Most people have an aversion to risk, my college economics professor told me. Which means they have to be rewarded to take on that risk. The higher the risk, the higher the possible payout has to be for people to jump.
It was clear to me as a civil rights leader in the '60s that unless we put the social and economic underpinnings beneath the political and the civil rights, we wouldn't go anywhere.
Now, of course, cold fusion is the daddy of them all in a way, in terms of value, so I think that viewed in a social way, from the point of social considerations and economics, it will tell you that this thing will stay around.
When people from organizations like the World Bank descended on Third World countries, they always tried to remove obstacles to development, to reduce economic anxiety and uncertainty.
A narrative that branded Africa as little more than an economic, political and social basket case was not likely to provide the investment needed to drive development.
Raising the traditional and early retirement ages will mean extending workers' taxable earning years, fueling economic growth and putting a dent in our unfunded-liabilities crisis by delaying payouts.
The only people who steal are thieves, and that's a very small percentage of civilization. Most people want to have some way to make the economic transaction valid. They want to return the favor, if you will... return the benefit and reciprocate.
Washington's insatiable desire to spend our children's inheritance on failed stimulus plans and other misguided economic theories have given record debt and left us with far too many unemployed.
As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big.
You can bring people together around the issue of economic fairness. I don't want to be a mayor that goes into one neighborhood and gets jeered, and goes into another neighborhood and gets cheered.
Haven't we put off problems without clarifying Japan's will to protect the lives and assets of its people and territory with its own hands, and merely accepted the benefits of economic prosperity?
The comparison to the old world is something to get excited about. We have the potential for more choice and innovation, and a different regulatory environment that doesn't place as much weight on economic regulations of terms and conditions.
I sense very little appetite for green efforts to persuade people to accept a frozen or declining standard of living for the sake of the environment. Recessions remind us that economic retreat or stagnation is painful, whatever the goal.
Early economic theory was rooted in the Italian, French, and Spanish traditions, which were subjectivist oriented. Then it shifted onto the terrible path by Smith and Ricardo and the British classical tradition, which is 'objectivist' - values are in...
I am also well aware that literature only has a minimal influence on political disputes or economic crises in the world, but its significance to human beings is ancient.
With 1.7 million private sector jobs lost and half a million jobs shipped overseas over the past three years, we must take action to spur job creation and restore economic prosperity.
Pirates are the very essence of profit maximising entrepreneurs described in neoclassical economics. Yet, whilst films such as 'The Pirates of the Caribbean' and 'Butch Cassidy and the Sundance Kid' have gone a long way to popularise both pirates and...
Each man has an equal social right to multiply his power of motion by all the social factors of civilization. Private property in any of these factors is inconsistent with this fundamental right; it must, obviously, prove a source of economic despoti...
Do we believe that there is equal economic opportunity out there in the real world, right now, for each and every one of these groups? If we believed in the tooth fairy, if we believed in the Easter Bunny, we might well believe that.
Experience taught me that working families are often just one pay check away from economic disaster. And it showed me first-hand the importance of every family having access to good health care.
Women oftentimes are the ones making those economic decisions, sitting around the kitchen table and trying to figure out how to pay for rising gas prices or food prices or the health insurance costs.
