The simple organization of a people into a national body, composite or otherwise, is of itself an impressive fact. As an original proceeding, it marks the point of departure of a people, from the darkness and chaos of unbridled barbarism, to the wholesome restraints of public law and society. It implies a willing surrender and subjection of individual aims and ends, often narrow and selfish, to the broader and better ones that arise out of society as a whole. It is both a sign and a result of civilization. A knowledge of the character, resources and proceedings of other nations, affords us the means of comparison and criticism, without which progress would be feeble, tardy, and perhaps, impossible. It is by comparing one nation with another, and one learning from another, each competing with all, and all competing with each, that hurtful errors are exposed, great social truths discovered, and the wheels of civilization whirled onward.
Frederick DouglassRelated topics
barbarism body character composite darkness great impossible law narrow nation national organization people perhaps point public result sign simple subjection tardy whirled willing means ends wheelsRelated quotes
Our party has a mass character, and hundreds of thousands of member. Owing to the situation in our country the bulk of Party members spring from the petty bourgeoisie. There is nothing surprising in it. IN the beginning under the influence of bourgeois ideology the stand of some Party members may lack firmness, their outlook may be confused and their thinking not quite correct, but owing to the fact that they have been tempered in the revolution and the war of resistance, our Party members are by and large good militants, faithful to the Party and the revolution. Those Comrades know that those Party members who commit errors will lead the masses into error; therefore, they stand ready to correct any mistake they may make, and this in a timely way, and do not allow small errors accumulate into big ones. They sincerely practice criticism and self-criticism, which makes it possible for them to progress together.
Ho Chí Minh
... a rather different class of applications of the idea of best allocation of scarce resources... usually referred to as the theory of optimal economic growth. In most studies of this kind made in the countries with market economies there is not an identifiable client to whom the findings are submitted as policy recommendations. Nor is there an obvious choice of objective function, such as cost minimization or profit maximization in the studies addressed to individual enterprises. The field has more of a speculative character. The models studied usually contain only a few highly aggregated variables. One considers alternative objective functions that incorporate or emphasize various strands of ethical, political, or social thought. These objectives are then tried out to see what future paths of the economy they imply under equally simplified assumptions of technology or resource availability.
Tjalling Koopmans
Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all. We disapprove of state education. Then the socialists say that we are opposed to any education. We object to a state religion. Then the socialists say that we want no religion at all. We object to a state-enforced equality. Then they say that we are against equality. And so on, and so on. It is as if the socialists were to accuse us of not wanting persons to eat because we do not want the state to raise grain. I do not dispute their right to invent social combinations, to advertise them, to advocate them, and to try them upon themselves, at their own expense and risk. But I do dispute their right to impose these plans upon us by law – by force – and to compel us to pay for them with our taxes.
Frédéric Bastiat
One must therefore portray the meaning of the sacred writings in a threefold way upon one's own soul, so that the simple person may be edified by what we may call the flesh of the scripture, this name being given to the obvious interpretation; while the one who has made some progress may be edified by its soul, as it were; and the one who is perfect and like those mentioned by the apostle: "We speak wisdom among the perfect; yet a wisdom not of this world, nor of the rulers of this world, which are coming to nought; but we speak God's wisdom in a mystery, even the wisdom that has been hidden, which God foreordained before the world unto our glory" (1 Cor. 2:6-7)--this one may be edified by the spiritual law, which has "a shadow of the good things to come" (cf. Rom. 7:14). For just as the human being consists of body, soul and spirit, so in the same way does the scripture, which has been prepared by God to be given for humanity's salvation.
Origen
There is little doubt that the observation that quality may depend on price (productivity on wages; default probability on interest rates) has provided a rich mine for economic theorists: A simple modification of the basic assumptions results in a profound alteration of many of the basic conclusions of the standard paradigm. The Law of Supply and Demand has been repealed. The Law of the Single Price has been repealed. The Fundamental Theorem of Welfare Economics has been shown not to be valid.
More than that, the theories that we describe here provide the basis of progress toward a unification of macroeconomics and microeconomics. They pro vide an explanation of unemployment and credit rationing, derived from basic microeconomic principles. It is a theory in which the extensive idleness that periodically confronts society's resources, human and capital, is seen as but the most obvious example of market failures that prevasively and persistently distort the allocation of resources.
Joseph Stiglitz
