Fairness Quotes - page 2
There is a need to renew our economic institutions and the principles which guide them. Parts of the financial sector, we now know, were run on a false prospectus. With the rewards to some individuals completely divorced from basic ideas of fairness, or service. And, as it transpires, sadly those rewards were also divorced from any reasonable notion of lasting value. That could not be sustained. And it was not sustained.
Alex Salmond
We aspire to a new world order, one based on justice, fairness and peace; one that will replace the unjust and unequal system of prevailing today, in which, as the final summit declaration states: "Wealth is concentrated in the hands of a few powers whose wasteful economies are maintained by the exploitation of workers as well as by the transfer and plunder of of the natural and other resources of the peoples of Africa, Latin America, Asia and other regions of the world."
Fidel Castro
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
Dumping is the exporting to this country of goods from a foreign land under the cost-beneath the price at which they are sold in their own country. There could be only one object in doing that, and that is to make war upon a particular industry in our country. That is unfair. ... In the interests of fairness, as well as in the interests of British industry as a whole, the Government have decided to submit to Parliament proposals which will effectively deal with dumping in the sense in which I have defined it.
David Lloyd George
