Economic Quotes - Page 20

The use of mathematics has brought rigor to economics. Unfortunately, it has also brought mortis.

A market is not politically neutral; its existence creates economic power which one actor can use against another.

You were probably educated in the conventional economic theories of your period which were magnificent and most ingenious, but--if you will pardon my saying so--all wrong.

As racial, economic and national groups, they take for themselves, whatever their power can command.

Only a true faith that applies God’s Word to everything-incl uding economics-will lead to the revival and reformation our culture needs so badly.

Let us remember well, however, that whenever food is thrown out it is as if it were stolen from the table of the poor, from the hungry!

We all have an unknown ability, which will probably remain unknown forever. And yet that ability can become our ally. Since it’s impossible to measure that ability or give it an economic value, it’s never taken seriously.

Man does not live by GNP alone.

Here's the problem if you keep raising tax rates: You slow down economic growth.

We put a gender lens on our whole value chain.

The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhythms and fluctuations of developed economies.

By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, economics denies even all "respectability" to the distinction between essential and non-essential consumption, between productive and unproductive labor, between actual and potential surplus.

I think what we need is goodwill because now our struggle is harder because it is an economic struggle. And now Europe is organising itself. So I think there needs to be a rupture between Africa and Europe, and all the international laws being conceived here in the west have to be revisited and changed.

The truth is never pure and rarely simple.

Instead of ideological objectives of a political nature, today we are faced with ideological objectives of economic nature.

I've always had an interest in geopolitics and macroeconomics.

Decreasing economic growth and increasing inequality leads to increased uncertainty.

Have you heard a single national figure tell you all of the crises of the recent past are not economic, they're cultural?

It doesn't have the ability to think rationally this economic model. It thinks like a drug addict: 'Where can I get my next fix?' It doesn't learn wisely. Any kind of measure of natural wisdom would be: you make a mistake, you correct it the next time around. But a drug addict feels terrible... and then says: 'I want more'. Unfortunately we have an economic model that thinks like a crack addict.

So the need for another economic model is urgent, and if the climate justice movement can show that responding to climate change is the best chance for a more just economic system.

The myth of the inevitability of economic globalization is based largely on the work of Milton Friedman, and easily the most underreported story of our time is that the current economy proves Friedman flatly wrong.

I remember Secretary of State [George] Shultz one day saying that America is an economic model for the world. I replied to him that America represents 5 percent of the world's population and consumes 30 percent of the world's energy. What if everyone in the world lives like Americans? Where do we get the energy for this standard of living?

You can have a wages policy imposed by mass unemployment.

The Tories win elections when they lead on economic competence.

First, I think the science of monetary economics has clearly gotten better.