Economy Quotes  

If we get a government that reflects more of what this country is really about, we can turn the century -- and the economy -- around.
-- Bella Abzug

For the economy I want workers and consumers to have control over their own economic lives. I want everyone to have fair conditions that fully utilize their talents and potentials. I want incomes that accord with the efforts people expend in their labors. I want what is produced, by whom, under what conditions, and with who consuming the result--all determined in accord with enhancing human well-being and development and all decided by the people involved and affected. I want an end to hierarchies of power and wealth and to class division with most actors subordinated to an elite few. To accomplish all these ends I favor the institutions of participatory economics -- worker and consumer councils, remuneration for effort and sacrifice, balanced job complexes, and participatory planning. If someone should demonstrate that those institutions somehow fail to accomplish necessary economic functions or have social or personal by-products that outweigh their benefits -- I would simply return to the drawing board. Exploitation, alienation, poverty, disempowerment, fragmenting and debilitating labor, production for the profit of a few -- much less harsh homelessness, starvation, and degradation -- are not like gravity. They arise from institutional relations established by human beings. New institutions, also established by human beings, can generate other vastly superior outcomes. Defining and working to attain those new institutions ought to be our economic agenda.
-- Michael Albert

The purpose of economic theory is to make those who are comfortable FEEL comfortable.
-- Lord Balogh

I think it must be conceded that it is possible to create a society in which the response to market failure is not a swing to socialism, but an exacerbation of individual efforts to stay ahead by making and spending yet more money. Does the public health service have long waiting lists and inadequate facilities? Buy private insurance. Has public transport broken down? Buy a car for each member of the family above driving age. Has the countryside been built over or the footpaths eradicated? Buy some elaborate exercise machinery and work out at home. Is air pollution intolerable? Buy an air-filtering unit and stay indoors. Is what comes out of the tap foul to the taste and chock-full of carcinogens? Buy bottled water. And so on. We know it can all happen because it has: I have been doing little more than describing Southern California. Now it is worth noticing two things about the private substitutes that I have described. The first is that in the aggregate they are probably much more expensive than would be the implementation of the appropriate public policy. The second is that they are extremely poor replacements for the missing outcomes of good public policy. Nevertheless, it is plain that the members of a society can become so alienated from one another, so mistrustful of any form of collective action, that they prefer to go it alone.
-- Brian Barry

People nowadays interchange gifts and favors out of friendship, but buying and selling is considered absolutely inconsistent with the mutual benevolence which should prevail between citizens and the sense of community of interest which supports our social system. According to our ideas, buying and selling is essentially anti-social in all its tendencies. It is an education in self-seeking at the expense of others, and no society whose citizens are trained in such a school can possibly rise above a very low grade of civilization
-- Edward Bellamy

 

"People would do well to ask themselves how many of their ambitions and aspirations derive from the type of economic system they inhabit and the insecurity and exhaustion it creates, and question the sense and purpose of a society where control of a large portion of life is abdicated under contract in the labour market, and where immense creativity and potential is stifled by the need to do difficult and repetitive tasks in order to earn a wage."
-- Tony Benn

"The nature of the economic system should be a matter for public choice, and free market capitalism should not be accepted without any discussion of the rich variety of alternatives ... Unlike civil laws, economic laws are imposed on people with all the authority of immutable laws of nature. But the economy is created by people, supported by government intervention, regulation, statute and subsidy, and implemented in such a way that it gives substantial wealth and power to a privileged few, while the majority face a life of relentless work, stress and periodic financial insecurity."
-- Tony Benn

It is no longer a single historical world--as it has been from the beginning of the nineteenth century onwards. Nor is it any longer ours. We, in our culture of commodities, are living our crisis; the rest of the world are living theirs. Our crisis is that we no longer believe in a future. Their crisis is us. The most we want is to hang on to what we've got. They want the means to live. That is why our principal preoccupations have become private and our public discourse is compounded of spite. The historical and cultural space for public speech, for public hopes and action, has been dismantled. We live and have our being today in private coverts.
-- John Berger

Why are we so zealous, then, about the private sector? We persist in designating a large part of the economy as private so that we can disavow public responsibility for its evils and claim individual merit for its blessings. As a civic body, we are reluctant to countenance and cure the deprivations of the poor, the damage to the environment, and the trivialization of culture that are the depressing concomitants of our advanced industrial economy. At the same time applauding the rich and powerful who claim their privileges as the fruits of their rugged and individual efforts, we sanction our positions and our aspirations
-- Albert Borgmann

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 Boulding


When everything is worth money, then money is worth nothing.
-- David Byrne

We have created not a Brave New World, but a vulgar marketplace, where human attributes come with a price tag.
-- Linda Chavez

Why should workers agree to be slaves in a basically authoritarian structure? They should have control over it themselves. Why shouldn?t communities have a dominant voice in running the institutions that affect their lives?
-- Noam Chomsky

The real world of American society is one which it is very misleading to call simply a democracy. Of course, it is in a sense a democracy, but it is one in which there are enormous inequities in the distribution of power and force. For example, the entire commercial and industrial system is in principle excluded from the democratic process, including everything that goes on within it
-- Noam Chomsky

Representative democracy, as in, say, the United States or Great Britain, would be criticized by an anarchist of this school on two grounds. First of all because there is a monopoly of power centralized in the State, and secondly?and critically?because representative democracy is limited to the political sphere and in no serious way encroaches on the economic sphere. Anarchists of this tradition have always held that democratic control of one?s productive life is at the core of any serious human liberation, or, for that matter, of any significant democratic practice. That is, as long as individuals are compelled to rent themselves on the market to those who are willing to hire them, as long as their role in production is simply that of ancillary tools, then there are striking elements of coercion and oppression that make talk of democracy very limited, if even meaningful.
-- Noam Chomsky

All public resources go to the rich. The poor, if they can survive in the labor market, fine. Otherwise, they die. That's economics in a nutshell.
-- Noam Chomsky

In a country well governed poverty is something to be ashamed of. In a country badly governed wealth is something to be ashamed of.
-- Confucius

The superior person understands rightness; the inferior person understands profit
-- Confucius

We want a system in which the worker shall get what he produces and the capitalist shall produce what he gets.
-- Euguene V. Debs

The economic owning class is always the political ruling class.
-- Euguene V. Debs

The ultimate aim of production is not production of goods but the production of free human beings associated with one another on terms of equality.
-- John Dewey
 

"This crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation for his future. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals."
-- Albert Einstein


Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power. The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other
-- Milton Friedman

The accepted ideas of any period are singularly those that serve the dominant economic interest...What economists believe and teach, whether in the United States or in the Soviet Union, is rarely hostile to the institutions -- the private business enterprise, the Communist Party -- that reflect the dominant economic power. Not to notice this takes effort, although many succeed.
-- John Kenneth Galbraith

From the point of view of the economy, the sale of weapons is indistinguishable from the sale of food. When a building collapses or a plane crashes, it?s rather inconvenient from the point of view of those inside, but it?s altogether convenient for the growth of the gross national product, which sometimes ought to be called the "gross criminal product."
-- Eduardo Galeano

So long as all the increased wealth which modern progress brings goes but to build up great fortunes, to increase luxury and make sharper the contrast between the House of Have and the House of Want, progress is not real and cannot be permanent.
-- Henry George

I think our main foreign policy is economic policy but to think that economic policy is not environmental policy is to sort of, miss the point. You know you can't have economic development without impact on the biosphere.
~ Randy Hayes

Economic policy turns out to be the most important environmental policy.
~ Randy Hayes

 

If we assume that the purpose of the economy is to serve and improve the welfare of the entire body of citizens, the U.S. model has clearly been a major failure. It has served a minority, and the majority have not only failed to share in the income gains yielded by the model, they have suffered from reduced benefits, greater job instability and stress, and a diminution of expectations and sense of hope for the future.
-- Edward S. Herman

American consumerism is about buying things we don't need, with money we don't have, to impress friends we don't have time for.
-- Leo Horrigan

The gross national product includes air pollution and advertising for cigarettes, and ambulances to clear our highways of carnage. It counts special locks for our doors, and jails for the people who break them ... It does not allow for the health of our families, the quality of thier education, or the joy of their play.
-- Robert F. Kennedy

The love of money as a possession--as distinguished from the love of money as a means to the enjoyments and realities of life--will be recognized for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease
-- John Maynard Keynes

We must recognize that we can't solve our problems now until there is a radical redistribution of economic and political power....[What is required is] a radical restructuring of the architecture of American society.
-- Martin Luther King, Jr


But once we concede that people do care about status, it necessarily follows that the status competition that makes people buy expensive consumer goods in order to impress other people constitutes a failure of the market economy - a failure as real as traffic congestion, or pollution, or any other activity in which the individual pursuit of self-interest leads to a collectively bad outcome. Suppose that we could somehow agree to stop competing over who has the fanciest car; everyone could then work a bit less, spend more time with their families, and raise the sum total of human happiness. Or to put it a bit differently, Americans (or at least the top few percent of the income distribution) have gotten into a sort of arms race of conspicuous consumption that, like most arms races, consumes huge quantities of resources yet in the end changes little.
--Paul Krugman

"This focus on money and power may do wonders in the marketplace, but it creates a tremendous crisis in our society. People who have spent all day learning how to sell themselves and to manipulate others are in no position to form lasting friendships or intimate relationships... Many Americans hunger for a different kind of society -- one based on principles of caring, ethical and spiritual sensitivity, and communal solidarity. Their need for meaning is just as intense as their need for economic security."
-- Michael Lerner

I confess that I am not charmed with the ideal of life held out by those who think that the normal state of human beings is that of struggling to get on; that the trampling, crushing, elbowing, and treading on each other's heels, which form the existing type of social life, are the most desirable lot of human beings
-- John Stuart Mill

These temple destroyers, devotees of ravaging commercialism, seem to have a perfect contempt for Nature, and, instead of lifting their eyes to the God of the mountains, lift them to the Almighty Dollar.
~ John Muir

Anyway that's a large part of what economics is -- people arbitrarily, or as a matter of taste, assigning numerical values to non-numerical things. And then pretending that they haven't just made the numbers up, which they have. Economics is like astrology in that sense, except that economics serves to justify the current power structure, and so it has a lot of fervent believers among the powerful
-- Kim Stanley Robinson

The first man who, having fenced off a plot of land, thought of saying, 'This is mine' and found people simple enough to believe him was the real founder of civil society. How many crimes, wars, murders, how many miseries and horrors might the human race had been spared by the one who, upon pulling up the stakes or filling in the ditch, had shouted to his fellow men: 'Beware of listening to this imposter; you are lost if you forget the fruits of the earth belong to all and that the earth belongs to no one.
Jean Jacques Rousseau, 1755

Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate
-- Bertrand Russell

Our civilization is locked in the grip of an ideology - corporatism. An ideology that denies and undermines the legitimacy of individuals as the citizen in a democracy. The particular imbalance of this ideology leads to a worship of self-interest and a denial of the public good. The practical effects on the individual are passivity and conformism in the areas that matter, and non-conformism in the areas that don't
-- John Ralston Saul

The acceptance of corporatism causes us to deny and undermine the legitimacy of the individual as citizen in a democracy. The result of such a denial is a growing imbalance which leads to our adoration of self-interest and our denial of the public good.
-- John Ralston Saul

Infinite growth of material consumption in a finite world is an impossibility.
~ E. F. Schumacher

In the current vocabulary of condemnation there are few words as final and conclusive as the word "uneconomic." If an activity has been branded as uneconomic, its right to existence is not merely questioned but energetically denied. Anything that is found to be an impediment to economic growth is a shameful thing, and if people cling to it, they are thought of as either saboteurs or fools. Call a thing immoral or ugly, soul-destroying or a degradation of man, a peril to the peace of the world or to the well-being of future generations; as long as you have not shown it to be "uneconomic" you have not really questioned its right to exist, grow, and prosper.
~ E. F. Schumacher

Economic policies absorb almost the entire attention of government, and at the same time become ever more impotent. The simplest things, which only fifty years ago one could do without difficulty, cannot get done any more. The richer a society, the more impossible it become to do worthwhile things without immediate payoff.
~ E. F. Schumacher

The only way in which a nation can make itself wealthy and prosperous is by good housekeeping: that is, by providing for its wants in the order of their importance, and allowing no money to be wasted on whims and luxuries until necessities have been thoroughly served.
-- George Bernard Shaw


Capitalism drives the employers to do their worst to the employed, and the employed to do the least for them. And it boasts all the time of the incentive it provides to both to do their best! . . . The reason the Capitalist system has worked so far without jamming for more than a few months at a time, and then only in places, is that it has not yet succeeded in making a conquest of human nature so complete that everybody acts on strictly business principles.
-- George Bernard Shaw

Hear me, people: We have now to deal with another race- small and feeble when our fathers first met them, but now great and overbearing. Strangely enough they have a mind to till the soil and the love of possession is a disease with them. These people have made many rules that the rich may break but the poor may not. They take their tithes from the poor and weak to support the rich and those who rule.
-- Chief Sitting Bull

Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.
--Adam Smith

All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.
-- Adam Smith

What is economics? A science invented by the upper class in order to acquire the fruits of the labor of the underclass
-- August Strindberg

Sell a country! Why not sell the air, the great sea, as well as the earth? Did not the Great Spirit make them all for the use of his children?
-- Tecumseh

Democracy and capitalism have very different beliefs about the proper distribution of power. One believes in a completely equal distribution of political power, ?one man, one vote?, while the other believes that it is the duty of the economically fit to drive the unfit out of business and into economic extinction. ?Survival of the fittest? and inequalities in purchasing power is what capitalist efficiency is all about. Individuals and firms become efficient to be rich. To put it in its starkest form, capitalism is perfectly compatible with slavery. The American South had such a system for more than two centuries. Democracy is not comparable with slavery.
-- Lester Thurow

The essence of all slavery consists in taking the product of another's labor by force. It is immaterial whether this force be founded upon ownership of the slave or ownership of the money that he must get to live.
-- Leo Tolstoy

In war the strong make slaves of the weak, and in peace the rich make slaves of the poor. We must work to live, and they give us such mean wages that we die. We toil for them all day long, and they heap up gold in their coffers, and our children fade away before their time, and the faces of those we love become hard and evil. We tread out the grapes, and another drinks the wine. We sow the corn, and our own board is empty. We have chains, though no eyes behold them; and are slaves, though men call us free.
-- Oscar Wilde

See Also Quotes on
Globalization | Labor | End Poverty | Fair Trade

WorkersDay.com - May 1
FairTradeDay.com - May 13*

EndPovertyDay.com - October 17
BuyNothingDayInfo.com - November 26


and to unite and mobilize
the Culture of Peace Movement...

January | February | March | April |
May | June | July | August |
September | October
| November | December

FEATURED
CULTURE OF PEACE

Days

One Day In Peace - January 1
Freedom Day - February 1
Women's Day - March 8
Earth Day - April 22
Diversity Day - May 21
Interfaith Day - June 22
CoOp Day - July 7*
No-Nukes Day - August 6
Peace Day - September 21
End Hunger Day - October 16
Tolerance Day - November 16
Human Rights Day- December 10

more Featured Days

 

You are a pathway To Peace!

Copyright © 2006 Pathways To Peace All Rights reserved. Design provided by Pass Along Concepts