By Tony Weekes on December 16, 2009
“The earth shall be made a common treasury of livelihood to whole mankind, without respect of persons …”
“Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing.”
“The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems – the problems of life and of human relations, of creation and behaviour and religion.”
“Few people at the beginning of the nineteenth century needed an adman to tell them what they wanted.”
“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.”
“Economists themselves, like most specialists, normally suffer from a kind of metaphysical blindness, assuming that theirs is a science of absolute and invariable truths, without any presuppositions.”
“Affluence breeds impatience, and impatience undermines well-being.”
Sorry … no prizes!