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Economics Quotes

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Economics Quotes

“We are confronted by the appearance of social institutions unintentionally created, vital for the welfare of society, which are not the result of reasoned planning”

Social Results Economics Institutions Appearance Planning Welfare Social Institutions

Author:Carl Menger

“It is government policy to phase out subsidies to nationalised industries. In line with this, the government hopes that the coal industry will be able to operate without the need for assistance apart from social grants.”

Needs Government Able Social Lines Policy Industry Economics Grants Phases Coal Assistance Subsidies Government Policy

Author:Tony Benn

“As a cultural-intellectual power and a moral ideal, collectivism died in World War II. If we are still rolling in its direction, it is only by the inertia of a void and the momentum of disintegration. A social movement that began with the ponderous, brain-cracking, dialectical constructs of Hegel and Marx, and ends up with a horde of morally unwashed children stamping their foot and shrieking: "I want it now is through."”

Source: The Ayn Rand Lexicon: Objectivism from A to Z

“I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments.”

Long States Philosophy Political Social Views Responsibility Greater Position Advantage Economics Bases Investment Goods Efficiency

Book:Keynes and Public Policy After Fifty Years: Theories and method

Source: Keynes and Public Policy After Fifty Years: Theories and method

“Tariffs, government contracts, naval and military spending, nationalized industries, tax policy, social welfare, the legal privileging of labor unions were among the means at the disposal of the governing class to exploit the public at large for the benefits of its various clienteles.”

“Liberalism is, in fact, the ideology of the capitalist revolution that prodigiously raised the living standards of the mass of people; a doctrine gradually elaborated over several centuries, which offered a new concept of social order, encompassing freedom in the only form suited to the modern world. Step by step, in practice and theory, the various sectors of human activity were withdrawn from the jurisdiction of coercive authority and given over to the voluntary action of self-regulating society.”

“The timing & characteristics of state intervention affect not only organizational tactics and strategies, but the content and definition of interest itself... Some scholars have directly stressed that state interventions create corporatist forms... the formation, let alone the political capabilities, of such purely socioeconomic phenomena as interest groups and classes depends in significant measure on the structures and activities of the very states the social actors, in turn, seek to influence.”

“Autonomous state actions will regularly take forms that attempt to reinforce the authority, political longevity, and social control of the state.”

States Philosophy Action Form Political Social Authority Economics Longevity Autonomous Social Control

Book:Bringing the State Back In

Source: Bringing the State Back In

“We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.”

“Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark.”

“Education is both a tool of social justice as well as a fundamental driver of economic development.”

Wells Social Justice Education Economy Economic Development Economics Tools Social Justice Fundamentals Drivers Economic Development

Author:Kevin Rudd

“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.”

“Today, the UK must be the pioneer of a new model of economic change, that integrates social and environmental consideration. This is not just a question of values and moral duty. It is about our economy's capacity to sustain itself”

“Economic dynamism can be combined with environmental and social responsibility. High financial returns can go hand in hand with respect for human rights, and the preservation of the planet's natural resources”

“The emphasis placed by more and more companies on corporate social responsibility, symbolises the recognition that prosperity is best achieved in an inclusive society.”

Social Business Responsibility Company Economics Management Prosperity Recognition Corporate Social Responsibility Emphasis Corporate Social Responsibility

Author:Tony Blair

“A wide range of social, collective phenomena can be made to emerge from the interactions of autonomous agents operating to simple local rules”

Made Social Simple Economics Wide Locals Agents Range Collectives Interaction Autonomous

Author:Robert Axtell

“Now, of course, cold fusion is the daddy of them all in a way, in terms of value, so I think that viewed in a social way, from the point of social considerations and economics, it will tell you that this thing will stay around.”

Thinking Way Values Courses Social Term Cold Economics Consideration Daddy Fusion

Author:Martin Fleischmann

“I think the team that successfully puts together an economic and social policy framework for global full employment in decent working conditions based on local development, that would command the support of all stakeholders and all international organizations concerned, should be awarded the [Nobel] prize. I am sure they would get it not just for economics, but also for peace in the world.”

“Early ecologists soon realised that, since humans are organisms, ecology should include the study of the relationship between humans and the rest of the biosphere. ... We don't often tend to think about the social sciences (history, economics and politics) as subcategories of ecology. But since people are organisms, it is apparent that we must first understand the principles of ecology if we are to make sense of the events in the human world.”

People Ifs Thinking World Should Firsts Humans Social Principles Study Events Economics Environmental Make Sense Organisms Ecology Realised Social Science Biosphere

Author:Richard Heinberg

“I want to be remembered as someone who put India on the scientific map of the world in terms of large innovation. I want to be remembered for making a difference to global healthcare. And I want to be remembered as someone who did make a difference to social economic development in India.”