“There is a need for financial reform along ethical lines that would produce in its turn an economic reform to benefit everyone. This would nevertheless require a courageous change of attitude on the part of political leaders.” NeedsPoliticalTurnsLinesAttitudeLeaderEconomicProduceBenefitsFinancialReformCourageousEthicalNeverthelessPolitical LeadersEconomic Reforms Book:Care for Creation: A Call for Ecological Conversion Source: Care for Creation: A Call for Ecological Conversion
“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.” PeopleIfsLooksOrderLiteraturePoorPovertyEconomicProduceCapitalismFunctionArmyComplexesFolksCeaseLazyUnemploymentDeservingUnemployedParcelSociologicalUnintelligentEconomic OrderUnderemployed Author:Bob Torres
“Global trade has advantages. For starters, it allows those of us who live through winter to eat fresh produce year-round. And it provides economic benefits to farmers who grow that food.” YearsGrowsEconomicProduceBenefitsAdvantageTradeRoundsWinterFarmersStarters Author:David Suzuki
“It is one of the greatest economic errors to put any limitation upon production.We have not the power to produce more than there is a potential to consume.” WisdomPoliticsEconomyEconomicProduceErrorsProductionsLimitationLiberalism Author:Louis D. Brandeis
“The Obama administration's agenda of maximizing dependency involves political favoritism cloaked in the raiment of "economic planning" and "social justice" that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration's central activity - the political allocation of wealth and opportunity - is not merely susceptible to corruption, it is corruption.” PoliticalOpportunitySocialWealthJusticeResultsFailingEconomicProduceActivitySocial JusticeCorruptionPlanningSuperiorsAdministrationMeritAgendasManifestIncompetenceDependencySusceptibleMaximizingAllocationFavoritism Author:George Will
“The Golden Straitjacket is the defining political-economic garment of globalization. [...] The tighter you wear it, the more gold it produces.” PoliticalEconomicProduceGoldGoldenGlobalizationDefiningGarments Author:Thomas Friedman
“After any disturbance (such as two world wars coinciding with a period of growing economic and monetary incomprehensibility) we find our old concepts inadequate and look for new ones. But it unfortunately happens that the troubled times which produce an appetite for new ideas are the least propitious for clear thinking.” ThinkingWorldLooksTwoIdeasWarHappensClearGrowingEconomicProducePeriodsConceptsWar Of The WorldsAppetiteNew IdeasInadequateMonetaryDisturbanceTwo WorldsClear ThinkingTroubled Times Author:Rebecca West
“The issue here really is not whether international trade shall be free but whether or not it makes any sense for a country - or, for that matter, a region - to destroy its own capacity to produce its own food. How can a government, entrusted with the safety and health of its people, conscientiously barter away in the name of an economic idea that people's ability to feed itself? And if people lose their ability to feed themselves, how can they be said to be free?” PeopleIfsSaidIdeasCountryMatterGovernmentNamesLosesAbilityIssuesEconomicProduceCapacitySafetyTradeInternationalRegionsInternational Trade Author:Wendell Berry
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.” LittlesImportantCountryEarthHeavenGrowthPerfectLevelsEconomicProduceIncreaseRateContributionPhenomenonStabilitySteadyQuantityStableInflationModeratesRapidsFrameworkMonetaryOutputHeaven On EarthImportant Contributions Author:Milton Friedman
“When we reject unemployment as an economic instrument as we do and when we reject also superficial remedies, as socialists must, then we must ask ourselves unflinchingly what is the cause of high unemployment. Quite simply and unequivocally, it is caused by paying ourselves more than the value of what we produce. There are no scapegoats.” ValuesAsksCausesEconomicProduceInstrumentsRejectsRemedySuperficialUnemploymentScapegoat Book:Time and chance Source: Time and chance
“Serious research and development efforts are required to produce technologies, strategies, organizations, and trained personnel who can go into failed states, work with our allies and friends, and promote the political and economic reforms that will meet popular needs and reduce the sources of terrorism and conflict.” NeedsStatesPoliticalEffortTechnologyEconomicProduceSeriousSourceDevelopmentConflictResearchOrganizationStrategyTerrorismReformAlliesPersonnelResearch And DevelopmentEconomic Reforms Author:Wesley Clark
“The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce.” FirstsWisdomPoliticsPrinciplesEconomyEconomicProduceBuildingLiberalismSymmetryEconomic Power Author:Louis O. Kelso
“Coupled with Usury, Unrestricted Competition destroys the small man for the profit of the great and in so doing produces that mass of economically unfree citizens whose very political freedom comes in question because it has no foundation in any economic freedom, that is, any useful proportion of property to support it. Political freedom without economic freedom is almost worthless, and it is because the modern proletariat has the one kind of freedom without the other that its rebellion is now threatening the very structure of the modern world.” MenWorldKindWisdomPoliticalSupportEconomicModernProduceCitizensMassFoundationStructureCompetitionPropertyProfitProportionRebellionThreateningWorthlessModern WorldProletariatEconomic FreedomPolitical FreedomSmall ManUsuryUnfree Author:Hilaire Belloc
“Sociotropic voters with biased economic beliefs are more likely to produce severe political failures than are selfish voters with rational expectations.” PoliticalBeliefEconomicProduceExpectationsSelfishRationalVotersSevereBiased Author:Bryan Caplan
“We need to stop thinking about infrastructure as an economic stimulant and start thinking about it as a strategy. Economic stimulants produce Bridges to Nowhere. Strategic investment in infrastructure produces a foundation for long-term growth.” ThinkingNeedsLongGrowthTermEconomicProduceFoundationStrategyInvestmentBridgesLong TermInfrastructureStrategicStimulants Author:Roger McNamee
“The fascinating thing to a dispassionate observer about the structure of life in the Soviet Union is that in their efforts to produce an unknown that we may let its ideologists call Socialism the Communist dictators have produced a brutal approximation of monopoly Capitalism, a system that has all the disadvantages of our own, with none of the palliatives which come to us from surviving competition and from the essential division of economic and political power which has so far made it possible for the humane traditions of the Western world to continue.” WorldMayMadePoliticalPoliticsEffortEconomicProduceEssentialsCapitalismTraditionStructureCompetitionUnionsWesternSocialismMade ItCommunismFascinatingDivisionCommunistSovietBrutalDictatorSoviet UnionObserversMonopolySurvivingHumaneDisadvantagesPolitical PowerWestern WorldApproximationDispassionate Author:John Dos Passos
“The laws of thermodynamics restrict all technologies, man's as well as nature's, and apply to all economic systems whether capitalist, communist, socialist, or fascist. We do not create or destroy (produce or consume) anything in a physical sense- we merely transform or rearrange. And the inevitable cost of arranging greater order in one part of the system (the human economy) is creating a more than offsetting amount of disorder elsewhere (the natural environment).” MenHumansWellsLawOrderNaturalTechnologyEconomyEnvironmentGreaterEconomicProduceAmountCostCreatingInevitableCommunistDisorderCapitalistElsewhereSocialistFascistsNatural EnvironmentEconomic SystemsArrangingThermodynamics Author:Herman E. Daly
“One is not born, but rather becomes, a woman. No biological, psychological, or economic fate determines the figure that the human female presents in society; it is civilization as a whole that produces this creature, intermediate between male and eunuch, which is described as feminine.” HumansWholeBornFateEconomicFiguresProduceCivilizationCreaturesFemaleMalesDeterminePsychologicalFeminineEunuchs Book:The Second Sex Source: The Second Sex
“The left's inability to understand the most basic economic fact - that people need an incentive to produce - has caused the unnecessary deaths of tens of millions of people - mostly poor - in the last 75 years. But thanks to a politically corrupted media and educational system, their pigheaded pursuit of socialist fantasies goes on.” PeopleNeedsYearsFactsLastsLeftPoorMillionsFantasyEconomicMediaProduceGoes OnEducationalPursuitThanksSocialistUnnecessaryInabilityIncentivesEducational System Author:David Horowitz
“Capital investment in fixed assets that produce real goods is the actual driver of long term economic growth, and until slick financiers hijacked the country with 'new economy' mumbo-jumbo based on computer models and hype most Americans understood this.” LongRealCountryGrowthTermEconomyEconomicProduceComputerModelsUnderstoodInvestmentFixedLong TermGoodsDriversAssetsEconomic GrowthHypeSlickFinanciersCapital Investment Author:Richard Karn
“One of the most important features of our economic resources is their scarcity: land, labor, and capital goods factors are all scarce, and may all be put to various possible uses. The free market uses them 'productively' because the producers are guided, on the market, to produce what the consumers most need: automobiles, for example, rather than buggies.” NeedsMayImportantUseEconomicLandExampleProduceResourcesLaborVariousFactorsProducersConsumersFeaturesGoodsFree MarketAutomobileScarceScarcityLabor And CapitalEconomic Resources Author:Murray Rothbard
“What does 'economic justice' mean, except that you want something that someone else produced, without having to produce anything yourself in return?” WantMeanDoeJusticeEconomicProduceReturnWant SomethingEconomic Justice Author:Thomas Sowell
“If capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for all, regardless of whether a man was able or not, resourceful or not, diligent or not, thrifty or not, if capitalism put no premiums on resourcefulness and effort and not penalty on idleness or vice, it would produce only an equality of destitution.” IfsThinkingMenAbleEffortEconomicConditionsProduceOughtCapitalismConstantVicesPenaltiesIdlenessDiligentEconomic SystemsResourcefulResourcefulnessThriftyLiving Conditions Author:Milton Friedman
“From an economic perspective, women are treated unfairly: they perform 66 percent of the world's work and produce 50 percent of the food but they only earn 10 percent of the income and own 1 percent of the property.” WorldEconomicProducePerspectivePercentPropertyIncomeTreatedTreated Unfairly Author:Zainab Salbi
“The foundations of liberty are private property and the rule of law; this system guarantees the fewest possible forms of injustice, produces the greatest material and cultural progress, most effectively stems violence and provides the greatest respect for human rights. According to this concept of liberalism, freedom is a single, unified concept. Political and economic liberties are as inseparable as the two sides of a medal.” HumansTwoFormLawPoliticalSidesLibertyRightsProgressViolenceEconomicProduceMaterialsConceptsFoundationPropertyInjusticeHuman RightsLiberalismGuaranteesStemMedalRule Of LawInseparableTwo SidesPrivate PropertyUnified Author:Mario Vargas Llosa
“In some cases there are ways of thinking about what an architectural program produces - interior and exterior - that is not necessarily directed by an economic requirement, but is a diagram based on human actions, selfish or otherwise.” ThinkingWayHumansActionCasesEconomicProduceProgramSelfishRequirementsInteriorsWay Of ThinkingExteriorHuman ActionsDiagrams Author:Jimenez Lai
“The Huffington Post Investigative Fund's goal is to produce a broad range of investigative journalism created by both staff reporters and freelance writers, with a focus on working with the many experienced reporters and writers impacted by the economic contraction. The pieces will range from long-form investigations to short breaking news stories and will be presented in a variety of media - including text, audio, and video.” LongStoriesFormGoalFocusPiecesEconomicMediaProduceNewsIncludingVideoJournalismVarietyPostsRangeFundBroadsInvestigationStaffReportersAudioContractionsNews StoriesBreaking NewsInvestigative Journalism Author:Arianna Huffington