1,161 Quotes About Economics

The role played by man in production always consists solely in combining his personal forces with the forces of Nature in such a way that the cooperation leads to some particular desired arrangement of material. No human act of production amounts to more than altering the position of things in space and leaving the rest to Nature.

What is called economic power, while it can be an instrument of coercion, is in the hands of private individuals never exclusive or complete power, never power over the whole life of a person. But centralised as an instrument of political power it creates a degree of dependence scarcely distinguishable from slavery.

So what’s your alternative?” people say, as if that’s logic. We don’t have to have an alternative, that’s not how critique works. We may do, and if we do, you’re welcome, but if we don’t that no more invalidates our hate for this, for what is, than does that of a serf for her lord, her flail-backed insistence that this must end, whether or not she accompanies it with a blueprint for free wage labor.

The phenomenon of money presupposes an economic order in which production is based on division of labour and in which private property consists not only in goods of the first order (consumption goods), but also in goods of higher orders (production goods). In such a society, there is no systematic centralized control of production, for this is inconceivable without centralized disposal over the means of production.

The function of money is to facilitate the business of the market by acting as a common medium of exchange.

Interest in such organizations is too often linked to the fringe and marginal or thought to be little more than conspiracy theories. While such a critique is not entirely incorrect, we will see that hidden organizations are far more common, more important, and more consequential than we have typically allowed ourselves to admit. As a result, they also need to be better integrated into thinking about organizations by scholars, policymakers, and everyday citizens.

,It must be pretty awful for a white man to learn that one of the things wrong with this society is that it is not based on dollars directly or alone, but dollars denied men who are black so dollars can go into the pockets of men who are white. It must make white men ponder a kind of weakness that will make them deny work to black men so that work can be done by men who are white.

...an' there never yet was speculation but in the long run, it meant smash. Ye run so hard that ye fall ower yoursel

The economy depends about as much on economists as the weather does on weather forecasters.