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Economic Quotes

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Economic Quotes

“Inevitably, people tell me that poor folks are lazy or unintelligent, that they are somehow deserving of their poverty. However, if you begin to look at the sociological literature on poverty, a more complex picture emerges. Poverty and unemployment are part and parcel of our economic order. Without them, capitalism would cease to function effectively, and in order to continue to function, the system itself must produce poverty and an army of underemployed or unemployed people.”

“A masterly analysis of how political interests, economic circumstances, development strategies, and local history have shaped what are surprisingly different versions of the welfare state across the developing world. The authors combine fine-grained country analyses with intelligent use of data, and explain and extend the theory and literature on the modern welfare state. The book is both scholarly and readable.”

“Lest those islands still seem to you too remote in space and time to be relevant to our modern societies, just think about the risks... of our increasing globalization and increasing worldwide economic interdependence.”

“But very early in life I became part of the majority culture and now don't think of myself as a minority. Yet the university said I was one. Anybody who has met a real minority - in the economic sense, not the numerical sense - would understand how ridiculous it is to describe a young man who is already at the university, already well into his studies in Italian and English Renaissance literature, as a minority.”