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Economic Quotes

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Economic Quotes

“In the background lurks the scourge of international terrorism. There are people exercising power in a few countries and leading political factions in others who seem to be moved by narrow, brutal and irrational impulses. Their view of their own self-interest is so blinkered as to leave no space for purely human values, for peaceful negotiation or for economic advancement. They are bent on the destruction of the established order and of civilised ways of doing business. They must never be allowed to succeed.”

“Under the old social philosophy which had governed the Middle Ages, temporal, and therefore all economic, activities were referred to an eternal standard. The production of wealth, it distribution and exchange were regulated with a view to securing the Christian life of Christian men. In two points especially was this felt: First in securing the independence of the family, which can only be done by the wide distribution of property, in others words the prevention of the growth of a proletariat; secondly, in the close connection between wealth and public function.”

“It requires something more than personal experience to gain a philosophy or point of view from any specific event. It is the quality of our response to the event and our capacity to enter into the lives of others that help us to make their lives and experiences our own. In my own case my convictions have derived and developed from events in the lives of others as well as from my own experience. What I have seen meted out to others by authority and repression, economic and political, transcends anything I myself may have endured.”

“Anarchism is a definite intellectual current in the life of our times, whose adherents advocate the abolition of economic monopolies and of all political and social coercive institutions within society. In place of the present capitalistic economic order Anarchists would have a free association of all productive forces based upon co-operative labour, which would have as its sole purpose the satisfying of the necessary requirements of every member of society, and would no longer have in view the special interest of privileged minorities within the social union.”

“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.”

“We need to reject not only outdated fossil-fuel technology, but also an outdated economic system and an outdated corporatist political system. The progressive view is that we are smart enough and ethical enough to not have to be subservient to corporations. We can create our own resilient, localized communities.”

“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.”

“My belief in free competitive economic enterprise does not rest solely or even mainly on arguments of economic efficiency, though, heaven knows, these are cogent enough. It rests essentially on the view that the free market is the only safe way of ensuring that productive effort is directed towards supplying what individuals actually want, and in a way which secures the dignity and independence of the worker.”

“If a legislator is safe from competition, or if he represents groups with the same economic and political beliefs, he does not have to change his ideas or respond to the needs of the broader population. He can rest content with a mediocre, absentee performance knowing he will be returned to office. And as he is returned year after year the seniority system gives him immense control over people from other parts of the country whose views he need not heed at all.”

“here are problems with the Turkish products inside Russia and the tourism going down. People are worried about that. But the really big economic weapons, oil and especially natural gas, those have not been brought into play yet - mostly in the form of threat so far. So basically the view from here is that, yeah, things are getting bad, but they could still get much, much worse.”

“The problem is, if at all, in the different view of the economy, of economic growth. Growth is too low, even for us. That needs to change: More investments, a stronger role by the European Central Bank. Otherwise, there are no tensions between Italy and Germany. But on this point, compromises must be reached and we will reach them.”

“I think people cast their votes for a number of reasons. I think if you look at your polls, you'll probably find that many, many people think that our views are closer to what they believe the future of America should be. That our views are closer on economic issues. And a lot of those polls come down to demographics, to age, to how much money you are making.”

“What was really interesting in his speech, which, by the way, had (inaudible) footnotes - the written version of it - which might be a personal record for Donald Trump - the source of a lot of his numbers on the free trade section of the speech came from an organization called the Economic Policy Institute, which was a think tank or is a think tank that was founded by labor unions to promote the labor unions' point of view on free trade agreements.”