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Economy Quotes

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Economy Quotes

“Psychological man may be going nowhere, but he aims to achieve a certain speed and certainty in going. Like his predecessor, the man of the market economy, he understands morality as that which is conducive to increased activity. The important thing is to keep going.”

“If we're talking about buying exchanges abroad, we have to have global securities standards, as we have global banking regulations. I'm talking about margins. Now, the United States has certain margin requirements that are not the same in London. Investors and hedge funds that want to borrow more money against securities ? if they can't in the U.S., they go abroad. That could add additional risks to the global economy.”

“The key problem is to find out why that sector of society of the past, which I would not hesitate to call capitalist, should have lived as if in a bell jar, cut off from the rest; why was it not able to expand and conquer the whole of society?... [Why was it that] a significant rate of capital formation was possible only in certain sectors and not in the whole market economy of the time?”

“Waste cannot be accurately told, though we are sensible how destructive it is. Economy, on the one hand, by which a certain income is made to maintain a man genteelly; and waste, on the other, by which on the same income another man lives shabbily, cannot be defined. It is a very nice thing; as one man wears his coat out much sooner than another, we cannot tell how.”

“Capitalism had arisen through the misuse and exaggeration of certain rights, notably the right of property - the basis of economic freedom - and the right of contract, which is one of the main functions of economic freedom. Therefore, even under Capitalism, so long as the old principles were remembered it was possible to recall the principles whereby Society had once been sane and well ordered.”

“Communism worked honestly by officials devoid of human frailties and devoted to nothing but the good of its slaves, would have certain manifest material advantages as compared with a proletarian wage-system where millions live in semi-starvation, and many millions more in permanent dread thereof. But even if it were administered thus Communism would only produce its benefits through imposing slavery.”

“We will have to choose not between color nor race nor religion nor between East and West either, but simply between being slaves and being free. And we will have to choose completely and for good; the time is already past now when we can choose a little of each, a little of both. We can choose a state of slavedom, and if we are powerful enough to be among the top two or three or ten, we can have a certain amount of license - until someone more powerful rises and has us machine-gunned against a cellar wall.”

“It is also true that the less possible it becomes for a man to acquire a new fortune, the more must the existing fortunes appear as privileges for which there is no justification. Policy is then certain to aim at taking these fortunes out of private hands, either by the slow process of heavy taxation of inheritance or by the quicker one of outright confiscation. A system based on private property and control of the means of production presupposes that such property and control can be acquired by any successful man.”

“Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of production, but rather a yardstick for measuring economic input, economic outtake and the relative values of the real goods and services of the economic world. Money provides a method of measuring obligations, rights, powers and privileges. It provides a means whereby certain individuals can accumulate claims against others, or against the economy as a whole, or against many economies.”

“You must, to get through life well, practice industry with economy, never create a debt for anything that is not absolutely necessary, and if you make a promise to pay money at a day certain, be sure to comply with it. If you do not, you lay yourself liable to have your feelings injured and your reputation destroyed with the just imputation of violating your word.”

“Criticism of growth arose with the discovery that growth beyond a certain point is destructive of the earth. We are already using resources much faster than they can be replenished. We are producing wastes much faster than nature's sinks can process them. The growth economy will end. The only questions are when its end will come, and whether humanity will be able to survive its demise.”

“We live in a highly competitive world - and we Indians have to struggle to catch up. So modesty is necessary, even if there is also a need for a certain amount of national pride. When it comes down to it, we have managed our country's economy poorly for long enough. There is really no reason to now think that we can conquer the world.”

“I believe in positive despotism. That means an exchange between people. I'm thinking about the fact that someone serves me breakfast in my bed. I can not see anything wrong in that. Because everything is a question of exchanges between people. Everyone has some specific possibilities and can to a certain extent do whatever they want. If one wants to become rich one can study economy and if one wants to be poor one can choose to become a professor in butterfly wings for example. So we can choose.”