Best theory & economy Quotes | Short & Famous Sayings

Source: An Essay on the Principle of Population: Illustrated

“In an information economy, entrepreneurs master the science of information in order to overcome the laws of the purely physical sciences. They can succeed because of the surprising power of the laws of information, which are conducive to human creativity. The central concept of information theory is a measure of freedom of choice. The principle of matter, on the other hand, is not liberty but limitation- it has weight and occupies space.”

Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

“The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.”

Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

“Economy and ideology. The claim (presented as an essential postulate of historical materialism) that every fluctuation of politics and ideology can be presented and expounded as an immediate expression of the structure, must be contested in theory as primitive infantilism, and combated in practice with the authentic testimony of Marx, the author of concrete political and historical works.”

Political Practice Economy Expression Theory Essentials Claims Structure Historical Ideology Materialism Concrete Primitive Testimony Fluctuation

Author:Antonio Gramsci

“Although the formulations of science now offer the most advanced knowledge of nature, men continue to use obsolete forms of thought long discarded by scientific theory. In so far as these obsolete forms are superfluous for science, the fact that they persist violated the principle of the economy of thought, that characteristic trait of the bourgeois temper.”

Men Long Facts Use Form Principles Economy Theory Offers Characteristics Temper Traits Persist Bourgeois Obsolete Superfluous Discarded Scientific Theory

Author:Max Horkheimer

“The term "Socialism" becomes a common label for the various theories of attack upon the principle of property, the various policies of communal control at the expense of the family and individual freedom.”

Wisdom Politics Individual Term Common Principles Economy Policy Theory Property Various Socialism Labels Liberalism Expenses Individual Freedom

Book:The Crisis Of Civilization

Source: The Crisis Of Civilization

“A crackpot theory. Instead of saying labor's exploited, as Marx did, Kelso says capital's exploited. It's worse than Marx. It's Marx stood on its head.”

Politics Economy Theory Labor Liberalism Crackpots

Author:Milton Friedman

“We supported the cooperative movement among farmers. The movement was still young and stubbornly opposed to the commercial distributors. I believed it to be one of the most helpful undertakings, for according to my social theories any organization run by citizens for their own welfare is preferable to the same action by the government.”

“Louis Kelso's formula sounds like Lydia Pinkham's Vegetable Compound. The whole theory sounds crazy. But, then, one may recall, they said all that of Copernicus too.”

May Said Whole Wisdom Politics Sound Economy Crazy Theory Liberalism Formulas Vegetables Recalls They Said Compounds Copernicus

Author:James J. Kilpatrick

“With all of its false assumptions and evil methods, communism grew as a protest against the hardships of the underprivileged. Communism in theory emphasized a classless society, and a concern for social justice, though the world knows from sad experience that in practice it created new classes and a new lexicon of injustice.”

Source: A Martin Luther King Treasury

“Normal science, the activity in which most scientists inevitably spend most all their time, is predicated on the assumption that the scientific community knows what the world is like. Normal science often suppresses fundamental novelties because they are necessarily subversive of its basic commitments.”

Knows World Doe Facts Wisdom Politics Community Economy Successful Theory Activity Normal Commitment Scientist Aim Fundamentals Assumption Liberalism Puzzles Novelty Subversive

Author:Thomas Kuhn

“Liberalism makes this mistake in regard to private property and Marxism makes it in regard to socialized property... The Marxist illusion is partly derived from a romantic conception of human nature... It assumes that the socialization of property will eliminate human egotism... The development of a managerial class in Russia, combing economic with political power, is an historic refutation of the Marxist theory.”

“Beneficial in theory, so-called free trade agreements far too often have been detrimental to the United States economy and the manufacturing sector that forms its central pillar.”

Has Beens States Form United United States Economy Theory Trade Agreement Beneficial Manufacturing Pillars Free Trade Detrimental Trade Agreements United States Economy

Author:Dan Kildee

“The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences.”

May Shows Simple Economy Theory Standards Consequence Gains Credit Graves Instance Conformity

Author:Friedrich August von Hayek

“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'”

Knows Kind Sometimes Reason Truth Economy Theory Alternatives Controlled Formulas Now And Then Subjective Compatible

Book:Pragmatism and the Conception of Thruth

Source: Pragmatism and the Conception of Thruth

“Mr. Greenspan did a very good job in the early 1990's. But recently he's fallen prey to this crazy theory that prosperity causes inflation. So they're trying to slow the economy down by raising interest rates. It's like a doctor saying you're in great health, so we have to make you sick a little bit. It's a bizarre theory. It's going to hurt our economy.”

Trying Littles Jobs Causes Bits Interest Hurt Economy Crazy Theory Little Bit Economics Doctors Sick Rate Very Good Prosperity Finance Fallen Bizarre Good Job Inflation Prey Interest Rate

Author:Steve Forbes

“Political economy is the science of free society. Its theory and its history alike establish this position. Its fundamental maxims, Laissez-faire and 'Pas trop gouverner' are at war with all kinds of slavery, for they in fact assert that individuals and peoples prosper most when governed least.”

Kind War Facts Political Individual Economy Position Theory Fundamentals Slavery All Kinds Maxims Free Society Laissez Faire Political Economy

Book:Sociology for the South: or, The failure of free society

Source: Sociology for the South: or, The failure of free society

“Marx's theory that only capitalists benefit from capitalism and workers are exploited was completely wrong. Nothing could have been further from the truth. Workers earned more as economies grew.”

Has Beens Economy Theory Grew Benefits Capitalism Workers Capitalist Could Have Been

Author:Kenneth Rogoff

“In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.”

States Happens Would Be Certain Economy Theory Circumstances Normal Fundamentals Financial Arise Behave Efficient Sequence Disruptive Financial Markets Efficient Markets Disequilibrium

Author:George Soros

“Psychotherapy makes every problem a subjective, inner problem. And that's not where the problems come from. They come from the environment, the cities, the economy, the racism. They come from architecture, school systems, capitalism, exploitation. They come from many places that psychotherapy does not address. Psychotherapy theory turns it all on you: you are the one who is wrong.”

Doe Problem School Turns Cities Economy Environment Theory Racism Capitalism Architecture Addresses Exploitation Subjective Psychotherapy School System Architecture School

Author:James Hillman

“[Donald] Trump and all the Republicans believe in the theory of trickle down economics which is a theory discredited even by the author himself David Stockton. The theory suggests that if we take care of the people at the top, if we cut taxes for the wealthy, if we make sure they are doing really well, then the investments that they make in the economy and the jobs that will create, will make everything grow and it will have a trickle down effect on the rest of us.”

People Ifs Believe Wells Care Jobs Grows Economy Cutting Effects Theory Trump Republican Taxes Economics Investment Take Care Wealthy Trickle Down Trickle Down Economics

Author:Debbie Wasserman Schultz

“There are all sorts of institutions in the economic world which depart from the simple price/market model which I worked on in an earlier incarnation and which has been sort of the mainstream of economic theories since Adam Smith and David Ricardo. There are all sorts of contractual relations between firms and individuals which do not conform to the simple price theory - profit-sharing schemes and so forth - and the explanation for these suddenly became clear. We now understand why these emerged and that they are based on differences in information in the economy.”

“Whenever you have dynamic interactions between 300 million people and the American economy acting in really complex ways, that introduces a degree of almost chaos theory to the system, in a literal sense.”

People Way Acting Millions Economy Theory Degrees Complexes Chaos Interaction Introducing Literal American Economy Chaos Theory

Author:Nate Silver

“The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.”

Facts Change Numbers Opinion Economy Generations Theory Economics Details Observation Persist

Author:Adam Smith

“Facts do not speak for themselves. They speak for or against competing theories. Facts divorced from theories or visions are mere isolated curiosities.”

Facts Speak Vision Economy Theory Mere Curiosity Divorce Isolated Competing Divorced

Book:A Conflict of Visions: Idealogical Origins of Political Struggles

Source: A Conflict of Visions: Idealogical Origins of Political Struggles

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