Economy Quotes - Page 20

• 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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• It has been very humbling and gratifying to have these men as our role models. Your generation enabled America to close out the twentieth century as the greatest nation in the history of mankind, the only remaining superpower, the world's leading economy and the world's most respected and feared military force in the world - respected by our friends and allies, feared by our adversaries.

  Eric Shinseki

  Military, Men, America

  "Rising Sons: The Japanese American GIs Who Fought for the United States". Book by Bill Yenne, 2007.

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• The focus of all life is its economy, the mode through which every living creature produces its material existence. I know no other criterion for the evaluation of social life except that of social economy. In society, just like anywhere else, the mode of production is the focus around which revolve all the modes of life: in the historical life of conscious beings, it is also the focus of all modes of consciousness.

  Moses Hess

  Focus, Historical, Evaluation

  "Briefwechsel". Book by Moses Hess, p. 253, 1959.

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• I don't think anyone can answer whether the Fed is going to have to tighten beyond neutral, ... You have to be looking at the economy going forward and that changes as additional data comes in.

  Michael H. Moskow

  Thinking, Data, Neutrality

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• You have given us something more than money, you have given us a lot of your sons, your children that were killed beside our own children in Iraq. Iraqi people are insistent on going along the path for their economy and their security, but we do need the help of other countries who will help us, to stand beside us.

  Ibrahim al-Jaafari

  Country, Children, Son

  "CNN Live Today", www.cnn.com. June 24, 2005.

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• The work of an advertising agency is warmly and immediately human. It deals with human needs, wants, dreams and hopes. Its 'product' cannot be turned out on an assembly line.

  Leo Burnett

  Dream, Agency, Needs

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• I don't mean to imply that we are in imminent danger of being wiped off the face of the earth - at least, not on account of global warming. But climate change does confront us with profound new realities. We face these new realities as a nation, as members of the world community, as consumers, as producers, and as investors. And unless we do a better job of adjusting to these new realities, we will pay a heavy price. We may not suffer the fate of the dinosaurs. But there will be a toll on our environment and on our economy, and the toll will rise higher with each new generation.

  Eileen Claussen

  Jobs, Mean, Fate

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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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• Production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.

  Immanuel Wallerstein

  Men, Long, World

  Immanuel Wallerstein (1979). “The Capitalist World-Economy”, p.15, Cambridge University Press

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• At 2 per cent growth a year, an economy doubles in size in just thirty years.

  Paul Ormerod

  Years, Growth, Size

  "The Death of Economics". Book by Paul Ormerod, 1994.

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• The behavior of the economy as a whole, at the aggregate, macro-level, is built up from the individual equations at the micro-level.

  Paul Ormerod

  Levels, Behavior, Individual

  "The Death of Economics". Book by Paul Ormerod, 1994.

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• 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.

  Paul Ormerod

  Views, World, Economics

  "The Death of Economics". Book by Paul Ormerod, 1994.

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• Many Europeans, while admiring the strength and power of the American economy, undoubtedly feel that the system of social values which prevails in the United States, manifested in the acute problems evident in the inner cities and the level of violent crime, for example, leaves much to be desired.

  Paul Ormerod

  Social Values, Cities, United States

  "The Death of Economics". Book by Paul Ormerod, 1994.

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• One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.

  Jim Stanford

  People, Poverty, Wealth

  Jim Stanford (2008). “Economics for everyone: a short guide to the economics of capitalism”, Pluto Pr

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• The only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of this economy, and stand up for something better. Capitalism will not fall-rather, it must be pushed.

  Jim Stanford

  Fall, Order, Challenges

  "Economics For Everyone". Book by Jim Stanford, 2008.

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• The ideal situation for any state is to experience sharp economic growth while its rivals' economies grow slowly or hardly at all.

  John Mearsheimer

  Growth, Rivals, Economic

  John J. Mearsheimer (2003). “The Tragedy of Great Power Politics (Updated Edition)”, p.161, W. W. Norton & Company

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• The transition from coal, oil, and gas to wind, solar, and geothermal energy is well under way. In the old economy, energy was produced by burning something - oil, coal, or natural gas - leading to the carbon emissions that have come to define our economy. The new energy economy harnesses the energy in wind, the energy coming from the sun, and heat from within the earth itself.

  Lester R. Brown

  Oil, Carbon Emissions, Wind

  "Plan B 4.0: Mobilizing to Save Civilization". Book by Lester R. Brown, October 5, 2009.

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• We usually think that a strong economy leads to an increase in life satisfaction among the population. We found that's not the case in Scotland.

  David Blanchflower

  Strong, Thinking, Scotland

  Dartmouth College news release, July 30, 2004.

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• I think it is fair to say that 2007 represents a turning point for the Irish economy.

  Brian Cowen

  Thinking, Turning Points, Fairs

  "Lenihan Has No Choice but to Stick to His Guns". www.irishtimes.com. November 13, 2009.

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• Over a wide field of our economy it is still the better course to rely on the nineteenth century's "hidden hand" than to thrust clumsy bureaucratic fingers into its sensitive mechanism. In particular, we cannot afford to damage its mainspring, freedom of competitive enterprise.

  John James Cowperthwaite

  Hands, Fields, Damage

  Official Report of Proceedings of the Hong Kong Legislative Council (p. 133), March 30, 1962.

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• Industrial production, the flow of resources in the economy, the exertion of military effort in a war, the management of finances --all require the coordination of interrelated activities. What these complex undertakings share in common is the task of constructing a statement of actions to be performed, their timing and quantity (called a program or schedule), that, if implemented, would move the system from a given initial status as much as possible towards some defined goal

  George Dantzig

  Military, War, Moving

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• Industrial production, the flow of resources in the economy, the exertion of military effort in a war theater-all are complexes of numerous interrelated activities. Differences may exist in the goals to be achieved, the particular processes involved, and the magnitude of effort. Nevertheless, it is possible to abstract the underlying essential similarities in the management of these seemingly disparate systems.

  George Dantzig

  Military, War, Differences

  George Dantzig (2016). “Linear Programming and Extensions”, p.1, Princeton University Press

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• The world economy diffuses rather than concentrates wealth.

  Robert Gilpin

  World, Wealth, World Economy

  Robert Gilpin (2016). “The Political Economy of International Relations”, p.85, Princeton University Press

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• The opposing tendencies of concentration and spread are of little consequence in the liberal model of political economy.

  Robert Gilpin

  Political, Littles, Tendencies

  Robert Gilpin (2016). “The Political Economy of International Relations”, p.94, Princeton University Press

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• 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.

  Max Horkheimer

  Men, Long, Principles

  "Critical Theory: Selected Essays" by Max Horkheimer, (p. 133), 1982.

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