Political Economy Quotes

Quotes tagged as "political-economy" Showing 1-26 of 26
Alexis de Tocqueville
“When the taste for physical gratifications among them has grown more rapidly than their education . . . the time will come when men are carried away and lose all self-restraint . . . . It is not necessary to do violence to such a people in order to strip them of the rights they enjoy; they themselves willingly loosen their hold. . . . they neglect their chief business which is to remain their own masters.”
Alexis de Tocqueville, Democracy in America Volume 2

Zaman Ali
“Zamanism is about creating power and private resources for all in society by destroying bureaucratic and monopolistic control on society.”
Zaman Ali, ZAMANISM Wealth of the People

Ha-Joon Chang
“Markets weed out inefficient practices, but only when no one has sufficient power to manipulate them.”
Ha-Joon Chang, 23 Things They Don't Tell You about Capitalism

Karl Marx
“The fact that labour is external to the worker, i.e., it does not belong to his intrinsic nature; that in his work, therefore he does not affirm himself but denies himself, does not feel content but unhappy, does not develop freely his physical and mental energy but mortifies his body and his mind. The worker therefore only feels himself outside his work, and in his work feels outside himself.”
Karl Marx, Essential Writings of Karl Marx: Economic and Philosophic Manuscripts, Communist Manifesto, Wage Labor and Capital, Critique of the Gotha Program

Karl Marx
“History is not like some individual person, which uses men to achieve its ends. History is nothing but the actions of men in pursuit of their ends.”
Karl Marx

Jo M. Sekimonyo
“any form of expression that ceases to be an experience and becomes an art form loses its glowing divinity”
Jo M. Sekimonyo, Economic Jihad: Putting the Kibosh on Antiquated Social Axioms Defining Us

Ha-Joon Chang
“I would go one step further and say that the willingness to challenge professional economists - and other experts - should be the foundation of democracy. When you think about it, if all we have to do is to listen to the experts, what is the point of having a democracy at all? Unless we want our societies to be run by a body of self-elected experts, we all have to learn economics and challenge professional economists”
Ha-Joon Chang, Economics: The User's Guide

Milan Vaishnav
“The failure of India's public institutions to keep pace with the dramatic political, economic and social transformations under way has led to severe gaps in governance. The end result of this disjuncture has been a proliferation of grand corruption - a malaise made up of a diverse array of regulatory, extractive, and political rent-seeking activities.”
Milan Vaishnav, When Crime Pays: Money and Muscle in Indian Politics

John Maynard Keynes
“Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. ... in the field of economic and political philosophy there are not many who are influenced by new theories after they are twenty-five or thirty years of age, so that the ideas which civil servants and politicians and even agitators apply to current events are not likely to be the newest.”
John Maynard Keynes, The General Theory of Employment, Interest, and Money

Ronald H. Coase
“The time has surely gone in which economists could analyze in great detail two individuals exchanging nuts for berries on the edge of the forest and then feel that their analysis of the process of exchange was complete, illuminating though this analysis may be in certain respects.”
Ronald H. Coase

Adam Tooze
“Political choice, ideology and agency are everywhere across this narrative with highly consequential results, not merely as disturbing factors but as vital reactions to the huge volatility and contingency generated by the malfunctioning of the giant “systems” and “machines” and apparatuses of financial engineering.”
Adam Tooze, Crashed: How a Decade of Financial Crises Changed the World

Kim Stanley Robinson
“... this system we call the transnational world order is just feudalism all over again, a set of rules that is anti-ecologic, it does not give back but rather enriches a floating international elite while impoverishing everything else, and so of course the so-called rich elite are in actuality poor as well, disengaged from real human work and therefore from real human accomplishment, parasitical in the most precise sense, and yet powerful too as parasites that have taken control can be, sucking the gifts of human work away from their rightful recipients which are the seven generations, and feeding on them while increasing the repressive powers that keep them in place!”
Kim Stanley Robinson, Red Mars

Karl Marx
“Cuanto más lejos nos remontamos en la historia, tanto más aparece el individuo - y por consiguiente también el individuo productor - como dependiente y formando parte de un todo mayor: en primer lugar y de una manera todavía muy enteramente natural, de la familia y de esa familia ampliada que es la tribu; más tarde, de las comunidades en sus distintas formas, resultado del antagonismo y de la fusión de las tribus. Solamente al llegar el Siglo XVIII, con la "sociedad civil", las diferentes formas de conexión social aparecen ante el individuo como un simple medio para lograr sus fines privados, como una necesidad exterior. Pero la época que genera este punto de vista, esta idea del individuo aislado, es precisamente aquella en la cual las relaciones sociales (universales según este punto de vista) han llegado al más alto grado de desarrollo alcanzado hasta el presente. El hombre es, en el sentido más literal, un zoon politikon, no solamente un animal social, sino un animal que sólo puede individualizarse en la sociedad. La producción por parte de un individuo aislado, fuera de la sociedad - hecho raro que bien puede ocurrir cuando un civilizado, que potencialmente posee ya en sí las fuerzas de la sociedad, se extravía accidentalmente en una comarca salvaje - no es menos absurda que la idea de un desarrollo del lenguaje sin individuos que vivan juntos y hablen entre sí.”
Karl Marx , Grundrisse: Foundations of the Critique of Political Economy

“What in essence happened under the Treuhand was a complete transfer without compensation of property and assets accumulated over forty years through hard work and effort by GDR citizens, as well as the land they owned (which in the GDR had no monetary value as such) to, in the main, West German owners. This transfer of a country's assets — unprecedented anywhere in the world during peacetime — amounted to billions of Euros: a robbing of ordinary people for the enrichment of a few. Of those companies and individuals who bought GDR property, 80 per cent were West Germans, only 10 per cent were from other countries, and a mere 5 per cent went to GDR citizens.”
Bruni de la Motte, Stasi State or Socialist Paradise?: The German Democratic Republic and What Became of It

Nassim Nicholas Taleb
“We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.”
Nassim Nicholas Taleb

Ted Seay
“Economics is only considered the dismal science because economists are so often called on to clean up after innumerate politicians.”
Ted Seay

Jean Baudrillard
“There is no longer any difference between the economic and the political, because the same language reigns in both, from one end to the other; a society therefore where the political economy, literally speaking, is finally fully realized.”
Jean Baudrillard, Simulacra and Simulation

John Maynard Keynes
“What is raised by printing notes is just as much taken from the public as is a beer-duty or an income-tax. What the Government spends the public pays for. There is no such thing as an uncovered deficit.”
John Maynard Keynes, A Tract on Monetary Reform

“It must be remembered that in studying the vast literature of nineteenth-century political economy, Marx enjoyed one enormous advantage over his contemporaries. He came to the study of political economy having already worked over and mastered the highest achievements of classical German philosophy, and in particular the achievements of Hegel.”
Geoffrey Pilling, Marx's "Capital"

Karl Marx
“The specific economic form, in which unpaid surplus-labour is pumped out of direct producers, determines the relationship of rulers and ruled, as it grows directly out of production itself and, in turn, reacts upon it as a determining element. Upon this, however, is founded the entire formation of the economic community which grows up out of the production relations themselves, thereby simultaneously its specific political form. It is always the direct relationship of the owners of the conditions of production to the direct producers — a relation always naturally corresponding to a definite stage in the development of the methods of labour and thereby its social productivity — which reveals the innermost secret, the hidden basis of the entire social structure and with it the political form of the relation of sovereignty and dependence, in short, the corresponding specific form of the state. This does not prevent the same economic basis — the same from the standpoint of its main conditions — due to innumerable different empirical circumstances, natural environment, racial relations, external historical influences, etc. from showing infinite variations and gradations in appearance, which can be ascertained only by analysis of the empirically given circumstances.”
Karl Marx, Capital, Vol. 3: The Process of Capitalist Production as a Whole

Jean Baudrillard
“Conclusion: from the moment the economic is there for something else, there is no point making endless critiques of it or analysing its transformations.
As soon as the Virtual is there for something else, there is no point enquiring into its principles or purposes, no point being for it or against it.
For the destiny of these things lies elsewhere. And the destiny of the analysis too: everything changes depending on whether you analyse a system by its own logic or in terms of the idea that it is there for something else.”
Jean Baudrillard, The Intelligence of Evil or the Lucidity Pact

“When the institution of transnational corporations and the phenomenon of consumerism emerged in the early twentieth century, nobody could have predicted the dominant role that corporatism and consumerism were destined to play in American capitalism and in American empire-building.”
Sampie Terreblanche, Lost in Transformation: South Africa's Search for a New Future Since 1986

“It was not easy for the Americans to convince Western Europe of the alleged merits of consumerism and a mass consumer society. In many Western European countries - but especially in France - people regarded American mass consumer culture with suspicion and as an expression of the vulgar materialist culture that had developed in the US. They could not, however, dispute the fact that the US had experienced such astonishing economic growth since 1870 that its citizens were able to maintain much higher living standards than those of Europe.”
Sampie Terreblanche, Lost in Transformation: South Africa's Search for a New Future Since 1986

“The Americanisation of the South African politico-economic system during the transformation 1994/96 was based on the wrong ideological premises, on the wrong power structures, and put South Africa on the wrong developmental path. The Americanisation of the South Afrocan politico-economic system was integrated into the criminalised global structures and the criminalistaion of the apartheid regime was replaced by the the criminalisation of the system by American-led global capitalism.”
Sampie Terreblanche, Lost in Transformation: South Africa's Search for a New Future Since 1986

“In spite of the close relationship between wealth and poverty in all neoliberal capitalist countries, the rich are usually not prepared to acknowledge that they are rich because the majority is poor. The rich usually live in denial about the casual relationship between wealth and poverty. They don't like to be the flipside of the poor. The rich are always very self-assured, very complacent and very arrogant about their wealth. They are always of the opinion that what belongs to them does so because of their merit, inventiveness, and perseverance, and that nobody - but nobody - has the right to take it from them.”
Sampie Terreblanche, Lost in Transformation: South Africa's Search for a New Future Since 1986

“I suspect that the NDP is actually a carefully crafted ideological propaganda document. This version of ideological propaganda could be called the 'ideology of targetism'. The aim of this ideological propaganda is to lull the general public, and especially the impoverished majority, into contentment until 2030”
Sampie Terreblanche, Lost in Transformation: South Africa's Search for a New Future Since 1986