God and given by creation. With a methodologically similar logic, slaves were understood as those elected by God to serve the whites.”

HomeOrderGivenRolesEconomicCreationParticularHusbandEssentialsUnderstoodLogicSlavePatternsCaringMotherhoodFixedServingTransformedTheologianFundamentalistOrdinances
Author:Dorothee Solle
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“For the moment a lot of attention is given to economic concerns, and these problems at hand easily eclipse all others. But the remedies proposed for these problems all come out of outmoded ways of thinking... The remedy? Compassion. The logical feeling that we find in ourselves if we search deeply enough that has to be exercised toward all other living creatures.”

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Author:Dalai Lama
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“Unemployment in the sense of distress is widely disappearing. . . . We in America today are nearer to the final triumph over poverty than ever before in the history of any land. The poor-house is vanishing from among us. We have not yet reached the goal, but given a change to go forward with the policies of the last eight years, and we shall soon with he help of God be in sight of the day when poverty will be banished from this nation. There is no guarantee against poverty equal to a job for every man. That is the primary purpose of the economic policies we advocate”

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Author:Herbert Hoover
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“There is one bit of advice given us by the ancient Greeks, and by the Jews in the Old Testament, and by the great Christian teachers of the Middle Ages, which the modern economic system has completely disobeyed. All these people told us not to lend money at interest; and lending money at interest - what we call investment - is the basis of our whole system.”

PeopleWholeAgeChristianGivenBitsInterestTeacherEconomicModernMiddleAdviceBasesInvestmentAncientJewGreekTestamentMiddle AgesOld TestamentEconomic SystemsLendingAncient GreekGreat ChristianLending MoneyChristian Teachers
Book:The Complete C. S. Lewis Signature Classics
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“When you look at police violence, over the last three or four years, whether you call it a social, economic or racial thing, these are the guys that we're supposed to trust. These are the guys who are given these guns and weapons to protect us. Not to use them upon us, but to protect us, and they can't even get it right. So, if they can't get it right, how can you fault a society for fearing them, and fearing them in a way that makes them want to take up arms and fight back.”

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Author:Edwin Hodge
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