#economics

Perhaps he has confused making money with freedom. ↗

— John Charles Chasteen

#freedom #greed #freedom

My mother is an office manager, my father a professor of economics and financial planner. ↗

— Poppy Z. Brite

#father #financial #manager #mother #office

In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else. ↗

— Malcolm Turnbull

#concepts #cost #economics #else #idea

The breakdown of the black community, in order to maintain slavery, began with the breakdown of the black family. Men and women were not legally allowed to get married because you couldn't have that kind of love. It might get in the way of the economics of slavery. Your children could be taken from you and literally sold down the river. ↗

— Kerry Washington

#because #began #black #black community #black family

However, I think the major opposition to ecology has deeper roots than mere economics; ecology threatens widely held values so fundamental that they must be called religious. ↗

— Garrett Hardin

#deeper #ecology #economics #fundamental #held

He tried to read an elementary economics text; it bored him past endurance, it was like listening to somebody interminably recounting a long and stupid dream. He could not force himself to understand how banks functioned and so forth, because all the operations of capitalism were as meaningless to him as the rites of a primitive religion, as barbaric, as elaborate, and as unnecessary. In a human sacrifice to deity there might be at least a mistaken and terrible beauty; in the rites of the moneychangers, where greed, laziness, and envy were assumed to move all men's acts, even the terrible became banal. ↗

— Ursula K. Le Guin

#banking #banks #capitalism #economics #leguin

Experience has taught us that material wants know no natural bounds, that they will expand without end unless we consciously restrain them. Capitalism rests precisely on this endless expansion of wants. That is why, for all its success, it remains so unloved. It has given us wealth beyond measure, but has taken away the chief benefit of wealth: the consciousness of having enough. ↗

— Robert Skidelsky Edward Skidelsky

#economics #wants #wealth #experience

In Africa, there is a birthrate trap: a higher standard of living will lead to smaller families but smaller families will not lead to a higher standard of living. ↗

— Christopher Hitchens

#birth-rate #family #socioeconomic-failure #socioeconomics #standard-of-living

Food is a product of supply and demand, so try to figure out where the supplies are fresh, the suppliers are creative, and the demanders are informed. ↗

— Tyler Cowen

#food #supply-and-demand #food

The social function of economic science consists precisely in developing sound economic theories and in exploding the fallacies of vicious reasoning. In the pursuit of this task the economist incurs the deadly enmity of all mountebanks and charlatans whose shortcuts to an earthly paradise he debunks. The less these quacks are able to advance plausible objections to an economist’s argument, the more furiously do they insult them. ↗

— Ludwig von Mises

#politics #freedom