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Economic Quotes

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Economic Quotes

“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.”

“The free enterprise concept inherent in the economic model of capitalism should mean common people, or lower and middle class wage-earners, have greater potential to rise up and gain financial independence. In reality, however, free enterprise all too often leads to an almost total lack of government regulation that in turn allows the global elite to run amuck in Gordon Gecko-style financial coups.”

“Dispossessed peasants slash-and-burn their way into the rain forests of Latin America, hungry nomads turn their herds out into fragile African rangeland, reducing it to desert, and small farmers in India and the Philippines cultivate steep slopes, exposing them to the erosive powers of rain. Perhaps half the world's billion-plus absolute poor are caught in a downward spiral of ecological and economic impoverishment. In desperation, they knowingly abuse the land, salvaging the present by savaging the future.”

“Wherever we turn we find that the real obstacles to peace are human will and feeling, human convictions, prejudices, opinions. If we want to get rid of war we must get rid first of all of its psychological causes. Only when this has been done will the rulers of the nations even desire to get rid of the economic and political causes.”

“[The right] may never bring prayer back to schools, but it has rescued all manner of rightwing economic nostrums from history's dustbins. Having rolled back the landmark economic reforms of the sixties (the war on poverty) and those of the thirties (labor law, agricultural price supports, banking regulation), its leaders now turn their guns on the accomplishments of the earliest years of progressivism (Woodrow Wilson's estate tax; Theodore Roosevelt's anti-trust measures). With a little more effort, the backlash may well repeal the entire twentieth century.”

“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."”

“Family farmers are small farmers who love the land. They're still not getting enough money for their product and are rapidly losing their battle to stay in business. By helping the American family farmer, we will in turn help ourselves out of the economic hole that we find ourselves in today. It doesn't really matter how we got here; the point is, we have to dig our way out.”

“Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but they are quite ashamed to say anything outlandish to their clients and yet events, it turns out, are almost always outlandish.”

“Kalecki thus precisely predicted the economic and political U-turn that occurred with the advent of neoliberalism. Kalecki also argued that fundamental institutional changes, especially regarding wage-setting and other aspects of the employment relationship, would be essential if full employment was to be sustained.”

“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.”

“Entrepreneurship is the cornerstone to African development and the key to local value creation in Africa. I am determined to ensure that Africa's next generation of entrepreneurs have the platform they need to turn their entrepreneurial aspirations into sustainable businesses that will drive economic growth and job creation across Africa.”

“It's a moral imperative, it's an economic imperative, and it is a security imperative. For we've seen how spikes in food prices can plunge millions into poverty, which, in turn, can spark riots that cost lives, and can lead to instability. And this danger will only grow if a surging global population isn't matched by surging food production. So reducing malnutrition and hunger around the world advances international peace and security - and that includes the national security of the United States.”

“According to our social pyramid, all men who feel displaced racially, culturally, and/or because of economic hardships will turn on those whom they feel they can order and humiliate, usually women, children, and animals--just as they have been ordered and humiliated by those privileged few who are in power. However, this definition does not explain why there are privileged men who behave this way toward women.”

“No one can predict whether the earth will be cooler or hotter next year, let alone do anything to change it. If you're afraid of global warming, turn off the lights when you leave the room - but don't participate in the corruption of science, don't scare our kids with unproven cataclysmic theories, and don't try to ban economic energy sources that people living on this planet depend upon today. And don't try to stop progress; it's the only hope the earth has of seeing clean industry, short of exterminating mankind.”

“Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems - the kind of problems that are inevitable when individuals turn responsibility for their lives over to others.”

“Through our government's updated science, technology and innovation strategy, we are making the record investments necessary to push the boundaries of knowledge, create jobs and opportunities, and improve the quality of life of Canadians. Our government's Canada Research Chairs Program develops, attracts and retains top talent researchers in Canada whose research, in turn, creates long-term social and economic benefits while training the next generation of students and researchers in Canada.”

“Diligence means to be keen in matters of virtue and justice, but worldly people use diligence to solve their economic difficulties. Frugality means to have little desire for material goods, but worldly people use frugality as a cover for stinginess. Thus do watchwords of enlightened life turn into tools for the private business of small people. What a pity!”