“Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.” GrowsGrowthWealthPovertyEconomicsOvercomingIncreaseAbsolutesMiserySubjective Book:The Second Crisis of Economic Theory: And Other Selected Papers from the American Economic Meeting, December 27-29, 1971 Source: The Second Crisis of Economic Theory: And Other Selected Papers from the American Economic Meeting, December 27-29, 1971
“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
“It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling to parlay their existing advantage into dominance on the Internet. But it is way less sure [that this will occur] than the certainty 20 years ago that the basic business would grow steadily, so there's more downside risk. The perfectly fabulous economics of this business could become grievously impaired.” WayYearsCertainGrowsWonderfulRiskInformationInternetAdvantageYears AgoEconomicsThreatNewspapersMediumsCertaintyAlternativesFabulousDominance Author:Charlie Munger
“[Donald] Trump and all the Republicans believe in the theory of trickle down economics which is a theory discredited even by the author himself David Stockton. The theory suggests that if we take care of the people at the top, if we cut taxes for the wealthy, if we make sure they are doing really well, then the investments that they make in the economy and the jobs that will create, will make everything grow and it will have a trickle down effect on the rest of us.” PeopleIfsBelieveWellsCareJobsGrowsEconomyCuttingEffectsTheoryTrumpRepublicanTaxesEconomicsInvestmentTake CareWealthyTrickle DownTrickle Down Economics Author:Debbie Wasserman Schultz
“I'm very primitive in terms of economics. The kind of new business in which stock gets more valuable because the company grows, but there must be limits to growth. But if publishing is expanding to fill that retail space, it seems like there may be a necessary and unpleasant correction waiting down the road. How many books to people WANT?” PeopleIfsWantKindMayBookSeemsGrowsWaitingGrowthTermSpaceCompanyLimitsEconomicsValuablePrimitivePublishingExpandingCorrectionsDown The RoadRetailNew Business Author:William Gibson
“There'll be a growing disparity between economics and politics. An economy that grows so rapidly is intractably global. On the other hand, the current political system is intractably national. So there is a growing dichotomy between a global economy and locally based politics.” HandsPoliticalPoliticsGrowsEconomyGrowingEconomicsCurrentsInternational RelationsPolitical SystemsGlobal EconomyDisparityDichotomy Author:Walter Wriston
“As long as we place millions of Indians at the canter of our thought process, as long as we think of their welfare, their future, their opportunities for self realization we are on the right track. For India can grow, prosper, flourish only if they grow, prosper, flourish. We cannot grow by any esoteric strategies. Our purchasing power, our economic strength, our marketplace all depends on the prosperity of our people.” PeopleIfsThinkingLongSelfOpportunityGrowsProcessChangeMillionsEconomyEconomicDependsEconomicsIndiaEncouragementStrategyTrackProsperitySelf RealizationRealizationWelfareOur ThoughtsMarketplaceEsotericPurchasingThought ProcessBusiness GrowthRight TrackPurchasing Power Author:Mukesh Ambani
“Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.” YearsKindGrowsChangeAbilityTechnologyEconomyEconomicEconomicsTraditionLaborEmbraceEntrepreneurAll KindsShockRemarkableWillingnessEfficientTolerateTechnologicalFlexibleEntrepreneurialResiliencyEfficient MarketsLabor And CapitalEconomic Change Author:Ben Bernanke
“The danger of tautological propositions is considerable in discussions of the concept of normal profits. Because supernormal profits seem to invite newcomers to an industry and sub-normal profits seem to drive away those who are in an industry, some writers are inclined to define normal profits as the earnings of the fixed resources in an industry which neither grows nor declines in size or number of firms. It should be clear that such a definition is useless: it muddles together attractiveness and actual afflux, desirbility of entry and ease of entry, zero profits and monopoly rents.” ShouldSeemsTogetherGrowsNumbersClearDangerIndustryNormalConceptsResourcesEconomicsSizeDefinitionsProfitUselessEaseFirmDiscussionFixedZeroInvitesDeclineEarningPropositionsMonopolyEntryAttractivenessMuddleNewcomers Author:Fritz Machlup
“In proportion as capital accumulates, the lot of the laborer, be his payment high or low, must grow worse.” GrowsEconomicsLaborers Author:Karl Marx
“Home economics should find its way into the curriculum of every school because the scientific study of a problem pertaining to food, shelter or clothing... raises manual labor that might be drudgery to the plane of intelligent effort that is always self-respecting...Home economics is not one department, in the sense in which dairying or entomology or soils is a department. It is not a single speciality... Many technical and educational departments will grow out of it as time goes on.” WayShouldSelfProblemHomeMightSchoolGrowsEffortStudyGoes OnEconomicsLaborIntelligentRaisesEducationalPlanesSoilDepartmentClothingsShelterCurriculumManualsDrudgeryTime Goes OnManual LaborHome Economics Author:Martha Van Rensselaer
“The first commandment of economics is: Grow. Grow forever. Companies get bigger. National economies need to swell by a certain percent each year. People should want more, make more, earn more, spend more - ever more. The first commandment of the Earth is: enough. Just so much and no more. Just so much soil. Just so much water. Just so much sunshine. Everything born of the Earth grows to its appropriate size and then stops.” PeopleWantNeedsShouldYearsFirstsEnoughEarthCertainGrowsWaterBornCompanyEconomyForeverPercentEconomicsBiggerSizeSoilAppropriateSunshineCommandmentsNational Economy Author:Donella Meadows
“We can't afford more top-down economics. What we need are policies that will grow and strengthen the middle class.” NeedsGrowsClassMiddlePolicyEconomicsMiddle ClassTop Down Author:Barack Obama