#economics

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

[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

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

Then the shit hit the fan. ↗

— John Kenneth Galbraith

#economics #life