top of page
.png){kind=small}
Exlpore more Economics quotes
"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."
"There is not the slightest analogy between playing games and the conduct of business within a market society. The card player wins money by outsmarting his antagonist. The businessman makes money by supplying customers with goods they want to acquire."
"It is the beginning of the 'demonetization' of the notes. The process is hastened by its panic-like character. It may be possible once, twice, perhaps even three or four times, to allay the fears of the public; but eventually the affair must run its course and then there is no longer any going back. Once the depreciation is proceeding so rapidly that sellers have to reckon with considerable losses even if they buy again as quickly as is possible, then the position of the currency is hopeless."
"If the State uses this power systematically in order to force the community to accept a particular sort of money whose employment it desires for reasons of monetary policy, then it is actually carrying through a measure of monetary policy. The States which completed the transition to a gold standard a generation ago, did so from motives of monetary policy. They gave up the silver standard or the credit-money standard because they recognized that the behaviour of the value of silver or of credit money was unsuited to the economic policy they were following."
"A metallic money, the augmentation or diminution of the quantity of metal available for which is independent of deliberate human intervention, is becoming the modern monetary ideal. The significance of adherence to a metallic-money system lies in the freedom of the value of money from State influence that such a system guarantees."
"Let us merely discuss the question, what consequences would necessarily follow if, ceteris paribus, with an increasing quantity of money, prices were restricted to the old level by official compulsion? An increase in the quantity of money leads to the appearance in the market of new desire to purchase, which had previously not existed; 'new purchasing power', it is usual to say, has been created. If the new would-be purchasers compete with those that are already in the market, then, so long as it is not permissible to raise prices, only part of the total purchasing power can be exercised."
"One of the Great Rules of Economics According to John GreenIf you are rich, you have to be an idiot not to stay rich. And if you are poor, you have to be really smart to get rich."
"Even with all its positive attributes, capitalism in its imperialistic form is the most treacherous system mankind ever devised. It is driven by a selfishness that has an almost religious underlining to it."
Explore more quotes by John Steinbeck
"I've lived in good climate, and it bores the hell out of me. I like weather rather than climate."
"The walls, where there was room, were well decorated with calendars and posters showing bright, improbable girls with pumped-up breasts and no hips - blondes, brunettes and redheads, but always with this bust development, so that a visitor of another species might judge from the preoccupation of artist and audience that the seat of procreation lay in the mammaries. Alice Chicoy...who worked among the shining girls, was wide-hipped and sag-chested and she walked well back on her heels...She was not in the least jealous of the calendar girls and the Coca-Cola girls. She had never seen anyone like them, and she didn't think anyone ever had."
"I seen hundreds of men come by on the road an' on the ranches, with their bindles on their back an' that same damn thing in their heads . . . every damn one of 'em's got a little piece of land in his head. An' never a God damn one of 'em ever gets it. Just like heaven. Ever'body wants a little piece of lan'. I read plenty of books out here. Nobody never gets to heaven, and nobody gets no land."
"And the great owners, who had become through the might of their holdings both more and less than men."
"At last he said, "Did you come out of the big mountains?"Gitano shook his head slowly. "No, I walked down the Salinas Valley."The afternoon thought would not let Joey go. "Did you ever go into the big mountains back there?"The old dark eyes grew fixed, and their light turned inward on the years that were living in Gitano's head."
bottom of page