Quotes & Sayings About Economic Assumptions

The promises of pie-in-the-sky liberal environmentalists that we can convert to 'clean' energy sources and stimulate our economy are based on dubious environmental and economic assumptions, fantastic notions about alternative energy, and a disturbing acceptance of the tyrannies inherent in command-control economies. — David Limbaugh

Page after page of professional economic journals are filled with mathematical formulas leading the reader from sets of more or less plausible but entirely arbitrary assumptions to precisely stated but irrelevant theoretical conclusions. — Wassily Leontief

What are called opinions "on the left" and "on the right" in the media represent only a limited spectrum of debate, which reflects the range of needs of private power - but there's essentially nothing beyond those "acceptable" positions. So what the media do, in effect, is to take the set of assumptions which express the basic ideas of the propaganda system, whether about the Cold War or the economic system or the "national interest" and so on, and then present a range of debate within that framework - so the debate only enhances the strength of the assumptions, ingraining them in people's minds as the entire possible spectrum of opinion that there is. — Noam Chomsky

Economic theorists, like French chefs in regard to food, have developed stylized models whose ingredients are limited by some unwritten rules. Just as traditional French cooking does not use seaweed or raw fish, so neoclassical models do not make assumptions derived from psychology, anthropology, or sociology. I disagree with any rules that limit the nature of the ingredients in economic models. — George Akerlof

Government-to-government aid rests on socialistic assumptions and promotes socialism and stagnation, whereas private foreign investment rest on capitalist assumptions and promotes private enterprise and maximum economic growth. — Henry Hazlitt

Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which make it impossible to prove them right or wrong in the way we can with theories in physics or chemistry. — Ha-Joon Chang

When you conform to the monoculture's version of who you are and what the world is like, you lose your freedom along with your ability to be truly innovative in terms of your own life. Being able to draw on many different stories, not just the economic one, allows you to creatively and authentically meet the challenges that face you in your life. The monoculture, determinedly single-minded, insists that economic values and assumptions can be used to solve your problems, whether those problems are spiritual, political, intellectual, or relational. — F.S. Michaels

As for the Republicans
how can one regard seriously a frightened, greedy, nostalgic huddle of tradesmen and lucky idlers who shut their eyes to history and science, steel their emotions against decent human sympathy, cling to sordid and provincial ideals exalting sheer acquisitiveness and condoning artificial hardship for the non-materially-shrewd, dwell smugly and sentimentally in a distorted dream-cosmos of outmoded phrases and principles and attitudes based on the bygone agricultural-handicraft world, and revel in (consciously or unconsciously) mendacious assumptions (such as the notion that real liberty is synonymous with the single detail of unrestricted economic license or that a rational planning of resource-distribution would contravene some vague and mystical 'American heritage' ... ) utterly contrary to fact and without the slightest foundation in human experience? Intellectually, the Republican idea deserves the tolerance and respect one gives to the dead. — H.P. Lovecraft

We're living in a whole new social and economic order with a whole new set of problems and challenges. Old assumptions and old programs don't work in this new society and the more we try to stretch them to make them fit, the more we will be seen as running away from what is reality. — Ann Richards

The vast majority of funding in support of women appears to have been directed toward the training of women as participants in political, civil, and economic processes. This approach to women's empowerment is based on two assumptions. The first is that Iraqi women need training to bring them into the public sphere ... The second is that women, if equipped with appropriate skills, merely need encouragement to participate and flourish in public life. Such an approach does not consider the social and political context in which women operate and that undoubtedly affects their ability to participate. — Nadje Al-Ali

Every economic opinion is associated with a set of assumptions. — Gautam Adani

I know many people far more upright and conscientous than I am who disagree, who think nothing of it. I know that vegetarianism runs against mankind's most casual assumptions about the world and our place within it. And I know that factory farming is an economic inevitability, not likely to end anytime soon.
But I don't answer to inevitabilities, and neither do you. I don't answer to the economy. I don't answer to tradition and I don't answer to Everyone. For me, it comes down to a question of whether I am a man or just a consumer. Whether to reason or just to rationalize. Whether to heed my conscience or my every craving, to assert my free will or just my will. Whether to side with the powerful and comfortable or with the weak, afflicted, and forgotten. — Matthew Scully

As an American, I sit at home, watch the news, and make a series of assumptions about other countries. But news stories don't form the picture. They only give us license to feel some kind of political and economic superiority. And I did. On this trip, at this most joyous of weddings, I found that it's a dangerous superiority that swallows the three-dimensionality of their lives. That my guilt is useless and belittling. That the Americanness of my opinions mattered not more, but just as much as anyone else's. The outlines of a responsibility began to take hold: I have to talk about them like they're people, not news stories. — Negin Farsad

Much of the conventional analysis of India's stature in the world relies on the all-too-familiar economic assumptions. But we are famously a land of paradoxes, and one of those paradoxes is that so many speak about India as a great power of the 21st century when we are not yet able to feed, educate and employ all our people. — Shashi Tharoor