Resource Economics Quotes

Growth is limited by the necessity which is present in the least amount. And naturally, the least favorable condition controls the growth rate ~ Frank Herbert

I do not believe there is a natural resource economics. I believe there is good economics and bad economics. ~ Milton Friedman

We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York. ~ John Kenneth Galbraith

German Marxian's coined the dictum: If socialism is against human nature, then human nature must be changed. ~ Ludwig Von Mises

The change began with John Stuart Mill and the Utopians . When Mill pointed out that economics had no ultimate solution to the problem of distribution , that society might do with the fruits of its toil as it saw fit, he introduced into the mechanical calculus of the market a conflicting calculus of moral judgment. ~ Robert Heilbroner

Seventy percent of the fish we eat is black market, fished in violation of international laws. Our ignorance makes us unwilling partners in crime. Rogue economics is turning the global market into our worst nightmare. ~ Loretta Napoleoni

In my opinion, economists and sociologists are the people to whom we ought to turn more than we do for instruction in the grounds and foundations of all rational decisions. ~ Oliver Wendell Holmes, Jr.

If all the exchange-ratios of the past were erased from human memory, the process of market-price-determination might certainly become more difficult, because everybody would have to construct a new scale of valuations for himself; but it would not become impossible. In fact, people the whole world over are engaged daily and hourly in the operation from which all prices result: the decision as to the relative significance enjoyed by specific quantities of goods as conditions for the satisfaction of wants. ~ Ludwig Von Mises

So let us be clear about this up front: We hope to recruit you to join an incipient movement to emancipate women and fight global poverty by unlocking women's power as economic catalysts. That is the process under way - not a drama of victimization but of empowerment, the kind that transforms bubbly teenage girls from brothel slaves into successful businesswomen.
This is a story of transformation. It is change that is already taking place, and change that can accelerate if you'll just open your heart and join in. ~ Nicholas D. Kristof

I admire the artists that work everyday to attest things for themselves ... In the act of transforming the objects of the everyday they transform the passage of time and analyze the economics and politics of the instruments of living. ~ Gabriel Orozco

I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated. ~ John McCain

I founded Atari in my garage in Santa Clara while at Stanford. When I was in school, I took a lot of business classes. I was really fascinated by economics. You end up having to be a marketeer, finance maven and a little bit of a technologist in order to get a business going. ~ Nolan Bushnell

We have a system that increasingly taxes work and subsidizes nonwork. ~ Milton Friedman

Justification for infidelity and dishonesty in all their manifestations lies in the marginal cost economics of just this once. ~ Clayton M Christensen

Dan Ariely, author of Predictably Irrational, a book that offers an entertaining and engaging overview of behavioral economics. ~ Daniel H. Pink

For me books have always been an incredibly solid part of my life, both as escapism and simply as resource. ~ Jackie French

Any time people create a "black market" to avoid government regulation, they are engaged in, and promoting, free market economics. ~ Dave Champion

Italians had a "national peculiarity" to use distinctive hand gestures and body language when they spoke: a resource that was, he believed, obvious to an Italian like Leonardo when he came to paint The Last Supper. ~ Ross King

Hope is our greatest resource! ~ Karen Pashley

Oil is a very valuable resource for life - electric heaters. We must have to transition ourselves to a post-oil era. And that's what we must discuss: searching and developing new sources of energy. And that requires scientific research. That requires investment. And the developed countries must be the ones to assume this responsibility first. ~ Hugo Chavez

If the present economic structure can change only by collapsing, then it had better collapse as soon as possible. ~ Germaine Greer

Economy is too late when you are at the bottom of your purse. ~ Seneca The Younger

The life of man is so short that ordinary people simply cannot afford to be born ~ Halldor Laxness

The problem is not capitalism, the real problem is human greed. ~ Abhijit Naskar

Busy people all make the same mistake: they assume they are short on time, which of course, they are. But time is not their only scarce resource. They are also short on bandwidth. By bandwidth I mean basic cognitive resources - psychologists call them working memory and executive control - that we use in nearly every activity. ~ Sendhil Mullainathan

Religion is no longer considered the source of serious truth claims that could potentially conflict with public agendas. The private realm has been reduced to an "innocuous 'play area'", says Peter Berger, where religion is acceptable for people who need that kind of crutch- but where it won't upset any important applecarts in the larger world of politics and economics. ~ Nancy Pearcey

If we can go some way to creating a vibrant anaerobic digestion industry here in the U.K., we will be reaching our goals both in terms of economics and the environment. ~ Jacob Rothschild

One of the biggest mistakes made by people who wish to help an abused woman is to measure success by whether or not she leaves her abusive partner. If the woman feels unable or unready to end her relationship, or if she does separate for a period but then goes back to him, people who have attempted to help tend to feel that their effort failed and often channel this frustration into blaming the abused woman. A better measure of success for the person helping is how well you have respected the woman's right to run her own life - which the abusive man does not do - and how well you have helped her to think of strategies to increase her safety. If you stay focused on these goals you will feel less frustrated as a helper and will be a more valuable resource for the woman. ~ Lundy Bancroft

When two men are together, one of them may see some opportunity which the other has not caught sight of; if a man is alone he is less full of resource, and his wit is weaker. ~ Homer

Before 'Life of Pi,' I wanted to do economics. And now, I realize how bad a mistake that would have been. I just can't see it as my cup of tea anymore. ~ Suraj Sharma

The American share of the crisis began with grossly improper mortgages provided to wholly unqualified borrowers, all directly caused and encouraged by government distortion of and interference in the market. The government's market deformation and market intervention was in turn the result of two factors: political favouritism and Leftist ideology, on the one hand; and upon the other, corruption: the blatant cooption of such Friends of Angelo as Mr Dodd and of such bien-pensant Lefties as Mr Frank. The stability and efficiency of any market is directly proportional to the amount and trustworthiness of market information. The Yank Congress, for blatantly partisan and ideological reasons, gave out false information to the market, pushing lenders into making bad loans and giving out, with the appropriate winks and nudges, that Fannie (will Americans ever realise how that sounds) and Freddie, imperfectly quangoised, were 'really just as good as the Treasury' and were in any case 'too big to [be let] fail': which, as it happens, was untrue. Similarly, this moronic mantra of 'too big to fail' was chanted desperately and loudly to drown out the warning sounds of various financial institutions on the brink and of the automobile industry. Incomprehensible sums of public money were thrown at these corporations so that they could avoid bankruptcy, and have succeeded only in privatising profit whilst socialising risk. ~ G.M.W. Wemyss

I think that if it is.. has to do with global warming, or if it has to do with raising the minimum wage, or if it has to do with lowering prescription drugs for vulnerable citizens.. all of those things are people issues, not Democratic issues or Republican issues. ~ Arnold Schwarzenegger

The ignited mind of the youth is the most powerful resource on the earth, above the earth and under the earth ~ A. P. J. Abdul Kalam

The greatest resource a worship leader has is his relationship with his wife. ~ Cliff Barrows

He was thinking that the cities, perhaps, needed to look into the future even more than the country did. They should look ahead for forty, eighty, one hundred and sixty years, to a strong and healthy plain of population - or to an overworked, weakened, underfed, and infertile desert. ~ Jim Thompson

I am aiming my books at anybody with no economics background. ~ Tim Harford

If we can learn to embrace the Homer Simpson within us, with all our flaws and inabilities, and take these into account when we design our schools, health plans, stock markets, and everything else in our environment, I am certain that we can create a much better world. This is the real promise of behavioral economics. ~ Dan Ariely

The only truly new ideas [the right] has come up with in the last twenty years are (1) supply side economics, which is a way of redistributing the wealth upward toward those who already have more than they know what to do with, and (2) creationism, which is a parallel idea for redistributing ignorance out from its fundamentalist strongholds to those who know more than they need to. ~ Barbara Ehrenreich

As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns. ~ Joseph Stiglitz

I also want to raise the possibility that there are, in the very long term, "virtue effects" in economics- for instance that widespread corrupt accounting will eventually create bad long term consequences as a sort of obverse effect from the virtue-based boost double-entry book-keeping gave to the heyday of Venice. I suggest that when the financial scene starts reminding you of Sodomand Gomorrah, you should fear practical consequences even if you like to participate in what is going on. ~ Charlie Munger

Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised. ~ Milton Friedman

Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry. ~ Ha-Joon Chang

A certain construct of emotions that really define who you are and who you will become and I feel very much that my childhood is very alive inside of me, very close to me, very much part of me. And it's a sometimes painful, sometimes joyous inexhaustible resource for poetry. ~ Edward Hirsch

Though a simple book can be written on selected topics, the central doctrines of economics are not simple and cannot be made so. ~ Alfred Marshall

One of the soundest rules to remember when making forecasts in the field of economics is that whatever is to happen is happening already. ~ Sylvia Porter

Corporations continue to do their dirty work in poor countries. At the turn of the 21st century, the World Bank put pressure on Bolivia to privatize water services. Bechtel, the engineering giant, took control of this vital resource in Cochabamba. Bechtel's executives immediately raised the price of water so high that most people could not afford it. Its contract, made in collusion with the Bolivian government, gave Bechtel the right to charge people for water they took from their own wells. Bechtel even sent collectors into people's homes to demand payment for rainwater that people gathered in pots and pans on their roofs. ~ David Zindell

On traditional economic theory:
We do not play chess as if we were a grandmaster, invest as if we were Warren Buffett, or cook like an Iron Chef. It is more likely we cook like Warren Buffett, who loves to eat at Dairy Queen. ~ Richard H. Thaler

Whether we understand work spiritually depends in large part on whether we understand the economy spiritually. If we view the economy materialistically, thinking that economics is just about numbers on spreadsheets and arcane policy issues, we'll tend to view work materialistically. On the other hand, if we have the vision to see that the economy is really a moral system, a vast web of human relationships where people exchange their work with one another, we'll tend to see the spiritual dignity and meaning of our work. That's why dramatic economic changes, like the ones we're all going through right now, make people especially likely to despiritualize their work. At such times, the older economic systems and institutions that had embodied the spirituality of work for earlier generations become obsolete. We lose the sense that our work is part of a greater social whole that has dignity and purpose. As a result, our own work loses its sense of dignity and purpose. ~ Greg Forster