#economics

Your money myth affects your gain and luck. In economics, illusion of money affects wealth. ↗

— Toba Beta

#gain #illusion #luck #money #myth

Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow ... Even without corruption, it is easy to be influenced by Western businessmen and financiers ... Countries that aren't sure that borrowing is worth the rist are told how important it is to establis a credit rating: borrow even if you really don't need the money. ↗

— Joseph E. Stiglitz

#politics #money

One the one hand, our economists treat human beings as rational actors making choices to maximize their own economic benefit. On the other hand, the same companies that hire those economists also pay for advertising campaigns that use the raw materials of myth and magic to encourage people to act against their own best interests, whether it's a matter of buying overpriced fizzy sugar water or the much more serious matter of continuing to support the unthinking pursuit of business as usual in the teeth of approaching disaster. ↗

— John Michael Greer

#economics #myth #peak-oil #age

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

In human life, economics precedes politics or culture. ↗

— Park Geun-hye

#economics #human #human life #life #politics

The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930's were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly. ↗

— George Stigler

#before #central #chicago #close #department

I started in college as a business major and finally transferred to home economics and studied making clothes. ↗

— Phillip Lim

#clothes #college #economics #finally #home

Whether one believes or not, religion is as real a force in the life of the world as economics or politics, and it demands fair-minded attention. Even if you think the entire religious enterprise is at best misguided and at worst counterproductive, it remains vital, inspiring great good and, sometimes, great evil. ↗

— Jon Meacham

#believes #best #counterproductive #demands #economics

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy. ↗

— James Meade

#been #between #corpus #economic #economic policy

My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics. ↗

— James Meade

#economic #economic theory #economics #especially #i