Our economy is at war with many forms of life on earth, including human life. What the climate needs to avoid collapse is a contraction of humanity's use of resources; what our economic model demands to avoid collapse is unfettered expansion. Only one of these sets of rules can be changed, and it's not the laws of nature— Naomi Klein
Killer Economic Models quotations
All models are wrong, but some are useful.
The linear 'Take - Make - Dispose' system, which depletes natural resources and generates waste, is deeply flawed and can be productively replaced by a restorative model in which waste does not exist as such but is only food for the next cycle
This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model, for the first time in human history.
I wish we questioned the aid model as much as we are questioning the capitalism model. Sometimes the most generous thing you can do is just say no.
And this fear that US models are replacing everything else now spills over from the sphere of culture into our two remaining categories: for this process is clearly, at one level, the result of economic domination - of local cultural industries closed down by American rivals.
The communist model does not work economically, we all realised that, but the capitalist model in the modern world also looks to be unsustainable.
I have a lot of trouble understanding all the detail of finance and administration - but if you combine intellectual and professional capacity with a social conscience, you can change things: countries, structures, economic models, colonial states.
Whatever their limitations, Freud and Marx developed complex and subtle theories of human nature grounded in their observation of individual and social behavior. The crackpot rationalism of free-market economics merely relies on an abstract model of how people "must" behave.
We are committed with our lives to building a different model and a different future for humanity, the Earth, and other species. We have envisaged a moral alternative to economic globalization and we will not rest until we see it realized.
What counts is results, and there can be no doubt that the Soviet planning system has been a powerful engine for economic growth...The Soviet model has surely demonstrated that a command economy is capable of mobilizing resources for rapid growth.
The European model is, first, a social and economic system founded on the role of the market, for no computer in the world can process information better than the market.
Costa Rica remains peacefully and firmly committed to the well- being and safety of our population. We promote a model of development based upon harmony with nature; solidarity and social inclusion; economic and trade opening; development of our human resources, and innovation.
We are at this weird moment where there's an economic model that supports creativity. People are demanding something new and fresh.
I grew up with free television. Now, it wasn't free, there was these commercials, and so the economic model was driven through commercials and through advertising.
I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models.
Nothing in these abstract economic models actually works in the real world.
It doesn't matter how many footnotes they put in, or how many ways they tinker around the edges. The whole enterprise is totally rotten at the core: it has no relation to reality.
You must know the big ideas in the big disciplines, and use them routinely - all of them, not just a few. Most people are trained in one model - economics, for example - and try to solve all problems in one way. You know the old saying: to the man with a hammer, the world looks like a nail. This is a dumb way of handling problems.
Japan is a model already to the lie that economic growth is the key to our future. If they can really show an alternative to nukes and fossil fuels, then they will be the poster boy for the renewable energy for the future.
We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
In spite of our poverty and our economic dependence, we do not have to give in, neither because we are sometimes abandoned nor because of the wish of some nations to impose their economic or political models.
A lot of the interesting issues and dynamics within a city occur over things such as socio-economic issues or ethnic issues. But they require a much more elaborate model of human behavior.
The good news is that, at least in economics, I've seen movement away from its overemphasis on mathematical models of purely rational behavior to a more eclectic and commonsense approach: research that is, among other things, more respectful of insights from psychology.
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?
The United States is such a potent political, cultural, and economic model in the evocation of the contemporary world, that to come here, select some elements from the prototype and rearrange them, that's really interesting artistically.
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.
For far too long economists have sought to define themselves in terms of their supposedly scientific methods. In fact, those methods rely on an immoderate use of mathematical models, which are frequently no more than an excuse for occupying the terrain and masking the vacuity of the content.
Hume develops his arguments by a series of models.
He doesn't call them models in the pretentious way in which we envelope, very often, pure banalities in this jargon
When I look at founders and CEOs like Mark Zuckerberg at Facebook and Brian Chesky at Airbnb and Sebastian Thrun at Udacity, these are companies that are creating extraordinary social good and extraordinary economic and educational empowerment, all within with context of a for-profit model.
The most glaring deficiency in traditional economic models is that they completely ignore the role of context in evaluation.
Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation.
Yet in order to make sure the European social model keeps up with the pace of economic change that is now necessary, the EU must embrace a new approach to lawmaking.
On Brexit, the Conservatives are divided, not only about the tactics but also about the end goal. Some of them deeply and profoundly believe ideologically in a deregulated, low-tax, free-market economy. Others still favor the economic and political model that we operated with in Europe over many decades. The Labour party is united in what we are trying to achieve.
I'm not currently into economic textbooks, but my grandchildren tell me that the book by Gregory Mankiw, former head of the white house council of economic advisers is a model of intelligence and clarity. Why not try that one.
The aim of academic trade theory is to tell students, "Look at the model, not at how nations actually develop." So of all the branches of economic theory, trade theory is the most wrongheaded.