Quotes & Sayings About Economic Problems

Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems. — Milton Friedman

The writer should have a comprehensive outlook. He should aim at a holistic understanding of the prevailing social, political and economic conditions.

He should evaluate all factors in a balanced way. To take a selective view will be erroneous. A realistic approach becomes necessary. This requires healthy literary criticism and exchange of views.

A writer should necessarily venture into his enterprise by touching on a single issue. But then he should relate it to other socially relevant issues. This is what we call the socio-spiritual approach.

You may begin your work dwelling upon the problems of an individual, but then as a writer you should be able to view it as part of the larger social reality. — Jayakanthan

Nations will weaken but will still exist in 2100. They will still be needed to pass laws and fix local problems. However, their power and influence will be vastly decreased as the engines of economic growth become regional, then global. — Anonymous

You may ask what kind of a republic I dream of. Let me reply: I dream of a republic independent, free, and democratic, of a republic economically prosperous and yet socially just; in short, of a humane republic which serves the individual and which therefore holds the hope that the individual will serve it in turn. Of a republic of well-rounded people, because without such it is impossible to solve any of our problems, human, economic, ecological, social, or political. — Vaclav Havel

There is in my opinion a great similarity between the problems provided by the mysterious behavior of the atom and those provided by the present economic paradoxes confronting the world. — Paul Dirac

A very high fraction of America's economic problems come not from our difficulties with education or globalization or competition with the Chinese or whatever. But they come from the fact that a small number of wealthy and powerful people who run dangerous and/or inefficient companies are able, through the use of money in the political process, to prevent the government from regulating them properly. — Charles Ferguson

Business as usual is dead. Green growth is the answer to both our climate and economic problems — Anders Fogh Rasmussen

Before the math and the momentum overwhelm us all, we are going to solve this nation's economic problems. And I'm going to level with you: We don't have that much time. But if we are serious, and smart, and we lead, we can do this. — Paul Ryan

With the predominance of economic problems and economic thinking, which is overshadowing all other forms of human thinking, we remain completely ignorant of, and indifferent to, a more humanized knowledge and a more humanized philosophy, a philosophy that deals with the problems of the individual life. — Lin Yutang

I don't think we should stop emphasizing race because I think, you know, race is still very, very important, and we have to recognize that and continue to introduce programs to address racial inequities. But we have to widen our vision and also address the growing problems of economic class. — William Julius Wilson

I'm a political scientist and I study these things, and I know that economic problems, with the rising unemployment and inflation and low productivity and so forth, were a factor in that election, in that defeat of President Carter. — Jeane Kirkpatrick

Solving the population problem is not going to solve the problems of racism ... of sexism ... of religious intolerance ... of war ... of gross economic inequality But if you don't solve the population problem, you're not going to solve any of those problems. Whatever problem you're interested in, you're not going to solve it unless you also solve the population problem. Whatever your cause, it's a lost cause without population control. — Paul R. Ehrlich

If you give me any problem in America I can trace it down to domestic violence. It is the cradle of most of the problems, economic, psychological, educational. — Salma Hayek

If all properly economic problems were solved once for all ... the social struggle and strife would ... [not necessarily] be reduced in amount or intensity ... in the absence of some moral revolution which could by no means be assumed to follow in consequence of this change itself. — Frank Knight

The world is a complex, interconnected, finite, ecological-social-psychological-economic system . We treat it as if it were not, as if it were divisible, separable, simple, and infinite. Our persistent, intractable global problems arise directly from this mismatch. — Donella Meadows

I do not think that we have psychological and ethical and economic problems. We have human problems, with psychological, ethical and economical aspects, and as many others as you like. — Mary Parker Follett

Confronted with economic problems, politicians always blame the private sector first ... [even] blaming the problem on the solution. — Richard L. Gordon

The problems that we are facing are multiplying on the planet - economic, environmental, social, political upheaval, the list goes on. It's a time of change and transition and, as I see it, we are entering a new state of consciousness. It's a transition between one state of consciousness and another. It's an evolutionary leap that is happening. — Eckhart Tolle

Economic problems have no sharp edges. They shade off imperceptibly into politics, sociology, and ethics. Indeed, it is hardly an exaggeration to say that the ultimate answer to every economic problem lies in some other field. — Kenneth E. Boulding

The problems in the world today are not political problems, they are not economic problems, and they are not military problems. The problems in the world today are spiritual problems. They have to do with what people believe. They have to do with our most fervently held thoughts and ideas about Life, about God, and most of all, about ourselves, and our very reason for living. — Neale Donald Walsch

[E]conomic liberty and creative entrepreneurship are the basis of any solution to today's social and economic difficulties. Blaming business, setting wages, and attempting to run the economy by decree from Washington only exacerbates the problems. Consider the minimum wage. It seems so simple: Tell business to pay its workers more. But a hike in the minimum wage is essentially a tax, punishing precisely those companies that hire workers with the least skills. — Doug Bandow

Nevertheless, it is necessary to remember that a planned economy is not yet socialism. A planned economy as such may be accompanied by the complete enslavement of the individual. The achievement of socialism requires the solution of some extremely difficult socio-political problems: how is it possible, in view of the far-reaching centralisation of political and economic power, to prevent bureaucracy from becoming all-powerful and overweening? How can the rights of the individual be protected and therewith a democratic counterweight to the power of bureaucracy be assured? — Albert Einstein

Marxists are more right than wrong when they argue that the problems scientists take up,. the way they go about solving them, and even the solutions they arc inclined to accept, arc conditioned by the intellectual, social, and economic environments in which they live and work. — Theodosius Dobzhansky

Haven't we put off problems without clarifying Japan's will to protect the lives and assets of its people and territory with its own hands, and merely accepted the benefits of economic prosperity? — Shinzo Abe

There is a growing frustration that the EU is seen as something that is done to people rather than acting on their behalf. And this is being intensified by the very solutions required to resolve the economic problems. — David Cameron

One of the big problems in America's economic polarization and shrinkage is that pensions can't be paid. So there are going to be defaults on pensions here, just like Europeans are insisting in rolling back pensions. You can look at Greece and Argentina as the future of America. — Michael Hudson

Most people bestow tremendous power onto those human beings we consider evil, who cause of threaten harm to others, even though we know they are acting from their own pain or fear. Would ignoring evil disarm it? Don't dismiss the idea. As we have declared War on Terror, a War on Drugs, a War on Poverty, a War on Crime, the problems only seem to have gotten bigger. We cling tthe notion of evil as detrimental, unpredictable force in our world and refuse any suggestion that it is not real. We argue for our fear about terrorism or climate change or economic instability, heatedly trying to prove that things are only getting worse. And in doing so, we reinforce the principle that what we focus on grows. We create our experience by where we place our attention. What we resist, persists. — Ellen Debenport

It was better walk with dignity than ride in shame. A lot of people in Cincinnati are saying, "Rather than have the continual problems of police brutality and economic disparity, I'm willing to make some sacrifices." And I think that they ought to be respected for doing that. — Al Sharpton

The Panic of 1819 exerted a profound effect on American economic thought. As the first great financial depression, similar to a modern expansion-depression pattern, the panic heightened interest in economic problems, and particularly those problems related to the causes and cures of depressed conditions. — Murray Rothbard

The search for scapegoats is essentially an abnegation of responsibility: it indicates an inability to assess honestly and intelligently the true nature of the problems which lie at the root of social and economic difficulties and a lack of resolve in grappling with them. — Aung San Suu Kyi

Let us be frank: provoking military-political instability and other regional conflicts is also a convenient way of deflecting people's attention from mounting social and economic problems. Regrettably, further attempts of this kind cannot be ruled out. — Vladimir Putin

The importance to the nation of a generously adequate food supply for the coming year cannot be overemphasized, in view of the economic problems which may arise as a result of the entrance of the United States into the war. — David F. Houston

Human creativity is unlimited. It is the capacity of humans to make things happen which didn't happen before. Creativity provides the key to solving our social and economic problems. — Muhammad Yunus

You can achieve great economic gains by solving social problems. — Paul Tudor Jones

Obama and the Democrats' preposterous argument is that we are just one more big tax increase away from solving our economic problems. The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade. — Bob Beauprez

We must recognize that we can't solve our problems now until there is a radical redistribution of economic and political power ... a radical restructuring of the architecture of American society. — Martin Luther King Jr.

N]ow, even more than in the past, creativity is a key to economic success. We no longer need people to follow directions in robot-like ways (we have robots for that), or to perform routine calculations (we have computers for that), or to answer already-answered questions (we have search engines for that). But we do need people who can ask and seek answers to new questions, solve new problems and anticipate obstacles before they arise. These all require the ability to think creatively. The creative mind is a playful mind." - PETER GRAY, PH.D., Research Professor, Boston College — Robin Landa

Unsolvable problems do not exist. Any crisis is a combination of specific tasks to be worked on. The government has the experience and reserves to overcome the economic downturn — Dmitry Medvedev

That's an economic development program in the metropolitan area. If they don't see that, and you don't get these things done, then you're competing with Texas and California and Atlanta; then you really have problems. — Richard M. Daley

I could try to incorporate or reflect in my models what it is that an employee, manager, or entrepreneur does: to recognize that most are engaged in their work, form expectations and evolve beliefs, solve problems, and have ideas. Trying to put these people into economic models became my project. — Edmund Phelps

If the philosophy of Christianity were lived, wars would cease, unhappiness would cease, economic problems would be solved, poverty would be wiped from the face of the earth, and man's inhumanity to man would be transmuted into a spirit of mutual helpfulness. — Ernest Holmes

The economic answer to the world's problems is John Adams, not [Karl] Marx. — John Ringo

The investigation of causal relations between economic phenomena presents many problems of peculiar difficulty, and offers many opportunities for fallacious conclusions. Since the statistician can seldom or never make experiments for himself, he has to accept the data of daily experience, and discuss as best he can the relations of a whole group of changes; he cannot, like the physicist, narrow down the issue to the effect of one variation at a time. The problems of statistics are in this sense far more complex than the problems of physics. — Udny Yule

Here at home, ... while the most likely scenario remains solid growth and low inflation
subject to the usual ups and downs
certain sectors have been impacted by the crisis, some because of increased imports and others because of decreased exports. Moreover, problems in the global economy do constitute a risk to all our overall economic well-being. — Robert Rubin

Our domestic problems are for the most part economic. We have our enormous debt to pay, and we are paying it. We have the high cost of government to diminish, and we are diminishing it. We have a heavy burden of taxation to reduce, and we are reducing it. But while remarkable progress has been made in these directions, the work is yet far from accomplished. — Calvin Coolidge

The economic and social problems would tend to become, like the military situation, more and more difficult as time went on and we became more and more isolated. — Eamon De Valera

The Sermon on the Mount does not provide humanity with a complete guide to personal, social and economic problems. It sets forth spiritual attitudes, moral principles of universal validity, such as " Love your enemies," "Whatsoever ye would that men should do to you, do ye even so to them," and it leaves to Christians the task-the admittedly difficult task-of applying them in any given situation. — Robert McCracken

Our economic problems worry me much less than our political solutions, which have a far worse track record. — Thomas Sowell

Compassion is something we can count on. Even if we face economic problems and our fortunes decline, we can still share our compassion with our fellow human beings. National and global economies are subject to many ups and downs, but through them all we can retain a compassionate attitude that will carry us through. — Dalai Lama

The students who feel alienated by current systems of standardization and testing may walk out the door, and it's left to them and others to pay the price in unemployment benefits and other social programs. These problems are not accidental by-products of standardized education; they are a structural feature of these systems. They were designed to process people according to particular conceptions of talent and economic need and were bound to produce winners and losers in just those terms. And they do. Many of these "externalities" could be avoided if education genuinely gave all students the same opportunities to explore their real capabilities and create their best lives. — Ken Robinson

The most important step we can take toward Mars is to make significant progress on Earth. Even modest improvements in the social, economic, and political problems that our global civilization now faces could release enormous resources, both material and human, for other goals. — Carl Sagan

Every period of human development has had its own particular type of human conflict
its own variety of problem that, apparently, could be settled only by force. And each time, frustratingly enough, force never really settled the problem. Instead, it persisted through a series of conflicts, then vanished of itself
what's the expression
ah, yes, 'not with a bang, but a whimper,' as the economic and social environment changed. And then, new problems, and a new series of wars. — Isaac Asimov

I doubt if there is any problem in the world today - social, political or economic - that would not find a happy solution if approached in the spirit of the sermon on the mount. — Harry Truman

As we strive to understand issues in their social, political and economic contexts, we are better able to move away from individualizing problems and making them about someone's character flaw. We also become less likely to pathologize women and more likely to understand how and why things work. — Brene Brown

Republicans have been running on tax-cut proposals since the era of Harding and Coolidge. Tax-rate reductions and simplifications are urgently needed. But again, there is no mention of the key problems of a global economy in decline - of the acceptance by economic elites of inevitable and irremediable stagnation. We have not faced the fact that the Federal Reserve's capacity to command growth is a god that has failed. — George Gilder

The Tea Party elites believe government is evil. Everything about government is bad, and they blame all problems, even non-economic problems, problems that were caused by the private sector, on government. — Chuck Schumer

The best way for business to move out of the Hall of Shame is to demonstrate a commitment to social causes. This also makes business sense. A focus on solving social problems has motivational benefits in lean economic times. — Rosabeth Moss Kanter

We live in a culture that's been hijacked by the management consultant ethos. We want everything boiled down to a Power Point slide. We want metrics and 'show me the numbers.' That runs counter to the immensely complex nature of so many social, economic and political problems. You cannot devise an algorithm to fix them. — Carl Honore

In a world torn by every kind of fundamentalism - religious, ethnic, nationalist and tribal - we must grant first place to economic fundamentalism, with its religious conviction that the market, left to its own devices, is capable of resolving all our problems. This faith has its own ayatollahs. Its church is neo-liberalism; its creed is profit; its prayers are for monopolies. — Carlos Fuentes

There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field: but the present inflation and employment problems are a very serious one. — Friedrich August Von Hayek

I attempted to see famines as broad "economic" problems (concentrating on how people can buy food, or otherwise get entitled to it), rather than in terms of the grossly undifferentiated picture of aggregate food supply for the economy as a whole. — Amartya Sen

There's no question that the black middle class has benefited greatly by the civil rights movement. But there is a large black underclass that does not have access to jobs. If there's no clear road to income and status except crime, we should expect social problems. You can't solve this problem without addressing the economic issues, and the same is true with gender. — Betty Friedan

This civilization was able to spring into existence because the peoples were dominated by ideas which were the application of the teachings of economics to the problems of economic policy. It will and must perish if the nations continue to pursue the course which they entered upon under the spell of doctrines rejecting economic thinking. — Ludwig Von Mises

Today nothing is more modern than the onslaught against the political. American financiers, industrial technicians, Marxist socialists, and anarchic-syndicalist revolutionaries unite in demanding that the biased rule of politics over unbiased economic management be done away with. There must no longer be political problems, only organizational-technical and economic-sociological tasks. The kind of economic-technical thinking that prevails today is no longer capable of perceiving a political idea. The modern state seems to have actually become what Max Weber envisioned: a huge industrial plant. — Carl Schmitt

Social ecology is based on the conviction that nearly all of our present ecological problems originate in deep-seated social problems. It follows, from this view, that these ecological problems cannot be understood, let alone solved, without a careful understanding of our existing society and the irrationalities that dominate it. To make this point more concrete: economic, ethnic, cultural, and gender conflicts, among many others, lie at the core of the most serious ecological dislocations we face today - apart, to be sure, from those that are produced by natural catastrophes. — Murray Bookchin

The economic distress of America's inner cities may be the most pressing issue facing the nation. The lack of businesses and jobs in disadvantaged urban areas fuels not only a crushing cycle of poverty but also crippling social problems such as drug abuse and crime ... A sustainable economic base can be created in the inner city, but only as it has been created elsewhere: through private, for-profit initiatives and investment based on economic self-interest and genuine competitive advantage. — Michael Porter

All countries have problems with China's economic power. — Luiz Inacio Lula Da Silva

They now endure incessant cultural appropriation by a majority society in the United States that celebrates an idealized American Indian but ignores reservation life - the economic blight and marginalization of what are, in effect, national internment zones, exacerbated by federal inattention and mismanagement. In Indian country there are also thriving cultural traditions and creative genius, but these often receive little more recognition than the problems. - — T. J. Stiles

The second and third volumes of Capital are much less interesting than the first. The second volume is a technical discussion of how capital circulates. It also discusses the origin of economic crises. The third volume attempts to patch up some problems in the first volume, particularly the objection that prices do not reflect the amount of labour in a product, as one would expect them to do on Marx's account. — Anonymous

The world has never been as divided as it is now, what with religious wars, genocides, a lack of respect for the planet, economic crisis, depression, poverty, with everyone wanting instant solutions to at least some of the world's problems or their own. And things only look bleaker as we head into future. — Paulo Coelho

In the ensuing chapters, we will look in some detail at particular manifestations of the modern scientific ideology and the false paths down which it has led us. We will consider how biological determinism has been used to explain and justify inequalities within and between societies and to claim that those inequalities can never be changed. We will see how a theory of human nature has been developed using Darwin's theory of evolution by natural selection to claim that social organization is also unchangeable because it is natural. We will see how problems of health and disease have been located within the individual so that the individual becomes a problem for society to cope with rather than society becoming a problem for the individual. And we will see how simple economic relationships masquerading as facts of nature can drive the entire direction of biological research and technology. — Richard C. Lewontin

Millions of Americans would still despair in the eight long years of the Depression that lay ahead and many of their individual dreams would be dashed on the rocks of economic hardship. But collectively, the country was in a new place, with a new confidence that the federal government would actively try to solve problems rather than fiddle or cater to the rich. Hope was no longer for Pollyannas; the cynics about the American system were in retreat. — Jonathan Alter

Components are how people solve problems above a modest scale; it's one thing that separates us from chimpanzees. We invented a way of solving problems by simply making it the other guy's problem. It's called specialization of labor, and it's as simple as that. That's how the humans differ from chimpanzees: they never invented that. They know how to make tools, they have a language, so for most of the obvious things there are no differences between chimps and humans. We discovered how to solve problems by making it the other guy's problem - through an economic system. — Brad Cox

I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems. — John Maynard Keynes

Global poverty is a complex web of interlinked problems. There is no one 'silver bullet' that will solve global inequality. Multiple contributing factors must be tackled in parallel. Yes, education alone is unlikely to lead to employment without economic reform to address the demand side in much of the developing world. — Adam Braun

Democracy, taken in its narrower, purely political, sense, suffers from the fact that those in economic and political power possess the means for molding public opinion to serve their own class interests. The democratic form of government in itself does not automatically solve problems; it offers, however, a useful framework for their solution. Everything depends ultimately on the political and moral qualities of the citizenry. — Albert Einstein

My research interests since then have shifted strongly towards the economic and regulatory problems of the financial services industry, and especially of the securities and options exchanges. — Merton Miller

It is not advantageous for Russia in its present state to fight against Chechnya. The army is a mess. It must be made combat ready. That will take time. Russia has a lot of economic, social and political problems much more important than Chechnya. — Aslan Maskhadov

Racism is not nearly as important as poverty. That's the same around the world. What look like ethnic problems are really economic issues. If you look closely at all these conflicts around the world, they come down to poverty and economics and resources. The more poverty, the worse the war. — Marjane Satrapi

Some Western politicians are already threatening us with not just sanctions, but also the prospect of increasingly serious problems on the domestic front. I would like to know what it is they have in mind exactly: action by a fifth column, this disparate bunch of 'national traitors', or are they hoping to put us in a worsening social and economic situation so as to provoke public discontent? We consider such statements irresponsible and clearly aggressive in tone, and we will respond to them accordingly. — Vladimir Putin

We are one human race, and there must be understanding among all men. For those who look at the problems of today, my big hope is that they understand. That they understand that the population is quite big enough, that they must be informed that they must have economic development, that they must have social development, and must be integrated into all parts of the world. — Sebastiao Salgado

Inner peace - you need to know who you are, what you want out of life. You have to do your own thinking, and for that you better know who you are, and not just know but be secure in it, comfortable with yourself. Plus you gotta have discipline. Stamina. And luck sure helps. A little luck counts for a lot, including our great good luck of being born into the greatest economic system ever devised. It's not a perfect system by any means, but overall it's responsible for tremendous human progress. In just the past century alone, we've seen something like a seven-to-one improvement in the standard of living. I'm not saying we don't have problems, we've got a helluva lot of problems, but that's where the genius of the free market comes in, all the drive and talent and energy that goes into solving those problems. — Ben Fountain

Surely we have had enough of confusing maleness with "usefulness" and other human virtues. If men had a more modest view of what their masculinity ought to entail, perhaps they could move on from debilitating feelings of loss to tackling their real economic and political problems. — Ellen Willis

If socialism means that we live well, that there is equality and justice, and that we have no social and economic problems, then I welcome it. — Evo Morales

Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be done; for reasons of inertia, pecuniary interest, passion or ignorance, we do not wish to say so. — John Kenneth Galbraith

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

Reality is much more complex than any judgment of right and wrong encourages you to believe. When you really understand the ethical, spiritual, social, economic, and psychological forces that shape individuals, you will see that people's choices are not based on a desire to hurt. Instead, they are in accord with what they know and what world views are available to them. Most are doing the best they can, given what information they've received and what problems they are facing. — Michael Lerner

The real problems of our planet are not economic or technical, they are philosophical. The philosophy of unbridled materialism is being challenged by events. — E.F. Schumacher

Commerce is considered by classical economists to be a positive-sum
game. The act of selling and buying always benefits both the seller
and the buyer. It is unfortunate that popular culture has propagated
the Marxist myth that one person gains in business at the expense of
another, that capitalism is evil because it is a zero-sum game - somebody
wins while someone else loses. When liberals make the argument
that capitalism is the cause of all of our problems, they are either
speaking out of abject ignorance or being totally disingenuous to
protect their interests. We have not had true free-market capitalism
in this country on any wide scale. Where we have had economic
successes in this nation's history, it has been those times when people
have done something outside of the government's involvement. Every
time the federal government has been involved, it has created chaos,
waste, and corruption. — Ziad K. Abdelnour

Beginning in the mid to late 1980s, poverty, underdevelopment, economic dependence, ethnic and class conflict, lack of political practices prioritizing equal citizenship rights, and fragile political and economic institutions all came to be structural handicaps from the legacy of European colonialism. Colonialism was not the source of all of Africa's problems, but it was a significant contributor. What — Edmond J. Keller

We have heard all of our lives how, after the Civil War was over, the South went back to straighten itself out and make a living again. It was for many years a voiceless part of the government. The balance of power moved away from it
to the north and the east. The problems of the north and the east became the big problem of the country and nobody paid much attention to the economic unbalance the South had left as its only choice. — Lyndon B. Johnson

That's not an easy message to deliver whether it's in war and peace or in the economic arena, people don't want to be told that all their problems have been solved and everything good so it's a little bit tricky. — Vin Weber

The common people don't believe this kind of religion [of islamic fundamentalists] because first and foremost they want to solve their basic problems, including human rights and economic. — Abdul Sattar Edhi

First, liberals discover social and economic problems. Not a difficult task: the human race has always had such problems and will continue to, short of the Garden of Eden. Liberals, however, usually need scores of millions in foundation grants and taxpayer-financed commissions to come up with the startling revelations of disease, poverty, ignorance, homelessness, et al. Having identified "problems" to the accompaniment of much coordinated fanfare, the liberals proceed to invoke "solutions," to be supplied, of course, by the federal government, which we all know and love as the Great Problem-Solving Machine. — Anonymous

It is clear to me that Democrats want to attack me rather than debate Sen. McCain on important economic issues facing the country. That kind of distraction hurts not only Sen. McCain's ability to present concrete programs to deal with the country's problems; it hurts the country. — Phil Gramm

When you get your self realization or your second birth you become entitled to an awareness by which you can find out the roots of everything. You can find out the roots why people get sick, you can find out why there are incurable diseases, you can find out why there are psychological problems, you can find out why there are moral crisises, you can find out why there are political problems, why there are economic problems. — Nirmala Srivastava

Social economic problems do not exist everywhere that an economic event plays a role as cause or effect - since problems arise only where the significance of those factors is problematical and can be precisely determined only through the application of methods of social-economics. — Max Weber

But this book is about something else: what goes on in the lives of real people when the industrial economy goes south. It's about reacting to bad circumstances in the worst way possible. It's about a culture that increasingly encourages social decay instead of counteracting it. The problems that I saw at the tile warehouse run far deeper than macroeconomic trends and policy. too many young men immune to hard work. Good jobs impossible to fill for any length of time. And a young man [one of Vance's co-workers] with every reason to work - a wife-to-be to support and a baby on the way - carelessly tossing aside a good job with excellent health insurance. More troublingly, when it was all over, he thought something had been done to him. There is a lack of agency here - a feeling that you have little control over your life and a willingness to blame everyone but yourself. This is distinct from the larger economic landscape of modern America. — J.D. Vance

I have been observing China for more than 30 years and am impressed how logically and wisely it tackles its problems. Obviously the international system could be unbalanced by China's rising power - if we don't prepare ourselves for the new competitive situation, that is. But it is an economic challenge, not aggression on the level of Hitler. — Henry A. Kissinger

The most widely discussed formulation of [the One World model] was the "end of history" thesis advanced by Francis Fukuyama. "We may be witnessing, Fukuyama argued, " ... :;the end of history as such: that is, the end point of mankind's ideological evolution and the universalization of Western liberal democracy as the final form of human government.":; ... The future will be devoted not to great exhilarating struggles over ideas but rather to resolving mundane economic and technical problems. And, he concluded rather sadly, it will all be rather boring. (P. 31 — Samuel P. Huntington