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Economic Quotes

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Economic Quotes

“Capitalism works better from every perspective when the economic decision makers are forced to share power with those who will be affected by those decisions.”

Decision Power Share Economic Perspective Capitalism Affected Makers Engagement Decision Makers

Author:Barney Frank

“Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.”

States Government Political Certain Results Money Existence Power Economic Products Authority Economics Independent Invention Commodity Legislation Sanctions

Author:Carl Menger

“Man has existed for about a million years. He has possessed writing for about 6,000 years, agriculture somewhat longer, but perhaps not much longer. Science, as a dominant factor in determining the belief of educated men, has existed for about 300 years; as a source of economic technique, for about 150 years. In this brief period it has proved itself an incredibly powerful revolutionary force. When we consider how recently it has risen to power, we find ourselves forced to believe that we are at the very beginning of its work in transforming human life.”

Source: The Impact of Science On Society

“The clinical definition of "fascism" is when private concentrated economic power takes government away from the people, turns government into a guarantor, a subsidizer, a covering of corporate power.”

People Government Turns Power Economic Definitions Corporate Fascism Covering Clinicals Economic Power

Author:Ralph Nader

“Democracy can hardly be expected to flourish in societies where political and economic power is being progressively concentrated and centralized. But the progress of technology has led and is still leading to just such a concentration and centralization of power.”

Stills Political Technology Power Democracy Progress Economic Capitalism Expected Novelists Concentration Flourishing Economic Power Centralization

Book:Complete Essays: 1956-1963, and supplement, 1920-1948

Source: Complete Essays: 1956-1963, and supplement, 1920-1948

“One must not allow oneself to skid down to isolationism and unbridled economic egoism. ... The second possible mistake would be excessive interference into the economic life of the country. And the absolute faith into the all-mightiness of the state.”

Country States Would Be Mistake Responsibility History Power Economic Honesty Capitalism Economics Absolutes Oneself Debt Socialism Taxation Egoism Interference Isolationism

Author:Vladimir Putin

“I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.”

“Frankly speaking, we all know that provoking military and political instability, regional, and other conflicts is a helpful means of distracting the public from growing domestic social and economic problems in certain countries. Such attempts cannot be ruled out, unfortunately.”

“Only the power of unbounded love practiced in regard to all human beings can defeat the forces of interhuman strife, and can prevent the pending extermination of man by man on this planet. Without love, no armament, no war, no diplomatic machinations, no coercive police force, no school education, no economic or political measures, not even hydrogen bombs can prevent the pending catastrophe.”

Source: The Ways and Power of Love: Types, Factors, and Techniques of Moral Transformation

“By the power elite, we refer to those political, economic, and military circles which as an intricate set of overlapping cliques share decisions having at least national consequences. In so far as national events are decided, the power elite are those who decide them.”

Political Decision Power Share Economic Military Events Consequence Decided Circles Elites Intricate Clique Overlapping

Book:The Power Elite

Source: The Power Elite

“There is a great difference, then, between "power" and "authority." Power refers to one's ability to coerce others (through physical, economic, or other means) to do one's bidding. One can possess the means of power: physical strength, armaments, and money. But authority must be performed. Authority refers to one's ability to gain the trust and willing obedience of others. While power rests on intimidation, authority survives through inspiration.”

Mean Inspiration Differences Ability Power Economic Willing Authority Gains Obedience Intimidation Armament Bidding Coerce Physical Strength

Book:No Sense of Place: The Impact of Electronic Media on Social Behavior

Source: No Sense of Place: The Impact of Electronic Media on Social Behavior