Money talks: financing the periphery buys Berlin a leading role recasting the eurozone governance framework. The recent ‘six pack’ of legislative reforms hints at what’s to come: institutionalized fiscal discipline and an excessive imbalances procedure that protects against future moral hazard. The whole eurozone will tilt toward the German surplus model as we get more fiscal integration and more German leverage.
My object, having a surplus to deal with, is to consider how I can deal with it to the greatest advantage to the consumer— how, without inflicting any injury on Canada, I can secure the most substantial benefit to this country, to the manufacturing, to the commercial, and to the agricultural interests...The real way in which we can benefit the working and manufacturing classes is, unquestionably, by removing the burden that presses on the springs of manufactures and commerce.robert peel
Even the most conservative must realize that the recent transformation of surplus from an individual to a national disaster implies a scathing indictment of our capitalist system as it has now developed.benjamin graham
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 all the Labourers in aVillage breed up several Sons to the same work there will be too many Labourers to cultivate the Lands belonging to theVillage, and the surplus Adults must go to seek a livelihood elsewhere, which they generally do in Cities.Richard Cantillon
The formula for prison is a lack of space counterbalanced by a surplus of time. This is what really bothers you, that you can't win. Prison is lack of alternatives, and the telescopic predictability of the future is what drives you crazy.joseph brodsky
But the dark evil geniuses who run this country have figured out another use for these surplus people — arrest them in the war on drugs or the war on crime and put them into prison, adding to the gross domestic product!jerry brown
The U.S. incarceration binge is not tied to crime. It's a strategy to control the surplus population in a capitalist system that is breaking down.jerry brown
A power has risen up in the government greater than the people themselves, consisting of many and various and powerful interests, combined into one mass, and held together by the cohesive power of the vast surplus in the banks.john c. calhoun
Economists may insist we are running a trade deficit, but in reality, we are running a margin surplus.andy kessler
"Code sharing" is an economic surplus phenomenon. It works only when none of the people involved in it are in any form of need.erik naggum
Money is indispensable to a long-circuit heavy load energy system. It must be used when a sufficient surplus is being produced to allow a margin for exchange, and cost of transport, over a considerable distance. Money represents a storage battery when idle, and a generalized mode of the conversion of energy when it is in motion, with a function of equating time and space.isabel paterson
The vested interests encourage the growth of imperialist wars and irrationality because both serve to divert the discontent of the masses away from their vested interests ( the uninvested surplus).carroll quigley
In order to save the forty million inhabitants of the United Kingdom from a bloody civil war, our colonial statesmen must acquire new lands for settling the surplus population of this country, to provide new markets... The Empire, as I have always said, is a bread and butter question.cecil rhodes
We must find new lands from which we can easily obtain raw materials and at the same time exploit the cheap slave labor that is available from the natives of the colonies. The colonies would also provide a dumping ground for the surplus goods produced in our factories.cecil rhodes
"With a Socialist government, there will not be a national surplus whilst there continues to be inequality."josé luis rodríguez zapatero
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
The alarm must be sounded because it is the economic and social system of capitalism and imperialism that prevents the urgently needed full mobilization of the potential economic surplus and the attainment of rates of economic advancement that can be secured with its help.paul a. baran
It is a fact worth pondering that four centuries ago the evil of "an abundance or surplus" arose from its being kept off the market, while today the evil of surplus lies in its being thrown upon the market.benjamin graham
surplus value is exactly equal to surplus labour; the increase of the one [is] exactly measured by the diminution of necessary labour .karl marx
[T]he great test [of history] has been decidedly against Marx and his theories of value and surplus value.karl marx
Marx claimed in Volume 1 [of Capital ] that there was some interesting economics involved in a labor theory of value, and some believe his greatest fame in pure economics lies in his attempted analysis of "surplus value." Although he promised to clear up the contradiction between "price" and "value" in later volumes, neither he nor Engels ever made good this claim.karl marx
By preaching the doctrine that nothing is to be admired except steel and concrete, one merely makes it a little surer that human beings will have no outlet for their surplus energy except in hatred and leader worship.george orwell
The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.
The alarm must be sounded because it is the economic and social system of capitalism and imperialism that prevents the urgently needed full mobilization of the potential economic surplus and the attainment of rates of economic advancement that can be secured with its help. Paul A. Baran, The Political Economy Of Growth (1957) Chapter Seven, Towards A Morphology Of Backwardness, II, p. 244
The most simple of all trade, is that which is carried on by bartering the necessary articles of subsistence...draw from it his food, and the surplus will be the object of barter: he will give this in exchange to any one who will supply his other wants... and the more free hands are required, the more surplus food must be produced by additional labour, to supply their demand.
surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.Andrew Carnegie