#economic

Essentially we need a new social consensus for economic reform as New Labour has achieved in Britain. ↗

— Peter Mandelson

#britain #consensus #economic #essentially #labour

I have a dream, there will be critical point in the future, where economics and technology will negate each other. ↗

— Toba Beta

#economics #future #negate #technology #dreams

The number of games went up or down according to the brutal, elegant logic of the economics of fun: a certain amount of difficulty plus a certain amount of your friends plus a certain amount of interesting strangers plus a certain amount of reward plus a certain amount of opportunity equaled fun ↗

— Cory Doctorow

#gaming-theory #equality

[A] great embarrassing fact… haunts all attempts to represent the market as the highest form of human freedom: that historically, impersonal, commercial markets originate in theft. ↗

— David Graeber

#economics #libertarianism #markets #politics #freedom

As if it were Injustice to sell dearer than we buy; or to give more to a man than he merits. The value of all things contracted for, is measured by the Appetite of the Contractors: and therefore the just value, is that which they be contented to give. ↗

— Thomas Hobbes

#fallacy #free-market #freedom-to-contract #just-price #freedom

An item is only worth what someone is willing to pay for it ↗

— Bianca Baker

#inspirational-quotes #inspirational

What I'm saying to you this morning is that Communism forgets that life is individual. Capitalism forgets that life is social, and the Kingdom of Brotherhood is found neither in the thesis of Communism nor the antithesis of capitalism but in a higher synthesis. ↗

— Martin Luther King Jr.

#justice #life

Selling is a painful necessity, buying is what makes it all worthwhile. ↗

— Steven E. Landsburg

#humor #life

The individualism of current economic theory is manifest in the purely self-interested behavior it generally assumes. It has no real place for fairness, malevolence, and benevolence, nor for the preservation of human life or any other moral concern. ↗

— Herman E. Daly

#morality #selfishness #life

While there are certainly informational spillovers as ideas move from person to person, it is hard to see why in most instances they are not priced. Although it is possible to imagine examples such as the wheelbarrow where an idea cannot be used without revealing the secret, relatively few ideas are of this type. For copyrightable creations such as books, music, plays, movies and art, unpriced spillovers obviously play little role. A book, a CD or a work of art must be purchased before it can be used, and the creator is free to make use of his creation in the privacy of his home without revealing the secret to the public at large. Similarly with movies or plays. In all cases, the creation must effectively be purchased before the “secret” is revealed. ↗

— Michele Boldrin

#art