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
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
Capitalism is an organized system to guarantee that greed becomes the primary force of our economic system and allows the few at the top to get very wealthy and has the rest of us riding around thinking we can be that way, too - if we just work hard enough, sell enough Tupperware and Amway products, we can get a pink Cadillac.Michael Moore
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.
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.
[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
I don't want India to be an economic superpower. I want India to be a happy country.j. r. d. tata
An economic system based on private, rather than state, ownership of businesses, factories, transport services, etc, with free competition and profit-making.
The automatic machine, whatever we thinkof any feelings it may or may not have, is the precise economic equivalent of the slave.Norbert Wiener
If, of course, one builds into the concept of an 'individual' all that Professor Hayek does in his Road To Serfdom, Individualism and economic Order and many other works, which is, to put it briefly, the whole of laisser-faire economic theory, then plainly man as such a programmed predator has very little interest in being fraternal, or very little chance.bernard crick
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
Africa does not have an uncle abroad who will come to bail it out of its political and economic woes. It is important that African countries wake up and pool whatever resources they have and jointly deal elements pulling our continent down a death blow.bernard membe
There will be no peace in Europe if the States rebuild themselves on the basis of national sovereignty, with its implications of prestige politics and economic protection (...). The countries of Europe are not strong enough individually to be able to guarantee prosperity and social development for their peoples. The States of Europe must therefore form a federation or a European entity that would make them into a common economic unit.jean monnet
Jose Peralta has unique legislative experience, having been elected to the New York State Assembly in 2002 and having served in that position since then. He has shown his commitment to economic development initiatives, improvements to the educational system, and enhancing health care. Jose Peralta is also dedicated to public safety and providing first responders the tools and equipment necessary to protect and serve the public.jose peralta
Freedom of expression is no longer a political nicety, but a precondition for economic competitiveness.Alvin Toffler
The common stock of intellectual enjoyment should not be difficult of access because of the economic position of him who would approach it.jane addams
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
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
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.
Today, the grandeur of a country is measured by the extent to which it defends and extends its citizens' rights through its impulse towards total equality, by its capacity to create energy that contributes towards cultural, social and economic growth. That is how a country becomes strong, by making its citizens more powerful.
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.
A social order in which the maximum legal income is not more than tenfold the minimum... and in which competition for private profit has been eliminated, and in which social motivations are more dominant, is certain to be a more harmonious community than can ever be created by economic individualism.
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.