Sustainability In Economics Quotes

To be an effective organisation, the structure of the organisation must be willing to adapt to a network model, leaving the old hierarchy model behind. We see the efficacy of the network model daily in many areas of our lives, and this greatly challenges the old from-top-to-down hierarchical model that many organisations have a hard time letting go of. But I suppose at the end of the day, it is a matter of survival. Simply put, in order to survive, one must adapt and to adapt today, means to take on a more networked approach to doing things in organisations, groups, companies and even in society as a whole (including politics). So in other words, in order for society in all of its forms from big to small, to move forward strongly, it must adapt to a framework that sees itself as a network rather than a hierarchy. ~ C. JoyBell C.

When the real problem is not well identified, only by chance a solution may be created. ~ Miguel Reynolds Brandao

People often of masterful intelligence, trained usually in law or economics or perhaps in political science, who have led their governments into disastrous decisions and miscalculations because they have no awareness whatever of the historical background, the cultural universe, of the foreign societies with which they have to deal. ~ Michael Howard

We sense that 'normal' isn't coming back, that we are being born into a new normal: a new kind of society, a new relationship to the earth, a new experience of being human. ~ Charles Eisenstein

All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another. ~ Milton Friedman

The most evident distinguishing sign is man's organization of his life according primarily to mythic, and only secondarily economic, aims and laws. Food and drink, reproduction and nest-building, it is true, play formidable roles in the lives no less of men than of chimpanzees. But what of the economics of the Pyramids, the cathedrals of the Middle Ages, Hindus starving to death with edible cattle strolling all around them, or the history of Israel, from the time of Saul to right now? ~ Joseph Campbell

All of us - employers, parents, schools, government agencies, and interns themselves - are complicit in the devaluing of work, the exacerbation of social inequality, and the disillusionment of young people in the workplace that are emerging as a result of the intern boom. Informal, barely studied, and little regulated, internships demand our scrutiny. We need a view of the entire sprawling system and its history, a glimpse of its curious blend of privilege and exploitation; we need to hear from interns themselves, and also from those who proffer internships, the people who sell them, the few who work to improve them, an the many who are unable to access them at all. only then can we consider ethical, legal alternatives to a system that is broken, a practice that is often poisonous. ~ Ross Perlin

These people look upon inequality as upon an evil. They do not assert that a definite
degree of inequality which can be exactly determined by a judgment free of any
arbitrariness and personal evaluation is good and has to be preserved unconditionally.
They, on the contrary, declare inequality in itself as bad and merely contend that a
lower degree of it is a lesser evil than a higher degree in the same sense in which a
smaller quantity of poison in a man's body is a lesser evil than a larger dose. But if
this is so, then there is logically in their doctrine no point at which the endeavors
toward equalization would have to stop. Whether one has already reached a degree of
inequality which is to be considered low enough and beyond which it is not necessary
to embark upon further measures toward equalization is just a matter of personal
judgments of value, quite arbitrary, different with different people and changing in the
passing of time. As these champions of equalization appraise confiscation and
"redistribution" as a policy harming only a minority, viz., those whom they consider
to be "too" rich, and benefiting the rest - the majority - of the people, they cannot
oppose any tenable argument to those who are asking for more of this allegedly
beneficial policy. As long as any degree of inequality is left, there will always be
people whom envy impels to press for a continuation of the equalization ~ Ludwig Von Mises

It's true: greed has had a very bad press. I frankly don't see anything wrong with greed. I think that the people who are always attacking greed would be more consistent with their position if they refused their next salary increase. I don't see even the most Left-Wing scholar in this country scornfully burning his salary check. In other words, "greed" simply means that you are trying to relieve the nature given scarcity that man was born with. Greed will continue until the Garden of Eden arrives, when everything is superabundant, and we don't have to worry about economics at all. We haven't of course reached that point yet; we haven't reached the point where everybody is burning his salary increases, or salary checks in general. ~ Murray N. Rothbard

Wherever the shadow of economic growth touches us, we are left useless unless employed on a job or engaged in consumption...We lose sight of our resources, lose control over the environmental conditions which make these resources applicable, lose taste for self-reliant coping with challenges from without and anxiety from within. ~ Ivan Illich

Good intentions are ubiquitous in politics; what is scarce is accurate beliefs. ~ Bryan Caplan

(Currently, we count ourselves fortunate to have functional toilets. I don't know what your living conditions are at Lattimore - tidy and sterile, I suspect - but here, given a construction project initiated on behalf of our Economics faculty, who Must Be Kept Comfortable at All Times, we are alternately frozen and nearly smoked, via pestilent fumes, out of our building. Between the construction dust and the radiators emitting erratic bursts of steam heat, the intrepid faculty members who have remained in their offices over the winter break are humid with sweat and dusted with ash and resemble two-legged cutlets dredged in flour.) ~ Julie Schumacher

I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply. ~ David Plotz

I would have a poet able bodied, fond of talking, a reader of the newspapers, capable of pity and laughter, informed in economics, appreciative of women, involved in personal relationships, actively interested in politics, susceptible to physical impressions. ~ Louis MacNeice

Then, in the late summer of 1790, Humboldt began to study finance and economics at the academy of trade in Hamburg. He hated it for it was all numbers and account books. In his spare time, Humboldt delved into scientific treatises and travel book, he learned Danish and Swedish - anything was better than his business studies. Whenever he could, he walked down to the River Elbe in Hamburg where he watched the large merchant vessels that brought tobacco, rice and indigo from the United States. The 'sight of the ships in the harbour', he told a friend, was what held him together - a symbol of his hopes and dreams. He couldn't wait to be finally the 'master of his own luck'. ~ Andrea Wulf

All love is socioeconomic. It's the gradients in status that make arousal possible. ~ Gary Shteyngart

The agrarian crisis [in India] is an unnecessary tragedy, resulting directly from an economics of greed and a politics driven by the economies of greed. ~ Vandana Shiva

There is a big divergence between views on a variety of policy issues from fiscal stimulus to financial regulation. It's my hope and my ambition for the economics profession that as we advance our knowledge, that those discussions will narrow in their focus, and that it will help to have more prudent policy-making down the road. ~ Lars Peter Hansen

In California, the state's huge dairy herd produces twenty-seven million tons of manure a year, the particulates and vapors from which have helped to make air quality in the argiculturally intensive San Joaquin Valley worse than it is Los Angeles. ~ Paul Roberts

To me, the conclusion that the public has the ultimate responsibility for the behavior of even the biggest businesses is empowering and hopeful, rather than disappointing. My conclusion is not a moralistic one about who is right or wrong, admirable or selfish, a good guy or a bad guy. My conclusion is instead a prediction, based on what I have seen happening in the past. Businesses have changed when the public came to expect and require different behavior, to reward businesses for behavior that the public wanted, and to make things difficult for businesses practicing behaviors that the public didn't want. I predict that in the future, just as in the past, changes in public attitudes will be essential for changes in businesses' environmental practices. ~ Jared Diamond

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

At university level, I had an economics lecturer who used to joke that I was the only student who handed in essays on British Airways notepaper. ~ Sebastian Coe

The human person is in danger: this is certain, the human person is in danger today, here is the urgency of human ecology! And it is a serious danger because the cause of the problem is not superficial but profound: it is not just a matter of economics, but of ethics and anthropology. ~ Pope Francis

It is in war that the State really comes into its own: swelling in power, in number, in pride, in absolute dominion over the economy and the society. ~ Murray N. Rothbard

While everyone else is thinking about economics and politics, executive salaries and the future of the euro, do the opposite, even if it's hard. Invest in the spirit. ~ Jonathan Sacks

To overturn orthodoxy is no easier in science than in philosophy, religion, economics, or any of the other disciplines through which we try to comprehend the world and the society in which we live. ~ Ruth Hubbard

Even in recent times, the empirical evidence does not support the claim that trade liberalization or incentive neutrality leads to faster growth. It is true that higher manufacturing growth rates have been typically associated with higher export growth rates (mostly in countries where export and import shares to GDP grew), but there is no statistical relation between either of these growth rates or degree of trade restrictions. Rather, almost all of successful export-oriented growth has come with selective trade and industrialization policies. In this regard, stable exchange rates and national price levels seem to be considerably more important than import policy in producing successful export-oriented growth ~ Anwar Shaikh

I think there has always been a strong crossover between the household- and community-level design in permaculture. From the beginnings of permaculture in the 1970s, there was a close connection to the 'back to the land' movement and the counterculture. Within that broad movement, international communities and ecovillages were major themes. ~ Juliana Birnbaum Fox

Learn to do common things uncommonly well; we must always keep in mind that anything that helps full the dinner pail is valuable. ~ George Washington Carver

In a free society, government has the responsibility of protecting us from others, but not from ourselves. ~ Walter E. Williams

For Rousseau and Mandeville the absence of a moral instinct meant the laws of society had no moral validity, they were nothing but the inventions of the cunning and the powerful, in order to maintain or to acquire an unnatural and unjust superiority over the rest of their fellow creatures. ~ Gertrude Himmelfarb

I have long aspired to make our company a noble prototype of industry, penetrating in science, reliable in engineering, creative in aesthetics and wholesomely prosperous in economics. ~ Edwin Land

Thirty years ago, if you said the country was living beyond its means, people would have thought about economics. Now, if you talk about the country, or the planet living beyond its means, you think about the environment. We are taking out more than we are giving back. We are consuming energy, water, and other natural resources in a way that is leading to huge and often irreversible damage to the planet. So too are most other developed nations. And so too will China and India if they follow the same path of economic development as us ~ David Miliband

Fiat-money! Let the State 'create' money, and make the poor rich, and free them from the bonds of the capitalists! How foolish to forego the opportunity of making everybody rich, and consequently happy, that the State's right to create money gives it! How wrong to forego it simply because this would run counter to the interests of the rich! How wicked of the economists to assert that it is not within the power of the State to create wealth by means of the printing press!- You statesmen want to build railways, and complain of the low state of the exchequer? Well, then, do not beg loans from the capitalists and anxiously calculate whether your railways will bring in enough to enable you to pay interest and amortization on your debt. Create money, and help yourselves. ~ Ludwig Von Mises

I think about sustainability all the time, whether it's with fish or farmers in Eastern Oregon. ~ Tom Douglas

In theory, capitalism is an economic system that allows people to freely trade goods and services in a competitive free market. But since the outright ownership of land creates an entry monopoly, it restricts the operation of the free market... Consequently, our current implementation of capitalism is deeply responsible for the exploitation of nature and the decline of social well-being. ~ Martin Adams

The agents of etatism have certainly not been lacking in zeal and energy. But, for all this, economic affairs cannot be kept going by magistrates and policemen. ~ Ludwig Von Mises

I started off thinking that maybe the social sciences ought to have the kinds of mathematics that the natural sciences had. That works a little bit in economics because they talk about costs, prices and quantities of goods. ~ Herbert A. Simon

Nothing beats standing in the middle of the action, with all the data I need at my fingertips ~ Betty Liu

Society is purely and solely a continual series of exchanges ... And the greatest eulogy we can give it, for exchange is an admirable transaction, in which two contracting parties always both gain; consequently, society is an uninterrupted succession of advantages, unceasingly renewed for all its members. ~ Antoine Destutt De Tracy

Sometimes he wondered if it wasn't all a giant con, the gaggle of letters after his name, the dinners with Angela Merkel and Narendra Modi, the notes from Gordon Brown and Larry Summers. They were like those fake Oscar statues bought at 'World's Greatest Photocopier' or 'Best Lightbulb Changer in the Galaxy.' When he died only his writing would remain, until it was rendered obsolete when oil and coal ran out and the species established its first settlement on Mars.

Professor Chandra was the foremost trade economist in the world, could phone any finance minister in any country at any time and have them take his call. And yet, what if he had only convinced himself that the world envied him? What if, in reality, they felt sorry for him with his swollen ego and his Savile Row suits and his sculpted tri-continental accent? ~ Rajeev Balasubramanyam

Freedom is the foundation for all wonderful things in life. ~ Jeffrey Tucker

Economics is the art of allocating scarce goods among competing demands. The conceit of Marxism was the thought that in Communism, economics would be "abolished"; this was why one did not have to think about the questions of relative privilege and social justice. But the point is that we still have to think about economics, and probably always will. The question, then, is whether we can arrive at a set of normative rules which seek to protect liberty, reward achievement and enhance the social good, within the constraints of "economics". ~ Daniel Bell

Trust is built in many ways: by creating opportunities to share something of our lives and feelings, by encouraging people to argue passionately for their ideas and positions while still respecting their opponents' right to differ, by meeting responsibilities and building a track record of dependability, and by sharing risks together. ~ Juliana Birnbaum Fox

A wealth of research confirms the importance of face-to-face contact. One experiment performed by two researchers at the University of Michigan challenged groups of six students to play a game in which everyone could earn money by cooperating. One set of groups met for ten minutes face-to-face to discuss strategy before playing. Another set of groups had thirty minutes for electronic interaction. The groups that met in person cooperated well and earned more money. The groups that had only connected electronically fell apart, as members put their personal gains ahead of the group's needs. This finding resonates well with many other experiments, which have shown that face-to-face contact leads to more trust, generosity, and cooperation than any other sort of interaction.
The very first experiment in social psychology was conducted by a University of Indiana psychologist who was also an avid bicyclist. He noted that "racing men" believe that "the value of a pace," or competitor, shaves twenty to thirty seconds off the time of a mile. To rigorously test the value of human proximity, he got forty children to compete at spinning fishing reels to pull a cable. In all cases, the kids were supposed to go as fast as they could, but most of them, especially the slower ones, were much quicker when they were paired with another child. Modern statistical evidence finds that young professionals today work longer hours if they live in a metropolitan area with plenty of competitors in th ~ Edward L. Glaeser

Besides numerous science courses, I had the opportunity to study philosophy, the history of architecture, economics, and Russian history in courses taught by extraordinarily knowledgeable professors. ~ Stanley B. Prusiner

The Nuffield report suggests that there is a moral imperative for investment into GM crop research in developing countries. But the moral imperative is in fact the opposite. The policy of drawing of funds away from low-cost sustainable agriculture research, towards hi-tech, exclusive, expensive and unsafe technology is itself ethically questionable. There is a strong moral argument that the funding of GM technology in agriculture is harming the long-term sustainability of agriculture in the developing world. ~ Tewolde Berhan Gebre Egziabher

The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise. ~ Joan Robinson

To be controlled in our economic pursuits means to be controlled in everything. ~ Friedrich August Von Hayek

What is economics? A science invented by the upper class in order to acquire the fruits of the labor of the underclass ~ August Strindberg