#economics

Every nation on the Earth that embraces market economics and the free enterprise system is pulling millions of its people out of poverty. The free enterprise system creates prosperity, not denies it. ↗

— Marco Rubio

#denies #earth #economics #embraces #enterprise

Survival, in the cool economics of biology, means simply the persistence of one's own genes in the generations to follow. ↗

— Lewis Thomas

#cool #economics #follow #generations #genes

Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information? ↗

— Friedrich August von Hayek

#certainly #economics #expected #facts #give

It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide. ↗

— Friedrich August von Hayek

#academic #cannot #decide #differences #economics

In a basic agricultural society, it's easy enough to swap five chickens for a new dress or to pay a schoolteacher with a goat and three sacks of rice. Barter works less well in a more advanced economy. The logistical challenges of using chickens to buy books on Amazon.com would be formidable. ↗

— Charles Wheelan

#economics #science

Recent evidence confirms that retail prices of essential consumer goods in poor countries are not appreciably lower than in the United States or Western Europe. In fact, with deregulation and "free trade", the cost of living in many Third World cities is now higher than in the United States. My experience in Latin America and Haiti is that the prices of meat, fish and fresh vegetables are about the same as in the United States. Can you imagine eating on less than one dollar a day? ↗

— Vincent A. Gallagher

#globalization #injustice #poverty #experience

The ideas of debtor and creditor as to what constitutes a good time never coincide. ↗

— P.G. Wodehouse

#economics #humor #money #humor

If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt. ↗

— Nassim Nicholas Taleb

#humor #randomness #humor

And one day we must ask the question, "Why are there forty million poor people in America?" And when you begin to ask that question, you are raising questions about the economic system, about a broader distribution of wealth. When you ask that question, you begin to question the capitalistic economy. ↗

— Martin Luther King Jr.

#economics #justice #economy

...there were certain chapters when I stopped writing, saw the domestic situation I was in and thought, "I don't want to face this world, let's get back to the hellish one I'm imagining. ↗

— Alasdair Gray

#writing #imagination