I return to economics and to economists, and to the question of why the profession's directions have evolved in the manners evident from this book. A major conservative economist once explained that a source of his antipathy to government traced back to the defeat of his southern ancestors by a larger north economy. Here is a similar factoid. Joan Robinson once wrote that her opposition to having the U. K. enter the European Market was due to the fact that she "had more friends in [Nehru's] India than on the continent.”.
Paul SamuelsonRelated topics
antipathy book continent defeat due economics economist enter government having market north once question return source manners Friends Robinson JoanRelated quotes
[T]he Opposition [Conservative Party] have consistently resisted, from the time when they were in office until now, any extension of British control over oil in the North Sea. ... The development of the North Sea is going on apace. But we believe that it is right that the British people should have a growing share in the benefits of the North Sea. ... It passes my understanding why a party which used to pretend to speak for the national interest should regularly denounce any extension of British control and ownership of the oil in the continental shelf.
Tony Benn
The transformation of the automobile market was essentially complete in 1929. If Mr. Ford, in that pivotal year in the modern economy, still held stubbornly to his old concept in his new Model A, he was counterbalanced by Mr. Chrysler, who had come up from nowhere with tremendous vitality and with a market policy similar to General Motors'. The fact that Mr. Ford built nearly two million of the five million U. S.-produced cars and trucks sold that year was only incidental from the long-term point of view. it was a splurge, not the sign of a trend.
Alfred P. Sloan
My experience thus far had been to win matches and not lose them. I remember that in 1932, after our return from the Olympic tour, we beat Delhi by 12 goals to nil. I never recognised Delhi as a big hockey playing center, but on this day they were right on top of us and completely outplayed us. The news of this defeat created adverse opinions about us, and while touring other centers before we finally sailed from Mumbai. This particular defeat kept worrying me. For the first time I was captaining the Olympic team; will India lose the title under my charge?
Dhyan Chand
On September 13, 1888, Jonathan Goforth, famed Canadian pioneer Presbyterian missionary to China, made his first exploration tour of North Honan. Honan was considered one of the most anti-foreign and dangerous parts of China. Yet God had called Goforth to it. Hudson Taylor wrote him, "We have been trying, unsuccessfully, for ten years, to get into Honan. We've been beaten, stoned, and turned back time and again. Brother, if you would enter that province, you must go forward on your knees!
James Hudson Taylor
The police confront dangers and social miseries of a kind most of us can only imagine. They deal with the waste products of a competitive corporate society: the ill-fed, the ill-housed, the desperate, and the defeated. The slums are not the problem, they are the solution; they are the way capitalism deals with the surplus people of a market economy. And for all they cost the taxpayer in crime, police and welfare, the slums remain a source of profit for certain speculators, arsonists, realtors, big merchants, and others.
Michael Parenti