#economics

Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulates riches. ↗

— Ludwig von Mises

#politics #freedom

My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table. ↗

— Seth Gordon

#conversations #dinner #dinner table #economics #economists

To summarize, using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance. ↗

— Dan Ariely

#human #human-behavior #mind #motivation #wok

In human life, economics precedes politics or culture. ↗

— Park Geun-hye

#economics #human #human life #life #politics

I found this out over the years, that racism is a thinly veiled disguise over economics and money. It really is. ↗

— Quincy Jones

#economics #found #i #money #out

There is a contradiction between market liberalism and political liberalism. The market liberals (e.g., social conservatives) of today want family values, less government, and maintain the traditions of society (at least in America's case). However, we must face the cultural contradiction of capitalism: the progress of capitalism, which necessitates a consumer culture, undermines the values which render capitalism possible ↗

— Slavoj Žižek

#socialism #family

To be brutally honest, it's simple economics. If they want to come into cycling, sponsors need to know the team they are funding is clean, otherwise the risk is just too great. ↗

— David Millar

#clean #come #cycling #economics #funding

Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics. ↗

— George Reisman

#clearest #competition #economic #economics #evidence

Complexity is not an aesthetic criterion. It is a quality associated only with division and organization of labor. ↗

— Christopher Caudwell

#art #beauty #economics #poetry #truth

Journalism students need to understand it and need a solid background in the liberal arts, in sociology, economics, literature and language, because they won't get it later on. ↗

— Harrison Salisbury

#background #because #economics #get #journalism