#economic

The lesson I have to teach is this: Leave all creative energies uninhibited. Merely organize society to act in harmony with this lesson. Let society's legal apparatus remove all obstacles the best it can. Permit these creative know-hows freely to flow. Have faith that free men and women will respond to the Invisible Hand. This faith will be confirmed. I, Pencil, seemingly simple though I am, offer the miracle of my creation as testimony that this is a practical faith, as practical as the sun, the rain, a cedar tree, the good earth. ↗

— Leonard E. Read

#capitalist #economics #inspirational #libertarian #politics

The ideas of debtor and creditor as to what constitutes a good time never coincide. ↗

— P.G. Wodehouse

#economics #humor #money #humor

If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt. ↗

— Nassim Nicholas Taleb

#humor #randomness #humor

Broke is a relative term, like sister, cousin, or Uncle Sam.
 ↗

— Jarod Kintz

#america #broke #broken #cousin #debt

And one day we must ask the question, "Why are there forty million poor people in America?" And when you begin to ask that question, you are raising questions about the economic system, about a broader distribution of wealth. When you ask that question, you begin to question the capitalistic economy. ↗

— Martin Luther King Jr.

#economics #justice #economy

It is true that the virtues which are less esteemed and practiced now--independence, self-reliance, and the willingness to bear risks, the readiness to back one's own conviction against a majority, and the willingness to voluntary cooperation with one's neighbors--are essentially those on which the of an individualist society rests. Collectivism has nothing to put in their place, and in so far as it already has destroyed then it has left a void filled by nothing but the demand for obedience and the compulsion of the individual to what is collectively decided to be good. ↗

— Friedrich A. von Hayek

#obedience

What should have died along with communism is the belief that modern societies can be run on a single principle, whether that of planning under the general will or that of free-market allocations. ↗

— Charles Taylor

#politics #principles #society #communism

...there were certain chapters when I stopped writing, saw the domestic situation I was in and thought, "I don't want to face this world, let's get back to the hellish one I'm imagining. ↗

— Alasdair Gray

#writing #imagination

Inevitably, people tell me that poor folks are lazy or unintelligent, that they are somehow deserving of their poverty. However, if you begin to look at the sociological literature on poverty, a more complex picture emerges. Poverty and unemployment are part and parcel of our economic order. Without them, capitalism would cease to function effectively, and in order to continue to function, the system itself must produce poverty and an army of underemployed or unemployed people. ↗

— Bob Torres

#economics #marxism #poverty #sociology #sociology

The use of market values and technology as a social barometer has devalued the worth of individuals, rendered irrelevant the quality of their lives, and stunted their creativity. ↗

— Sulak Sivaraksa

#capitalism #economics #sociology #sociology