Excessively precise economic analysis can lead to assessing everything in terms of its easily measurable melt value – the value that thieves get from stealing copper wiring from isolated houses, that vandals got from tearing down Greek temples for the lead joints holding the marble blocks together, that shortsighted timber companies get from liquidating their forests. The standard to insist on is live value. What is something worth when it's working?
The chronological inconsistencies are perhaps most clearly exemplified by the writings of Nicole Oresme. In his Traictie de la Premierere Invention des Monnies, written about 1360, he develops a theory of money which reveals a very different approach to economic problems from that of his fellow Churchmen.roll, eric, baron roll of ipsden
Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ...In developed capitalist economies, private consumption spending accounts for half or more of GDP.jim stanford
[The consumer is] the supreme mover of economic order... for whom all goods are made and towards whom all economic activity is directed.kenneth boulding
While [European] national cultures were concocted to distinguish one economic unit of capital from another, civilizational thinking was invented to unify these cultures against their colonial consequences. Islamic, Indian, or African civilizations were invented contrapuntally by Orientalism …in order to match, balance and thus authenticate ‘Western Civilization’.hamid dabashi
But what I believe is that if a person's individual rights or right to be a part of our economic system is violated under statute, we aggressively go after it. But we don't issue mandates to businesses that you've got to do this and you've got to do that.clarence thomas
The application of psychoanalysis to sociology must definitely guard against the mistake of wanting to give psychoanalytic answers where economic, technical, or political facts provide the real and sufficient explanation of sociological questions. On the other hand, the psychoanalyst must emphasize that the subject of sociology, society, in reality consists of individuals, and that it is these human beings, rather than abstract society as such, whose actions, thoughts, and feelings are the object of sociological research.
A few weeks ago I had a revelation and told my secretary that I could give him a synthesis of forty-six years of living with economic policy. It is: 'economic policy is random with respect to the performance of the American economy, but, thank God, there isn't much of it.'Herbert Stein
The widespread inability to understand technological artifacts as fabricated entities, as social and cultural phenomena, derives from the fact that in retrospect only those technologies that prove functional for a culture and can be integrated into everyday life are 'left over.' However, the perception of what is functional, successful and useful is itself the product of social and cultural--and last but not least--political and economic processes. Selection processes and abandoned products and product forms are usually not discussed.johannes grenzfurthner
...an economic ignoramus unfit to oversee a fifty-cent raffle.david lange
Whatever his merits as an economist, Hume's place as one of the foremost exponents of capitalism is clearly established. His views on the landed interest and his recognition of self-interest and his desire for accumulation as the driving forces of economic activity in his time helped to consolidate the forces that were struggling to add political power to the economic supremacy which they had already achieved.roll, eric, baron roll of ipsden
Freedom of expression is no longer a political nicety, but a precondition for economic competitiveness.Alvin Toffler
The Soviet Union, true to the Leninist principles of respect for the rights and national independence of all peoples great or small, has always been and is guided in its relations with other countries by the principles of mutual respect for territorial integrity and sovereignty, non-aggression, non-intervention in each other's internal affairs, equality and mutual benefits, peaceful coexistence and economic cooperation.kliment voroshilov
The story of Joseph in Egypt and of the seven fat and the seven lean years has passed into the homely wisdom of the ages; but our economic thinking seems to have lost contact with so simple and basic approach to prudent management of a nations welfare.benjamin graham
The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems the problems of life and of human relations, of creation and behaviour and religion .john maynard keynes
The strength of Commonwealth lies in its diversity and it to be mindful of bearing economic, social, political and cultural systems which comprise its membership ... Its commonality lies in its connection to humanity, in the main it has provided an invariable forum whose members to open and continue meaningful issues of concern.ratu joni madraiwiwi
The moral sentiments that constrain economic life also promote it.ted malloch
A society which is clamouring for choice, which is filled with many articulate groups, each urging its own brand of salvation, its own variety of economic philosophy, will give each new generation no peace until all have chosen or gone under, unable to bear the conditions of choice.Margaret Mead
I am convinced that the majority of the religious hierarchy today deplores the hardship inflicted on our people. I am referring not only to the martyrs but of the families who have been dispersed and terrified, who have no resources, and to the four million unemployed who are suffering from the economic chaos of a country which only a year earlier was giving employment to a million foreigners. Those who have chosen to serve God must feel profoundly sad at seeing ridicule poured on the most sacred principles of our religion.muhammad reza pahlavi
The first statement of the two principals reads as follows. First: each person is to have an equal right to the most extensive basic liberty compatible with a similar liberty for others. Second: social and economic inequalities are to be arranged so that they are both(a)reasonably expected to be to everyone's advantage, and (b) attached to positions and offices open to all.john rawls
It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.hjalmar schacht
I don't want India to be an economic superpower. I want India to be a happy country.j. r. d. tata
The Psychology of Delay. Some of the causes of delay in coming to economic decisions in our country seem to lie in the psychological realm. There is such a thing as the psychology of power which motivates people: power of control and patronage, power to delay an application, power to hold up a file, power to keep people waiting in an ante-room, all of which are consciously or subconsciously treated as symbols of prestige and hallmarks of importance.j. r. d. tata
The new information technologies can be seen to drive societies toward increasingly dynamic high-energy regions further and further from thermodynamical equilibrium, characterized by decreasing specific entropy and increasingly dense free-energy flows, accessed and processed by more and more complex social, economic, and political structures.
For 60 years Gross Domestic Product, or GDP for short, has been the yardstick by which the world has measured and understood economic and social progress. However, it has failed to capture some of the factors that make a difference in people’s lives and contribute to their happiness, such as security, leisure,income distribution and a clean environment–including the kinds of factors which growth itself needs to be sustainable.
From the point of view of social health and economic efficiency, society should obtain its material equipment at the cheapest price possible, and after providing for depreciation and expansion should distribute the whole product to its working members and their dependents. What happens at present, however, is that its workers are hired at the cheapest price which the market (as modified by organization) allows, and that the surplus, somewhat diminished by taxation, is distributed to the owners of property.
If criteria such as the costs (social, psychological, economic) for the potential parents are good enough reasons for having an abortion even when the fetus is healthy, if the moral status of the newborn is the same as that of the infant and if neither has any moral value by virtue of being a potential person, then the same reasons which justify abortion should also justify the killing of the potential person when it is at the stage of a newborn.
Create and save customized word lists. Sign up today and start improving your vocabulary!