Economies Quotes (page 12)
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For my part, I think we need more emotion, not less. But I think, too, that we need to educate people in how to feel. Emotionalism is not the same as emotion. We cannot cut out emotion - in the economy of the human body, it is the limbic, not the neural, highway that takes precedence. We are not robots...but we act as though all our problems would be solved if only we had no emotions to cloud our judgement.
Jeanette Winterson
Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
Thomas Sowell
So much about life in a global economy feels as though it has passed beyond the individual's control--what happens to our jobs, to the prices at the gas station, to the vote in the legislature. But somehow food still feels a little different. We can still decide, every day, what we're going to put into our bodies, what sort of food chain we want to participate in. We can, in other words, reject the industrial omelet on offer and decide to eat another.
Michael Pollan
Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.
Milton Friedman
If I existed 200 years ago, all the other farmers in my community would be like, 'That guy is worthless! He's sitting on a rock, jumping up like a frog, coming up with weird concepts and ideas, making faces, and combing his hair into a giant pastry.' It's a good thing I was born in this century, when superfluous television seems to be part of the economy.
Conan O'Brien
Let's just say that if these scientist had been using their brilliance for good instead of evil, cars would run off water vapor and leave fresh compost behind them; no one would be hungry; no one would be ill; all buildings would be earthquake-, bomb-, and flood-proof; and the world's entire economy would have collapsed and been replaced by one based on the value of chocolate.
James Patterson
The paramount doctrine of the economic and technological euphoria of recent decades has been that everything depends on innovation. It was understood as desirable, and even necessary, that we should go on and on from one technological innovation to the next, which would cause the economy to "grow" and make everything better and better. This of course implied at every point a hatred of the past, of all things inherited and free. All things superceded in our progress of innovations, whatever...
Wendell Berry
Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulatesriches.
Ludwig von Mises