What one has to say to begin with is that, as humans, we are limited in intelligence and we really have no reliable foresight. So none of us will come up with answers to the whole great problem. What we can do is judge our behavior, our history, and our present situation by a better standard than "efficiency” or "profit,” or those measures that we're still using to determine economic decisions.
Wendell BerryRelated topics
begin behavior efficiency foresight great history intelligence judge limited none present problem profit reliable say situation standard using humansRelated quotes
While economic theory in general may be defined as the theory of how an economic condition or an economic development is determined within an institutional framework, the welfare theory deals with how to judge whether one condition can be said to be better in some way than another and whether it is possible, by altering the institutional framework, to achieve a better condition than the present one.
John Hicks
While economic theory in general may be defined as the theory of how an economic condition or an economic development is determined within an institutional framework, the welfare theory deals with how to judge whether one condition can be said to be better in some way than another and whether it is possible, by altering the institutional framework, to achieve a better condition than the present one.
Kenneth Arrow
There is no economic policy. That's really important to say. The general modus operandi of the Bushies is that they don't make policies to deal with problems. They use problems to justify things they wanted to do anyway. So there is no policy to deal with the lack of jobs. There really isn't even a policy to deal with terrorism. It's all about how can we spin what's happening out there to do what we want to do.
Paul Krugman
Capitalism as a social order and as a creed is the expression of the belief in economic progress as leading toward the freedom and equality of the individual in a free and open society. Marxism expects this society to result from the abolition of private profit. Capitalism expects the free and equal society to result from the enthronement of private profit as supreme ruler of social behavior...
Peter Drucker
I don't have a problem with someone using their talents to become successful, I just don't think the highest calling is success. Things like freedom and the expansion of knowledge are beyond success, beyond the personal. Personal success is not wrong, but it is limited in importance, and once you have enough of it it is a shame to keep striving for that, instead of for truth, beauty, or justice.
Richard Stallman
