#economics

If economics were only about profit maximization, it would be just another name for business administration. It is a social discipline, and society has other means of cost accounting besides market prices. ↗

— Dani Rodrik

#economics #globalization #instituions #politics #business

Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told. ↗

— Ha-Joon Chang

#economy #recession #social-justice #tax-cuts #taxation

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

At times there's something so precise and mathematically chilling about nationalism. Build a dam to take away water AWAY from 40 million people. Build a dam to pretend to BRING water to 40 million people. Who are these gods that govern us? Is there no limit to their powers? ↗

— Arundhati Roy

#capitalism #corporations #dam #economics #environmental-degradation

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

[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

Then the shit hit the fan. ↗

— John Kenneth Galbraith

#economics #life

Many find in sex and economics the meaning of life and the reason of it all. The consequence of this is that the goal of life for many has become a relief of tension. ↗

— Sachindra Kumar Majumdar

#goal-of-life #meaning-of-life #sex #tension #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