Welfare Economics Quotes & Sayings

When I was young there was no respect for the young, and now that I am old there is no respect for the old — Clint Eastwood

It rests on the attempt since the 1970s to translate a pathological degeneration of the principle of laissez-faire into economic reality by the systematic retreat of states from any regulation or control of the activities of profit-making enterprise. This attempt to hand over human society to the (allegedly) self-controlling and wealth- or even welfare-maximising market, populated (allegedly) by actors in rational pursuit of their interests, had no precedent in any earlier phase of capitalist development in any developed economy, not even the USA. It was a reductio ad absurdum of what its ideologists read into Adam Smith, as the correspondingly extremist 100% state-planned command economy of the USSR was of what the Bolsheviks read into Marx. — Eric Hobsbawm

The older America, until the 1890s and in some respects until 1914, was wrapped in the security of continental isolation, village society, the Protestant denominations, and a flourishing industrial capitalism. But reluctantly, year by year, over several decades, it has been drawn into the twentieth century and forced to cope with its unpleasant realities: first the incursions of cosmopolitanism and skepticism, then the disappearance of American isolation and easy military security, the collapse of traditional capitalism and its supplementation by a centralized welfare state, finally the unrelenting costs and stringencies of the Second World War, the Korean War, and the cold war. As a consequence, the heartland of America, filled with people who are often fundamentalist in religion, nativist in prejudice, isolationist in foreign policy, and conservative in economics, has constantly rumbled with an underground revolt against all these tormenting manifestations of our modern predicament. — Richard Hofstadter

There are two very important things you need to realize from this verse of Scripture. The first one is: Whatever we must receive from God must come as an act of faith, because God is a Faith-God. — Chris Oyakhilome

Women can't forgive failure. — Anton Chekhov

High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes to welfare payments, they obey the laws of economics, too. Indeed, if something - like unemployment - is subsidized, more of it will be produced. — Steve Hanke

In the meantime, powerful industries and business investors spend considerable sums of money in secretive lobbying; persuading, cajoling and needling politicians to pursue policies that are, in effect, corporate welfare programmes. Corporations and banks receive huge public subsidies and bailouts, while the rest of us are largely left to the cold biting winds of 'market' economics. It's socialism for the rich, and capitalism for the rest of us. — David Cromwell

Beyond the economics of production efficiency, animal welfare laws that require "humane" treatment are really not about animals; they're about humans and making humans feel better about using animals. We can comfort ourselves with the idea that we are acting in a "humane" way. — Gary L. Francione

There are few genuine conservatives within the U.S. political system, and it is a sign of the intellectual corruption of the age that the honorable term 'conservatism' can be appropriated to disguise the advocacy of a powerful, lawless, aggressive and violent state, a welfare state for the rich dedicated to a lunatic form of Keynesian economic intervention that enhances state and private power while mortgaging the country's future. — Noam Chomsky

In secrecy, in silence, a whole race may be destroyed without notice. Whole cultures and species have been destroyed while men smiled and spoke of economics, of employment, of progress, of the welfare of mankind. Is a threat less deadly because it does not scream and rage and threaten force of arms? — Sheri S. Tepper

The fundamental flaw in Social Security and Medicare is that they violate the 'welfare principle' in economics. The welfare principle forms the fundamental basis of all charitable work in churches and other private organizations: assist those who need help, and equally important, don't assist individuals who can take care of themselves. — Mark Skousen

Modern economics and the welfare state borrowed heavily on the future. — Gregory Benford

It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost. — Murray N. Rothbard

Sweet it is, when on the high seas the winds are lashing the waters, to gaze from the land on another's struggles. — Lucretius

I think we're socialized out of being women, and then we have to find our way back to it. That's hard to do. — Olympia Dukakis

Thus we seem to be on the verge of an expansion of welfare economics into something like a social science of ethics and politics: what was intended to be a mere porch to ethics is either the whole house or nothing at all. In so laying down its life welfare economics may be able to contribute some of its insights and analytical methods to a much broader evaluative analysis of the whole social process. — Kenneth E. Boulding

True market fundamentalists in the economics profession are few and far between. Not only are they absent from the center of the profession; they are rare at the "right-wing" extreme. Milton Friedman, a legendary libertarian, makes numerous exceptions, on everything from money to welfare to antitrust: Our principles offer no hard and fast line how far it is appropriate to use government to accomplish jointly what is difficult or impossible for us to accomplish separately through strictly voluntary exchange. In any particular case of proposed intervention, we must make up a balance sheet, listing separately the advantages and disadvantages. — Bryan Caplan

The United States, with the greatest ability and the weakest desire to finance a welfare state, winds up in the middle of the pack in terms of the absolute value of the resources devoted to it. By 2003 ... America's per capita Public Expenditures were greater than those in Japan, Spain, Australia, Canada, and the United Kingdom, while lower than those in Italy, the Netherlands, Germany, Belgium, France, Denmark and Sweden. — William Voegeli

Have you ever noticed how statists are constantly "reforming" their own handiwork? Education reform. Health-care reform. Welfare reform. Tax reform. The very fact they're always busy "reforming" is an implicit admission that they didn't get it right the first 50 times. — Lawrence W. Reed

I never, never thought one day I will sing at La Scala or I will get the Grammy. I'm lucky. I work a lot with a teacher, with my coach. — Ildar Abdrazakov

Chinese commentaries stress the opportunity that the investments and aid they offer presents to developing countries to avoid the hazards of reliance on Western dominated financial institutions: austerity programs that call for severe cuts in state-subsidized social welfare, deregulation of state-owned facilities, trade liberalization, and an open door for multinational corporation investment. — Melvin Gurtov

The consequences for human welfare involved in questions about human capital spillovers are simply staggering. Once one starts to think about them, it's hard to think of anything else — Robert Lucas Jr.

Economics evolved as a more moral and more egalitarian approach to policy than prevailed in its surrounding milieu. Let's cherish and extend that heritage. The real contributions of economics to human welfare might turn out to be very different from what most people - even most economists - expect. — Tyler Cowen

I read obsessively to escape my own world. To live the dreams of others when, for so long, the reoccurrence of my nightmares has been my reality. I read to fall in love and find a happily ever after, even if it is purely imagined. With each story I read, I'm able to live and love vicariously through the characters in my books. It's the only plausible way for me to survive. — L.B. Simmons

Let us now leave the example of the isolated State and turn our attention to the international movements that arise from a fall in the value of money due to an increase in its amount. Here, again, the process is the same. There is no increase in the available stock of goods; only its distribution is altered. The country in which the new mines are situated and the countries that deal directly with it have their position bettered by the fact that they are still able to buy commodities from other countries at the old lower prices at a time when depreciation at home has already occurred. Those countries that are the last to be reached by the new stream of money are those which must ultimately bear the cost of the increased welfare of the other countries. — Ludwig Von Mises

I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare. — Paul Ryan

The welfare of a people lies not in casting other peoples down but in peaceful collaboration. — Ludwig Von Mises

One of the main effects (I will not say purposes) of orthodox traditional economics was ... a plan for explaining to the privileged class that their position was morally right and was necessary for the welfare of society. — Joan Robinson