Economy is the basis of society. When the economy is stable, society develops. The ideal economy combines the spiritual and the material, and the best commodities to trade in are sincerity and love. — Morihei Ueshiba
A free economy and strong communities honor the dignity of every person, rewarding effort with justice, promoting upward mobility, and building solidarity among citizens. — Paul Ryan
The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes. — John Maynard Keynes
Under capitalism each individual engages in economic planning. — George Reisman
The truth is, we are all caught in a great economic system which is heartless. — Woodrow Wilson
Nature's economy shall be the base for our own, for it is immutable, but ours is secondary. An economist without knowledge of nature is therefore like a physicist without knowledge of mathematics. — Carl Linnaeus
The basis of the free market is anytime you can generate revenue or profit, you've created value in excess of the resources you consume in a society. — Michael Saylor
The new mixed economy looks...for a synergy between public and private sectors. — Anthony Giddens
Money is an information system for labor allocation. — Elon Musk
Political Economy or Economics is a study of mankind in the ordinary business of life. — Alfred Marshall
Yes, free markets tend to produce unequal incomes. We should not be ashamed of that. On the contrary, our system is the envy of the world and should be a source of pride. — Arthur C. Brooks
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. — Ronald Reagan
Economics has been incurably growth-oriented and addicted to everybody growing richer, even at the cost of exhaustion of resources and pollution of the environment. — Kenneth E. Boulding
It is essential to link enterprises on the basis of objective laws of a socialist economy and legal system. — Samora Machel
What Is Economics Quotes
We are not afraid of economic sanctions or military intervention. What we are afraid of is Western universities. — Ruhollah Khomeini
To deal with radicalism and extremism, we need to deal with economic inequality. This is what I learned from my experience in Solo and then in Jakarta. — Joko Widodo
Even the greatest economic thinkers have historically struggled to agree on an answer to the question 'What is money?' — Robert Breedlove
The meaning of life is that it is to be lived, and it is not to be traded and conceptualized and squeezed into a pattern of systems.
We will never know what anyone is really like, until everyone has economic security and doesn't have to answer to anyone else. — Jacque Fresco
Movements have narratives. They tell stories, because they are not just about rearranging economics and politics. They also rearrange meaning. And they're not just about redistributing the goods. They're about figuring out what is good. — Marshall Ganz
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. — Friedrich August von Hayek
Our entire biological system, the brain and the earth itself, work on the same frequencies.
What a country calls its vital economic interests are not the things which enable its citizens to live, but the things which enable it to make war. Petrol is more likely than wheat to be a cause of international conflict. — Simone Weil
Unless we understand what it is that leads to economic and financial instability, we cannot prescribe -- make policy -- to modify or eliminate it. Identifying a phenomenon is not enough; we need a theory that makes instability a normal result in our economy and gives us handles to control it. — Hyman Minsky
If you’ve relied on data and logic alone to make sense of the economy, you’d have been confused for a hundred years straight…So much of what happens in our economy is rooted in emotions, which can, at times, be nearly impossible to make sense of. — Morgan Housel
Look at the declining television coverage. Look at the declining voting rate. Economics and economic news is what moves the country now, not politics. — Robert Teeter
Economic Freedom Quotes
True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made. — Franklin D. Roosevelt
How can wealth persuade poverty to use its political freedom to keep wealth in power? Here lies the whole art of Conservative politics in the twentieth century. — Aneurin Bevan
But let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn belongs to you - and why? — Walter E. Williams
Someone asked me the other day if I believe in conspiracies. Well, sure. Here's one. It is called political system. It is nothing if not a giant conspiracy to rob, trick and subjugate the population.
Of the people, by the people, for the people. — Sun Yat-sen
Justice is never given; it is exacted and the struggle must be continuous for freedom is never a final fact, but a continuing evolving process to higher and higher levels of human, social, economic, political and religious relationship. — A. Philip Randolph
A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both. — Milton Friedman
The more numerous the laws, the more corrupt the government. — Tacitus
Sometimes the lack of substantive freedoms relates directly to economic poverty — Amartya Sen
Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to rule—and both commonly succeed, and are right. — H. L. Mencken
It may be better to live under robber barons than under omnipotent moral busybodies. — C. S. Lewis
Economic Theory Quotes
Don't let anybody tell you it's corporations and businesses that create jobs. — Hillary Clinton
The essence of neo-colonialism is that the State which is subject to it is, in theory, independent and has all the outward trappings of international sovereignty. In reality its economic system and thus its political policy is directed from outside. — Kwame Nkrumah
Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows. — John Kenneth Galbraith
Price is what you pay. Value is what you get.
Justice is the first virtue of social institutions, as truth is of systems of thought. A theory however elegant and economical must be rejected or revised if it is untrue; likewise laws and institutions no matter how efficient and well-arranged must be reformed or abolished if they are unjust. — John Rawls
For the record, feminism by definition is: 'The belief that men and women should have equal rights and opportunities. It is the theory of the political, economic and social equality of the sexes.' — Emma Watson
Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study. — John Kenneth Galbraith
We're all consumers. The consumer is not a moron; she is your wife.
It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory. — David Stockman
Internationalism is a community theory of society which is founded on economic, spiritual, and biological facts. It maintains that respect for a healthy development of human society and of world civilization requires that mankind be organized internationally. — Christian Lous Lange
We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are systematic and predictable. We all make the same types of mistakes over and over, because of the basic wiring of our brains. — Dan Ariely
The economic and social theories used by those who take part in the social struggle ought to be judged not by their objective value but primarily for their effectiveness in arousing emotions. The scientific refutation of them which can be made is useless, however correct it may be objectively. — Vilfredo Pareto
Social Systems Quotes
There must be something rotten in the very core of a social system which increases its wealth without diminishing its misery — Karl Marx
A society with too few independent thinkers is vulnerable to control by disturbed and opportunistic leaders. A society which wants to create and maintain a free and democratic social system must create responsible independence of thought among its young. — John Dewey
The university and in a general way, all teaching systems, which appear simply to disseminate knowledge, are made to maintain a certain social class in power; and to exclude the instruments of power of another social class. — Michel Foucault
I must create a system, or be enslaved by another mans; I will not reason
Our problems stem from our acceptance of this filthy, rotten system. — Dorothy Day
To the contrary, the government they devised was defective from the start, requiring several amendments, a civil war and momentous social transformation to attain the system of constitutional government, and its respect for the individual freedoms and human rights, we hold as fundamental today. — Thurgood Marshall
A system cannot fail those it was never meant to protect — Vann R. Newkirk II
Wealth breeds a class of people for whom human beings are disposable commodities. Once oligarchs achieve unchecked economic and political power, as they have in the United States, the citizens too become disposable.
No social system will bring us happiness, health and prosperity unless it is inspired by something greater than materialism. — Clement Attlee
Inequality can be done away with only by establishing a new society, where men and women will enjoy equal rights, resulting from an upheaval in the means of production and in all social relations. Thus, the status of women will improve only with the elimination of the system that exploits them. — Thomas Sankara
Education must be a great equaliser in our society. It must be the tool to level the differences that our various social systems have created over the past thousands of years. — Rajiv Gandhi
We live in a world where our social system is old, our language is old, the way we acquire goods and services is outdated, our cities are detrimental to our health, chaotic and a tremendous waste of resource, and most of all our politics and values no longer serve us. — Jacque Fresco
Political Systems Quotes
The Republican and Democratic parties, or, to be more exact, the Republican-Democratic party, represent the capitalist class in the class struggle. They are the political wings of the capitalist system and such differences as arise between them relate to spoils and not to principles. — Eugene V. Debs
When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it. — Frederic Bastiat
Every group, every system has a set of values and morals and when you get outside those, then the alarms ring. I was politically incorrect to 95% of the country; luckily my 5% had the bread to come see me. — Lenny Bruce
Saying we should keep the two-party system simply because it is working is like saying the Titanic voyage was a success because a few people survived on life-rafts. — Eugene McCarthy
Many people see technology as the problem behind the so-called digital divide. Others see it as the solution. Technology is neither. It must operate in conjunction with business, economic, political and social system. — Carly Fiorina
The United States brags about its political system, but the President says one thing during the election, something else when he takes office, something else at midterm and something else when he leaves. — Deng Xiaoping
Among the popular and representative systems of government I do not approve of the federal system: it is too perfect; and it requires virtues and political talents much superior to our own. — Simon Bolivar
I was elected by the women of Ireland, who instead of rocking the cradle, rocked the system. — Mary Robinson
Bitcoin links together 8 billion people, links together a hundred million companies, it synchronizes the world across political jurisdictions, and it returns rationality to the entire financial system, and it returns freedom and property rights to the entire human race. — Michael Saylor
We always said that our struggle was not only against the British as representatives of colonialism, it was against all the evil that existed in India. The evil of the feudal system, the evil of the system based on caste, the evil of economic injustice. — Indira Gandhi
God, how patient are Thy poor! These corporations and masters of manipulation in finance heaping up great fortunes by a system of legalized extortion, and then exacting from the contributors-to whom a little means so much-a double share to guard the treasure! — Sayings
In the course of history periods of capitalism and socialism alternate with one another; capitalism is the unnatural, socialism the natural economic system... The National Socialists and the Red Front have the same aspirations. The Jews falsified the Revolution in the form of Marxism and that failed to bring fulfilment. — Heinrich Himmler
The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another. — Milton Friedman
We must work our destiny in our own way and present to the world an economic system based on true Islamic concept of equality of manhood and social justice. We will thereby be fulfilling our mission as Muslims and giving to humanity the message of peace which alone can save it and secure the welfare, happiness and prosperity of mankind. — Muhammad Ali Jinnah
The wealth of the nation is its air, water, soil, forests, minerals, rivers, lakes, oceans, scenic beauty, wildlife habitats and biodiversity... that's all there is. That's the whole economy. That's where all the economic activity and jobs come from. These biological systems are the sustaining wealth of the world. — Gaylord Nelson
Equal justice under law is not merely a caption on the facade of the Supreme Court building, it is perhaps the most inspiring ideal of our society. It is one of the ends for which our entire legal system exists...it is fundamental that justice should be the same, in substance and availability, without regard to economic status. — Lewis F. Powell, Jr.
However, Argentina has not always used its advantages to the fullest. A hundred years ago it was among the ten richest countries in the world — ahead of France and Italy. But a failure to diversify, a stratified and unfair society, a poor education system, a succession of coup d’etat, and the wildly differing economic policies in the last 30 years has seen a sharp decline in Argentina’s status. The Brazilians have a joke about their snobbish neighbors: ‘Only people this sophisticated could make a mess this big.’ — Tim Marshall
The system that enables the most people to earn the most success is free enterprise, by matching up people's skills, interests, and abilities. In contrast, redistribution simply spreads money around. Even worse, it attenuates the ability to earn success by perverting economic incentives. — Arthur C. Brooks
I believe that we can create a poverty-free world because poverty is not created by poor people. It has been created and sustained by the economic and social systems that we have designed for ourselves; the institutions and concepts that make up that system; the policies that we pursue. — Muhammad Yunus
As members of a social species endowed with large brains, we are natural-born marketers. Capitalism, the economic system that has elevated innumerable people out of abject poverty and misery, is founded on marketing. Everything that defines your daily existence has the indelible marks of marketing on it. — Gad Saad
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 — Ellen MacArthur
Today we have access to highly advanced technologies. But our social and economic system has not kept up with our technological capabilities that could easily create a world of abundance, free of servitude and debt. — Jacque Fresco
Health is more than absence of disease; it is about economics, education, environment, empowerment, and community. The health and well being of the people is critically dependent upon the health system that serves them. It must provide the best possible health with the least disparities and respond equally well to everyone. — Joycelyn Elders
At Coinbase, our mission is to create an open financial system for the world. We believe that open protocols for money will create more innovation, economic freedom, and equality of opportunity in the world, just like the Internet did for publishing information. — Brian Armstrong
We must build a high-level socialist market economic system, adhere to and improve the basic socialist economic system, unswervingly consolidate and develop the public ownership system, unswervingly encourage and support the development of the privately owned economy, give full play to the decisive role of the market in the allocation of resources, and give better play to the role of the government. — Xi Jinping
To the grumbler who complains about the unfairness of the market system only one piece of advice can be given: If you want to acquire wealth, then try to satisfy the public by offering them something that is cheaper or which they like better....Equality under the law gives you the power to challenge every millionaire. — Ludwig von Mises
Because it is located so far south, and the coastal plain quickly rises into highland, South Africa is one of the very few African countries that do not suffer from the curse of malaria, as mosquitoes find it difficult to breed there. This allowed European colonialists to push into its interior much farther and faster than in its malaria-riddled tropics, settle, and begin small-scale industrial activity that grew into what is now southern Africa's biggest economy. For most of southern Africa, doing business with the outside world means doing business with South Africa, which has used its wealth and location to tie its neighbors into its transport system, meaning there is a two-way rail and road conveyor belt stretching from its ports north through Zimbabwe, Botswana, Zambia, Malawi, Tanzania, Mozambique, even a province of the DRC. A new Chinese-built railway from Katanga to the Angolan coast has been laid to challenge this dominance and might take some traffic from the DRC, but South Africa looks destined to maintain its advantages. — Tim Marshall
In a free market capitalist system, 'price signals' are everything. Prices are determined by buyers and sellers in the free market, and these prices are broadcast from the exchanges, reaching all corners of the economy - where they are used to transact business. — Max Keiser
If we did not have a patent system, it would be irresponsible, on the basis of our present knowledge of its economic consequences, to recommend instituting one. But since we have had a patent system for a long time, it would be irresponsible, on the basis of our present knowledge, to recommend abolishing it. — Fritz Machlup
The entire political class and ruling Wall Street class are zero-percent-interest zombies who talk about 'deflation' in the value of their second, third, and fourth homes. This is paper-deflation, zombie-deflation, and has nothing to do with the real economy. — Max Keiser
If the bringing of children into the world is today an economic burden, it is because the social system is inadequate; and not because God’s law is wrong. Therefore the State should remove the causes of that burden. The human must not be limited and controlled to fit the economic, but the economic must be expanded to fit the human. — Fulton J. Sheen
The United States summoned representatives of its allies to Bretton Woods in New Hampshire to discuss formulating a new global trading system. History has not been very kind to the architects of this system. Britain's representative was none other than John Maynard Keynes, whose economic teachings were to be wrecked on the shores of reality in the decades following the war, while America's representative, Harry Dexter White, would later be uncovered as a Communist who was in contact with the Soviet regime for many years. — Saifedean Ammous
There can be no peace in the world so long as a large proportion of the population lack the necessities of life and believe that a change of the political and economic system will make them available. World peace must be based on world plenty. — John Boyd Orr
It's a historical phenomenon that in 250 years, a nation could move from a colony into the most prosperous nation of the world and the leader of the world. It is indeed an achievement, a tribute to the talent of the American nation, the American people and an optimal political and economic system. — Vladimir Putin
And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works — Frederic Bastiat
The notion that aid can alleviate systemic poverty, and has done so, is a myth. Millions in Africa are poorer today because of aid; misery and poverty have not ended but increased. Aid has been, and continues to be, an unmitigated political, economic, and humanitarian disaster for most parts of the developing world. — Dambisa Moyo
What is called 'capitalism'is basically a system of corporate mercantilism, with huge and largely unaccountable private tyrannies exercising vast control over the economy, political systems, and social and cultural life, operating in close cooperation with powerful states that intervene massively in the domestic economy and international society. — Noam Chomsky
The unforgivable sin of Hitler's Germany was to develop a new economic system by which the international bankers were deprived of their profits. — Unknown Author
If our economic system is to survive, there has to be a better distribution of wealth ... we can't have a system where some people live in superfluous, inordinate wealth, while others live in abject deadening poverty. — Martin Luther King, Jr.
Evolution is the root of atheism, of communism, nazism, behaviorism, racism, economic imperialism, militarism, libertinism, anarchism, and all manner of anti-Christian systems of belief and practice. — Henry M. Morris
If you lived with a roommate as unstable as this economic system, you would’ve moved out or demanded that your roommate get professional help. — Richard D. Wolff
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