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Now it is unambiguously clear that trickle-down economics does not work. But what does that mean? That means we have to structure our economic policies to make sure that we have shared prosperity. And you don't do that by giving a tax cut to the big winners and raising taxes on those who have not done very well. Your economic policy has to respond to the way our economic system has been working.
Joseph StiglitzProstitution means sexual intercourse between a man and a woman aimed at satisfying the man's sexual and the woman's economic needs. It is obvious that sexual needs, even in a male dominated system, are not as urgent and important as economic needs which, if not satisfied, lead to disease and death. Yet society considers the woman's economic need as less vital than the man's sexual one.
Nawal El SaadawiWe are under the stifling regulation and taxes of a predominantly left-wing type of thinking and philosophy. The eight years of Barack Obama have shrouded this country in punitive regulations. We haven't had economic growth higher than one and a half percent for the last eight or nine years, and that was done on purpose. There have been robust times in the past, and there are a lot of people right now that are doing well and are growing. But generally it ought to be much better in the past. There needs to be an economic revival.
Rush LimbaughAnarchism is a definite intellectual current in the life of our times, whose adherents advocate the abolition of economic monopolies and of all political and social coercive institutions within society. In place of the present capitalistic economic order Anarchists would have a free association of all productive forces based upon co-operative labour, which would have as its sole purpose the satisfying of the necessary requirements of every member of society, and would no longer have in view the special interest of privileged minorities within the social union.
Rudolf RockerThe decisions of the courts on economic and social questions depend on their economic and social philosophy.
Theodore RooseveltI was criticized at some level within the Republican Party by those who say government should not be in the economic development business at all. My response is that the only country I know that doesn't have an economic development plan is Papa New Guinea.
Jon Huntsman, Jr.Our object is the economic freedom of the producing classes; this ultimate goal will be attained after a long and bitter struggle; therefore, our primary task is to organize the masses and lead them in the struggle for economic freedom.
M. N. RoyThere are all sorts of institutions in the economic world which depart from the simple price/market model which I worked on in an earlier incarnation and which has been sort of the mainstream of economic theories since Adam Smith and David Ricardo. There are all sorts of contractual relations between firms and individuals which do not conform to the simple price theory - profit-sharing schemes and so forth - and the explanation for these suddenly became clear. We now understand why these emerged and that they are based on differences in information in the economy.
Kenneth ArrowTo maintain our economic and national security, we must maximize all of our nation's energy resources, including renewable sources, alternative fuels, and fossil fuels, all in a way that balances economic development and protecting our environment.
Joe HeckI think it is inevitable that leftist forces in the US would be divided, if not balkanized, to some extent. Among the full range of people who are committed to social and economic equality and ecological justice - i.e. to some variant of a leftist vision of a decent society - it will always be the case that some will be more focused on egalitarian economic issues, others around the environment and climate change, others on US imperialism, militarism and foreign policy, others on race and gender equality, and still others on sexual identity.
Robert PollinThe problem of numbers can only be dealt with by recognizing that people have a fundamental right to economic security. If you provide them with economic and environmental security, the population will stabilize itself.
Vandana ShivaFor too many, the dream of economic mobility has been replaced with a nightmare of economic stagnation.
Mario CuomoI believe that the behavior of too many of our corporations investment bankers and fund managers has jeopardized some of the trust that investors have had. It's not the economic engine that we need to focus on, but the need to make sure that our investors receive their fair share of the returns that that great economic system produces.
John C. BogleWhen people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.
Michael HudsonThe accepted ideas of any period are singularly those that serve the dominant economic interest...What economists believe and teach, whether in the United States or in the Soviet Union, is rarely hostile to the institutions - the private business enterprise, the Communist Party - that reflect the dominant economic power. Not to notice this takes effort, although many succeed.
John Kenneth GalbraithIf I could say something about Capricornia, and it came out in your previous report, there is no doubt that the end of the mining boom has led to an economic downturn in central Queensland, and that is why people in Capricornia, and elsewhere in central Queensland too, are so desperate for a government that will protect their jobs and create new opportunities for jobs in the future. And that is why [Malcolm] Turnbull government's message of jobs and growth and its six point economic plan is so important to them.
George BrandisPeace, development, and justice are all connected to each other. We cannot talk about economic development without talking about peace. How can we expect economic development in a battlefield?
Aung San Suu KyiI am not interested in dry economic socialism. We are fighting against misery, but we are also fighting against alienation. One of the fundamental objectives of Marxism is to remove interest, the factor of individual interest, and gain, from people's psychological motivations. Marx was preoccupied both with economic factors and with their repercussions on the spirit. If communism isn't interested in this too, it may be a method of distributing goods, but it will never be a revolutionary way of life.
Che GuevaraGood, healthy democratic societies are built on three pillars: there's peace and stability, economic development, and respect for rule of law and human rights. But often, we take stability - peace in terms of security and economic activity - to mean a country is doing well. We forget the third and important pillar of rule of law and respect for human rights, because no country can long remain prosperous without that third pillar.
Kofi AnnanThe economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.
Ben BernankeIn the next economic downturn there will be an outbreak of bitterness and contempt for the supercorporate chieftains who pay themselves millions. In every major economic downturn in US history the villains have been the heroes during the preceding boom.
Peter DruckerI support a very active programme on disarmament and arms control for Iraq, and of course every other country in the world... That does not require economic sanctions...I think we've got to take the risk and give up economic sanctions while hanging on to the disarmament programme and allow the Iraqis to get on with rebuilding their country.
Denis HallidayEconomic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness of self-reliance.
E. F. Schumacher[Economic restrictions] is one of the elements that is destabilising the world economic order that was at one time created largely by the United States itself at the dawn of the General Agreement on Tariffs and Trade that was later transformed into the World Trade Organisation.
Vladimir PutinAmerica, like Britain before her, is now the great defender of the Status Quo. She has committed herself against revolution and radical change in the underdeveloped world because independent governments would destroy the world economic and political system, which assures the United States its disproportionate share of economic and political power ... America's preeminent wealth depends upon keeping things in the underdeveloped world much as they are, allowing change and modernization to proceed only in a controlled, orderly, and nonthreatening way.
Richard BarnetMany of us in the West have come to feel that the development of technology in the military and economic fields has produced a single world in which the central problems, both military and economic, are going to require co-operation rather than continued confrontation and competition.
Denis HealeyMike Pence came out and said this was a courtesy call, then Donald Trump a few hours later went on Twitter, as is his wont, and essentially linked the call to Taiwan with a whole series of things he doesn't like about Chinese economic and foreign policies and implied that the U.S. views of the status of Taiwan are now up for negotiation, that he wants them to be part of a broader negotiation with China about a whole series of economic and foreign policy issues. So, we just don't really know what exactly they're planing to do with this.
Geoff DyerThe ability of the 1 percent to buy politicians and regulators is nothing new in American politics - just as inequality has been a permanent part of our economic system. This is true of virtually all political and economic systems.
Eric AltermanEconomic theorists, like French chefs in regard to food, have developed stylized models whose ingredients are limited by some unwritten rules. Just as traditional French cooking does not use seaweed or raw fish, so neoclassical models do not make assumptions derived from psychology, anthropology, or sociology. I disagree with any rules that limit the nature of the ingredients in economic models.
George AkerlofIn the past the intrinsic pleasures of parenthood for most American families were increased by the extrinsic economic return thatchildren brought. Today, parents have children despite their economic cost. This is a major, indeed a revolutionary, change.
Kenneth KenistonI learned a lot from Clint [Eastwood], who's an extremely economic director. I learned a lot from Michael Winterbottom, who really gave a lot of trust in the actors and allowed them to live in the space instead of trying to manipulate and make it too set and too staged. Working with [Robert] De Niro taught me a lot of being an actors' director and what that is. I've learned a lot from pretty much everybody. Hopefully I've picked up something from everybody I've worked with.
Angelina JolieI believe that we can create a poverty-free world because poverty is not created by poor people. It has been created and sustained by the economic and social systems that we have designed for ourselves; the institutions and concepts that make up that system; the policies that we pursue.
Muhammad YunusThe impact of climate change is relatively small. The average impact on welfare is equivalent to losing a few per cent of income. That is, the impact of a century worth of climate change is comparable to the impact of one or two years of economic growth.
Richard TolIt has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.
Mark ZandiThe inescapable fact is that when we build a society based on greed, selfishness, and ruthless competition, the fruits we can expect to reap are economic insecurity at home and international discord abroad.
Tommy DouglasFor a society as abundant and as blessed as ours, to have as many disadvantaged children as we have does not bode well for our long-term economic future.
Marianne WilliamsonCommunism wasn't a word that I thought of when I went to Cuba. The original Fidelistas were not Communists. They were graduate students at the university and law students. After the Fidelistas took over, they went to Washington and tried to get support from the U.S. government, which turned them down. They were in a desperate political and economic situation, so they took the offer from the Soviet Union. Communism was a matter of necessity.
Lawrence FerlinghettiThe stupidity of the average man will permit the oligarch, whether economic or political, to hide his real purposes from the scrutiny of his fellows and to withdraw his activities from effective control. Since it is impossible to count on enough moral goodwill among those who possess irresponsible power to sacrifice it for the good of the whole, it must be destroyed by coercive methods and these will always run the peril of introducing new forms of injustice in place of those abolished.
Reinhold NiebuhrWe must prepare the ground for creativity. And if this also gives rise later to success in the economic sense, success in terms of Euros and Cents, this will by no means reduce my joy.
Johannes RauExcessive economic, social and cultural inequalities among peoples arouse tensions and conflicts, and are a danger to peace.
Pope Paul VIThe way to healthy living is to shift from quantitative economic growth to quality of life, food, water and air - to shift from craving to contentment and from greed to gratitude
Satish KumarThis is class war on an international scale, and power is in the hands of those who control the international economic system.
Noam ChomskyWhile I have questions about the language used in describing the two economic systems, I think people have fairly good gut sense of the difference between socialism and capitalism.
Chris MatthewsWhen I go into a restaurant, the waitress who brings me my meal, the cook in the back who prepared it, the delivery men, the wholesalers, the workers in the food-processing factories, the butchers, the farmers, the ranchers, and everyone else in the economic food chain are all being used by God to โgive me this day my daily bread.โ
Gene VeithWe should try to introduce our children to science today as a rebellion against poverty and ugliness and militarism and economic injustice.
Freeman DysonThe notion that aid can alleviate systemic poverty, and has done so, is a myth. Millions in Africa are poorer today because of aid; misery and poverty have not ended but increased. Aid has been, and continues to be, an unmitigated political, economic, and humanitarian disaster for most parts of the developing world.
Dambisa Moyo