Wage Quotes - page 4
Keynes didn't make an all-out assault on Economic Man, but he often resorted to plausible psychological theorizing rather than careful analysis of what a rational decision-maker would do. Business decisions were driven by "animal spirits,” consumer decisions by a psychological tendency to spend some but not all of any increase in income, wage settlements by a sense of fairness, and so on.
But was it really a good idea to diminish the role of Economic Man that much? No, said Friedman, who argued in his 1953 essay "The Methodology of Positive Economics” that economic theories should be judged not by their psychological realism but by their ability to predict behavior. And Friedman's two greatest triumphs as an economic theorist came from applying the hypothesis of rational behavior to questions other economists had thought beyond its reach.
Paul Krugman
But will reënforcement work the other way, also? Religion strengthens the social spirit; will the social spirit strengthen personal religion? When a minister gets hot about child labor and wage slavery, is he not apt to get cold about prayer meetings and evangelistic efforts? When young women become interested in social work, do they not often lose their taste for the culture of the spiritual life and the peace of religious meditation?
Walter Rauschenbusch
The capitalists misinformed and miseducated workers in the metropoles to the point where they became allies in colonial exploitation. In accepting to be led like sheep, European workers were perpetuating their own enslavement to the capitalists. They ceased to seek political power and contented themselves with bargaining for small wage increases, which were usually counter-balanced by increased costs of living. They ceased to be creative and allowed bourgeois cultural decadence to overtake them all. They failed to exercise any independent judgment on the great issues of war and peace, and therefore ended up by slaughtering not only colonial peoples but also themselves.
Walter Rodney
Capitalism should not be condemned, since we haven't had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It's not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!
Ron Paul
Of course some wars may have been necessary or inevitable, but none was ever regarded as holy. For us, a holy war is a contradiction in terms. War dehumanizes, war diminishes, war debases all those who wage it. The Talmud says, "Talmidei hukhamim marbin shalom baolam" (It is the wise men who will bring about peace). Perhaps, because wise men remember best.
Elie Wiesel
Growing up in Gary Indiana gave me, I think, a distinct advantage over many of my classmates who had grown up in affluent suburbs. They could read articles that argued that in competitive equilibrium, there could not be discrimination, so long as there are some non-discriminatory individuals or firms, since it would pay any such firm to hire the lower wage discriminated-against individuals, and take them seriously. I knew that discrimination existed, even though there were many individuals who were not prejudiced. To me, the theorem simply proved that one or more of the assumptions that went into the theory was wrong.
Joseph Stiglitz
Hitler also anticipated modern economic policy . . . by recognizing that a rapid approach to full employment was only possible if it was combined with wage and price controls. That a nation oppressed by economic fear would respond to Hitler as Americans did to F.D.R. is not surprising.
John Kenneth Galbraith
Not only is it possible to devise complete models of the economy on hypotheses other than rationality, but in fact virtually every practical theory of macroeconomics is partly so based. The price- and wage- rigidity elements of Keynesian theory are hard to fit into a rational framework, though some valiant efforts have been made. ... But if the Keynesian model is a natural target of criticism by the upholders of universal rationality, it must be added that monetarism is no better. I know of no serious derivation of the demand for money from a rational optimization. ... The use of rationality in these arguments is ritualistic, not essential.
Kenneth Arrow
My hope is that... I will open Democrats' and other progressives' eyes to the many values shared by the Left and Right... like the desire to end corporate welfare and convert to a renewable energy (solar) economy. ...the way to defeat Trump... is to embrace (not marginalize) issues such as raising the minimum wage. ...It is a question of do or just further fade away.
Ralph Nader
The Aitolians, the Akarnanians, the Macedonians, men of the same speech, are united or disunited by trivial causes that arise from time to time; with aliens, with barbarians, all Greeks wage and will wage eternal war; for they are enemies by the will of nature, which is eternal, and not from reasons that change from day to day...
Livy
On my orders, coalition forces have begun striking selected targets of military importance to undermine Saddam Hussein's ability to wage war. These are opening stages of what will be a broad and concerted campaign. More than 35 countries are giving crucial support -- from the use of naval and air bases, to help with intelligence and logistics, to the deployment of combat units. Every nation in this coalition has chosen to bear the duty and share the honor of serving in our common defense.
George W. Bush
Because Africans and Americans share a belief in the values of liberty and dignity, we must share in the labor of advancing those values. In a time of growing commerce across the globe, we will ensure that the nations of Africa are full partners in the trade and prosperity of the world. Against the waste and violence of civil war, we will stand together for peace. Against the merciless terrorists who threaten every nation, we will wage an unrelenting campaign of justice. Confronted with desperate hunger, we will answer with human compassion and the tools of human technology. In the face of spreading disease, we will join with you in turning the tides against AIDS in Africa.
George W. Bush
