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Economy Quotes

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Economy Quotes

“There are many reasons for keeping a diary: to make a note of facts that one considers important; to open one's heart, to give vent to one's feelings, to make confessions; from the instinct of economy which sometimes encourages a writer to make good use of even the smallest crumbs of his life, so that he may have one more book to publish; or again from vanity and self- satisfaction.”

“When the press writes scare stories about the global labor supply draining jobs from rich to poor places, the story is usually presented as a "race to the bottom" simply in terms of wages. Capitalism supposedly looks for labor wherever labor is cheapest. This story is half wrong. A kind of cultural selection is also at work, so that jobs leave high-wage countries like the United States and Germany, but migrate to low-wage economies with skilled, sometimes overqualified workers.”

“The very large units of production and exchange have access to credit on a large scale, sometimes without any cover at all, merely upon the prospect of their success, and always upon terms far easier than are open to their smaller rivals. It is perhaps on this line of easier credit that large capital today does most harm to small capital, drives it out and ruins it.”

“If a man surrenders all power of self-determination in regard to the profits, management or ownership of the place where he works, he not only loses that special prerogative which marks him off from a cow in a pasture, but what is worse, he loses all capacity for determining any work. This is the beginning of a slavery which sometimes goes by the name of security.”

“One of the most popular narcotics to ease the pain of economy is cherishing the belief that better days are ahead. This is both efficacious and commendable, but it sometimes turns out to be a habit-forming drug. ... Things to which you look forward too long are almost invariably disappointing when you get them, and you might die first anyway.”

“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind--no matter how ultimately profitable or otherwise successful some of them might prove to be--there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”

“We are committed to cleaning up the air and cleaning up the water. But we also are committed to a strong economy, and we are not going to allow the environmental issue to be used sometimes falsely and sometimes in a demagogic way basically to destroy the system-the industrial system that made this the great country it is.”

“Our theories are wedged and controlled as nothing else is. Yet sometimes alternative theoretic formulas are equally compatible with all the truths we know, and then we choose between them for subjective reasons. We choose the kind of theory to which we are already partial: we follow 'elegenace' or 'economy'”