Economic Value Quotes & Sayings

As governor, I work in hand in hand with tribal leaders on everything from disaster response to economic development. Tribal governments are important partners to our state government, and I value the good relationships my administration has cultivated with them. — Mary Fallin

Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman's tool is values; the bureaucrat's tool is fear. — Ayn Rand

The economic value of ecotourism related to coral reefs alone totals some $9 billion. — Timothy Beatley

Highly complementary airline alliances and mergers can bring important benefits to passengers by connecting networks, offering new services and generating efficiencies across the aviation value chain. However, this has to take place within a competitive environment. It is vital that the economic benefits of an airline alliance or merger are passed on to passengers. — Neelie Kroes

The gross domestic product (GDP) was created in the 1930s to measure the value of the sum total of economic goods and services generated over a single year. The problem with the index is that it counts negative as well as positive economic activity. If a country invests large sums of money in armaments, builds prisons, expands police security, and has to clean up polluted environments and the like, it's included in the GDP. Simon Kuznets, an American who invented the GDP measurement tool, pointed out early on that "[t]he welfare of a nation can . . . scarcely be inferred from a measurement of national income."28 Later in life, Kuznets became even more emphatic about the drawbacks of relying on the GDP as a gauge of economic prosperity. He warned that "[d]istinctions must be kept in mind between quantity and quality of growth . . . . Goals for 'more' growth should specify more growth of what and for what."29 — Jeremy Rifkin

We select such investments on a long-term basis, weighing the same factors as would be involved in the purchase of 100% of an operating business: (1) favorable long-term economic characteristics; (2) competent and honest management; (3) purchase price attractive when measured against the yardstick of value to a private owner; and (4) an industry with which we are familiar and whose long-term business characteristics we feel competent to judge. — Warren Buffett

THE economic consequences of fluctuations in the objective exchange-value of money have such important bearings on the life of the community and of the individual that as soon as the State had abandoned the attempt to exploit for fiscal ends its authority in monetary matters, and as soon as the large-scale development of the modern economic community had enabled the State to exert a decisive influence on the kind of money chosen by the market, it was an obvious step to think of attaining certain socio-political aims by influencing these consequences in a systematic manner. Modern currency policy is something essentially new; it differs fundamentally from earlier State activity in the monetary sphere. — Ludwig Von Mises

Years ago nobody was elected on the economic ticket. It was either the education platform, or it was health or it was other issues. It is only recently that economic values have superceded every other human value. — Anita Roddick

He simply believed that the capitalist system forces everyone to put economic interests at the heart of their lives, so that they can no longer know deep, honest relationships. He called this psychological tendency Warenfetischismus (commodity fetishism) because it makes us value things that have no objective value and encourages us to see our relationships with others primarily in economic terms. This — The School Of Life

GNP is therefore in a certain sense a value-neutral quantity: a measure of activity, not of activity of any kind of value. A first argument against continued growth is just this. The GNP does not give any guarantee of meaningfulness of that which is created. Growth in GNP does not imply any growth in access to intrinsic values and progress along the course of self-realization. Obviously any kind of economic growth which is not related to intrinsic values is neutral or detrimental. The measure of GNP is somehow related to the fierceness of activity in the society but this fierceness may very well have more to do with a lack of ability of the members of the society to engage in meaningful activity than a measure of something humanity should look upon with joy. There is no clear relation to life quality. — Arne Naess

The notion of mental accounts is absent in traditional economic theory, which holds that wealth in general, and money in particular, should be fungible: That is, $100 in roulette winnings, $100 in salary, and a $100 tax refund should have the same significance and value to you, since each C-note could buy the same number of downloads from iTunes or the same number of burgers at McDonald's. Likewise, $100 kept under the mattress should invoke the same feelings or sense of wealth as $100 in a bank account or $100 in U.S. Treasury securities (ignoring the fact that money in the bank, or in T-bills, is safer than cash under the bed). If money and wealth are fungible, there should be no difference in the way we spend gambling winnings or salary. — Gary Belsky

However, in the twenty-first century the majority of both men and women might lose their military and economic value. Gone is the mass conscription of the two world wars. The most advanced armies of the twenty-first century rely far more on cutting-edge technology. Instead of limitless cannon fodder, countries now need only small numbers of highly trained soldiers, even smaller numbers of special forces super-warriors and a handful of experts who know how to produce and use sophisticated technology. Hi-tech forces 'manned' by pilotless drones and cyber-worms are replacing the mass armies of the twentieth century, and generals delegate more and more critical decisions to algorithms. — Yuval Noah Harari

Any insistence on equal pay is crucial and any redefinition of work to include caregiving work so that it also has an economic value, at least at replacement level, that's crucial. So change does come from the bottom up, and it will come from girls and women and men who understand that for us all to be human beings instead of being grouped by gender is good for them, too. — Gloria Steinem

If the objective exchange-value of money must always be linked with a pre-existing market exchange-ratio between money and other economic goods (since otherwise individuals would not be in a position to estimate the value of the money), it follows that an object cannot be used as money unless, at the moment when its use as money begins, it already possesses an objective exchange-value based on some other use. — Ludwig Von Mises

Copies have been dethroned; the economic model built on them is collapsing. In a regime of superabundant free copies, copies are no longer the basis of wealth. Now relationships, links, connections, and sharing are. Value has shifted away from a copy toward the many ways to recall, annotate, personalize, edit, authenticate, display, mark, transfer, and engage a work. Art is a conversation, not a patent office. The citation of sources belongs to the realms of journalism and scholarship, not art. Reality can't be copyrighted. — David Shields

Values in this context will relate to an activity that appears meaningful or desirable for people's lives. In a commercial context, the hope is that meaningful desired activity will be rewarded by economic value. This economic value will only be realised because other members of society recognise the activity, or the result of the activity, as something that creates value in their own lives. — Monika Hestad

A deep and enduring economic crisis like the Great Depression of the 1930s, or a natural disaster that kills tens of thousands of people, might change America's fundamental calculus about economic justice. Until then, the American public will probably continue to refrain from broadly challenging both male and female corporate leaders who compensate themselves far in excess of their value to society. That — Sebastian Junger

If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy. — Murray Rothbard

Conservatives value economic liberty and moral security, while the liberal values economic security and moral liberty. — Jonah Goldberg

The Capitalist system with its exploitation of those who are economically weak, with its robbery of the workers labour power, with its unethical way of appraising human beings by the number of things and the amount of money he possesses, instead of by their internal value and their achievements, must be replaced by a new and just economic system, in a word by German Socialism. — Gregor Strasser

By 'the objective exchange-value of money' we are accordingly to understand the possibility of obtaining a certain quantity of other economic goods in exchange for a given quantity of money; and by 'the price of money' this actual quantity of other goods. — Ludwig Von Mises

No government has the right to decide on the truth of scientific principles, nor to prescribe in any way the character of the questions investigated. Neither may a government determine the aesthetic value of artistic creations, nor limit the forms of literacy or artistic expression. Nor should it pronounce on the validity of economic, historic, religious, or philosophical doctrines. Instead it has a duty to its citizens to maintain the freedom, to let those citizens contribute to the further adventure and the development of the human race. — Richard Feynman

In an economy where more and more value is in information - is in the bits, not the atoms, where bits can be copied essentially for free - any time you have that situation, economic schemes that rely on existing models of intellectual property laws for protection are going to do less and less well. — Mitch Kapor

However, whether favorable or unfavorable, value judgments about capitalist performance are of little interest. For mankind is not free to choose. This is not only because the mass of people are not in a position to compare alternatives rationally and always accept what they are being told. There is a much deeper reason for it. Things economic and social move by their own momentum and the ensuing situations compel individuals and groups to behave in certain ways whatever they may wish to do - not indeed by destroying their freedom of choice but by shaping the choosing mentalities and by narrowing the list of possibilities from which to choose. — Joseph Alois Schumpeter

To value only what can be "sold" is to defile what is truly precious. The innocent joy of childhood, the devotedness of a wife, the self sacrificing service of a daughter
none of these have an earthly market. To reduce everything to the dirty scales of economic values is to forget that some gifts, like Mary's, are so precious that the heart that offers them will be praised as long as time endures. — Fulton J. Sheen

The key point is that, in principle, interest income is the change in price associated with the passage of time. Capital gains and losses are the changes in price related to changes in value - for bonds that means a change in the yield. We'll see in Chapter 4 when we get into bond taxation how well these economic principles hold up in practice. — Donald J. Smith

Can we actually suppose that we are wasting, polluting, and making ugly this beautiful land for the sake of patriotism and the love of God? Perhaps some of us would like to think so, but in fact this destruction is taking place because we have allowed ourselves to believe, and to live, a mated pair of economic lies: that nothing has a value that is not assigned to it by the market; and that the economic life of our communities can safely be handed over to the great corporations. (from 'Compromise, Hell!' published in the November/December 2004 issue of ORION magazine) — Wendell Berry

The very bulk of scientific publications is itself delusive. It is of very unequal value; a large proportion of it, possibly as much as three-quarters, does not deserve to be published at all, and is only published for economic considerations which have nothing to do with the real interests of science. — John Desmond Bernal

people (to quote the researchers) had achieved an astonishing amount (Kell et al., 2013). They had become high-ranking politicians, CEOs of companies, high-ups in government agencies, distinguished academics, journalists for well-known newspapers, artists and musical directors. They had been awarded patents, grant money and prizes, and had produced plays, novels, and a huge amount of economic value. They had, in other words, made incalculable contributions to society, for everyone's benefit. — Stuart Ritchie

It is no coincidence that every civilisation in human history has recognised at its foundation an element of sacredness, to which the civil authority is ultimately bound. The sacred is an awareness of moral boundaries that are not circumscribed by us, of an ultimate reason that cannot be found in us. It is the realisation that what binds us together as a society is something that lies beyond ourselves, and that human beings have an inherent value that cannot be arbitrarily limited or denied by political, economic or social power. — Giorgio Roversi

If you have a private firm and you spend a ton of money to pay employees, but what you produce is a flop, there will be no value to GDP. But government spending all gets counted as contributing to economic growth. That's why in the early days of creating these measurements, some people didn't want to count government spending. — Robert Higgs

The economic and social theories used by those who take part in the social struggle ought to be judged not by their objective value but primarily for their effectiveness in arousing emotions. The scientific refutation of them which can be made is useless, however correct it may be objectively. — Vilfredo Pareto

We met financial expectations for the quarter in a difficult economic environment. We also signed a two-year programming agreement with Home & Garden Television to launch two new cable television series, and launched the Martha Stewart Kids magazine These initiatives provide future revenue and earnings growth for the brand and build long-term value for shareholders. — Martha Stewart

Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so. — Karl Hess

The value of art, in Strict Father morality, lies either in its moral value, its entertainment value, its economic value, or its value as a success symbol - a sign of belonging to an elite. All — George Lakoff

A [spatial, temporal] work had only to be exhibited in a gallery and then written about and reproduced as a photograph in an art magazine. Then this record of the no longer extant installation, along with accretions of information after the fact, became the basis for its fame, and to a large extent its economic value. — Dan Graham

The problem with gross domestic product is the gross bit. There are no deductions involved: all economic activity is accounted as if it were of positive value. Social harm is added to, not subtracted from, social good. A train crash which generates £1bn worth of track repairs, medical bills and funeral costs is deemed by this measure as beneficial as an uninterrupted service which generates £1bn in ticket sales. — George Monbiot

In the case of money, subjective use-value and subjective exchange-value coincide. Both are derived from objective exchange-value, for money has no utility other than that arising from the possibility of obtaining other economic goods in exchange for it. — Ludwig Von Mises

Although it's difficult, if not impossible, to put a dollar value on the numerous services nature provides, leaving them out of economic calculations means they are often ignored. — David Suzuki

In essence, then, the common picture of economic thought after Smith needs to be reversed. In the conventional view, Adam Smith, the towering founder, by his theoretical genius and by the sheer weight of his knowledge of institutional facts, single-handedly created the discipline of political economy as well as the public policy of the free market, and did so out of a jumble of mercantilist fallacies and earlier absurd scholastic notions of a 'just price'. The real story is almost the opposite. Before Smith, centuries of scholastic analysis had developed an excellent value theory and monetary theory, along with corresponding free market and hard-money conclusions. Originally embedded among the scholastics in a systematic framework of property rights and contract law based on natural law theory, economic theory — Anonymous

Assess Bitcoins? All you can do is examine the trading patterns, which do not provide a real analysis of any underlying economic value. The economics of investments are not solely based on supply and demand, and that is all that goes into Bitcoin prices. — Kurt Eichenwald

If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers. — Alan Greenspan

A different world can be created or re-created-but not until we stop enshrining the economic values of invisible labor, infinite and obsessive growth, and a slow environmental suicide. — Gloria Steinem

We all have an unknown ability, which will probably remain unknown forever. And yet that ability can become our ally. Since it's impossible to measure that ability or give it an economic value, it's never taken seriously. — Paulo Coelho

In reality, the laborer belongs to capital before he has sold himself to capital. His economic bondage is both brought about and concealed by the periodic sale of himself, by his change of masters, and by the oscillation in the market price of labor power. Capitalist production, therefore, under its aspect of a continuous connected process, of a process of reproduction, produces not only commodities, not only surplus value, but it also produces and reproduces the capitalist relation; on the one side the capitalist, on the other the wage-laborer. — Karl Marx

Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment ... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree. — Franco Modigliani

Consumerism has led us to become used to an excess and daily waste of food, to which, at times, we are no longer able to give a just value, which goes well beyond mere economic parameters. We should all remember, however, that throwing food away is like stealing from the tables of the the poor, the hungry! — Pope Francis

We can easily imagine a monetary organization which, by the exclusive use of notes or clearing-house methods, allows all transfers to be made with the instrumentality of sums of money that never change their position in space.
If differences due to the geographical position of money are disregarded in this way, we get the following law for the exchange-ratio between money and other economic goods: every economic good, that is ready for consumption (in the sense in which that phrase is usually understood in commerce and technology), has a subjective use-value qua consumption good at the place where it is and qua production good at those places to which it may be brought for consumption. — Ludwig Von Mises

First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value. — Ron Paul

The Malays were outstripped economically in their own country by the immigrant races. In the words of historian Lennox Mills, "when the British came, the Malay was a poor man in a poor country; when they left he was a poor man in a rich country." British attitudes and policies, what the Malays did for a living, the strengths of the immigrants and the nature of the Malay value system all contributed to their backward economic position. — Anonymous

Recognition of the value of time, the change in our attitude to time, time management and time consciousness translate into economic growth or increase in GDP. — Sunday Adelaja

As the systems theorist Fritjof Capra points out, humanity's social, political, economic, and environmental plights are all manifestations of a cultural crisis brought about by adherence to outdated conceptual models ... Under the reductionist paradigm, humans' concept of nature devolved from that of living organism to machine, and the predominant value system came to be based on the domination and control of nature rather than respect for and harmony with the natural world. — Alex Gerber Jr.

A scientist shouldn't be asked to judge the economic and moral value of his work. All we should ask the scientist to do is find the truth and then not keep it from anyone. — Harmony Korine

Firms and employers and monitors will be able to measure economic value with a sometimes oppressive precision. — Tyler Cowen

Excessively precise economic analysis can lead to assessing everything in terms of its easily measurable melt value - the value that thieves get from stealing copper wiring from isolated houses, that vandals got from tearing down Greek temples for the lead joints holding the marble blocks together, that shortsighted timber companies get from liquidating their forests. The standard to insist on is live value. What is something worth when it's working? — Stewart Brand

Encouraging self-sufficiency must be a bedrock for our immigration policy, with the goal of reducing poverty, strengthening the family, and promoting our economic values. But Administration officials and their policies are working actively against this goal. — Jeff Sessions

To build a twenty-first-century economy, America must revive a nineteenth-century habit
investing in the common, national economic resources that enable every person and every firm to create wealth and value. — William J. Clinton

Including the value of natural resources and our social capital in national accounting is a vital step to achieve economic growth that is equitable and sustainable. — Achim Steiner

I think in American culture, we put value on economic success but tell people you don't have to be economically successful to be happy. — John Hodgman

The reason I invest in technology is it's the only work humans do that actually is creative. All other types of economic activity are just moving money from one pool to another, whereas technology is what allows us to create value out of thin air. — D.A. Wallach

Most of us still believe in the intrinsic value of nature, but I think the first century of the environmental/conservation movement demonstrated pretty clearly that this value cannot compel a civilization-wide shift toward sustainable behavior and enterprise when stacked up against the urgent economic and social needs of 7 billion people, most of whom are struggling to get out of poverty. — Edward Norton

I wish I could write a book that will be read for as long as our civilization lasts ... I would value it much more highly than any business success if I could contribute to an understanding of the world in which we live or, better yet, if I could help to preserve the economic and political system that has allowed me to flourish as a participant. — George Soros

While it is true that we must seek value added industries like food processing plants and call center operations, we must do what is necessary to expand and develop our economic profile. — Alan Autry

The great flaw of all these administrative techniques is that, in the name of equality and democracy, they function as a vast "antipolitics machine", sweeping vast realms of legitimate public debate out of the public sphere and into the arms of technical, administrative committees. They stand in the way of potentially bracing and instructive debates about social policy, the meaning of intelligence, the selection of elites, the value of equity and diversity, and the purpose of economic growth and development. They are, in short, the means by which technical and administrative elites attempt to convince a skeptical public--while excluding the public from debate--that they play no favorites, take no obscure discretionary action, and have no biases but are merely taking transparent technical calculations. — James C. Scott

Several principles are illustrated by this experience. The value of a program intended to reduce injuries is not necessarily a function of the good intentions of the program's proponents. Skill or behavior change programs can have unintended harmful effects and those effects are often found only by well-designed research. This is particularly true of programs that have the potential to increase exposure to hazards. Once a program becomes institutionalized, it is difficult to remove it no matter how ineffective or harmful its consequences. A major barrier to the scientific evaluation of programs is the reluctance of those who develop, advocate or profit from programs to have them evaluated objectively. In some cases, their investment in the programs is only psychological, but in others it is economic. — Leon Robertson

The central element in the economic problem of money is the objective exchange-value of money, popularly called its purchasing power. — Ludwig Von Mises

We don't have the leadership or the understanding of the value of this, and when your political systems and your economic systems start to fail, it's only a cultural understanding that allows you to reconstruct them and to get back to who you are. For some reason, it hasn't dawned on us yet. — Wynton Marsalis

Similarly, payments for a dead soldier amount to only $500,000, which is far less than standard estimates of the lifetime economic cost of a death. This statistical value of a life in the US amounts to circa $6.5 million. — Joseph Stiglitz

We need more than new policies. We need a new worldview, and a new bottom line. We need to replace economic values as our ordering principle, with humanitarian values as our ordering principle. — Marianne Williamson

In symbolic exchange, of which the gift is our most proximate illustration, the object is not an object: it is inseparable from the concrete relation in which it is exchanged, the transferential pact that it seals between two persons: it is thus not independent as such. It has, properly speaking, neither use value nor (economic) exchange value. The object given has symbolic exchange value. — Jean Baudrillard

Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process. — L. Neil Smith

What it means to be human is to bring up your children in safety, educate them, keep them healthy, teach them how to care for themselves and others, allow them to develop in their own way among adults who are sane and responsibile, who know the value of the world and not its economic potential. It means art, it means time, it means all the invisibles never counted by the GDP and the census figures. It means knowing that life has an inside as well as an outside. And I think it means love. — Jeanette Winterson

Respect for women is essential," Jack tells him. "Women's rights and economic development within a country are highly correlated. Treating women properly is not just a moral position - which it is - or an American value - which it is. It's a strategic imperative, and you will always, always lead by example in this regard. — Gregg Hurwitz

For the etatist, money is a creature of the State, and the esteem in which money is held is the economic expression of the respect or prestige enjoyed by the State. The more powerful and the richer the State, the better its money. Thus, during the War, it was asserted that 'the monetary standard of the victors' would ultimately be the best money. Yet victory and defeat on the battlefield can exercise only an indirect influence on the value of money. — Ludwig Von Mises

When I spoke to a colleague about Joe's report, her face registered surprise. She said, "Is it possible for a death in a nursing home to be premature?"
Joe told me, "If it were happening in any other kind of institution, to any other part of the population - workers, say, or children - there'd be an outcry, media, inquiries, swift intervention. The truth is we do not value the last months or years of a person's life. The remaining life of someone old. Particularly if they are in residential care."
If we are all just economic units who lift or lean, then very little is "lost" when a nursing home resident or anyone getting on in their years dies prematurely. In fact money might be saved - one less nursing-home bed to fund, and the kids can finally get their hands on the house. — Karen Hitchcock

Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important and the less important. It is an ordering according to rank, an act of grading (Cuhel), and not an act of measuring. It was a mistake to search for a measure of the value of goods. In the last analysis, economic calculation does not rest on the measurement of values, but on their arrangement in an order of rank. — Ludwig Von Mises

Business training in early life should not be regarded solely as insurance against destitution in the case of an emergency. For from business experience women can gain, too, knowledge of the world and of human beings, which should be of immeasurable value to their marriage careers. Self-discipline, co-operation, adaptability, efficiency, economic management,
if she learns these in her business life she is liable for many less heartbreaks and disappointments in her married life. — Hortense Odlum

Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence of vast multiplayer games on the Internet. What Castronova has realized is that these games, where players contribute considerable labor in exchange for things they value, are not merely like real economies, they are real economies, displaying inflation, fraud, Chinese sweatshops, and some surprising in-game innovations. — Tim Harford

The paramount doctrine of the economic and technological euphoria of recent decades has been that everything depends on innovation. It was understood as desirable, and even necessary, that we should go on and on from one technological innovation to the next, which would cause the economy to "grow" and make everything better and better. This of course implied at every point a hatred of the past, of all things inherited and free. All things superceded in our progress of innovations, whatever their value might have been, were discounted as of no value at all. — Wendell Berry

Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not. — Thomas Sowell

What is missing in our economic system is a central value that can encompass everything that can be transacted and used to assign the proper relative value to everything. — Ilchi Lee

It's a topsy-turvy world in which a country can import the same amount of ice-cream, toilet paper and other goods to trading partners as it exports, and where top bankers are paid millions for destroying economic value, while hospital cleaners create value many times their pay — Andrew Simms

It's hard to put a dollar value on that advice. It's the kind of thing that continues to pay dividends. But make no mistake: The advice had tangible economic value. — J.D. Vance

We took special pride in the fact that climbing rocks and icefalls had no economic value in society ... We were like a wild species living in the edges of an ecosystem - adaptable, resilient and tough. — Yvon Chouinard

Economic relationships do not operate on value-neutral laws, but are rather carriers of specific convictions about the nature of the human person - the person's origins and
destiny. There is an implicit anthropology and an implicit theology in every economics. — William T. Cavanaugh

It was only when children's actual economic value declined, because they were no longer necessary additions to the household labor force, that they became the priceless little treasures we know them as today. Once they started costing more to raise than they contributed to the household economy, there had to be some justification for having them, which is when the story that having children was a big emotionally fulfilling thing first started taking hold. — Laura Kipnis

Once America's CEOs get back to the business of growing their companies rather than growing their share prices, shareholder value will take care of itself, and all Americans will share in the higher wages and other benefits of a renewed era of economic growth. — Nick Hanauer

Economic theory dictates that the value of a company is basically the present value of its future profits. To estimate Facebook's value through its future profits, we need to have a view on its user growth and how this will evolve in the next 10 to 50 years. — Didier Sornette

Unfortunately, by forcing more and more value off the books as the world economy turns into an information economy, the ideal of "free" information could erode economic interdependencies between nations. — Jaron Lanier

It looks like the age of the mass is behind us and the age of the individual is upon us. The chasm that now exists between new people and old organizations is destroying economic value and inhibiting the emergence of a new chapter of capitalism aligned with the needs of this new society. The new purpose of commerce is to provide the tools, platforms, and relationships, digital or human, that enable individuals to live the lives they choose. — Shoshana Zuboff

The laws of thermodynamics tell us something quite different. Economic activity is merely borrowing low-entropy energy inputs from the environment and transforming them into temporary products and services of value. In the transformation process, often more energy is expended and lost to the environment than is embedded in the particular good or service being produced. — Jeremy Rifkin

Investing scarce resources in large-scale public projects and capital goods does increase output, but it does not contribute to economic progress if these investments do not produce things people value. — Christopher J. Coyne

Curiosity and irreverence go together. Curiosity cannot exist without the other. Curiosity asks, "Is this true?" "Just because this has always been the way, is the best or right way of life, the best or right religion, political or economic value, morality?" To the questioner, nothing is sacred. He detests dogma, defies any finite definition of morality, rebels against any repression of a free, open search of ideas no matter where they may lead. He is challenging, insulting, agitating, discrediting. He stirs unrest. — Saul D. Alinsky

A primary purpose of school - and this is true for our culture's science and religion as well - is to lead us away from our own experience. The process of schooling does not give birth to human beings - as education should but never will so long as it springs from the collective consciousness of our culture - but instead it teaches us to value abstract rewards at the expense of our autonomy, curiosity, interior lives, and time. This lesson is crucial to individual economic success ("I love art," my students would say, "but I've got to make a living"), to the perpetuation of our economic system (What if all those who hated their jobs quit?), and it is crucial, as should be clear now, to the rationale that causes all mass atrocities. — Derrick Jensen

The United States presents a value system to the world that is based on democracy, based on economic freedom, based on individual rights for men and women, .. I think that is what makes us such a draw for nations around the world. People come to the United States to be educated, to become Americans. We are a country of countries and we touch every country, and every country in world touches us. — Colin Powell

Childhood is not merely basic training for utilitarian adulthood. It should have some claims upon our mercy, not for its future value to the economic interests of competitive societies but for its present value as a perishable piece of life itself. — Jonathan Kozol

unless a company has some kind of economic moat, predicting how much shareholder value it will create in the future is pretty much a crapshoot, regardless of what the historical track record looks like. Looking at the numbers is a start, but it's only a start. Thinking carefully about the strength of the company's competitive advantage, and how it will (or won't) be able to keep the competition at bay, is a critical next step. — Pat Dorsey

Democracy is the absolute value that makes for human dignity, as well as the only road to sustained economic development and social justice. — Kim Dae-jung

It is inconceivable to me that an ethical relation to land can exist without love, respect, and admiration for land, and a high regard for its value. By value, I of course mean something far broader than mere economic value; I mean value in the philosophical sense. — Aldo Leopold

On a given day, you can have market fluctuations where prices fluctuate far more than the underlying economic value of the unit. — N. Murray Edwards