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Economy Quotes

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Economy Quotes

“We must surely appear to the world as exactly what we are: a nation that organizes its economy around consuming twice as much oil as it produces, and around the profligate wastefulness of the wars and campaigns required to defend such consumption. In recent years we have defined our national interest largely in terms of the oil fields and pipelines we need to procure fuel.”

“The focus of all life is its economy, the mode through which every living creature produces its material existence. I know no other criterion for the evaluation of social life except that of social economy. In society, just like anywhere else, the mode of production is the focus around which revolve all the modes of life: in the historical life of conscious beings, it is also the focus of all modes of consciousness.”

“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.”

“If capital produces most of the economy's wealth and income is distributed on the basis of productive input, the individual can hardly reach his goal - an affluent level of income - solely by means of his labor.”

“The owners of labor, on the other hand, are being taught, by the most powerful and well-publicized examples, that the highest rewards are not for production, but for the employment of organized power to take over a share of what others produce.”

“For when men know they are working on what belongs to them, they work with far greater eagerness and diligence. Nay, in a word, they learn to love the land cultivated by their own hands, whence they look not only for food but for some measure of abundance for themselves and their dependents. All can see how much this willing eagerness contributes to an abundance of produce and the wealth of a nation.”

“All those who, since Adam Smith, have turned their attention to Political Economy, agree that in reality we do not buy articles of consumption with money, the circulating medium with which we pay for them. We must in the first instance have bought this money itself by the sale of our produce.”

“To a proprietor of a mine, the silver money is a produce with which he buys what he has occasion for. To all those through whose hands this silver afterwards passes, it is only the price of the produce which they themselves have raised by means of their property in land, their capitals, or their industry. In selling them they in the first place exchange them for money, and afterwards they exchange the money for articles of consumption.”

“A democracy flirts with the danger of becoming a slave in direct ratio to the numbers of its citizens who work, but do not own / or who own, but do not work; or who distribute, as politicians do, but do not produce. The danger of the "slave state" disappears in ratio to the numbers of people who own property and admit its attendant responsibilities under God. They can call their souls their own because they own and administer something other than their souls. Thus they are free.”

“The laws of thermodynamics restrict all technologies, man's as well as nature's, and apply to all economic systems whether capitalist, communist, socialist, or fascist. We do not create or destroy (produce or consume) anything in a physical sense- we merely transform or rearrange. And the inevitable cost of arranging greater order in one part of the system (the human economy) is creating a more than offsetting amount of disorder elsewhere (the natural environment).”

“The sustainable alternative is one in which smaller and smaller regions produce more and more of the goods they need closer to where they are consumed. These economies will contribute little to the greenhouse effect and will survive the exhaustion of oil.”

“There's no free lunch. If you want an industrial economy, you need energy. If you want energy, it will produce pollution. You can have it in two forms. You can have it dissipated in the atmosphere - like carbon dioxide - which then you cannot recover, or you can have the waste concentrated in one small space like nuclear. That is far easier to deal with. The idea that you can be able to create renewable energy at a price anywhere near the current price for oil or gas or coal is a fantasy.”

“The spirit of commerce is frugality, economy, moderation, labor, ponderance, tranquillity, order, and rule. So long as this spirit subsides, the riches it produces have no bad effect. The mischief is when excessive wealth destroys the spirit of commerce, then it is that the conveniences of inequality... are felt.”

“With their endless vacations and pint-sized workweeks, Europe can't produce enough of anything - including more Europeans - to save themselves from doom. So the French and Germans have only one realistic strategy when it comes to revitalizing their comatose economies: Wait for the U.S. economy to rise high enough to float their petits bateaux.”