“Men were created for something better than merely to make money. A close application to business, until a competence is gained, is one of the chief virtues; but to continue in trade long after this result is obtained, is one of the signs, not to be mistaken, of a sordid and ignoble nature.” MenLongResultsMoneyVirtueTradeChiefsMaking MoneyApplicationMistakenCompetenceSomething BetterIgnoble Author:Christian Nestell Bovee
“When ordinary Soviet citizens are told that a vital trade agreement awarding their country most-favoured-nation status with the US is being blocked in Congress because Soviet Jews are demanding as an absolute right something few other inhabitants can expect as a special privilege - then the result is likely to be spontaneous outbreaks of anti-Semitism.” CountryNationsResultsSpecialCitizensOrdinaryAbsolutesTradeCongressPrivilegeJewAgreementSovietSpontaneousAnti SemitismBlockedOutbreaksTrade AgreementsBe Spontaneous Author:Alan Brien
“[Trade licensing] almost inevitably becomes a tool in the hands of a special producer group to maintain a monopoly position at the expense of the rest of the public. There is no way to avoid this result.” WayHandsResultsGroupsSpecialPositionToolsTradeProducersExpensesMonopolyLicensing Author:Milton Friedman
“One can see the results of those policies in hundreds of communities around my State. As one might expect, our largest communities - places like Milwaukee, Madison, and Green Bay - lost thousands of jobs as a result of those trade policies, most notably NAFTA and permanent most-favored-nation status for China.” StatesMightJobsLostNationsCommunityResultsPolicyGreenTradeChinaPermanentMadisonNaftaMilwaukeeGreen Bay Author:Russ Feingold
“Free trade holds much of the blame for continued international conflict. Markets are said to possess wisdom that is somehow superior to man. Those of us in business who travel in the developing world see the results of such western wisdom and have a rumbling disquiet about much of what our economic institutions have bought into.” MenWorldSaidResultsEconomicConflictInstitutionsBlameTradeWesternInternationalSuperiorsDevelopingGlobalizationFree Trade Author:Anita Roddick
“Engineers in the developed world should be arguing not for protectionism but for trade agreements that seek to establish rules that result in a real rise in living standards. This will ensure that outsourcing is a positive force in the developing nations economy and not an exploitative one.” WorldShouldRealForceNationsResultsEconomyStandardsTradeArguingDevelopingAgreementEngineersOutsourcingTrade AgreementsProtectionism Author:Brian Behlendorf
“capital is the result of saving, and not of spending. The spendthrift who wastes his substance in riotous living decreases the capital of the country, and therefore the excuse often made for extravagance, that it is good for trade, is based upon false notions respecting capital.” MadeCountryResultsWasteEconomicsTradeNotionExcuseSpendingSavingSubstanceDecreaseExtravaganceSpendthrift Book:Political Economy for Beginners Source: Political Economy for Beginners
“One is faced with a dilemma: If one places total trust in all other users, one is vulnerable to the antisocial behavior of any malicious user consider the case of viruses. But if one tries to be totally reclusive and isolated, one is not only bored, but one's information universe will cease to grow and be enhanced by interaction with others. The result is that most of us operate in a complicated trade-off zone with various arrangements of trust and security mechanisms.” IfsTryingUniverseGrowsResultsCasesSecurityInformationBehaviorTradeVariousComplicatedCeaseVulnerableBoredZoneMechanismIsolatedInteractionUsersArrangementsVirusesDilemmaMaliciousAntisocialTrade OffsInteraction With OthersAntisocial Behavior Author:Fernando J. Corbato
“The countries that have risen and separated out as a result of the collapse of the Soviet Union are, on the whole, following freer economic policies. Most of these states have freer government and less restrictions on trade.” CountryStatesWholeGovernmentResultsEconomicPolicyTradeUnionsFollowingSovietCollapseSoviet UnionRestrictionRisenEconomic Policy Author:Milton Friedman