“By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, economics denies even all "respectability" to the distinction between essential and non-essential consumption, between productive and unproductive labor, between actual and potential surplus.” RolesEssentialsEconomicsLaborDenyDistinctionProductiveSoleConsumptionEfficiencyRationalityCriteriaSurplusRespectabilityElevatingUnproductive Book:Political Econ of Growth Source: Political Econ of Growth
“The Gods are unkind and deny us knowledge of what the future holds” IgnoranceEconomicsDenyUnkind Author:Peter L. Bernstein
“The realization that I came to is that each citizen for himself or herself understands the economics, which is, "I better make more than I spend and I better put something aside for a rainy day, and I want to get a good idea about what to do with the surplus so that perhaps it can grow while I'm sleeping." And that that's capitalism. Everybody practices it, but half of the country - those on the left - deny that it's true.” WantIdeasCountryLeftGrowsSleepHalfPracticeCitizensCapitalismEconomicsDenyRealizationGood IdeasRainyRainy DaySurplus Author:David Mamet
“When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.” PeopleRealFactsRunningWealthRolesEconomicProgramEconomicsDenyDebtJustifyMainstreamHousingJunkTextbooksEconomic SystemsAusterityReal WealthShrinkage Author:Michael Hudson
“The attraction of power we take for granted in politics.. But in economics...the thrust...is for pecuniary return, for money. And I have always felt that denies in the economic world a very large part of the motivation.” WorldMotivationFeltEconomicReturnEconomicsDenyAttractionGrantedThrust Author:John Kenneth Galbraith
“Every nation on the Earth that embraces market economics and the free enterprise system is pulling millions of its people out of poverty. The free enterprise system creates prosperity, not denies it.” PeopleEarthNationsPovertyMillionsEconomicsEmbraceProsperityDenyEnterprisePullingFree Enterprise Author:Marco Rubio
“Mathematical economics is old enough to be respectable, but not all economists respect it. It has powerful supporters and impressive testimonials, yet many capable economists deny that mathematics, except as a shorthand or expository device, can be applied to economic reasoning. There have even been rumors that mathematics is used in economics (and in other social sciences) either for the deliberate purpose of mystification or to confer dignity upon common places as French was once used in diplomatic communications.” EnoughUsedPurposeSocialPowerfulCommonEconomicCommunicationCapableRespectEconomicsDignityMathematicsDenyMathMathematicalReasoningDevicesSupporterEconomistDeliberateImpressiveRumorRespectableDiplomaticSocial ScienceShorthandTestimonial Author:James R Newman
“New York remains what it has always been : a city of ebb and flow, a city of constant shifts of population and economics, a city of virtually no rest. It is harsh, dirty, and dangerous, it is whimsical and fanciful, it is beautiful and soaring - it is not one or another of these things but all of them, all at once, and to fail to accept this paradox is to deny the reality of city existence.” RealityBeautifulCitiesExistenceAcceptingFailingDangerousNew YorkEconomicsFlowRemainsConstantPopulationDenyDirtyParadoxHarshSoarWhimsicalEbb And Flow Author:Paul Goldberger