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Economics Philosophy Quotes

Browse 75 quotes about Economics Philosophy.

Economics Philosophy Quotes

“Substitution competition is a natural limit or control on prices. In a permaculture economy, every useful product or service in a market coexists with a variety of substitutes. There is a point to which monopolies become uneconomical/ unprofitable. Almost every product or service, or their inputs, may be used for a variety of purposes by a variety of consumers, If the price (a) causes there to be more or less consumption of (b) then a and b are substitutes. Substitution competition eventually causes monopolies to shrink or fail , or creates new market space which renders the previous monopoly relatively smaller in size and therefore not a monopoly in the context of the expanded economy”

Hendrith SmithPermaculture EconomyPermaculture EconomicsMarketEconomics PhilosophyPrice QuotesCompetition Quotes
Book:Principles of a Permaculture Economy
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“When the individual people have the freedom to engage in permaculture activity, the effect is that ultimately the standards of living are improved for everyone, such that poverty is ultimately eradicated and even the people with the least among all still enjoy considerable wealth. When government or central planning agencies forcefully redistribute wealth, it has the ultimate effect of eradicating wealth such that eventually most people among all are poor; while even those people who have some temporary riches do not have real wealth”

Wealth QuotesHendrith SmithPermaculture EconomyPermaculture EconomicsEconomics Philosophy
Book:Principles of a Permaculture Economy
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“If the Sun is the source of flow in the economy of nature, what is the “Sun” of a human gift economy, the source that consonantly replenishes the flow of gifts? Maybe it is love.”

LoveEconomicsEconomic GrowthSustainable DevelopmentEconomics PhilosophyIndigenous WisdomNatural LawsIndigenous KnowledgeGift EconomyEthnobotany
Book:The Serviceberry: Abundance and Reciprocity in the Natural World
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“The concerns and methods vary, but there is to it all, at bottom, a message that is unmistakably Luddistic: beware the technological juggernaut, reckon the terrible costs, understand the worlds being lost in the world being gained, reflect on the price of the machine and its systems on your life, pay attention to the natural world and its increasing destruction, resist the seductive catastrophe of industrialism.”

HistoryEconomics PhilosophyHistory Repeating ItselfIndustrialism
Author:Kirkpatrick Sale
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“Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We still have to thank Adam Smith for insisting 'Consumption is the sole end and purpose of production;' but the old form of the law of demand and supply is outmoded, since supply has become practically inexhaustible.”

EconomicsIndustrial RevolutionEconomics PhilosophySupply And Demand
Book:Born to Rebel: The Life of Harriet Boyd Hawes
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“I guess I studied a little bit of economics back in my day. Then I read somewhere that economics is a form of brain damage. the more I thought about it the more, it made sense. Any theory of economics that does not include things such as Value, and Effort and the Phenomenon of Unequal distribution of pussy is bullshit. For instance, if you're gonna offer me a job, and I cannot afford to spend some time with a decent looking girl in Vegas once a month, for instance, I think you're not paying me enough.”

EconomicsUnemploymentProstitutionEconomics PhilosophyTheory Of EverythingFuck WorkFair Wage
Author:Dmitry Dyatlov
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“Permaculture Economics is a system that only allows contexts whererby the pursuit of profit is aligned with the pursuit of service, and whereby that service is to the benefit of not only a specific group directly but to society at large indirectly - such that every economic participant indirectly benefits from the profit pursuits of other economic participants. Lets learn from nature. In a forest, every life form there benefits when a single leaf is returned to the soil, or when a single bee transports the pollen of a single flower, or when a single mushroom sends out spores. There are exclusive interactions and exclusive services, but the exclusivity of benefits has its limits. A single kind of life form may get the majority of benefits from a certain activity, but all life forms in that ecosystem will receive some residual benefits from that activity. And this isn't by force, but by design.”

QuotesHendrithPermaculture EconomicsEconomics PhilosophyCoffee Mugs OnlineWhat Is Permaculture Economics
Author:Hendrith Vanlon Smith Jr.
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“After the predicted disaster occurred, an “emerging consensus” developed among economists “on the need for macroprudential supervision” of financial markets, that is, “paying attention to the stability of the financial system as a whole and not just its individual parts.” Two prominent international economists added that “there is growing recognition that our financial system is running a doomsday cycle. Whenever it fails, we rely on lax money and fiscal policies to bail it out. This response teaches the financial sector: take large gambles to get paid handsomely, and don’t worry about the costs—they will be paid by taxpayers” through bailouts and lost jobs, and the financial system “is thus resurrected to gamble again—and to fail again.” The system is a “doom loop,” in the words of the official of the Bank of England responsible for financial stability.”

CapitalismEconomicsBankingFinancial CrisisBanking SystemEconomics PhilosophyFree Market CapitalismFree MarketsFree Market Ideology
Book:Hopes and Prospects
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“Socialist endeavour of the Fabian type would not have amounted to anything at any other time. But it did amount to much during the three decades preceding 1914, because things and souls were ready for that kind of message and neither for a less nor for a more radical one. Formulation and organization of existing opinion were all that was needed in order to turn possibilities into articulate policy, and this "organizing formulation" the Fabians provided in a most workmanlike manner. They were reformers. The spirit of the times made socialists of them. They were genuine socialists because they aimed at helping in a fundamental reconstruction of society which in the end was to make economic care a public affair.”

Economics PhilosophyFabian Socialism
Book:Capitalism, Socialism and Democracy
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