Externalities Quotes & Sayings

It is one thing to see the forward path and another to be able to take it. But it is better to have an ambitious plan than none at all. — Winston S. Churchill

I think all countries need to aim to cut the CO2 emissions per person, taking account of externalities like imports and exports. — Martin Rees

Markets are lethal, if only because of ignoring externalities, the impacts of their transactions on the environment. — Noam Chomsky

If you're in a system where you must make profit in order to survive. You are compelled to ignore negative externalities, effects on others. — Noam Chomsky

Those theorists who complain repeatedly about the "externalities" that have messed up their model by fomenting this or that untoward event, before returning to the purity of the model, suffer from a debilitating disease: they act as if the models would work if only the world did not contain so many "outside" factors that are, in fact, imbricated and entangled in a thousand ways with the practices they study. — William E. Connolly

I'm a liberal - I believe in subsidies for public goods and in regulations to curb harmful externalities, but neither of those things exist when it comes to parking. — Matthew Yglesias

We now demand glamour and fast-flowing dramatic action. A generation of Christians reared among push buttons and automatic machines is impatient of slower and less direct methods of reaching their goals ... The tragic results of this spirit all all about us: shallow lives, hollow religious philosophies ... the glorification of men, trust is religious externalities ... salesmanship methods, the mistaking of dynamic personality for the power of the Spirit. These and such of these are the symptoms of an evil disease. — A.W. Tozer

India saw from the beginning, and, even in her ages of reason and her age of increasing ignorance, she never lost hold of the insight, that life cannot be rightly seen in the sole light, cannot be perfectly lived in the sole power of its externalities. — Sri Aurobindo

The majority never has right on its side. Never, I say! That is one of these social lies against which an independent, intelligent man must wage war. Who is it that constitute the majority of the population in a country? Is it the clever folk, or the stupid? I don't imagine you will dispute the fact that at present the stupid people are in an absolutely overwhelming majority all the world over. But, good Lord! - you can never pretend that it is right that the stupid folk should govern the clever ones I (Uproar and cries.) Oh, yes - you can shout me down, I know! But you cannot answer me. The majority has might on its side - unfortunately; but right it has not. I am in the right - I and a few other scattered individuals. The minority is always in the right. (Renewed uproar.) — Henrik Ibsen

Many markets work best with little or no outside interference. But others - especially those subject to big 'externalities' - need a helping hand. — Eric Maskin

In neo-classical economic theory, it is claimed without evidence that people are basically self-seeking, that they want above all the satisfaction of their material desires: what economists call "maximising utility". The ultimate objective of mankind is economic growth, and that is maximized only through raw, and lightly regulated, competition. If the rewards of this system are spread unevenly, that is a necessary price. Others on the planet are to be regarded as either customers, competitors or factors of production. Effects upon the planet itself are mere "externalities" to the model, with no reckoning of the cost - at least for now. Nowhere in this analysis appears factors such as human cooperation, love, trust, compassion or hatred, curiosity or beauty. Nowhere appears the concept of meaning. What cannot be measured is ignored. But the trouble is that once our basic needs for shelter and food have been met, these factors may be the most important of all. — Carne Ross

Back horses or go down to Throgmorton Street and try to take it away from the Rothschilds, and I will applaud you as a shrewd and cautious financier. But to bet at golf is pure gambling. — P.G. Wodehouse

Somewhere, floating in a muddled abstraction beyond your existence as a generally good person, are the Externalities. Fuck 'em and God Bless 'em. — Jeremy Robert Johnson

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

We must have a spiritual rebirth. We must be born out of the belief in externalities into the belief of inner realities, out of the belief that we are separated from God, into the belief that we are part of a Unitary Wholeness. — Ernest Holmes

Courage is standing still even though you want to run. Courage is planting yourself and turning towards the thing that scares you, whether it's your leg or your friends or the guy who could break your heart again. It's opening your eyes and staring that fear down. — A J Betts

(P162) The great blessing of private property, then, is that people can benefit from their own industry and insulate themselves from the negative effects of others' actions. It is like a set of invisible mirrors that surround individuals, households or firms, reflecting back on them the consequences of their acts. The industrious will reap the benefits of their industry, the frugal the consequences of their frugality; the improvidant and the profligate likewise. They receive their due, which is to say they experience justice as a matter of routine. Private property institutionalises justice. This is its great virtue, perhaps dwarfing all others. We may say with the economists that private property "internalizes the externalities," or with the philosophers that it gives rise to "social justice. — Tom Bethell

We live, after all, in a world where illusions are sacred and truth profane. — Tariq Ali

It is extremely interesting to live in a private house and to see the externalities, at least, of domestic life in a Japanese middle-class home. — Isabella Bird

The obvious one, in a market system, in a really functioning one, whoever's making the decisions doesn't pay attention to what are called externalities, effects on others. I sell you a car, if our eyes are open we'll make a good deal for ourselves but we're not asking how it's going to affect her [over there.] It will, there'll be more congestion, gas prices will go up, there will be environmental effects and that multiplies over the whole population. Well, that's very serious. — Noam Chomsky