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Read through the most famous quotes by topic #economics
The decline of geography in academia is easy to understand: we live in an age of ever-increasing specialization, and geography is a generalist's discipline. Imagine the poor geographer trying to explain to someone at a campus cocktail party (or even to an unsympathetic adminitrator) exactly what it is he or she studies. "Geography is Greek for 'writing about the earth.' We study the Earth." "Right, like geologists." "Well, yes, but we're interested in the whole world, not just the rocky bits. Geographers also study oceans, lakes, the water cycle..." "So, it's like oceanography or hydrology." "And the atmosphere." "Meteorology, climatology..." "It's broader than just physical geography. We're also interested in how humans relate to their planet." "How is that different from ecology or environmental science?" "Well, it encompasses them. Aspects of them. But we also study the social and economic and cultural and geopolitical sides of--" "Sociology, economics, cultural studies, poli sci." "Some geographers specialize in different world regions." "Ah, right, we have Asian and African and Latin American studies programs here. But I didn't know they were part of the geography department." "They're not." (Long pause.) "So, uh, what is it that do study then? ↗
In the market economy the consumers are supreme. Consumers determine, by their buying or abstention from buying, what should be produced, by whom and how, of what quality and in what quantity. The entrepreneurs, capitalists, and landowners who fail to satisfy in the best possible and cheapest way the most urgent of the not yet satisfied wishes of the consumers are forced to go out of business and forfeit their preferred position. In business offices and in laboratories the keenest minds are busy fructifying the most complex achievements of scientific research for the production of ever better implements and gadgets for people who have no inkling of the scientific theories that make the fabrication of such things possible. The bigger an enterprise is, the more it is forced to adjust its production activities to the changing whims and fancies of the masses, its masters. The fundamental principle of capitalism is mass production to supply the masses. It is the patronage of the masses that makes enterprises grow into bigness. The common man is supreme in the market economy. He is the customer “who is always right. ↗
The complexity of our present trouble suggests as never before that we need to change our present concept of education. Education is not properly an industry, and its proper use is not to serve industries, either by job-training or by industry-subsidized research. It's proper use is to enable citizens to live lives that are economically, politically, socially, and culturally responsible. This cannot be done by gathering or "accessing" what we now call "information" - which is to say facts without context and therefore without priority. A proper education enables young people to put their lives in order, which means knowing what things are more important than other things; it means putting first things first. ↗
If there are still honest-smart men and women within those old and noble traditions, they should think carefully, observe and diagnose the illness. They should face the contradiction. Discuss the conflation. And then do as Warren Buffett and Bill Gates and many others have done. Choose the miracle of creative competition over an idolatry of cash. They should stand up.. ↗
It's critical to have a sound foundation in free-market economics and the Constitution. A great many Republicans in Washington don't have that foundation. ↗
Feminists know that if women are paid equal wages for equal work, women will gain sexual as well as economic independence. But feminists have refused to face the fact that in a woman-hating social system, women will never be paid equal wages. Men in all their institutions of power are sustained by the sex labor and sexual subordination of women. The sex labor of women must be maintained; and systematic low wages for sex-neutral work effectively force women to sell sex to survive. The economic system that pays women lower wages than it pays men actually punishes women for working outside marriage or prostitution, since women work hard for low wages and still must sell sex. The economic system that punishes women for working outside the bedroom by paying low wages contributes significantly to women's perception that the sexual serving of men is a necessary part of any woman's life: or how else could she live? Feminists appear to think that equal pay for equal work is a simple reform, whereas it no reform at all; it is revolution. Feminists have refused to face the fact that equal pay for equal work is impossible as long as men rule women, and right-wing women have refused to forget it. ↗
