1,161 Quotes About Economics

Joost

Inflation via loose monetary policy is in effect a tax, but one that does not have to be legislated and that tends to hurt ordinary people more than elites with real rather than monetary assets.

If capitalism is to work in the long run, it must make investments that are not in any particular individual's immediate self-interest but are in the human community's long-run self-interest (p. 308).

It’s class warfare; my class is winning, but they shouldn’t be.

Its not get it from the 1% that is the correct $$ Grubbing answer to all budget solutions . . . its the 11% answer . . . . . If you took 111% from the Top 11% . . . you can only pay for 11% of everything the Democrats want to do . . . where do you think the rest is coming from . . . U !

The notion that one’s income reflects their productivity, or the value they contribute to society, is one of the most pernicious fallacies of neoclassical economics

GDP growth is, ultimately, an indicator of the welfare of capitalism. That we have all come to see it as a proxy for the welfare of humans represents an extraordinary ideological coup

Reducing resource use removes pressure from ecosystems and gives the web of life a chance to knit itself back together, while reducing energy use makes it much easier for us to accomplish a rapid transition to renewables before dangerous tipping points begin to cascade. This is called ‘degrowth’ – a planned downscaling of energy and resource use to bring the economy back into balance with the living world in a safe, just and equitable way.

Clean energy might help deal with emissions, but it does nothing to reverse deforestation, overfishing, soil depletion and mass extinction. A growth-obsessed economy powered by clean energy will still tip us into ecological disaster.