If a theory of justice is to guide reasoned choice of policies, strategies or institutions, then the identification of fully just social arrangements is neither necessary nor sufficient.

The markets make a good servant but a bad master, and a worse religion.

What should have died along with communism is the belief that modern societies can be run on a single principle, whether that of planning under the general will or that of free-market allocations.

Poverty can be brought about by law; it cannot be forbidden by law.

In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.

Homo economicus was surreptitiously taken as the emblem and analogue for all living beings. A mechanistic anthropomorphism has gained currency. Bacteria are imagined to mimic “economic” behavior and to engage in internecine competition for the...

Nul ne conteste l’appartenance de cette savane au Brésil et son droit d’en user comme bon lui semble. La querelle ne surgit que plus haut vers le nord. Une belle question de droit international: à...

and Mr. Mayor, tonight I will be a citizen of this city when I put my shoes under my bed. The courageous men, women and children who are with me (blocked from crossing the bridge...

The only inexplicable aspect of the process was that economic theory (which is, after all, what economics students were supposed to know) served almost no function in an investment bank. The bankers used economics as...

La mayoría nos formulamos la pregunta “,Qué gano yo si lo hago?” más habitual de lo que nos interrogamos si “,Es lo que estoy haciendo moral o correcto en términos políticos?”.[…] en ninguna otra época...

What is a price? It is a proposed point of agreement between a buyer and seller. The proposal is the key. It is not a marching order. Past prices represent deals done in history. Current...

Praxeology is a theoretical and systematic, not a historical, science. Its scope is human action as such, irrespective of all environmental, accidental, and individual circumstances of the concrete acts. Its cognition is purely formal and...

One of the most momentous, yet all but invisible, psychological changes in human history has been the intensification of a sense of insecurity and alienation from the world around us that arose when we became...

Neoclassical economics is precisely the theory one would expect a vastly complex system of international corporations, world markets, and interconnected currencies to create to sustain, justify, explain, and predict “itself.” And classical economics, correspondingly, was...

There are three laws that govern our universe – laws of physics, laws of nature, and spiritual laws. Like the laws of physics and nature, spiritual laws are just as precise as any mathematics equation.

There ain’t no such thing as a free lunch.

Economics. “Something humans invented and then lost control of, it isn’t real, it’s not like gravity and we could evolve the economic process to make sense, but can’t because we would all lose money if...

The industrial mind is a mind without compunction; it simply accepts that people, ultimately, will be treated as things and that things, ultimately, will be treated as garbage. (A Defense of the Family Farm, 1986)

The rich feel much less need than their predecessors to account for their wealth, whether to society, to governments or to God. Their attitudes and values are not seriously challenged by anyone. The respect now...

State ownership! It leads only to absurd and monstrous conclusions; state ownership means state monopoly, concentrated in the hands of one party and its adherents, and that state brings only ruin and bankruptcy to all.

An economic system which can only expand or expire must be false to all that is human.

Greenspan advised the American people to buy – he repeated the old mantra: ‘spending is patriotic’. He also managed to convince them that if they did not have the money, that shouldn’t stop them. They...

The disdain of profit is due to ignorance, and to an attitude that we may if we wish admire in the ascetic who has chosen to be content with a small share of the riches...

Nothing is easier to achieve than full employment, once it is divorced from the goal of full production and taken as an end in itself

Environmental degradation is an iatrogenic disease induced by economic physicians who treat the basic malady of unlimited wants by prescribing unlimited growth…. Yet one certainly does not cure a treatment-induced disease by increasing the treatment...

Christ represents originally: 1) men before God; 2) God for men; 3) men to man.Similarly, money represents originally, in accordance with the idea of money: 1) private property for private property; 2) society for private...

To whom is an international corporation answerable? Often they do not employ workers. They outsource manufacturing to places far away. If wages rise in one place, they can, almost instantly, transfer production to somewhere else....

The problem with capitalism is that “we have a global theology without morality, without a Bible.” And that’s dangerous, he warns – “we’re not going to be able to exist in a global context if...

Consider the recent financial crisis and its link to faulty reward systems. President Bill Clinton’s objective of increasing homeownership by rewarding potential home buyers and lenders is one example. The Clinton administration “went to ridiculous...

The time to repair the roof is when the sun is shining.[State of the Union Address January 11 1962]

Ideology follows the money.””Governments don’t protect people, people protect governments.””To accept the legitimacy of the state is to embrace the necessity for war.

So let us be clear about this up front: We hope to recruit you to join an incipient movement to emancipate women and fight global poverty by unlocking women’s power as economic catalysts. That is...

É onde estava investido.

We should look closely on what is happening at the moment, guys with little moustaches can pop up everywhere now given this instable economic situation. A look into history shows us what that could mean.

The media are desperately afraid of being accused of bias. And that’s partly because there’s a whole machine out there, an organized attempt to accuse them of bias whenever they say anything that the Right...

creative destruction.” But humankind has a great capacity for finding technological solutions to seemingly intractable problems, and this will likely be the case for global warming. It isn’t that the problem isn’t potentially large. It’s...

As the war progresses, and as population increases to an even more intolerable level stretching resources to impossible lengths, the strong will begin fighting for their very survival. That’s what we’re seeing right now. Society...

Inevitably, people tell me that poor folks are lazy or unintelligent, that they are somehow deserving of their poverty. However, if you begin to look at the sociological literature on poverty, a more complex picture...

Since the 1980s, we have given the rich a bigger slice of our pie in the belief that they would create more wealth, making the pie bigger than otherwise possible in the long run. The...

Art is the beautiful way of doing things. Science is the effective way of doing things. Business is the economic way of doing things.

Whoever controls the volume of money in any country is absolute master of all industry and commerce.

Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We...

Résumons en quatre mots le pacte social des deux états. Vous avez besoin de moi, car je suis riche et vous êtes pauvre ; faisons donc un accord entre nous : je permettrai que vous...

The free enterprise concept inherent in the economic model of capitalism should mean common people, or lower and middle class wage-earners, have greater potential to rise up and gain financial independence. In reality, however, free...

Economics is extremely useful as a form of employment for economists.

Well first of all, tell me: Is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of...

Without exception all political parties promise their supporters a higher real income. There is no difference in this respect between nationalists and internationalists and between the supporters of a market economy and the advocates of...

The ideas of debtor and creditor as to what constitutes a good time never coincide.

Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be...

My first undertaking in the way of scientific experiment was in the field of economics and psychology.