the euro, it seems, is stuck in a political no man's land – trapped between two opposing world views. And the battleground is not economics, but ethics.
Martin CohenStichwörter: economics ethics-and-moral-philosophy euro
Life is like a curve, horizontally or vertically, we are at origin point
Estiana CahyawatiSeen from that future time, when every commodity the human mind could imagine would flow from the industrial horn of plenty in dizzy abundance, this would seem a scanty, shoddy, cramped moment indeed, choked with shadows, redeemed only by what it caused to be created.
Seen from plenty, now would be hard to imagine. It would seem not quite real, an absurd time when, for no apparent reason, human beings went without things easily within the power of humanity to supply and lives did not flower as it was obvious they could.
Stichwörter: capitalism economics socialism marxism planned-economy
Résumons en quatre mots le pacte social des deux états. Vous avez besoin de moi, car je suis riche et vous êtes pauvre ; faisons donc un accord entre nous : je permettrai que vous ayez l'honneur de me servir, à condition que vous me donnerez le peu qui vous reste pour la peine que je prendrai de vous commander.
Jean-Jacques RousseauStichwörter: economics inequality
Fearful of wasting a second, we hoard time as if it were money.
Sharon SalzbergStichwörter: wisdom buddhism economics
The great hatred of capitalism in the hearts of the oppressed, ancient and modern, I think, stems not merely from the ensuing vast inequality in wealth, and the often unfair and arbitrary nature of who profits and who suffers, but from the silent acknowledgement that under a free market economy the many victims of the greed of the few are still better off than those under the utopian socialism of the well-intended. It is a hard thing for the poor to acknowledge benefits from their rich moral inferiors who never so intended it. (p.272)
Victor Davis HansonStichwörter: wealth society capitalism economics inequality utopia western-culture military-history progressivism income-disparity
... toxic derivatives were underpinned by toxic economics, which, in turn, were no more than motivated delusions in search of theoretical justification; fundamentalist tracts that acknowledged facts only when they could be accommodated to the demands of the lucrative faith. Despite their highly impressive labels and technical appearance, economic models were merely mathematized versions of the touching superstition that markets know best, both at times of tranquility and in periods of tumult.
Yanis VaroufakisStichwörter: economics markets derivatives economic-models
If economics were only about profit maximization, it would be just another name for business administration. It is a social discipline, and society has other means of cost accounting besides market prices.
Dani RodrikStichwörter: politics economics globalization instituions business-administration
The economics we need is of the "seminar room" variety, not the "rule-of-thumb" kind. It is an economics that recognizes its limitations and caveats and knows that the right message depends on the context. The fine print is what economists have to contribute.
Dani RodrikStichwörter: economics
Regular crises perpetuate the past by reinvigorating cycles which started long ago. In contrast, (capital-C) Crises are the past's death knell. They function like laboratories in which the future is incubated. They have given us agriculture and the industrial revolution, technology and the labour contract, killer germs and antibiotics. Once they strike, the past ceases to be a reliable predictor of the future and a brave new world is born.
Yanis VaroufakisStichwörter: economics technology crises industrial-revolution cycles
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