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Economics Quotes

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Economics Quotes

“Entrepreneurial creation is the generation, de novo, of novelty and surprise- freedom of choice originating in the world of ideas, and imagination beyond all concern with chemicals. The contrary view- that all ideas are determined by material relationships- is the materialist superstition.”

World Ideas Choices Imagination Views Generations Creation Materials Concern Economics Surprise Determined Contrary Chemicals Superstitions Novelty Entrepreneurial Freedom Of Choice

Book:Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

“Feminism is not antisexuality. On the contrary. It says that sexuality shouldn't be confused with violence and dominance and that it should be a matter of free choice. It shouldn't be forced on you by economics, including dependence on a husband, or by pressure.”

Should Matter Choices Violence Feminism Husband Economics Pressure Including Sexuality Contrary Confused Dependence Dominance Free Choice

Author:Gloria Steinem

“There is a bizarre notion according to which it is claimed that because men are corrupt, it is necessary to give certain of them all the more power... on the contrary, they must be given less power.”

Men Giving Philosophy Political Certain Given Economics Notion Contrary Bizarre

Author:Benjamin Constant

“The possibility that stock value in aggregate can become irrationally high is contrary to the hard-form "efficient market" theory that many of you once learned as gospel from your mistaken professors of yore. Your mistaken professors were too much influenced by "rational man" models of human behavior from economics and too little by "foolish man" models from psychology and real-world experience.”

“Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.”

Source: Socialism - An Economic and Sociological Analysis: The Economist

“The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market.”

Source: Middle of the Road Policy Leads to Socialism

“The companies only developed if the state did not intervene in the French fashion. If on the contrary a certain degree of economic freedom was the rule, capitalism moved in firmly and adapted itself to all administrative quirks and difficulties”

Ifs States Certain Company Economic Fashion Degrees Capitalism Economics Difficulty Moved Contrary Adapted Administrative Economic Freedom Quirks French Fashion

Book:Civilization and Capitalism, 15th-18th Century: The wheels of commerce

Source: Civilization and Capitalism, 15th-18th Century: The wheels of commerce

“What must never be lost sight of is that a public functionary, in his capacity as functionary, produces absolutely nothing; that, on the contrary, he exists only on the products of the industrious class; and that he can consume nothing that has not been taken from the producers.”

Philosophy Political Lost Class Taken Produce Products Capacity Economics Sight Contrary Producers Absolutely Nothing Industrious

Author:Charles Dunoyer

“Our global economy is out of control and performing contrary to basic principles of market economics.”

Principles Economy Economics Contrary Performing Global Economy Basic Principles World Economy

Author:David Korten

“For what will it profit men that a more prudent distribution and use of riches make it possible for them to gain even the whole world, if thereby they suffer the loss of their own souls? What will it profit to teach them sound principles in economics, if they permit themselves to be so swept away by selfishness, by unbridled and sordid greed, that hearing the commandments of the Lord, they do all things contrary.”

Source: On Social Reconstruction: Encyclical Letter