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In this book I try to show how models of self-organization can be applied to many economic phenomena - how the principle of "order from instability," which explains the growth of hurricanes and embryos, can also explain the formation of cities and business cycles; how the principle of "order from random growth" can explain the strangely simple rules that describe the sizes of earth quakes, meteorites, and metropolitan areas. I believe that the ideas of self-organization theory can add substantially to our understanding of the economy; whatever their ultimate usefulness, these ideas are very exciting, and playing around with them is tremendous fun.
Paul Krugman
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Intermediate between mathematics, statistics, and economics, we find a new discipline which, for lack of a better name, may be called econometrics. Econometrics has as its aim to subject abstract laws of theoretical political economy or "pure" economics to experimental and numerical verification, and thus to turn pure economics, as far as possible, into a science in the strict sense of the word.
Ragnar Frisch
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Institutionalized rejection of difference is an absolute necessity in a profit economy which needs outsiders as surplus people.
Audre Lorde
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I intend to discuss some perplexing issues which are raised once we embrace the hypothesis that society can be deschooled; to search for criteria which may help us distinguish institutions which merit development because they support learning in a deschooled milieu; and to clarify those personal goals which would foster the advent of an Age of Leisure (schole) as opposed to an economy dominated by service industries.
Ivan Illich
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The market economy-capitalism-is a social system of consumers' supremacy.
Ludwig von Mises
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If we bestow but a very little attention to the economy of the animal creation, we shall find manifest examples of premeditation, perseverance, resolution, and consumate artifice, in order to effect their purpose.
William Bartram
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It is historically the case that virtually every new zone incorporated into the world-economy established levels of real remuneration which were at the bottom of the world-system's hierarchy of wage-levels.
Immanuel Wallerstein
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The blunt truth about the politics of climate change is that no country will want to sacrifice its economy in order to meet this challenge.
Tony Blair
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It is important to realize that the market economy, though it is associated historically with the rise of modern private capitalism, is as a mechanism not necessarily limited to that system.
Daniel Bell
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20 years ago it would not have been possible for the world's economy to be run using a mark. Computer chip implants are now common and it is totally possible to eliminate cash, credit cards, checks, debit cards and go to all electronic transactions. Anyone who doesn't go along to get along will not be welcome on the planet. Have you seen the commercials where everyone is dancing smoothly through the checkout line buying their food until one idiot wants to pay with CASH? It messes up the smooth flow of things for everyone. Those commercials are psychological preparations for people to accept the mark. Watch for many more to be on TV!
Kent Hovind
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If growth in East Asia is indeed running into diminishing returns, however, the conventional wisdom about an Asian-centered world economy needs some rethinking.
Paul Krugman
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Capitalism must be regarded as an economy of unpaid costs, 'unpaid' in so far as a substantial portion of the actual costs of production remains unaccounted for in entrepreneurial outlays; instead they are shifted to, and ultimately borne by, third persons or by the community as a whole.
Karl William Kapp
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In a world that had become a salvage operation, the general supply evolved into Union Grove's leading industry. When every last useful thing in town had been stripped from the Kmart and the United Auto, the CVS drugstore, and other trading establishments of the bygone national chain-store economy, daily life became a perpetual flea market centered on the old town dump.
James Howard Kunstler
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In the United States… a handful of corporations centralize decisions and responsibilities that are relevant for military and political as well as economic developments of global significance. For nowadays the military and the political cannot be separated from economic considerations of power. We now live not in an economic order or a political order, but in a political economy that is closely linked with military institutions and decisions. This is obvious in the repeated "oil crisis" in the Middle East, or in the relevance of Southeast Asia and African resources for the Western powers…
C. Wright Mills
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It seems perfectly clear that Economy, if it is to be a science at all, must be a mathematical science. There exists much prejudice against attempts to introduce the methods and language of mathematics into any branch of the moral sciences. Most persons appear to hold that the physical sciences form the proper sphere of mathematical method, and that the moral sciences demand some other method-I know not what.
William Stanley Jevons
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An economy consists of people whose performance determines its material achievement.
Peter Thomas Bauer
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Throwing Ronald Reagan out of office at the height of his popularity, with inflation and interest rates down, the economy moving and the country at peace, would have required God on the ticket and She was not available!
Geraldine Ferraro
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I do not see how one can look at figures like these without seeing them representing possibilities. Is there some action a government of India could take that would lead the Indian economy to grow like Indonesia's or Egypt's? If so, what exactly? If not, what is it about the "nature of India" that makes it so? The consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else.
Robert Lucas, Jr.
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A major source of objection to a free economy is precisely that it … gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
Milton Friedman
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Economism is the view that the economy is the most important part of society and that the other dimensions such as politics and education should serve it. Economism has become the ruling ideology, not because of claims of economists, but because of the decisions of political leaders, financiers, corporate leaders, and the general public.
John B. Cobb
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It doesn't take a genius to see what happens when the entitlement state outgrows the economy upon which it rests. The time of Greece, Cyprus, Portugal, Spain, the rest of insolvent social-democratic Europe – and now Detroit – is the time for conservatives to raise the banner of Stein's Law and yell, 'Stop.' You can kick the can down the road, but at some point it disappears over a cliff.
Charles Krauthammer
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In its application to natural science Grosseteste based his method of verification and falsification on two assumptions about the nature of reality. (a) The first was the principle of the uniformity of nature, meaning that forms are always uniform in their operations.... In support of this principle he quoted 'Aristotles II de Generat.:...'the same cause, provided it remains in the same condition, cannot produce anything but the same effect.' (b) The second assumption Grosseteste made was that of the principle of economy, or lex parsimoniae. This he also derived from Aristotle, who stated it as a pragmatic principle.
Alistair Cameron Crombie
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This new model of development would be based clearly on the goal of sustainable human well-being. It would use measures of progress that clearly acknowledge this goal. It would acknowledge the importance of ecological sustainability, social fairness, and real economic efficiency. Ecological sustainability implies recognizing that natural and social capital are not infinitely substitutable for built and human capital, and that real biophysical limits exist to the expansion of the market economy.
Robert Costanza
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Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term customer loyalty. It's the only strategy for out-performing a dismal economy.
Gary Hamel
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The probity in a public life is a must for improvement of country's economy vis-à-vis the living conditions of common man. To mould the perceptions of students he wrote biographies of three great men.
D. V. Gundappa
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Ultimately, America's answer to the intolerant man is diversity, the very diversity which our heritage of religious freedom has inspired.
Robert F. Kennedy
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