Poverty in western Mexico is an Unconditional Sentence.

In California, the state’s huge dairy herd produces twenty-seven million tons of manure a year, the particulates and vapors from which have helped to make air quality in the argiculturally intensive San Joaquin Valley worse...

Here’s the solution. We need a CO2 tax, revenue-neutral, to replace taxation on employment, which was invented by Bismarck — and some things have changed since the 19th Century.

The experience of history should lead us to hope and strive to make the world better, not to despair and resign ourselves to fate.

Most of us are pseudo-scholars…for we are a very large and quite a powerful class, eminent in Church and State, we control the education of the Empire, we lend to the Press such distinction as...

The overall U.S. homeownership rate increased from 64 percent in 1994 to a peak in 2004 with an all-time high of 69.2 percent. Real estate had become the leading business in America, more and more...

It is because every individual knows little and, in particular, because we rarely know which of us knows best best that we trust the independent and competitive efforts of many to induce the emergence of...

Laissez faire (in its full true meaning) opens the way to the realization of the noble dreams of socialism.

The individualism of current economic theory is manifest in the purely self-interested behavior it generally assumes. It has no real place for fairness, malevolence, and benevolence, nor for the preservation of human life or any...

Moments are the elements of profit

Those who believe that liberal democracy and the free market can be defended by the force of law and regulation alone, without an internalised sense of duty and morality, are tragically mistaken.

A good accountant is someone who told you yesterday what the economists forcast for tomorrow

Do you understand economics? I mean big-time, prewar, global capitalism. Do you get how it worked? I don’t, and anyone who says they do is full of shit.

An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.

The artificial primacy of defense among our national priorities is a constant unearned windfall for some, but it’s privation for the rest of America; it steals from what we could be and can do. In...

The financial markets are not to be trusted. They expect to be given free reign to make huge profits while the sun is shining, but hasten to the shelter of the state when the skies...

It [economics] is the study of how people, companies, and societies allocate scarce resources. Which happens to be the same puzzle you and your spouse are perpetually trying to solve: how to spend your limited...

…If you look at mainstream economics there are three things you will not find in a mainstream economic model – Banks, Debt, and Money. How anybody can think they can analyze capital while leaving out...

These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas.Wait—Texas? Wasn’t Texas supposed to be thriving even as the rest of America suffered?...

NAUGHTY AND NICE? said Death. BUT IT’S EASY TO BE NICE IF YOU’RE RICH. IS THIS FAIR?Albert wanted to argue. He wanted to say, Really? In that case, how come so many of the rich...

One who criticises capitalism while approving of immigration, of which the working class is its first victim, would do better to remain silent. One who criticises immigration while remaining silent regarding capitalism should do the...

We could manage to survive without money changers and stockbrokers. We should find it harder to do without miners, steel workers and those who cultivate the land

Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rich as what they are — a simple upward redistribution of income, rather than a way to...

The test of a progressive policy is not private but public, not just rising income and consumption for individuals, but widening the opportunities and what Amartya Sen calls the ‘capabilities’ of all through collective action....

Our hopes of avoiding the fate which threatens must…[be to make]adjustments that will be needed if we are to recover and surpass our former standards…and only if every one of us is ready to individually...

We have not noticed how fast the rest has risen. Most of the industrialized world–and a good part of the nonindustrialized world as well–has better cell phone service than the United States. Broadband is faster...

One of the Great Rules of Economics According to John GreenIf you are rich, you have to be an idiot not to stay rich. And if you are poor, you have to be really smart...

Talent, just like gold or any other precious commodity is subject to the same demand & supply economics

The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve....

There is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is...

Therefore it is not arrogance or narrow-mindedness that leads the economist to discuss these things from the standpoint of economics. No one, who is not able to form an independent opinion about the admittedly difficult...

1 billion people in the world are chronically hungry. 1 billion people are overweight.

Economics make homeopath and alternative healers look empirical and scientific.

Your money myth affects your gain and luck.In economics, illusion of money affects wealth.

The quasi-peaceable gentleman of leisure, then, not only consumes of the staff of life beyond the minimum required for subsistence and physical efficiency, but his consumption also undergoes a specialisation as regards the quality of...

When Republicans recently charged the President with promoting ‘class warfare,’ he answered it was ‘just math.’ But it’s more than math. It’s a matter of morality.Republicans have posed the deepest moral question of any society:...

As if it were Injustice to sell dearer than we buy; or to give more to a man than he merits. The value of all things contracted for, is measured by the Appetite of the...

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...