Political Economy Quotes - Page 2

• The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove self-government in finance, impossible! What shall we think of men who, having dethroned kings, demolished popes, destroyed slave oligarchies and assailed tariff monopoly, advise submission to the most oppressive and dishonest of despotisms, Usury?

  Ezra Heywood

  Kings, Men, Thinking

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• Every great creative idea, formulated as a philosophy, has a social setting - in time, in a geographical location, in a political economy, in a matrix of interests and knowledge. It is not a free-swinging phenomenon like a balloon without moorings. It is not produced in a vacuum and, being creative, it does not work in a vacuum. Nurtured on things experienced and things known, it reaches out toward the unknown like a flower on a stalk growing out of the soil.

  Mary Ritter Beard

  Philosophy, Flower, Ideas

  Mary Ritter Beard, Ann J. Lane (1977). “Making Women's History: The Essential Mary Ritter Beard”, p.168, Feminist Press at CUNY

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• The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.

  David Ricardo

  Errors, Political, Demand

  David Ricardo, John Ramsay McCulloch (1852). “The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch”, p.232

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• Some writers maintain arithmetic to be only the only sure guide in political economy; for my part, I see so many detestable systems built upon arithmetical statements, that I am rather inclined to regard that science as the instrument of national calamity.

  Jean-Baptiste Say

  Political, Economy, Guides

  Jean Baptiste Say, Clement Cornell Biddle (1851). “A treatise on political economy”, p.188

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• Wherefore it is impossible to succeed in comparing wealth of different eras or different nations. This, in political economy, like squaring the circle in mathematics, is impracticable, for want of a common mean or measure to go by.

  Jean-Baptiste Say

  Mean, Circles, Political

  Jean Baptiste Say (1827). “A treatise on political economy: or, The production, distribution and consumption of wealth”, p.191

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• The invocation of social necessity should alert us. It contains the seeds for Marx's critique of political economy as well as for his dissection of capitalism.

  David Harvey

  Political, Economy, Social

  "The Limits To Capital". Book by David Harvey, 1982.

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• Marx set out to resolve the contradictions and to correct the errors in classical political economy. In this he thought he had succeeded very well. Judging by the sound and the fury of the controversy surrounding his interpretations, he either succeeded too well or deluded himself to the success of his enterprise.

  David Harvey

  Errors, Judging, Political

  "The Limits To Capital". Book by David Harvey, 1982.

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• A cold-blooded, calculation, unprincipled, usurper, without a virtue, no statesman, knowing nothing of commerce, political economy, or civil government, and supplying ignorance by bold presumption.

  Thomas Jefferson

  Ignorance, Knowing Nothing, Government

  Thomas Jefferson, Henry Augustine Washington (1859). “The Writings of Thomas Jefferson: Correspondence”, p.352

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• Basically political economy - that you have to look at how funding structures shape the media landscape. You have to look at commercial interests, consolidation - the economy structures are experience.

  Astra Taylor

  Media, Political, Looks

  Source: therumpus.net

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• Because of the oil-and-water relationship governments have cultivated between ethics and political economy, speaking in plain terms - spelling it out as it is - as become foreign to the public. So here goes: When government sports a surplus, this implies that the political pickpockets have stolen more funds than they can possibly dream of spending. The property is not theirs to keep! Conversely, when deficits are reported, this means that the kleptomaniacs have not been able to steal sufficient funds to cover their profligacy.

  Ilana Mercer

  Sports, Dream, Mean

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• All the controversialists who have become conscious of the real issue are already saying of our ideal exactly what used to be said of the Socialists' ideal. They are saying that private property is too ideal not to be impossible. They are saying that private enterprise is too good to be true. They are saying that the idea of ordinary men owning ordinary possessions is against the laws of political economy and requires an alteration in human nature.

  Gilbert K. Chesterton

  Real, Men, Law

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• 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.

  Jean-Baptiste Say

  Wisdom, Reality, Political

  Jean Baptiste Say (1936). “Letters to Thomas Robert Malthus on Political Economy and Stagnation of Commerce”, p.6, Lulu.com

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• It has been said, and perhaps with truth, that the conclusions of Political Economy partake more of the certainty of the stricter sciences than those of most of the other branches of human knowledge.

  Thomas Malthus

  Political, Branches, Economy

  Thomas Malthus (2015). “An Essay on the Principle of Population and Other Writings”, p.240, Penguin UK

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• Among minor alterations, I may mention the substitution for the name political economy of the single convenient term economics. I cannot help thinking that it would be well to discard, as quickly as possible, the old troublesome double-worded name of our science.

  William Stanley Jevons

  Thinking, Names, Political

  William Stanley Jevons (1970). “The Theory of Political Economy”, Penguin (Non-Classics)

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• I believe that the harm which Mill has done to the world by the passage in his book on Political Economy in which he favours the principle of Protection in young communities, has outweighed all the good which may have been caused by his other writings.

  Richard Cobden

  Believe, Book, Writing

  "Richard Cobden". Book by Richard Gowing, 1890.

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• the principles of political economy have elevated the working class above the place they ever filled before.

  Richard Cobden

  Class, Political, Principles

  Richard Cobden (1870). “Speeches on Questions of Public Policy”, p.373

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• The truth is, of course, that history is not completed in modern commerce any more than philosophy is perfected in political economy. In other words, there is nothing timeless or God-given about filling stations and penicillin and plastic bags.

  James Buchan

  Philosophy, Political, Bags

  "Market failures". www.theguardian.com. May 2, 2008.

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• Not wishing to be disturbed over moral issues of the political economy, Americans cling to the notion that the government is a sort of automatic machine, regulated by the balancing of competing interests.

  C. Wright Mills

  Government, Issues, Political

  C. Wright Mills (2000). “The Power Elite”, p.242, Oxford University Press

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• Coining "Dismal Science" as a nickname for Political Economy

  Thomas Carlyle

  Political, Nicknames, Economics

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• Human behaviour reveals uniformities which constitute natural laws. If these uniformities did not exist, then there would be neither social science nor political economy, and even the study of history would largely be useless. In effect, if the future actions of men having nothing in common with their past actions, our knowledge of them, although possibly satisfying our curiosity by way of an interesting story, would be entirely useless to us as a guide in life.

  Vilfredo Pareto

  Knowledge, Science, Men

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• Which is to say that culture is not a reflex of political economy, but
  that society is now a reflex of key shifts in music theory and practice....
  [Sampladelia is] the sound made by those early-twentieth-century discoveries
  in particle physics and relativiity theory, the projection of the minds of
  Einstein, Heisenbery, and Bohr, their fateful explorations of liquid time,
  curving space, uncertainty fields and relativity theorems, into densely
  configured and fully ambivalent android music tracks

  Arthur Kroker

  Discovery, Practice, Space

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• From my earliest acquaintance with the science of political economy, it has been evident to my mind that capital was the product of labor, and that therefore, in its best analysis there could be no natural conflict between capital and labor.

  Leland Stanford

  Political, Mind, Analysis

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• There is no part of the administration of government that requires extensive information and a thorough knowledge of the principles of political economy, so much as the business of taxation. The man who understands those principles best will be least likely to resort to oppressive expedients, or sacrifice any particular class of citizens to the procurement of revenue. It might be demonstrated that the most productive system of finance will always be the least burdensome.

  Alexander Hamilton

  Sacrifice, Men, Thorough Knowledge

  Alexander Hamilton, James Madison, John Jay (2016). “The Federalist Papers and the Constitution of the United States: The Principles of the American Government”, p.184, Skyhorse Publishing, Inc.

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• Peace is nothing more than the regulation of the psycho-political economy of awe and reverential fear, of using the threat of terror in order to bind citizens to the circuit of their subjection.

  Simon Critchley

  Order, Political, Citizens

  Simon Critchley (2008). “Infinitely Demanding: Ethics of Commitment, Politics of Resistance”, Verso Books

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• And again, the political economy in that particular environment means that, if my attraction ever coheres as a thought at all, it's never going to be verbalized, because that will mess up the education environment, it will mess up everything. You cannot claim to be doing good if you're moving in that direction.

  Anne Elizabeth Moore

  Moving, Mean, Political

  Source: therumpus.net

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