In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see the changes just mentioned and others as an interlocked whole.
The fundamental differences between Marxian and traditional orthodox Economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.joan robinson
Economics never was a dismal science. I should be a realistic science.paul samuelson
Conventions of generality and mathematical elegance may be just as much barriers to the attainment and diffusion of knowledge as may contentment with particularity and literary vagueness... It may well be that the slovenly and literary borderland between Economics and sociology will be the most fruitful building ground during the years to come and that mathematical Economics will remain too flawless in its perfection to be very fruitful.kenneth boulding
Economics are the method; the object is to change the heart and soul.margaret thatcher
The close relationship between politics and Economics is neither neutral nor coincidental. Large governments evolve through history in order to protect large accumulations of property and wealth.michael parenti
I work in the field of art, and you know how during a period of Marxist ideology, fewer people are inclined to believe in the power of the culture as a whole: they believe in the revolutionary potential of Economics, class struggle theory...Therefore it’s time to show that art means the power of creativity, and it’s time to define art in a larger way, to include science and religion too.joseph beuys
Any system of Economics is bankrupt if it sees either value or virtue in unemployment.jimmy carter
Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than Economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process.l. neil smith
Religion and art spring from the same root and are close kin. Economics and art are strangers.willa cather
Mathematics brought rigor to Economics. Unfortunately, it also brought mortiskenneth boulding
95% of Economics is common sense deliberately made complicated.ha-joon chang
I am born of the conquerors, you of the persecuted. Raped by rum and an alien law, progress and Economics, are you and I and a once-loved land peopled by tribes and trees; doomed traders and stock-exchanges, bought by faceless strangers.McKinney
In Economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.john kenneth galbraith
"The idea of the feudal system is that the people on the top take care of the needs of those on the bottom, but I have seldom seen it work that way," Wicked said."Yeah," I said, "it's like trickle-down Economics; it only works if the people at the top are really good, decent people. The system is only as good as the people in power."laurell k. hamilton
Among minor alterations, I may mention the substitution for the name political economy of the single convenient term Economics. I cannot help thinking that it would be well to discard, as quickly as possible, the old troublesome double-worded name of our science.william stanley jevons
The doctrine of population has been conspicuously absent, not because I doubt in the least its truth and vast importance, but because it forms no part of the direct problem of Economics.thomas malthus
By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, Economics denies even all "respectability" to the distinction between essential and non-essential consumption, between productive and unproductive labor, between actual and potential surplus.paul a. baran
No organism can afford to be conscious of matters with which it could deal at unconscious levels. Broadly, we can afford to sink those sorts of knowledge which continue to be true regardless of changes in the environment, but we must maintain in an accessible place all those controls of behavior which must be modified for every instance. The Economics of the system, in fact, pushes organisms toward sinking into the unconscious those generalities of relationship which remain permanently true and toward keeping within the conscious the pragmatic of particular instances.Gregory Bateson
Unless the fundamental categories of Economics such as ‘property’ were to be redefined in a radically personal way the liberal rationalist curse which had established Economics as a scientific discipline cut off from human interests would proliferate. Economic models … have failed to incorporate any meaningful index of individual benefit other than the original utilitarian one, … the index of increasing income or an increasing flow of commodities.john carroll
Keynes was to Economics as Katrina was to New Orleans.ilana mercer
It has never been in my power to study anything, mathematics, ethics, metaphysics, gravitation, thermodynamics, optics, chemistry, comparative anatomy, astronomy, psychology, phonetics, Economics, the history of science, whist, men and women, wine, metrology, except as a study of semeiotic .charles sanders peirce
Unlike the position that exists in the physical sciences , in Economics and other disciplines that deal with essentially complex phenomena, the aspects of the events to be accounted for about which we can get quantitative data are necessarily limited and may not include the important ones.friedrich hayek
Rather like the Bible is for many Christians, the General Theory is the essential Economics reference which few economists have ever read.
Information management is the direct progney of information technology. No wonder, some critics have identified it with information Economics. The world of information management is a world of inputs and outputs, in which value additions are the ultimate criteria."
A comparative examination of the models of adaptive behavior employed in psychology (e.g., learning theories), and of the models of rational behavior employed in Economics, shows that in almost all respects the latter postulate a much greater complexity in the choice mechanisms, and a much larger capacity in the organism for obtaining information and performing computations, than do the former. Moreover, in the limited range of situations where the predictions of the two theories have been compared (...), the learning theories appear to account for the observed behavior rather better than do the theories of rational behavior.
History shows that where ethics and Economics come in conflict, victory is always with Economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them.
Since there is no French race, the French race cannot die. France will have the population she can feed; the French spirit will have the heirs it can win. The French population is not a matter of biology, but of Economics and ideology.