Economic History Quotes

All other forms of history - economic history, social history, psychological history, above all sociology - seem to me history with the history left out. ~ A.J.P. Taylor

The best chapters in our economic history are those that embrace the many, not the few. ~ David Cameron

We have reached a profound point in economic history where the truth is unpalatable to the political class - and that truth is that the scale and magnitude of the problem is larger than their ability to respond - and it terrifies them. ~ Hugh Hendry

Every day it seems more likely that we are destined - or should one say doomed? - to replay the disastrous economic history of the 1930s. ~ Barry Eichengreen

Terry took the silence as acquiescence, "The other way to make money is to exploit people, oh, no sorry, that's the 'only' way to make money, exploit other people, that's how the billionaires have acquired all their money by exploiting others… So how did they achieve it? You're going to love this… they changed all the rules to accommodate what they wanted to do. How I hear you ask… easy, they own the politicians, they own the banks, they own industry and they own everything. They made it easier for themselves to invest in so called emerging markets. What once would've been considered treasonous was now considered virtuous. Instead of building up the nation state and its resources, all of its resources, including its people, they concentrated on building up their profits. That's all they did. They invested in parts of the world where children could be worked for 12 hours a day 7 days a week, where grown men and women could be treated like slaves and all for a pittance and they did this because we here in the west had made it illegal to work children, because we'd abolished slavery, because we had fought for workers' rights, for a minimum wage, for a 40 hr week, for pensions, for the right to retire, for a free NHS, for free education, all of these things were getting in the way of them making a quick and easy profit and worse …had been making us feel we were worth something. ~ Arun D. Ellis

Almost everybody today believes that nothing in economic history has ever moved as fast as, or had a greater impact than, the Information Revolution. But the Industrial Revolution moved at least as fast in the same time span, and had probably an equal impact if not a greater one. ~ Peter Drucker

Poverty was nature surviving in society; that the limitedness of food and the unlimitedness of men had come to an issue just when the promise of boundless increase of wealth burst in upon us made the irony only the more bitter. ~ Karl Polanyi

Much of the profession is empirically bankrupt because it is no longer taught economic history. ~ Charles P. Kindleberger

Economic history is the most fundamental branch of history; not the most important. Foundations exist to carry better things. ~ John Clapham

The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living. ~ Ludwig Von Mises

The 1860s ushered in a number of changes that profoundly transformed the nation. While the emancipation of enslaved people and the increased resettlement of Native Americans represent critical turning points in the political, legal, social, and economic history of the United States, these transformations produced devastating and unanticipated consequences. When soldiers in the North reached for the rifles that hung above the mantles of their front doors and marched off to war, they did so in the name of ending slavery. But in the effort to dismantle the institution of slavery, very few considered how ex-slaves would survive the war and emancipation. An abstract idea about freedom became a flesh-and-blood reality in which epidemic outbreaks, poverty, and suffering threatened former bondspeople as they abandoned slavery and made their way toward freedom. The ~ Jim Downs

This book is an essay in what is derogatorily called "literary economics," as opposed to mathematical economics, econometrics, or (embracing them both) the "new economic history." A man does what he can, and in the more elegant - one is tempted to say "fancier" - techniques I am, as one who received his formation in the 1930s, untutored. A colleague has offered to provide a mathematical model to decorate the work. It might be useful to some readers, but not to me. Catastrophe mathematics, dealing with such events as falling off a height, is a new branch of the discipline, I am told, which has yet to demonstrate its rigor or usefulness. I had better wait. Econometricians among my friends tell me that rare events such as panics cannot be dealt with by the normal techniques of regression, but have to be introduced exogenously as "dummy variables." The real choice open to me was whether to follow relatively simple statistical procedures, with an abundance of charts and tables, or not. In the event, I decided against it. For those who yearn for numbers, standard series on bank reserves, foreign trade, commodity prices, money supply, security prices, rate of interest, and the like are fairly readily available in the historical statistics. ~ Charles P. Kindleberger

Let me say that I think the economic history of the last 150 years clearly shows that if you want to industrialize a country in a short period, let us say 20 years, and you don't have a well-developed private sector, entrepreneurial class, then central planning is important. ~ Manmohan Singh

Economic history shows us a continual increase in the demand for money. The characteristic feature of the development of the demand for money is its intensification; the growth of division of labour and consequently of exchange transactions, which have constantly become more and more indirect and dependent on the use of money, have helped to bring this about, as well as the increase of population and prosperity. ~ Ludwig Von Mises

Any woman who has devoted herself to raising children has experienced the hollow praise that only thinly conceals smug dismissal. In a culture that measures worth and achievement almost solely in terms of money, the intensive work of rearing responsible adults counts for little. One of the most intriguing questions in economic history is how this came to be; how mothers came to be excluded from the ranks of productive citizens. How did the demanding job of rearing a modern child come to be termed baby-sitting? When did caring for children become a 'labor of love,;' smothered under a blanket of sentimentality that hides its economic importance? ~ Ann Crittenden

The emotional pattern seems to be something like, "[Karl] Polanyi, a person of the left like me, says many true things, beautifully. Therefore his tales about what happened in economic history must be true." Marx before him got similar treatment. Lately the more eloquent of the environmentalists, such as Wendell Berry, get it too. People want to believe that beauty is truth. A supporting emotional frame on the left arises from the very idea of historical progress: "We must be able to do so much better than this wretched capitalism." It is not true, but it motivates. ~ Deirdre N. McCloskey

The fact that you couldn't see Alfred Hitchcock's first film The Mountain Eagle, or that you couldn't see so many of F.W. Murnau's masterpieces, or that you couldn't see so many of Oscar Micheaux's really intriguing race melodramas, made with fierce independent spirit against all odds in '20s and '30s America. That stuff haunted me. They really did bring to life a sense of 20th Century history: cultural history, pop history, gender politics and race politics, socio economic history, all that stuff. It was bracing and instructive. ~ Guy Maddin

Most economic histories of the "world" not only omit most extra-European production and exchange (even most of that outside West Europe or even northwest Europe); they neglect the participation of the productive and exchange activities of extra-European countries in the European, not to say world, process of accumulation and development. Moreover, they disregard the part that these productive and exchange relations played in the developing world system. ~ Andre Gunder Frank

The collapse of communism and a recognition of its economic and humanitarian catastrophes took the romance out of revolutionary violence and cast doubt on the wisdom of redistributing wealth at the point of a gun. ~ Steven Pinker

We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive recirculation. ~ Will Durant

Peter was struck by the scar's essential nature: it was not a disfigurement, it was a miracle. All the scars ever suffered by anyone in the whole of human history were not suffering but triumph: triumph against decay, triumph against death. ~ Michel Faber

I returned from the West, and brought home in my nostrils and nerves that benumbing lethargy, imprudent hostility, and arrogant superiority with which the West viewed the fate of Eastern Europe. ~ Sandor Marai

Economic independence is the foundation of the only sort of freedom worth a damn ~ H.L. Mencken

Between his dueling and military career, Jackson had been shot so many times that scholars says he "rattled like a bag of marbles" when he walked as a result of all of the never-removed bullets taking up residence in his body. The pieces of shrapnel he carries around like internal medals of honor are about ten times larger than your balls and infinity times as armored. ~ Daniel O'Brien

The birth of the baby Jesus stands as the most significant event in all history, because it has meant the pouring into a sick world the healing medicine of love which has transformed all manner of hearts for almost two thousand years. ~ George Matthew Adams

I'd like all of you to ask yourselves what you would have done, were you a student here in Valentine Morgenstern's day. Would you have joined the Circle? Would you have stood by Valentine's side at the Uprising? Raise your hand, if you think it's possible. Simon was unsurprised to see not a single hand in the air. He'd played this game back in mundane school, every time his history class covered World War II. Simon knew no one ever thought they would be a Nazi. Simon ~ Cassandra Clare

My idea of philosophy is that if it is not relevant to human problems, if it does not tell us how we can go about eradicating some of the misery in this world, then it is not worth the name of philosophy. I think Socrates made a very profound statement when he asserted that the raison d'etre of philosophy is to teach us proper living. In this day and age 'proper living' means liberation from the urgent problems of poverty, economic necessity and indoctrination, mental oppression. ~ Angela Davis

My only advice is, follow your dream and do whatever you like to do the most. I chose journalism because I wanted to be in the places where history was being made. ~ Jorge Ramos

Economic progress and justice do not consist in superbly equalized destitution, but in the constant creation of more and more goods and services, of more and more wealth and income to be shared. ~ Henry Hazlitt

We have heard all of our lives how, after the Civil War was over, the South went back to straighten itself out and make a living again. It was for many years a voiceless part of the government. The balance of power moved away from it
to the north and the east. The problems of the north and the east became the big problem of the country and nobody paid much attention to the economic unbalance the South had left as its only choice. ~ Lyndon B. Johnson

America's foreign policy supports freedom, democracy, and human dignity for all mankind, and we make no apologies for it. The opportunity society that we want for ourselves we also want for others, not because we're imposing our system on others but because those opportunities belong to all people as God-given birthrights and because by promoting democracy and economic opportunity we make peace more secure. ~ Ronald Reagan

To make matters worse, Jackson placed great value on regurgitating every last detail of the assigned texts. When, in response to Jackson's question 'What are the three simple machines?' a cadet answered, 'The inclined plane, the lever, and the wheel,' Jackson replied, 'No, sir. The lever, the wheel, and the inclined plane. ~ S.C. Gwynne

The world is poised on the cusp of an economic and cultural shift as dramatic as that of the Industrial Revolution. ~ Steven Levy

Let's begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system. This shift minimizes-indeed, deletes-the role of wealth in the economic and social system. And it sheds the adverse connotation going back to Marx. Instead of the owners of capital or their attendants in control, we have the admirably impersonal role of market forces. It would be hard to think of a change in terminology more in the interest of those to whom money accords power. They have now a functional anonymity. ~ John Kenneth Galbraith

You don't have to get a job that makes others feel comfortable about what they perceive as your success. You don't have to explain what your plan to do with your life. You don't have to justify your education by demonstrating its financial rewards. You don't have to maintain an impeccable credit score. Anyone who expects you to do any of those things has no sense of history of economics or science or the arts. ~ Cheryl Strayed

Obliteration bombing of civilian populations had come to be seen as a military necessity. A terrible evil had been defended as a way to a greater good. After the bomb, all sorts of moral compromises were easier - nearly two million abortions a year seemed a mere matter of freedom of choice, and the plight of the poor in the world's richest nation was a matter of economic necessity. ~ William H. Willimon

Every generation worries that educational standards are decaying. One of the oldest short essays in human history, dating from Sumer some 4,000 years ago, laments that the young are disastrously more ignorant than the generation immediately preceding. ~ Carl Sagan

History is a river that never ends. Today is history, and I am here at the fountainhead. ~ Wilbur Smith

History is a commentary on the various and continuing incapabilities of men. What is history? History is women following behind with the bucket. ~ Alan Bennett

The backlash convinced the public that women's 'liberation' was the true contemporary American scourge - the source of an endless laundry list of personal, social, and economic problems. ~ Susan Faludi

She closed her eyes, and as had been her habit over these past couple of days, she began to imagine possible past histories and what she might have done to change them into the new one in which she lived, either inadvertently, or out of a misguided attempt to play God and make the world a better place, or, worse, with malice aforethought. Any time she spent in the past would have been clipped out of history, as neatly as if it had never happened, because it hadn't happened. ~ Dexter Palmer

You are not a victim. No matter what you have been through, you're still here. You may have been challenged, hurt, betrayed, beaten, and discouraged, but nothing has defeated you. You are still here! You have been delayed but not denied. You are not a victim, you are a victor. You have a history of victory. ~ Steve Maraboli

I feel sometimes an American artist must feel, like a baseball player or something - a member of a team writing American history.. ~ Willem De Kooning

Mozart, Pascal, Boolean algebra, Shakespeare, parliamentary government, baroque churches, Newton, the emancipation of women, Kant, Balanchine ballets, et al. don't redeem what this particular civilization has wrought upon the world. The white race is the cancer of human history. ~ Susan Sontag

I cannot too often repeat that Democracy is a word the real gist of which still sleeps, quite unawakened, notwithstanding the resonance and the many angry tempests out of which its syllables have come, from pen or tongue. It is a great word, whose history, I suppose, remains unwritten because that history has yet to be enacted. ~ Walt Whitman

Society may no longer define marriage in the only way marriage has ever been defined in the annals of recorded history. Many societies allowed polygamy, many allowed child marriages, some allowed marriage within families; but none, in thousands of years, defined marriage as the union of people of the same sex. ~ Dennis Prager

History is fables agreed upon. ~ Voltaire

The reason it is difficult is that we have been conditioned to laugh at conspiracy theories, and few people will risk public ridicule by advocating them. On the other hand, to endorse the accidental view is absurd. Almost all of history is an unbroken trail of one conspiracy after another. Conspiracies are the norm, not the exception. ~ G. Edward Griffin

For me, clothing has always been connected to history. That's what draws me in. ~ Liz Goldwyn

They now endure incessant cultural appropriation by a majority society in the United States that celebrates an idealized American Indian but ignores reservation life - the economic blight and marginalization of what are, in effect, national internment zones, exacerbated by federal inattention and mismanagement. In Indian country there are also thriving cultural traditions and creative genius, but these often receive little more recognition than the problems. - ~ T. J. Stiles

Rampaging horsemen can conquer; only the city can civilize. ~ James A. Michener

It's tragic to think that heroic man's great destiny is to become economic man, that men will be reduced to craven creatures who crawl across the globe competing for money, who spend their nights dreaming up new ways to swindle each other. That's the path we're on now. What a withering, ignoble end ... ~ Jack Donovan

And the history books forgot about us, and the bible didn't mention us ~ Regina Spektor

We may not be responsible for another's addiction or the life history that preceded it, but many painful situations could be avoided if we recognized that we are responsible for the way we ourselves enter into the interaction. And that, to put it most simply, means dealing with our own stuff. ~ Gabor Mate

In the long run, it is much easier to undo the policies of crooked leadership than to restore common sense and wisdom to a deceived population willing to elect such a leader in the first place. Any country can survive having chosen a fool as their leader. But history has shown time and again that a nation of fools is surely doomed. ~ Andy Andrews

The world knows about our Jesus. They know about His poverty and love of the underdog. They know He told His followers to care for the poor and to share. They've heard about His radical economic theories and revolutionary redistribution concepts. They might not understand the nuances of His divinity or the various shades of His theology, but they know He was a friend of the oppressed. ~ Jen Hatmaker

One day," said Hermione, sounding thoroughly exasperated, "you'll read Hogwarts: A History, and perhaps that will remind you that you can't Apparate or Disapparate inside Hogwarts. ~ J.K. Rowling

I am not a physician, but I am deeply interested in diagnostic categories and have read extensively in the history of the subject. ~ Siri Hustvedt

One of the reasons the deficit got as big as it did, frankly, was because of the economic slowdown, the fall-off in deficits, the terrorist attacks. A significant chunk was taken out of the economy by what happened after the attacks of 9/11. ~ Dick Cheney

History shows that there are no invincible armies. ~ Joseph Stalin

Life is conflict; peace is death. Forces of chaos keep the cycles of history moving. ~ Jack Donovan

Adeline had moved to San Francisco in 1996, which was a defining moment in the city's history. 1996 was not defined by Adeline's arrival.

1996 as defined by being the year during which the Internet economy exploded into the collective consciousness.

San Francisco had spent much of the Twentieth Century in decline, which meant that it was a bad place for people who liked doing business but a wonderful place for people who were terrible at making money.

San Francisco had been defined by the culture of people who were terrible at making money. It had become a haven for the misfits of America most of who were living in the city's fabulous old houses.

When the Internet economy exploded into the collective consciousness, these people proved that resisting social change was the only thing at which they were less adept than earning money. ~ Jarett Kobek

Like it or not we live in interesting times. They are times of danger and uncertainty; but they are also more open to the creative energy of men than any other time in history. And everyone here will ultimately be judged - will ultimately judge himself - on the effort he has contributed to building a new world society and the extent to which his ideals and goals have shaped that effort. ~ Robert Kennedy

If we want corporations to act differently, we have to force them to do so through laws that are fully enforced and through penalties higher than the economic benefits of thwarting the laws. ~ Robert Reich

To modernize their sleeping habits, [Peter the Great] declared, 'Ladies and gentlemen of the court caught sleeping with their boots on will be instantly decapitated. ~ Bob Massie

The loyal dogs of a dictator are much more dangerous than the dictator himself because a dictator can bite you only through his supporters. Without his dogs, he is nothing! More's the pity, the world history is full of such loyal biters! ~ Mehmet Murat Ildan

In neo-classical economic theory, it is claimed without evidence that people are basically self-seeking, that they want above all the satisfaction of their material desires: what economists call "maximising utility". The ultimate objective of mankind is economic growth, and that is maximized only through raw, and lightly regulated, competition. If the rewards of this system are spread unevenly, that is a necessary price. Others on the planet are to be regarded as either customers, competitors or factors of production. Effects upon the planet itself are mere "externalities" to the model, with no reckoning of the cost - at least for now. Nowhere in this analysis appears factors such as human cooperation, love, trust, compassion or hatred, curiosity or beauty. Nowhere appears the concept of meaning. What cannot be measured is ignored. But the trouble is that once our basic needs for shelter and food have been met, these factors may be the most important of all. ~ Carne Ross

Wars are motivated by the need to seize the wealth of our neighbours, to wield power, to protect ourselves from real or imagined threats: in short they have, as we have seen, political, social, economic or demographic causes. There is no need to refer to Islam or the clash of civilizations to explain why the Afghans or the Iraqis resist the western military forces occupying their countries. Nor to speak of anti-Jewish sentiment or anti-Semitism to understand the reasons why the Palestinians are not overjoyed by the Israeli occupation of their lands. ~ Tzvetan Todorov