Economic Indicators Quotes

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When everything is subject to money, then the scarcity of money makes everything scarce, including the basis of human life and happiness. Such is the life of the slave—one whose actions are compelled by threat to survival. Perhaps the deepest indication of our slavery is the monetization of time.
Charles Eisenstein (Sacred Economics: Money, Gift, and Society in the Age of Transition)
The widespread abuse of prisoners is a virtually foolproof indication that politicians are trying to impose a system--whether political, religious or economic--that is rejected by large numbers of the people they are ruling. Just as ecologists define ecosystems by the presence of certain "indicator species" of plants and birds, torture is an indicator species of a regime that is engaged in a deeply anti-democratic project, even if that regime happens to have come to power through elections.
Naomi Klein (The Shock Doctrine: The Rise of Disaster Capitalism)
The search for scapegoats is essentially an abnegation of responsibility: it indicates an inability to assess honestly and intelligently the true nature of the problems which lie at the root of social and economic difficulties and a lack of resolve in grappling with them.
Aung San Suu Kyi (Freedom from Fear)
How are you coming with your home library? Do you need some good ammunition on why it's so important to read? The last time I checked the statistics...I think they indicated that only four percent of the adults in this country have bought a book within the past year. That's dangerous. It's extremely important that we keep ourselves in the top five or six percent. In one of the Monthly Letters from the Royal Bank of Canada it was pointed out that reading good books is not something to be indulged in as a luxury. It is a necessity for anyone who intends to give his life and work a touch of quality. The most real wealth is not what we put into our piggy banks but what we develop in our heads. Books instruct us without anger, threats and harsh discipline. They do not sneer at our ignorance or grumble at our mistakes. They ask only that we spend some time in the company of greatness so that we may absorb some of its attributes. You do not read a book for the book's sake, but for your own. You may read because in your high-pressure life, studded with problems and emergencies, you need periods of relief and yet recognize that peace of mind does not mean numbness of mind. You may read because you never had an opportunity to go to college, and books give you a chance to get something you missed. You may read because your job is routine, and books give you a feeling of depth in life. You may read because you did go to college. You may read because you see social, economic and philosophical problems which need solution, and you believe that the best thinking of all past ages may be useful in your age, too. You may read because you are tired of the shallowness of contemporary life, bored by the current conversational commonplaces, and wearied of shop talk and gossip about people. Whatever your dominant personal reason, you will find that reading gives knowledge, creative power, satisfaction and relaxation. It cultivates your mind by calling its faculties into exercise. Books are a source of pleasure - the purest and the most lasting. They enhance your sensation of the interestingness of life. Reading them is not a violent pleasure like the gross enjoyment of an uncultivated mind, but a subtle delight. Reading dispels prejudices which hem our minds within narrow spaces. One of the things that will surprise you as you read good books from all over the world and from all times of man is that human nature is much the same today as it has been ever since writing began to tell us about it. Some people act as if it were demeaning to their manhood to wish to be well-read but you can no more be a healthy person mentally without reading substantial books than you can be a vigorous person physically without eating solid food. Books should be chosen, not for their freedom from evil, but for their possession of good. Dr. Johnson said: "Whilst you stand deliberating which book your son shall read first, another boy has read both.
Earl Nightingale
there is a strong association between poverty and the level of cortisol produced by the body, an indicator of stress. And
Abhijit V. Banerjee (Poor Economics: Rethinking Poverty & the Ways to End it)
Whenever a state or an individual cited 'insufficient funds' as an excuse for neglecting this important thing or that, it was indicative of the extent to which reality had been distorted by the abstract lens of wealth. During periods of so-called economic depression, for example, societies suffered for want of all manner of essential goods, yet investigation almost invariably disclosed that there were plenty of goods available. Plenty of coal in the ground, corn in the fields, wool on the sheep. What was missing was not materials but an abstract unit of measurement called 'money.' It was akin to a starving woman with a sweet tooth lamenting that she couldn't bake a cake because she didn't have any ounces. She had butter, flour, eggs, milk, and sugar, she just didn't have any ounces, any pinches, any pints. The loony legacy of money was that the arithmetic by which things were measured had become more valuable than the things themselves.
Tom Robbins (Skinny Legs and All)
Profit serves as a metric of efficiency and effectiveness, indicating that a company is utilizing its resources responsibly and creating value for all its stakeholders while minimizing its negative impact.
Hendrith Vanlon Smith Jr. (The Virtuous Boardroom: How Ethical Corporate Governance Can Cultivate Company Success)
The widespread abuse...is a virtually foolproof indication that politicians are trying to impose a system - whether political , religious or economic - that is rejected by large numbers of the people they are ruling...an indicator of a regime that is engaged in a deeply anti-democratic project, even if that regime happens to have come to power through elections.
Naomi Klein (The Shock Doctrine: The Rise of Disaster Capitalism)
It may be too soon to tell, but extrapolating from current trends indicates that mobility will play an ever more important role in society and economics in the future than today:
Klaus Schwab (The Fourth Industrial Revolution)
the immersive ugliness of the built environment in the USA is entropy made visible. It indicates not simple carelessness but a vivid drive toward destruction, decay and death: the stage-set of a literal “death trip,” of a society determined to commit suicide. Far from being a mere matter of aesthetics, suburbia represents a compound economic catastrophe, ecological debacle, political nightmare, and spiritual crisis — for a nation of people conditioned to spend their lives in places not worth caring about.
James Howard Kunstler (The Geography of Nowhere: The Rise and Decline of America's Man-made Landscape)
A remarkably consistent finding, starting with elementary school students, is that males are better at math than females. While the difference is minor when it comes to considering average scores, there is a huge difference when it comes to math stars at the upper extreme of the distribution. For example, in 1983, for every girl scoring in the highest percentile in the math SAT, there were 11 boys. Why the difference? There have always been suggestions that testosterone is central. During development, testosterone fuels the growth of a brain region involved in mathematical thinking and giving adults testosterone enhances their math skills. Oh, okay, it's biological. But consider a paper published in science in 2008. The authors examined the relationship between math scores and sexual equality in 40 countries based on economic, educational and political indices of gender equality. The worst was Turkey, United States was middling, and naturally, the Scandinavians were tops. Low and behold, the more gender equal the country, the less of a discrepancy in math scores. By the time you get to the Scandinavian countries it's statistically insignificant. And by the time you examine the most gender equal country on earth at the time, Iceland, girls are better at math than boys. Footnote, note that the other reliable sex difference in cognition, namely better reading performance by girls than by boys doesn't disappear in more gender equal societies. It gets bigger. In other words, culture matters. We carry it with us wherever we go.
Robert M. Sapolsky (Behave: The Biology of Humans at Our Best and Worst)
It is worth noting that the standard American tests of success that they have flunked are almost exclusively economic. If one applied social indices instead—such as rates of crime, child abuse, illegitimacy, and divorce—the Hmong would probably score better than most refugee groups (and also better than most Americans), but those are not the forms of success to which our culture assigns its highest priority.
Anne Fadiman (The Spirit Catches You and You Fall Down: A Hmong Child, Her American Doctors, and the Collision of Two Cultures)
Our own statistics about violence, depression, drug abuse, divorce, and crime indicated that although ours was one of the wealthiest societies in history, it may also be one of the least happy societies. Why would we want others to emulate us?
John Perkins (Confessions of an Economic Hit Man)
As new Indusries emerge, new kinds of key performance indicators also emerge.
Hendrith Vanlon Smith Jr.
Past success is not just not a guarantee of future success - it is a strong indicator of future failure because success builds ego & a know it all approach which can be fatal
Dharmendra Rai (The Invisible Selling Book , Behavioural Economics & More)
...distinction between growth and development. Aggregate growth in national economic indicators need not mean an improved life for the majority of the people.
Raewyn Connell and Nour Dados
Here’s a guess: anybody who bothers to change his name in the name of economic success is—like the high-school freshmen in Chicago who entered the school-choice lottery—at least highly motivated, and motivation is probably a stronger indicator of success than, well, a name.
Steven D. Levitt (Freakonomics: A Rogue Economist Explores the Hidden Side of Everything)
GDP growth is, ultimately, an indicator of the welfare of capitalism. That we have all come to see it as a proxy for the welfare of humans represents an extraordinary ideological coup
Jason Hickel
White feminists so focused on the disparity between white male/white female economic status as an indication of the negative impact of sexism that they drew no attention to the fact that poor and lower-class men are as able to oppress and brutalize women as any other group of men in American society.
bell hooks (Ain't I a Woman: Black Women and Feminism)
Initially, class privilege was not discussed by white women in the women’s movement. They wanted to project an image of themselves as victims and that could not be done by drawing attention to their class. In fact, the contemporary women’s movement was extremely class bound. As a group, white participants did not denounce capitalism. They chose to define liberation using the terms of white capitalist patriarchy, equating liberation with gaining economic status and money power. Like all good capitalists, they proclaimed work as the key to liberation. This emphasis on work was yet another indication of the extent to which the white female liberationists’ perception of reality was totally narcissistic, classist, and racist. Implicit in the assertion that work was the key to women’s liberation was a refusal to acknowledge the reality that, for masses of American working class women, working for pay neither liberated them from sexist oppression nor allowed them to gain any measure of economic independence.
bell hooks (Ain't I a Woman: Black Women and Feminism)
SOME PEOPLE ARE JUST born unlucky—so unlucky in fact that they do just the opposite of what they should at exactly the wrong time. Suckers? Maybe. But in the business of investing, those people have a name: retail investors.
Simon Constable (The WSJ Guide to the 50 Economic Indicators That Really Matter: From Big Macs to "Zombie Banks," the Indicators Smart Investors Watch to Beat the Market (Wall Street Journal Guides))
When Fox News’s Sean Hannity asked black talk-show host Tavis Smiley in October of 2013 if black Americans were “better off five years into the Obama presidency,” Smiley responded: “Let me answer your question very forthrightly: No, they are not. The data is going to indicate, sadly, that when the Obama administration is over, black people will have lost ground in every single leading economic indicator category. On that regard, the president ought to be held responsible.”2
Jason L. Riley (Please Stop Helping Us: How Liberals Make It Harder for Blacks to Succeed)
People will think they're electing him to create more economic security. Then watch the Terror! God knows there's been enough indication that we can have tyranny in America-the fix of the southern share-croppers, the working conditions of the miners and garment-makers, and our keeping Mooney in prison so many years. But wait till Windrip shows us how to say it with machine guns!
Sinclair Lewis (It Can't Happen Here)
even if masks reduced the transmission rate of the virus by only 10 percent, our models indicate that hundreds of thousands of deaths would be prevented around the world, creating trillions of dollars in economic value. This is a big effect of a small thing.
Nicholas A. Christakis (Apollo's Arrow: The Profound and Enduring Impact of Coronavirus on the Way We Live)
Historically one of the main defects of constitutional government has been the failure to insure the fair value of political liberty. The necessary corrective steps have not been taken, indeed, they never seem to have been seriously entertained. Disparities in the distribution of property and wealth that far exceed what is compatible with political equality have generally been tolerated by the legal system. Public resources have not been devoted to maintaining the institutions required for the fair value of political liberty. Essentially the fault lies in the fact that the democratic political process is at best regulated rivalry; it does not even in theory have the desirable properties that price theory ascribes to truly competitive markets. Moreover, the effects of injustices in the political system are much more grave and long lasting than market imperfections. Political power rapidly accumulates and becomes unequal; and making use of the coercive apparatus of the state and its law, those who gain the advantage can often assure themselves of a favored position. Thus inequities in the economic and social system may soon undermine whatever political equality might have existed under fortunate historical conditions. Universal suffrage is an insufficient counterpoise; for when parties and elections are financed not by public funds but by private contributions, the political forum is so constrained by the wishes of the dominant interests that the basic measures needed to establish just constitutional rule are seldom properly presented. These questions, however, belong to political sociology. 116 I mention them here as a way of emphasizing that our discussion is part of the theory of justice and must not be mistaken for a theory of the political system. We are in the way of describing an ideal arrangement, comparison with which defines a standard for judging actual institutions, and indicates what must be maintained to justify departures from it.
John Rawls (A Theory of Justice)
Perhaps the deepest indication of our slavery is the monetization of time. It is a phenomenon with roots deeper than our money system, for it depends on the prior quantification of time. An animal or a child has “all the time in the world.” The same was apparently true for Stone Age peoples, who usually had very loose concepts of time and rarely were in a hurry. Primitive languages often lacked tenses, and sometimes lacked even words for “yesterday” or “tomorrow.” The comparative nonchalance primitive people had toward time is still apparent today in rural, more traditional parts of the world. Life moves faster in the big city, where we are always in a hurry because time is scarce. But in the past, we experienced time as abundant. The more monetized society is, the more anxious and hurried its citizens. In parts of the world that are still somewhat outside the money economy, where subsistence farming still exists and where neighbors help each other, the pace of life is slower, less hurried. In rural Mexico, everything is done mañana. A Ladakhi peasant woman interviewed in Helena Norberg-Hodge’s film Ancient Futures sums it all up in describing her city-dwelling sister: “She has a rice cooker, a car, a telephone—all kinds of time-saving devices. Yet when I visit her, she is always so busy we barely have time to talk.” For the animal, child, or hunter-gatherer, time is essentially infinite. Today its monetization has subjected it, like the rest, to scarcity. Time is life. When we experience time as scarce, we experience life as short and poor. If you were born before adult schedules invaded childhood and children were rushed around from activity to activity, then perhaps you still remember the subjective eternity of childhood, the afternoons that stretched on forever, the timeless freedom of life before the tyranny of calendar and clocks. “Clocks,” writes John Zerzan, “make time scarce and life short.” Once quantified, time too could be bought and sold, and the scarcity of all money-linked commodities afflicted time as well. “Time is money,” the saying goes, an identity confirmed by the metaphor “I can’t afford the time.” If the material world
Charles Eisenstein (Sacred Economics: Money, Gift, and Society in the Age of Transition)
mother and her entire family line are obsessed with skinniness as an indicator of physical, moral, and economic fitness.
Maggie Nelson (The Argonauts)
Things like Google search traffic patterns, for instance, can serve as leading indicators for economic data series like unemployment.
Nate Silver (The Signal and the Noise: Why So Many Predictions Fail-but Some Don't)
History indicates that wolf control is sometimes poor biology, often poor economics, and almost always poor public relations.
Victor Van Ballenberghe
Well before the collapse of the Soviet bloc, Ludwig von Mises showed that far from representing the only rational economic system that could remedy the “anarchy” of the market, the socialist planned economy is utterly irrational. Its irrationality is due to the elimination of the essential indices for determining rational production and distribution – namely, prices.
Michael Rectenwald (Springtime for Snowflakes: Social Justice and Its Postmodern Parentage)
But consider a paper published in Science in 2008.1 The authors examined the relationship between math scores and sexual equality in forty countries (based on economic, educational, and political indices of gender equality; the worst was Turkey, the United States was middling, and, naturally, the Scandinavians were tops). Lo and behold, the more gender equal the country, the less of a discrepancy in math scores. By the time you get to the Scandinavian countries, it’s statistically insignificant. And by the time you examine the most gender-equal country on earth at the time, Iceland, girls are better at math than boys.
Robert M. Sapolsky (Behave: The Biology of Humans at Our Best and Worst)
Western civilization still has curb appeal. Things like economic growth, advances in medicine, and an emphasis on human rights seem to indicate that things are in good shape. But something has been added to the mix that serves as the intellectual and spiritual basis for our society. The institutions at the foundation of our way of life don’t seem solid any longer. And the most important of these institutions is the household.
C.R. Wiley (The Household and the War for the Cosmos: Recovering a Christian Vision for the Family)
The evidence from behavior genetics and twin studies indicating that 40 to 50 percent of the variance among people in temperament, personality, and many political, economic, and social preferences are accounted for by genetics.
Michael Shermer (Brain, Belief, and Politics (Cato Unbound Book 92011))
Now and then I am asked as to "what books a statesman should read," and my answer is, poetry and novels—including short stories under the head of novels. I don't mean that he should read only novels and modern poetry. If he cannot also enjoy the Hebrew prophets and the Greek dramatists, he should be sorry. He ought to read interesting books on history and government, and books of science and philosophy; and really good books on these subjects are as enthralling as any fiction ever written in prose or verse. Gibbon and Macaulay, Herodotus, Thucydides and Tacitus, the Heimskringla, Froissart, Joinville and Villehardouin, Parkman and Mahan, Mommsen and Ranke—why! there are scores and scores of solid histories, the best in the world, which are as absorbing as the best of all the novels, and of as permanent value. The same thing is true of Darwin and Huxley and Carlyle and Emerson, and parts of Kant, and of volumes like Sutherland's "Growth of the Moral Instinct," or Acton's Essays and Lounsbury's studies—here again I am not trying to class books together, or measure one by another, or enumerate one in a thousand of those worth reading, but just to indicate that any man or woman of some intelligence and some cultivation can in some line or other of serious thought, scientific or historical or philosophical or economic or governmental, find any number of books which are charming to read, and which in addition give that for which his or her soul hungers. I do not for a minute mean that the statesman ought not to read a great many different books of this character, just as every one else should read them. But, in the final event, the statesman, and the publicist, and the reformer, and the agitator for new things, and the upholder of what is good in old things, all need more than anything else to know human nature, to know the needs of the human soul; and they will find this nature and these needs set forth as nowhere else by the great imaginative writers, whether of prose or of poetry.
Theodore Roosevelt (Theodore Roosevelt: An Autobiography)
Despite the massive intellectual feat that Marx's Capital represents, the Marxian contribution to economics can be readily summarized as virtually zero. Professional economics as it exists today reflects no indication that Karl Marx ever existed. This neither denies nor denigrates Capital as an intellectual achievement, and perhaps in its way the culmination of classical economics. But the development of modern economics had simply ignored Marx. Even economists who are Marxists typically utilize a set of analytical tools to which Marx contributed nothing, and have recourse to Marx only for ideological, political, or historical purposes. In professional economics, Capital was a detour into a blind alley, however historic it may be as the centerpiece of a worldwide political movement. What is said and done in its name is said and done largely by people who have never read through it, much less followed its labyrinthine reasoning from its arbitrary postulates to its empirically false conclusions. Instead, the massive volumes of Capital have become a quasi-magic touchstone—a source of assurance that somewhere and somehow a genius "proved" capitalism to be wrong and doomed, even if the specifics of this proof are unknown to those who take their certitude from it.
Thomas Sowell (Marxism: Philosophy and Economics)
The Bani Yas Arab merchants lived mostly in Deira, on the north side of the creek that divides Dubai. The Persian merchants lived on the south side. The ruler, too, lived on the south side of the creek, in what often is seen as a residential indication of partiality.89
Michael Herb (The Wages of Oil: Parliaments and Economic Development in Kuwait and the UAE)
After the economy collapsed following the mill closure, the townspeople apparently tried to find other ways to make money. The two-block main street has boarded-up signs for the Bead Store Emporium and Nature’s Gifts. She has come to recognize bead stores as indicators of economic doom.
Rene Denfeld (The Enchanted)
No matter how much is done to promote health, more could be done. No matter how safe things have been made, they could be made safer. And no matter how much open space there is, there could be still more. Obvious as this may seem, there are advocates, movements, laws, and policies promoting an open-ended commitment to more of each of these things, without any indication of a limit, or any principle by which a limit might be set, much less any consideration of alternative uses of the resources that some people want devoted to whatever desirable thing they are promoting.
Thomas Sowell (Economic Facts and Fallacies)
An additional indication of economic growth in ancient Greece comes from the major increases in the average size of Greek houses: in the eighth century BC it was 53 square meters; by the sixth century BC it had grown to 122 square meters; and by the fifth century BC it was 325 square meters.54
Rodney Stark (How the West Won: The Neglected Story of the Triumph of Modernity)
This is one of many indications pointing to the great truth which apparently must forever remain unlearned, that if a régime of complete economic freedom be established, social and political freedom will follow automatically; and until it is established neither social nor political freedom can exist. Here one comes in sight of the reason why the State will never tolerate the establishment of economic freedom. In a spirit of sheer conscious fraud, the State will at any time offer its people “four freedoms,” or six, or any number; but it will never let them have economic freedom. If it did, it would be signing its own death-warrant, for as Lenin pointed out, “it is nonsense to make any pretence of reconciling the State and liberty.” Our economic system being what it is, and the State being what it is, all the mass of verbiage about “the free peoples” and “the free democracies” is merely so much obscene buffoonery.
Albert Jay Nock (Memoirs of a Superfluous Man (LvMI))
Ambedkar’s presidential speech elaborated on these themes. He argued forcefully that the multiplicity of castes, races, religions and languages could not come in the way of India’s readiness for independence. His eloquent and scathing indictment of imperialism attacked Britain for the impoverishment of India and for doing nothing to lighten either the burden of untouchability or the exploitation of peasants and workers. Finally, his reference to ‘capitalists’ and ‘landlords’ and his characterization of the Congress leaders as ‘feudalists’ indicate the growing influence of socio-economic radicalism on his thinking.
Gail Omvedt (Ambedkar: Towards an Enlightened India)
Especially for upwardly mobile young females, declaring one's enthusiasm for Austen (whose heroines almost always move up in social and economic status as a result of the sterling marital alliances they form) has been a classic means of indicating one's purported good taste, good breeding, and good sense: I am an especially adorable member of the ruling class.
Terry Castle
But consider a paper published in Science in 2008.1 The authors examined the relationship between math scores and sexual equality in forty countries (based on economic, educational, and political indices of gender equality; the worst was Turkey, the United States was middling, and, naturally, the Scandinavians were tops). Lo and behold, the more gender equal the country, the less of a discrepancy in math scores.
Robert M. Sapolsky (Behave: The Biology of Humans at Our Best and Worst)
Well, yes, and I suppose one could say that architecture has produced both museums and gas chambers, that classical music both stimulates economic activity and inspired the Nazis, and so on. But this strange equivocation between the utilitarian and the nefarious was not applied to other disciplines, and the statement gave no indication that we might have good reasons to prefer understanding and know-how to ignorance and superstition
Steven Pinker (Enlightenment Now: The Case for Reason, Science, Humanism, and Progress)
Many conservatives have succumbed to the heresy of Economism, a mirror-Marxism that holds that man is an economic animal, that free trade and free markets are the path to peace, prosperity, and happiness, that if we can only get the marginal tax rates right and the capital gains tax abolished, Paradise—Dow 36,000!—is at hand. But when the income tax rate for the wealthiest was above 90 percent in the 1950s, America, by every moral and social indicator, was a better country.
Patrick J. Buchanan (The Death of the West: How Dying Populations and Immigrant Invasions Imperil Our Country and Civilization)
When everything is subject to money, then the scarcity of money makes everything scarce, including the basis of human life and happiness. Such is the life of the slave — one whose actions are compelled by threat to survival. Perhaps the biggest indication of our slavery is monetization of time. It is a phenomenon with roots deeper than our money system, for it depends on the prior quantification of time. An animal or a child has "all the time in the world." The same was apparently true for Stone Age peoples, who usually had very loose concepts of time and rarely were in a hurry. Primitive languages often lacked tenses, and sometimes lacked even words for "yesterday" or "tomorrow." The comparative nonchalance primitive people had toward time is still apparent today in rural, more traditional parts of the world. Life moves faster in the big city, where we are always in a hurry because time is scarce. But in the past, we experienced time as abundant.
Charles Eisenstein (Sacred Economics: Money, Gift, and Society in the Age of Transition)
30. Man cannot be exempted from his divinely-imposed obligations toward civil society, and the representatives of authority have the right to coerce him when he refuses without reason to do his duty. Society, on the other hand, cannot defraud man of his God-granted rights, the most important of which We have indicated above. Nor can society systematically void these rights by making their use impossible. It is therefore according to the dictates of reason that ultimately all material things should be ordained to man as a person, that through his mediation they may find their way to the Creator.
Pope Pius XI (Divini Redemptoris: On Atheistic Communism)
But consider a paper published in Science in 2008. The authors examined the relationship between math scores and sexual equality in forty countries (based on economic, educational, and political indices of gender equality; the worst was Turkey, the United States was middling, and, naturally, the Scandinavians were tops). Lo and behold, the more gender equal the country, the less of a discrepancy in math scores. By the time you get to the Scandinavian countries, it’s statistically insignificant. And by the time you examine the most gender-equal country on earth at the time, Iceland, girls are better at math than boys.
Robert M. Sapolsky
I indicated that I had some free time at the moment and was willing to investigate what sounded like a most important case. “How much do you charge?” he asked. “$500 a day, plus expenses.” “Will the expenses make it less?” “Possibly, but in my experience expenses usually add to the total.” He thought about this for a moment, then frowned. “Well, I suppose I should just forget about it then. Spending $500 a day to find something worth $20 wouldn't make economic sense.” “That’s true, if it's just the money you're concerned with here and not the justice angle.” “No, it was the money more than anything else. I guess it would be cheaper to just buy another one.
John Swartzwelder (The Time Machine Did It)
We are told that it should be a preacher’s ambition not only to have “a spirit of wisdom,” but also “a spirit of understanding,” not merely knowledge of principles, but a skill in their practical application. He must be more than seer, he must be architect: he must be more than architect, he must be artisan. His preaching must do more than indicate ideal and goal, it must prepare the way by which the goal is reached. The preacher must be more than “a light to my path,” he must be “a lamp unto my feet.” All of which means that the preacher must be more than an idealist, more than a theologian, more than an evangelist: he must busy himself in the realms of political and social economics.
John Henry Jowett (The Preacher - His Life And Work)
It has often been claimed that there has been very little change in the average real income of American households over a period of decades. It is an undisputed fact that the average real income—that is, money income adjusted for inflation—of American households rose by only 6 percent over the entire period from 1969 to 1996. That might well be considered to qualify as stagnation. But it is an equally undisputed fact that the average real income per person in the United States rose by 51 percent over that very same period.3 How can both these statistics be true? Because the average number of individuals per household has been declining over the years. Half the households in the United States contained six or more people in 1900, as did 21 percent in 1950. But, by 1998, only ten percent of American households had that many people.4 The average number of persons per household not only varies over time, it also varies from one racial or ethnic group to another at a given time, and varies from one income bracket to another. As of 2007, for example, black household income was lower than Hispanic household income, even though black per capita income was higher than Hispanic per capita income, because black households average fewer people than Hispanic households. Similarly, Asian American household income was higher than white household income, even though white per capita income was higher than Asian American per capita income, because Asian American households average more people.5 Income comparisons using household statistics are far less reliable indicators of standards of living than are individual income data because households vary in size while an individual always means one person. Studies of what people actually consume—that is, their standard of living—show substantial increases over the years, even among the poor,6 which is more in keeping with a 51 percent increase in real per capita income than with a 6 percent increase in real household income. But household income statistics present golden opportunities for fallacies to flourish, and those opportunities have been seized by many in the media, in politics, and in academia.
Thomas Sowell (Economic Facts and Fallacies)
Creating a symbiotic (more mutualistic) public-private innovation ecosystem thus requires new methods, metrics and indicators to evaluate public investments and their results. Without the right tools for evaluating investments, governments have a hard time knowing when they are merely operating in existing spaces and when they are making things happen that would not have happened otherwise. The result: investments that are too narrow, constrained by the prevailing path-dependent, techno-economic paradigm. A better way of evaluating a given investment would be to consider the different types of ‘spillovers’, including the creation of new skills and capabilities, and whether it led to the creation of new technologies, sectors and markets.
Mariana Mazzucato (The Entrepreneurial State: Debunking Public vs. Private Sector Myths)
The possibility that liberal society does not represent the simultaneous satisfaction of desire and thymos but instead opens up a grave disjuncture between them is raised by critics on both the Left and the Right. The attack from the Left would maintain that the promise of universal, reciprocal recognition remains essentially unfulfilled in liberal societies, for the reasons just indicated: economic inequality brought about by capitalism ipso facto implies unequal recognition. The attack from the Right would argue that the problem with liberal society is not the inadequate universality of recognition, but the goal of equal recognition itself. The latter is problematic because human beings are inherently unequal; to treat them as equal is not to affirm but to deny their humanity.
Francis Fukuyama (The End of History and the Last Man)
They did not ask to be accepted but declared themselves the Americans that perhaps few others recognized but that they had always been deep within their hearts. NOTES ON METHODOLOGY I began this work because of what I saw as incomplete perceptions, outside of scholarly circles, of what the Great Migration was and how and why it happened, particularly through the eyes of those who experienced it. Because it was so unwieldy and lasted for so long, the movement did not appear to rise to the level of public consciousness that, by any measure, it seemed to deserve. The first question, in my view, had to do with its time frame: what was it, and when precisely did it occur? The Great Migration is often described as a jobs-driven, World War I movement, despite decades of demographic evidence and real-world indicators that it not only continued well into the 1960s but gathered steam with each decade, not ending until the social, political, and economic reasons for the Migration began truly to be addressed in the South in the dragged-out, belated response to the Civil Rights Act of 1964. The second question had to do with where it occurred. The migration from Mississippi to Chicago has been the subject of the most research through the years and has dominated discussion of the phenomenon, in part because of the sheer size of the black influx there and because of the great scholarly interest taken in it by a cadre of social scientists working in Chicago at the start of the Migration. However, from my years as a national correspondent at The New York Times and my early
Isabel Wilkerson (The Warmth of Other Suns: The Epic Story of America's Great Migration)
This is why today a country’s credit rating is far more important to its economic well-being than are its natural resources. Credit ratings indicate the probability that a country will pay its debts. In addition to purely economic data, they take into account political, social and even cultural factors. An oil-rich country cursed with a despotic government, endemic warfare and a corrupt judicial system will usually receive a low credit rating. As a result, it is likely to remain relatively poor since it will not be able to raise the necessary capital to make the most of its oil bounty. A country devoid of natural resources, but which enjoys peace, a fair judicial system and a free government is likely to receive a high credit rating. As such, it may be able to raise enough cheap capital to support a good education system and foster a flourishing high-tech industry.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
We believe that a fundamental measure of our success will be the shareholder value we create over the long term. This value will be a direct result of our ability to extend and solidify our current market leadership position. The stronger our market leadership, the more powerful our economic model. Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity, and correspondingly stronger returns on invested capital. Our decisions have consistently reflected this focus. We first measure ourselves in terms of the metrics most indicative of our market leadership: customer and revenue growth, the degree to which our customers continue to purchase from us on a repeat basis, and the strength of our brand. We have invested and will continue to invest aggressively to expand and leverage our customer base, brand, and infrastructure as we move to establish an enduring franchise.
Brad Stone (The Everything Store: Jeff Bezos and the Age of Amazon)
Yet, during the last forty years, its contributions have been obscured by the rise of ‘macro-economics’, which seeks causal connections between hypothetically measurable entities or statistical aggregates. These may sometimes, I concede, indicate some vague probabilities, but they certainly do not explain the processes involved in generating them. But because of the delusion that macro-economics is both viable and useful (a delusion encouraged by its extensive use of mathematics, which must always impress politicians lacking any mathematical education, and which is really the nearest thing to the practice of magic that occurs among professional economists) many opinions ruling contemporary government and politics are still based on naive explanations of such economic phenomena as value and prices, explanations that vainly endeavour to account for them as ‘objective’ occurrences independent of human knowledge and aims.
Friedrich A. Hayek (The Fatal Conceit: The Errors of Socialism)
The point is that price stability is only one of the indicators of economic stability. In fact, for most people, it is not even the most important indicator. The most destabilizing events in most people’s lives are things like losing a job (or having it radically redefined) or having their houses repossessed in a financial crisis, and not rising prices, unless they are of a hyperinflationary magnitude (hand on heart, can you really tell the difference between a 4 per cent inflation and a 2 per cent one?). This is why taming inflation has not quite brought to most people the sense of stability that the anti-inflationary warriors had said it would. Now, the coexistence of price stability (that is, low inflation) and the increase in non-price forms of economic instability, such as more frequent banking crises and greater job insecurity, is not a coincidence. All of them are the results of the same free-market policy package.
Anonymous
I have now reached the point where I may indicate briefly what to me constitutes the essence of the crisis of our time. It concerns the relationship of the individual to society. The individual has become more conscious than ever of his dependence upon society. But he does not experience this dependence as a positive asset, as an organic tie, as a protective force, but rather as a threat to his natural rights, or even to his economic existence. Moreover, his position in society is such that the egotistical drives of his make-up are constantly being accentuated, while his social drives, which are by nature weaker, progressively deteriorate. All human beings, whatever their position in society, are suffering from this process of deterioration. Unknowingly prisoners of their own egotism, they feel insecure, lonely, and deprived of the naïve, simple, and unsophisticated enjoyment of life. Man can find meaning in life, short and perilous as it is, only through devoting himself to society.
Albert Einstein
The last statement reveals more than may appear at first glance: it indicates that Greenspan's mistake was to expect that the lending institutions' enlightened self-interest would make them act more responsibly, more ethically, in order to avoid short-term self-propelling cycles of wild speculation which, sooner or later, burst like a bubble. In other words, his mistake concerned not the facts, the objective economic data or mechanisms; it concerned rather the ethical attitudes generated by market speculation—in particular the premise that market processes will spontaneously generate responsibility and trust, since it is in the long-term self-interest of the participants themselves to act thusly. Clearly, Greenspan's error was not only and not simply one of overestimating the rationality of market agents—that is, their ability to resist the temptation of making wild speculative gains. What he forgot to include in the equation was the financial speculators' quite rational expectation that the risks would be worth taking, since, in the event of a financial collapse, they could count on the state to cover their losses.
Slavoj Žižek (First as Tragedy, Then as Farce)
…it is certain that there are many things to which our language ascribes meaning indicative of a material substance, where simple contemplation indicates that it is largely referential in nature. The conditions or circumstances in our private, political, social and economic lives are such relations; we speak and behave as if these ‘circumstances’ were as rigid as fate, as immutable as a meteor or the trembling earth beneath our feet. In reality these circumstances are convenient shorthand for the way in which we relate to one another. In order to make it yet more comfortable we employ words of foreign origin, so that we might better obscure the source of the noun through the use of a verb. Speaking then of the state, we regard this word as nothing more than a certain civil-legal construction, existing only at the discretion of our will. This concession to comfort is a great sign of our common understanding, which wouldn’t be possible without this materialization of the fluidity and spirituality of relations. Yet, it is a curse for the attainment of knowledge, because we mistake a mere representation for reality; and so it is a major curse for the type of understanding necessary for the establishment of just human relations in society.
Gustav Landauer
Soviets had their own atomic bomb, Kennan argued that it made no sense for the United States to get into a spiraling nuclear arms race. Like Oppenheimer, he believed that the bomb was ultimately a suicidal weapon and therefore both militarily useless and dangerous. Besides, Kennan was confident that the Soviet Union was politically and economically the weaker of the two adversaries, and that in the long run America could wear down the Soviet system by means of diplomacy and the “judicious exploitation of our strength as a deterrent to world conflict. . . .” Kennan’s eighty-page “personal document” might well have been coauthored with Oppenheimer, reflecting as it did so many of Robert’s views. Indeed, both he and Kennan took its reception as a plunging barometer, indicating the approach of violent political storms. Circulated within the State Department, Kennan’s memo was quietly and firmly rejected by all who read it. Acheson called Kennan into his office one day and said, “George, if you persist in your view on this matter, you should resign from the Foreign Service, assume a monk’s habit, carry a tin cup and stand on the street corner and say, ‘The end of the world is nigh.’ ” Acheson didn’t even bother to show the document to President Truman.
Kai Bird (American Prometheus)
A remarkably consistent finding, starting with elementary school students, is that males are better at math than females. While the difference is minor when it comes to considering average scores, there is a huge difference when it comes to math stars at the upper extreme of the distribution. For example, in 1983, for every girl scoring in the highest percentile on the math SAT, there were eleven boys. Why the difference? There have always been suggestions that testosterone is central. During development, testosterone fuels the growth of a brain region involved in mathematical thinking, and giving adults testosterone enhances some math skills. Oh, okay, it’s biological. But consider a paper published in Science in 2008.1 The authors examined the relationship between math scores and sexual equality in forty countries (based on economic, educational, and political indices of gender equality; the worst was Turkey, the United States was middling, and, naturally, the Scandinavians were tops). Lo and behold, the more gender equal the country, the less of a discrepancy in math scores. By the time you get to the Scandinavian countries, it’s statistically insignificant. And by the time you examine the most gender-equal country on earth at the time, Iceland, girls are better at math than boys.
Robert M. Sapolsky (Behave: The Biology of Humans at Our Best and Worst)
Hunter-gatherers who survive childhood typically live to be old: their most common age of death is between sixty-eight and seventy-two, and most become grandparents or even great-grandparents.70 They most likely die from gastrointestinal or respiratory infections, diseases such as malaria or tuberculosis, or from violence and accidents.71 Health surveys also indicate that most of the noninfectious diseases that kill or disable older people in developed nations are rare or unknown among middle-aged and elderly hunter-gatherers.72 These admittedly limited studies have found that hunter-gatherers rarely if ever get type 2 diabetes, coronary heart disease, hypertension, osteoporosis, breast cancer, asthma, and liver disease. They also don’t appear to suffer much from gout, myopia, cavities, hearing loss, collapsed arches, and other common ailments. To be sure, hunter-gatherers don’t live in perpetually perfect health, especially since tobacco and alcohol have become increasingly available to them, but the evidence suggests that they are healthy compared to many older Americans today despite never having received any medical care. In short, if you were to compare contemporary health data from people around the world with equivalent data from hunter-gatherers, you would not conclude that rising rates of common mismatch diseases such as heart disease and type 2 diabetes are straightforward, inevitable by-products of economic progress and increased longevity. Moreover,
Daniel E. Lieberman (The Story of the Human Body: Evolution, Health and Disease)
Most countries that make great economic and social progress are not democracies. South Korea moved from Level 1 to Level 3 faster than any country had ever done (without finding oil), all the time as a military dictatorship. Of the ten countries with the fastest economic growth in 2016, nine of them score low on democracy. Anyone who claims that democracy is a necessity for economic growth and health improvements will risk getting contradicted by reality. It’s better to argue for democracy as a goal in itself instead of as a superior means to other goals we like. There is no single measure—not GDP per capita, not child mortality (as in Cuba), not individual freedom (as in the United States), not even democracy—whose improvement will guarantee improvements in all the others. There is no single indicator through which we can measure the progress of a nation. Reality is just more complicated than that. The world cannot be understood without numbers, nor through numbers alone. A country cannot function without a government, but the government cannot solve every problem. Neither the public sector nor the private sector is always the answer. No single measure of a good society can drive every other aspect of its development. It’s not either/or. It’s both and it’s case-by-case. Factfulness Factfulness is … recognizing that a single perspective can limit your imagination, and remembering that it is better to look at problems from many angles to get a more accurate understanding and find practical solutions. To control the single perspective instinct, get a toolbox, not a hammer.
Hans Rosling (Factfulness: Ten Reasons We're Wrong About the World—and Why Things Are Better Than You Think)
The notion that communism and Nazism are polar opposites stems from the deeper truth that they are in fact kindred spirits. Or, as Richard Pipes has written, "Bolshevism and Fascism were heresies of socialism". Both ideologies are reactionary in the sense that they try to re-create tribal impulses. Communists champion class, Nazis race, fascists the nation. All such ideologies--we can call them totalitarian for now--attract the same types of people. Hitler's hatred for communism has been opportunistically exploited to signify ideological distance, when in fact it indicated the exact opposite. Today this maneuver has settled into conventional wisdom. But what Hitler hated about Marxism and communism had almost nothing to do with those aspects of communism that we would consider relevant, such as the economic doctrine or the need to destroy the capitalists and bourgeoisie. In these areas Hitler largely saw eye to eye with socialists and communists. His hatred stemmed from his paranoid conviction that the people calling themselves communists were in fact in on a foreign, Jewish conspiracy. He says this over and over again in Mein Kampf. He studied the names of communists and socialists, and if they sounded Jewish, that's all he needed to know. It was all a con job, a ruse, to destroy Germany. Only "authentically" German ideas from authentic Germans could be trusted. And when those Germans, like Feder or Strasser, proposed socialist ideas straight out of the Marxist playbook, he had virtually no objection whatsoever. Hitler never cared much about economics anyway. He always considered it "secondary". What mattered to him was German identity politics.
Jonah Goldberg (Liberal Fascism: The Secret History of the American Left from Mussolini to the Politics of Meaning)
Adam Smith's celebrated work is entitled "The Nature and Causes of the Wealth of Nations." The founder of the prevailing economical school has therein indicated the double point of view from which the economy of nations, like that of private separate individuals, should be regarded. The CAUSES of wealth are something TOTALLY DIFFERENT from wealth itself. A person may possess wealth, i.e. exchangeable value; if, however, he does not possess the power of producing objects of more value than he consumes, he will become poorer. A person may be poor; if he, however, possesses the power of producing a larger amount of valuable articles than he consumes, he becomes rich. The power of PRODUCING wealth is therefore infinitely more important than wealth itself; it ensures not only the possession and the increase of what has been gained, but also the replacement of what has been lost. This is still more the case with entire nations (who cannot live out of mere rentals) than with private individuals. Germany has been devastated in every century by pestilence, by famine, or by civil or foreign wars; she has, nevertheless, always retained a great portion of her powers of production, and has thus quickly reattained some degree of prosperity; while rich and mighty but despot- and priest-ridden Spain, notwithstanding her comparative enjoyment of internal peace, has sunk deeper into poverty and misery. The same sun still shines on the Spaniards, they still possess the same area of territory, their mines are still as rich, they are still the same people as before the discovery of America, and before the introduction of the Inquisition; but that nation has gradually lost her powers of production, and has therefore become poor and miserable.
Friedrich List (The National System of Political Economy - Imperium Press)
Almost all official statistics and policy documents on wages, income, gross domestic product (GDP), crime, unemployment rates, innovation rates, cost of living indices, morbidity and mortality rates, and poverty rates are compiled by governmental agencies and international bodies worldwide in terms of both total aggregate and per capita metrics. Furthermore, well-known composite indices of urban performance and the quality of life, such as those assembled by the World Economic Forum and magazines like Fortune, Forbes, and The Economist, primarily rely on naive linear combinations of such measures.6 Because we have quantitative scaling curves for many of these urban characteristics and a theoretical framework for their underlying dynamics we can do much better in devising a scientific basis for assessing performance and ranking cities. The ubiquitous use of per capita indicators for ranking and comparing cities is particularly egregious because it implicitly assumes that the baseline, or null hypothesis, for any urban characteristic is that it scales linearly with population size. In other words, it presumes that an idealized city is just the linear sum of the activities of all of its citizens, thereby ignoring its most essential feature and the very point of its existence, namely, that it is a collective emergent agglomeration resulting from nonlinear social and organizational interactions. Cities are quintessentially complex adaptive systems and, as such, are significantly more than just the simple linear sum of their individual components and constituents, whether buildings, roads, people, or money. This is expressed by the superlinear scaling laws whose exponents are 1.15 rather than 1.00. This approximately 15 percent increase in all socioeconomic activity with every doubling of the population size happens almost independently of administrators, politicians, planners, history, geographical location, and culture.
Geoffrey West (Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life, in Organisms, Cities, Economies, and Companies)
We all know that there are harsh passages toward others in the Bible as well: dispossess the Canaanites, destroy Jericho, etc. But, as I said earlier, the evidence on the ground indicates that most of that (the Conquest) never happened. Likewise in the case of the destruction of the Midianites, as I described in Chapter 4, this was a story in the Priestly (P) source written as a polemic against any connection between Moses and Midian. It is a polemical story in literature, not a history of anything that actually happened. At the time that the Priestly author wrote the instruction to kill the Midianites, there were not any Midianites in the region. The Midianite league had disappeared at least four hundred years earlier. As we saw in Chapter 2, it was an attested practice in that ancient world to claim to have wiped out one's enemies when no such massacre had actually occurred. King Merneptah of Egypt did it. King Mesha of Moab did it. And, so there is no misunderstanding, the purpose of bringing up those parallels is not to say that it was all right to do so. It is rather to recognize that, even in what are possibly the worst passages about warfare in the Bible, those stories do not correspond to any facts of history. They are the words of an author writing about imagined events of a period centuries before his own time. And, even then, they are laws of war only against specific peoples: Canaanites, Amalekites, and Midianites, none of whom exist anymore. So they do not apply to anyone on earth. The biblical laws concerning war in general, against all other nations, for all the usual political and economic reasons that nations go to war, such as wars of defense or territory, do not include the elements that we find shocking about those specific cases. ... Now one can respond that even if these are just fictional stories they are still in the Bible, after all, and can therefore be regarded as approving of such devastating warfare. That is a fair point to raise. I would just add this caution: when people cherry-pick the most offensive passages in the Bible in order to show that it is bad, they have every right to point to those passages, but they should acknowledge that they are cherry-picking, and they should pay due recognition to the larger--vastly larger--ongoing attitude to aliens and foreigners. In far more laws and cases, the principle of treatment of aliens is positive.
Richard Elliott Friedman (The Exodus)
The story of Cassius Clay’s lost bicycle would later be told as an indication of the boxer’s determination and the wonders of accidental encounters, but it carries broader meaning, too. If Cassius Clay had been a white boy, the theft of his bicycle and an introduction to Joe Martin might have led as easily to an interest in a career in law enforcement as boxing. But Cassius, who had already developed a keen understanding of America’s racial striation, knew that law enforcement wasn’t a promising option. This subject—what white America allowed and expected of black people—would intrigue him all his life. “At twelve years old I wanted to be a big celebrity,” he said years later. “I wanted to be world famous.” The interviewer pushed him: Why did he want to be famous? Upon reflection he answered from a more adult perspective: “So that I could rebel and be different from all the rest of them and show everyone behind me that you don’t have to Uncle Tom, you don’t have to kiss you-know-what to make it . . . I wanted to be free. I wanted to say what I wanna say . . . Go where I wanna go. Do what I wanna do.” For young Cassius, what mattered was that boxing was permitted, even encouraged, and that it gave him more or less equal status to the white boys who trained with him. Every day, on his way to the gym, Cassius passed a Cadillac dealership. Boxing wasn’t the only way for him to acquire one of those big, beautiful cars in the showroom window, but it might have seemed that way at the time. Boxing suggested a path to prosperity that did not require reading and writing. It came with the authorization of a white man in Joe Martin. It offered respect, visibility, power, and money. Boxing transcended race in ways that were highly unusual in the 1950s, when black Americans had limited control of their economic and political lives. Boxing more than most other sports allowed black athletes to compete on level ground with white athletes, to openly display their strength and even superiority, and to earn money on a relatively equal scale. As James Baldwin wrote in The Fire Next Time, many black people of Clay’s generation believed that getting an education and saving money would never be enough to earn respect. “One needed a handle, a lever, a means of inspiring fear,” Baldwin wrote. “It was absolutely clear the police would whip you and take you in as long as they could get away with it, and that everyone else—housewives, taxi
Jonathan Eig (Ali: A Life)
Myself and my colleague Guy Madison (Dutton & Madison, 2017) inadvertently provided evidence for the Finnish inferiority complex in a study we did of every marriage between a Finn and a foreigner that took place in Finland in the year 2013. On average, males and females operate different sexual selection strategies. Males have nothing to lose from the sexual encounter, so it makes sense for them, if they can get away with it, to have as much sex as possible with as many different women as possible in order to maximise the probability that their genes will be passed on. Accordingly, they select for youth and beauty, as these are markers of fertility and health. The essence of beauty is a symmetrical face and a such face implies a low level of mutant genes and thus sound genetic health. Females operate differently. As we discussed briefly earlier, they have a great deal to lose from the sexual encounter, because they can become pregnant, which carries with it a range of social and physical costs. This makes them more selective. Specifically, they are sexually attracted to high status men as these men will have the resources to provide for them and their child, meaning that both of them are more likely to survive (Buss, 1989). So, socioeconomically, women ‘marry up’ (hypergamously) and men ‘marry down’ (hypogamously). We would expect that nationality would be an aspect of status. We tested this by ranking different nationalities based on various criteria and especially how wealthy a country was. We predicted that, among marriages between a Finn and a foreigner, Finnish women would to a greater extent marry men that were from countries ranked as higher status than Finland while Finnish men would disproportionately marry women from lower status countries. This is, overall, what we found. However, we specifically found that, whatever the objective national status differences, Finnish women married Western European and Anglophone (USA, Canada and so on) men while Finnish men married Eastern European and East Asian (including Japanese) women. This would imply, whatever the economic reality, that Finns regard themselves as inferior to pretty much all Western Europeans. It also indicates that the Japanese – who are far wealthier than the Finns – regard themselves as inferior to the Finns, presumably because there is some idolization of whiteness or, possibly, as has been argued by a Japanese anthropologist, the Japanese specifically adore Finnish culture (Mitsui, 2012).
Edward Dutton (The Silent Rape Epidemic: How the Finns Were Groomed to Love Their Abusers)
The radial patterning of Protestantism allows us to use a county’s proximity to Wittenberg to isolate—in a statistical sense—that part of the variation in Protestantism that we know is due to a county’s proximity to Wittenberg and not to greater literacy or other factors. In a sense, we can think of this as an experiment in which different counties were experimentally assigned different dosages of Protestantism to test for its effects. Distance from Wittenberg allows us to figure out how big that experimental dosage was. Then, we can see if this “assigned” dosage of Protestantism is still associated with greater literacy and more schools. If it is, we can infer from this natural experiment that Protestantism did indeed cause greater literacy.16 The results of this statistical razzle-dazzle are striking. Not only do Prussian counties closer to Wittenberg have higher shares of Protestants, but those additional Protestants are associated with greater literacy and more schools. This indicates that the wave of Protestantism created by the Reformation raised literacy and schooling rates in its wake. Despite Prussia’s having a high average literacy rate in 1871, counties made up entirely of Protestants had literacy rates nearly 20 percentile points higher than those that were all Catholic.18 FIGURE P.2. The percentage of Protestants in Prussian counties in 1871.17 The map highlights some German cities, including the epicenter of the Reformation, Wittenberg, and Mainz, the charter town where Johannes Gutenberg produced his eponymous printing press. These same patterns can be spotted elsewhere in 19th-century Europe—and today—in missionized regions around the globe. In 19th-century Switzerland, other aftershocks of the Reformation have been detected in a battery of cognitive tests given to Swiss army recruits. Young men from all-Protestant districts were not only 11 percentile points more likely to be “high performers” on reading tests compared to those from all-Catholic districts, but this advantage bled over into their scores in math, history, and writing. These relationships hold even when a district’s population density, fertility, and economic complexity are kept constant. As in Prussia, the closer a community was to one of the two epicenters of the Swiss Reformation—Zurich or Geneva—the more Protestants it had in the 19th century. Notably, proximity to other Swiss cities, such as Bern and Basel, doesn’t reveal this relationship. As is the case in Prussia, this setup allows us to finger Protestantism as driving the spread of greater literacy as well as the smaller improvements in writing and math abilities.
Joseph Henrich (The WEIRDest People in the World: How the West Became Psychologically Peculiar and Particularly Prosperous)
Statistical discrimination explains why the police in the United States justify stopping black drivers more often. And how the Hindu majoritarian government of the state of Uttar Pradesh recently explained why so many of the people “accidentally” killed by the state police (in what are called “encounter deaths”) are Muslim. There are more blacks and Muslims among criminals. In other words, what looks like naked racism does not have to be that; it can be the result of targeting some characteristic (drug dealing, criminality) that happens to be correlated with race or religion. So statistical discrimination, rather than old-fashioned prejudice—what economists call taste-based discrimination—may be the cause. The end result is the same if you are black or Muslim, though. A recent study on the impact of “ban the box” (BTB) policies on the rate of unemployment of young black men provides a compelling demonstration of statistical discrimination. BTB policies restrict employers from using application forms where there is a box that needs to be checked if you have a criminal conviction. Twenty-three states have adopted these policies in the hope of raising employment among young black men, who are much more likely to have a conviction than others and whose unemployment rate is double the national average.31 To test the effect of these policies, two researchers sent fifteen thousand fictitious online job applications to employers in New Jersey and New York City, just before and right after the states of New York and New Jersey implemented the BTB policy.32 They manipulated the perception of race by using typically white or typically African American first names on the résumés. Whenever a job posting required indicating whether or not the applicant had a prior felony conviction, they also randomized whether he or she had one. They found, as many others before them, clear discrimination against blacks in general: white “applicants” received about 23 percent more callbacks than black applicants with the same résumé. Unsurprisingly, among employers who asked about criminal convictions before the ban, there was a very large effect of having a felony conviction: applicants without a felony conviction were 62 percent more likely to be called back than those with a conviction but an otherwise identical résumé, an effect similar for whites and blacks. The most surprising finding, however, was that the BTB policy substantially increased racial disparities in callbacks. White applicants to BTB-affected employers received 7 percent more callbacks than similar black applicants before BTB. After BTB, this gap grew to 43 percent. The reason was that without the actual information about convictions, the employers assumed all black applicants were more likely to have a conviction. In other words, the BTB policy led employers to rely on race to predict criminality, which is of course statistical discrimination.
Abhijit V. Banerjee (Good Economics for Hard Times: Better Answers to Our Biggest Problems)
FIVE SIGNS OF OIKOS Another pattern we’ve seen is that MCs that really become extended families on mission have several common elements. We call these the Five Signs of oikos. These five markers give us an indication that we are functioning well together as an extended family on mission. If these five things are happening fairly regularly (perhaps weekly or so), in organized or organic ways, we will be on our way to cultivating oikos. 1) EATING TOGETHER Families on mission eat together a lot. There’s something inherently community-fostering about sitting down at a table together, or hanging around a barbecue grill, or just talking with snacks and drinks around. We often add food to the gathering even if it isn’t at a prescribed mealtime. It’s worth the preparation and cleanup required. 2) PLAYING TOGETHER Families on mission laugh together a lot because they are often having fun. It should be fun to belong to the family. All purpose and no play make for a dull MC! Make sure you’re playing as hard as you’re working. 3) GOING ON MISSION TOGETHER Families on mission have a mission, obviously, so they are often engaging in mission together, in organized events as well as informal conversations. All play and no purpose make for a pointless MC! Make sure people know why you exist as a community. 4) PRAYING TOGETHER Families on mission pray and worship together regularly, reading Scripture and listening to God together, because our connection to Jesus and one another is what makes our MC something worth belonging to. 5) SHARING RESOURCES Families on mission share their resources. This doesn’t necessarily mean we have a common purse, but there is some degree of sharing our resources with one another, because this is what families do. This might be people sharing a lawnmower, or pitching in to help someone pay an unexpected medical bill, or simply bringing food to share when we eat together. There is something about economic sharing that fosters a sense of family.
Mike Breen (Leading Missional Communities)
Your laptop is a note in a symphony currently being played by an orchestra of incalculable size. It’s a very small part of a much greater whole. Most of its capacity resides beyond its hard shell. It maintains its function only because a vast array of other technologies are currently and harmoniously at play. It is fed, for example, by a power grid whose function is invisibly dependent on the stability of a myriad of complex physical, biological, economic and interpersonal systems. The factories that make its parts are still in operation. The operating system that enables its function is based on those parts, and not on others yet to be created. Its video hardware runs the technology expected by the creative people who post their content on the web. Your laptop is in communication with a certain, specified ecosystem of other devices and web servers. And, finally, all this is made possible by an even less visible element: the social contract of trust—the interconnected and fundamentally honest political and economic systems that make the reliable electrical grid a reality. This interdependency of part on whole, invisible in systems that work, becomes starkly evident in systems that don’t. The higher-order, surrounding systems that enable personal computing hardly exist at all in corrupt, third-world countries, so that the power lines, electrical switches, outlets, and all the other entities so hopefully and concretely indicative of such a grid are absent or compromised, and in fact make little contribution to the practical delivery of electricity to people’s homes and factories. This makes perceiving the electronic and other devices that electricity theoretically enables as separate, functional units frustrating, at minimum, and impossible, at worst. This is partly because of technical insufficiency: the systems simply don’t work. But it is also in no small part because of the lack of trust characteristic of systemically corrupt societies. To put it another way: What you perceive as your computer is like a single leaf, on a tree, in a forest—or, even more accurately, like your fingers rubbing briefly across that leaf. A single leaf can be plucked from a branch. It can be perceived, briefly, as a single, self-contained entity—but that perception misleads more than clarifies. In a few weeks, the leaf will crumble and dissolve. It would not have been there at all, without the tree. It cannot continue to exist, in the absence of the tree. This is the position of our laptops in relation to the world. So much of what they are resides outside their boundaries that the screened devices we hold on our laps can only maintain their computer-like façade for a few short years. Almost everything we see and hold is like that, although often not so evidently
Jordan B. Peterson (12 Rules for Life: An Antidote to Chaos)
research by my University of Michigan colleague Shirli Kopelman and others indicates that negotiators who make the first offer do better economically but are less satisfied with outcomes because they feel more anxiety. (“Resolving the First-Offer Dilemma,” Negotiation, July 2007)
George J. Siedel (Negotiating for Success: Essential Strategies and Skills)
Fieldking rotavator is better as it saves fuel, Time, soil compaction & wear and tear of the tractor as it accomplishes better pulverization in no time. And with Robust Multi Speed now no need for multiple operations of the cultivator, disc harrow, and leveler. Fielding Rotary Tillers is economical series and it can be coupled with 30 to 60 HP tractors quite easily. It is mainly intended with a rigid structure, multi-speed Gearbox, Visual Oil Level Indicator, Features of Fielding Rotavator Innovation – neatly designed keeping in mind minimum diesel consumption & breakages Better Production – It helps in holding wet of the soil and will increase soil porousness and aeration which boosts germination and growth of crops. Hard truth – Rigid structure, Multi-speed shell, Mechanical oil seal, Advanced designed Front support and serious duty back guard (Trialing board) makes it appropriate and effectively on object yet as in wet and paddy condition. Technically advanced – It specially installs with Spiral shapes of the rotor assembly to cut back the load on tractors, scale back fuel consumption and avoids tire slippage. Smartly Placed – Visual oil level indicator, scale back the possibilities to breakage of gears thanks to inaccessibility of minimum oil level within gear transmission. King of Crop – It makes the simplest bed to victimization at before and once rain. it’s in the main appropriate for every type of crops like cotton, castor, vegetable, sugarcane, banana, wheat, maize, and paddy. Easy to use – It will simply take away residues components of the previous crop, cut into items and completely combine it them into the soil in kind of organic manure to extend productivity. Long life – Powder coated glorious resistance to corrosion, maintains the machine in just-bought condition for a extended amount.
Julia Smith
The UPA government, instead of implementing the Supreme Court order—which would have been the defining indicator of its bona fides in retrieving the black money looted from the people of India— instead demanded a recall of the order. This establishes its complete mala fide, connivance and conspiracy, and confirms that it has no intention of taking any substantive steps to recover the black money stashed away abroad, or take any serious action to combat this grievous economic crime impoverishing our nation—the 21st century version of UPA imperialism. The nation should be informed that no investigation has taken place regarding the issues before it since the Supreme Court judgement, but the finance minister chose to conceal these extremely pertinent facts in his Paper. The White Paper coyly discussed the dimensions of black money stashed away abroad by quoting statistics that are more than a decade old, saying that these are being researched upon by three agencies whose report is expected in September 2012. From this it would appear that the government had no knowledge of the quantum of black money lying abroad. One wonders why the government presented the paper at this stage. Interestingly, the Paper officially disclosed a figure regarding Indian accounts held with Swiss banks, at around only US $213 billion (as against $88 billion projected by the International Monetary Fund, and $213.2 billion by GFI), down 60% between 2006 and 2010. A reasonable conclusion that can be drawn is that black money holders, in anticipation of international and national public pressure (not governmental) transferred their money to other safe havens, the safest, it is said, being India. The last two years have seen several enabling statutes and mechanisms to stealthily repatriate the ill-gotten wealth back to India. I am also given to understand that there is evidence of a huge disparity between export figures, particularly of metals quoted by the government, and actual exports through data available from independent sources. The same applies to figures regarding FIIs. The game is clear. Use every government tool and instrument available to repatriate the money to India, without disclosure, culpability or punishment. There must be ways, and ways that we can never fathom or document, but the black money holders control legislation, either through being important politicians, or big businesses, who can buy safe passage, necessary loopholes and escape routes through statute or legislation. The finance minister through his negligence and active cooperation with the criminals allowed the stolen money to be removed from the accounts in which it was held and only a small fraction now remains, which too he is determined to place beyond the reach of the people of India who are its legitimate owners.
Ram Jethmalani (RAM JETHMALANI MAVERICK UNCHANGED, UNREPENTANT)
Though India has progressed further on per capita income than countries such as Bangladesh, Sri Lanka, Nepal and Bhutan, so far as social indicators are concerned, it is found deficient. This sordid situation has come about primarily due to erroneous prioritization of economic policy. Admittedly,
Asok Kumar Ganguly (Landmark Judgments That Changed India)
But for this, we need a new development model. We have designed an economic system that sees no value in any human or natural resource unless it is exploited. A river is unproductive until its catchment is appropriated by some industry or its waters are captured by a dam. An open field and its natural bounty are useless until they are fenced. A community of people have no value unless their life is commercialised, their needs are turned into consumer goods, and their aspirations are driven by competition. In this approach, development equals manipulation. By contrast, we need to understand development as something totally different: development is care. It is through a caring relationship with our natural wealth that we can create value, not through its destruction. It is thanks to a cooperative human-to-human interaction that we can achieve the ultimate objective of development, that is, wellbeing. In this new economy, people will be productive by performing activities that enhance the quality of life of their peers and the natural ecosystems in which they live. If not for moral reasons, they should do so for genuine self-interest: there is nothing more rewarding than creating wellbeing for oneself and society. This is the real utility, the real consumer surplus, not the shortsighted and self-defeating behaviour promoted by the growth ideology. The wellbeing economy is a vision for all countries. There are cultural traces of such a vision in the southern African notion of ‘ubuntu’, which literally means ‘I am because you are’, reminding us that there is no prosperity in isolation and that everything is connected. In Indonesia we find the notion of ‘gotong royong’, a conception of development founded on collaboration and consensus, or the vision of ‘sufficiency economy’ in Thailand, Bhutan and most of Buddhist Asia, which indicates the need for balance, like the Swedish term ‘lagom’, which means ‘just the right amount’. Native Alaskans refer to ‘Nuka’ as the interconnectedness of humans to their ecosystems, while in South America, there has been much debate about the concept of ‘buen vivir’, that is, living well in harmony with others and with nature.
Lorenzo Fioramonti (Wellbeing Economy: Success in a World Without Growth)
low-skilled workers and low-income families because public supports are particularly important for these persons’ well-being and because their experiences of the welfare state are revealing indicators of the robustness of the system itself
Steven Rathgeb Smith (Old Assumptions, New Realities: Ensuring Economic Security for Working Families in the 21st Century (A West Coast Poverty Center Volume))
This is why today a country’s credit rating is far more important to its economic well-being than are its natural resources. Credit ratings indicate the probability that a country will pay its debts.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
The term "productivity" is an economic measure referring to averages, not the well-being of individuals. Excess fertility and musculature are not the criteria that we use to judge the well-being of human beings, and they are not indices of avian well-being either. They more likely signify the opposite.
Karen Davis (Prisoned Chickens Poisoned Eggs: An Inside Look at the Modern Poultry Industry)
Focusing on individual and aggregate happiness was here, for everyone with eyes to see, an obvious strategy to side-line an deflect attention from more objective and complex socio-economic indicators of welfare and the good life, such as redistribution of income, material inequalities, social segregation, gender inequity, democratic health, corruption and transparency, objective vs. perceived opportunities, social aids, or unemployment rates. Israelies, for another example, like to proudly exhibit their very high ranking in world indicators of happiness, as if these rankings could conceal the fact that their country has one of the highest levels in equality in the world and lives with an ongoing Occupation.
Eva Illouz
Psychological consultants" (The propaganda) organization can be the integration of an entire population into cells by agents in each block of residences; in that case. It operates inside a society by integrating the whole social body. (Of course this is accompanied by all the psychological work needed to press people into cells.) Or an effective transformation can be made in the economic political, or social domain. We know that the propagandist is also a psychological consultant to governments; he indicates what measures should or should not be taken to facilitate certain psychological manipulations. It is too often believed that propaganda serves the purpose of sugar-coating bitter pills, of making people accept policies they would not accept spontaneously. But in most cases propaganda seeks to point out courses of action desirable in themselves, such as helpful reforms. Propaganda then becomes this mixture of the actual satisfaction given to the people by the reforms and subsequent exploitation of that satisfaction.
Jacques Ellul (Propaganda: The Formation of Men's Attitudes)
When studies using mental ability test scores from children are considered, the heritability of mental ability is typically found to be about .40, and the effect of the common or shared environment is found to be almost as strong, about .35. In contrast, when studies using mental ability test scores from adults (or older adolescents) are considered, estimates of the heritability of mental ability are much higher, typically about .65, whereas estimates of common or shared environment effects are much lower, probably under .20 (see review by Haworth et al., 2010). These findings indicate that differences among children in their levels of mental ability are attributable almost as much to their common environment—that is, to features of their family or household circumstances—as to their genetic inheritances. However, the findings also suggest that as children grow up, the differences among them in mental ability become less strongly related to the features of their common environments, and more strongly related to their genetic inheritances. In other words, the effect on one's mental ability of the family or household in which one is reared tends to become less important as one grows up, so that by adulthood one's level of mental ability is heavily dependent on one's genetic characteristics. It is as if one's level of mental ability—relative to that of other persons of the same age—can be raised (or lowered) during childhood by a particularly good (or poor) home environment, but then gradually returns to the level that one's genes tend to produce. The aforementioned findings are based mainly on samples of participants who belong to the broad middle class of modern Western countries. There is some evidence, though, that the heritability of IQ tends to be somewhat lower (at least until young adulthood, and perhaps beyond) when studies are conducted using participants of less enriched environments, such as those in economically underdeveloped countries or in the lowest socioeconomic classes of some Western countries (see review by Nisbett et al., 2012). One recent study (Tucker-Drob & Bates, 2016) found that in the United States, additive genetic influences had a weaker influence on IQ among persons of low socioeconomic status than among persons of high socioeconomic status. (Interestingly, Tucker-Drob and Bates did not find this effect in western European countries or in Australia, where socioeconomic status differences tend to be smaller.) The above findings suggest that whenever the heritability of IQ is discussed, it is important to consider the ages of the persons being examined as well as their socioeconomic status and their country.
Michael C. Ashton (Individual Differences and Personality)
The disruption of those social ties disproportionately affects girls and women.11 What happens when you feel less connected to your neighborhood, less trusting of the people who live next door or down the street? If you’re a guy, then maybe you just stay home and spend a few extra hours playing your video games or put some extra time into your fantasy football league. Girls and women seem to need that network of human connection more, so they miss it more when it’s not there. Professor Twenge examined the correlation between 16 different indicators and the likelihood that a woman is feeling anxious. She found that lack of social trust is the highest predictor of anxiety—higher than the divorce rate, higher than the unemployment rate, and more important than economic conditions generally.12
Leonard Sax (Girls on the Edge: The Four Factors Driving the New Crisis for Girls-Sexual Identity, the Cyberbubble, Obsessions, Envi)
If one searches newspapers of the twentieth century for contemporary explanations of recessions as they begin, one finds that most talk concerns leading indicators rather than ultimate causes. For example, economists tend to bring up central bank policy, or confidence indexes, or the level of unsold inventories. But if asked what caused the changes in these leading indicators, they are typically silent. It is usually changing narratives that account for these changes, but there is no professional consensus regarding the most impactful narratives through time. Economists are reluctant to bring up popular narratives that they have heard that seem important and relevant to forecasts, since their only source about the narratives is hearsay, friends’ or neighbors’ talk. They usually have no way of knowing whether similar narratives were extant in past economic events. So, in their analyses, they do not mention changing narratives at all, as if they did not exist.
Robert J. Shiller (Narrative Economics: How Stories Go Viral and Drive Major Economic Events)
The studies from which most national discussion of buying power come are to be credited for being clear that their reports do not in any way relate to what most think of as genuine economic strength. They do point out that their work is not an assessment of wealth, income, ownership, and so on, the true indicators of economic strength.
Jared A. Ball (The Myth and Propaganda of Black Buying Power)
In the part of Connecticut where I live today we literally have crumbling foundations everywhere. The reason is a mineral that went undetected in a concrete mix from a local quarry. For years this quarry churned out the bad mix and no one knew—not even the owners of the quarry. In some cases million-dollar homes that look fine from the street stand condemned. Metaphorically, something similar has occurred in our culture. Western civilization still has curb appeal. Things like economic growth, advances in medicine, and an emphasis on human rights seem to indicate that things are in good shape. But something has been added to the mix that serves as the intellectual and spiritual basis for our society. The institutions at the foundation of our way of life don’t seem solid any longer. And the most important of these institutions is the household
C.R. Wiley (The Household and the War for the Cosmos: Recovering a Christian Vision for the Family)
There are distinctions to be made between those institutionalists who favored commissions and other similar devices, and those in favor of more comprehensive types of planning (Barber 1994). The greatest emphasis on planning came largely in the context of the Great Depression and from Tugwell, Means, and Ezekiel. Clark argued for countercyclical public works programs, and Mitchell for more modest indicative planning. Such disagreements over specific policy instruments, however, could be accommodated within the general ideal of a pragmatic and experimental approach to social control.
Malcolm Rutherford (The Institutionalist Movement in American Economics, 1918–1947: Science and Social Control (Historical Perspectives on Modern Economics))
Although these protests indicate growing inequalities that belie the official success story, they cannot be reduced to economic issues. The dissatisfaction they express indicates the growing (normative) expectations of how our societies should function, expectations that also concern “non-economic” issues like collective or individual freedoms, dignity, even meaningful life. Something that was till recently accepted as normal (a certain degree of poverty, full state sovereignty, etc.) is increasingly perceived as a wrong to be combatted.
Slavoj Žižek (Heaven in Disorder)
The official chronicler of business cycles in the United States, the National Bureau of Economic Research, a not-for-profit group founded in 1920, would declare, though many months later, that a recession had set in that August. But in September, no one was aware of it. There were the odd signs of economic slowdown, especially in some of the more interest-rate-sensitive sectors - automobile sales had peaked and construction had been down all year, but most short-term indicators, for example, steel production or railroad freight car loadings, remained exceptionally strong. By the middle of the month, the market was back at its highs and Babson's forecast of a crash had been thoroughly discredited.
Liaquat Ahamed (Lords of Finance: The Bankers Who Broke the World)
Others argue that he was operating with what might be called a faulty speedometer for gauging monetary policy. The usual indicators that he relied upon suggested that conditions were very easy - short-term rates were truly low and banks flush with excess cash. The problem was that some of these measures were now giving off the wrong signals. For example, when banks overflowed with surplus cash, this was generally an index, in a more stable and settled economic environment, the Fed had pushed more than enough reserves into the system to restart it. In 1930, however, in the wake of the crash, banks had begun carrying larger cash balances as a precaution against further disasters, and excess bank reserves were more a symptom of how gun-shy banks had become and less how easy the Fed had been.
Liaquat Ahamed (Lords of Finance: The Bankers Who Broke the World)
To understand the social meaning of the prison today within the context of a developing prison industrial complex means that punishment has to be conceptually severed from its seemingly indissoluble link with crime. How often do we encounter the phrase "crime and punishment"? To what extent has the perpetual repetition of the phrase "crime and punishment" in literature, as titles of television shows, both fictional and documentary, and in everyday conversation made it extremely difficult to think about punishment beyond this connection? How have these portrayals located the prison in a causal relation to crime as a natural, neces-sary, and permanent effect, thus inhibiting serious debates about the viability of the prison today? The notion of a prison industrial complex insists on understandings of the punishment process that take into account economic and political structures and ideologies, rather than focusing myopically on individual criminal conduct and efforts to "curb crime." The fact, for example, that many corporations with global markets now rely on prisons as an important source of profit helps us to understand the rapidity with which prisons began to proliferate precisely at a time when official studies indicated that the crime rate was falling. The notion of a prison industrial complex also insists that the racialization of prison populations--and this is not only true of the United States, but of Europe, South America, and Australia as well--is not an incidental feature. Thus, critiques of the prison industrial complex undertaken by abolitionist activists and scholars are very much linked to critiques of the global persistence of racism. Antiracist and other social justice movements are incomplete with attention to the politics of imprisonment.
Angela Y. Davis (Are Prisons Obsolete?)
Not many people commit suicide, but many people act as if their lives are not very valuable to them. They risk actual death or social death by gambling their present circumstances on a small chance of future payoff, in a manner that is not actuarially sound. They choose, with their economic decisions, to believe in a counterfactual world, indicating dissatisfaction with the real world. They palliate present suffering in a manner that harms future prospects. This gamble/palliate behavior [...] indicates that, rather than valuing life as a precious gift, people frequently treat life as having a zero or negative value with their actual actions.
Sarah Perry (Every Cradle is a Grave: Rethinking the Ethics of Birth and Suicide)
As, I think, you will concede, Miss Taggart, there now seems to be no economic justification for the continued existence of a railroad line in Minnesota, which . . .” “And even Miss Taggart will, I’m sure, agree that certain temporary retrenchments seem to be indicated, until . . .” “Nobody, not even Miss Taggart, will deny that there are times when it is necessary to sacrifice the parts for the sake of the whole . . .” As she listened to the mentions of her name tossed into the conversation at half-hour intervals, tossed perfunctorily, with the speaker’s eyes never glancing in her direction, she wondered what motive had made them want her to be present. It was not an attempt to delude her into believing that they were consulting her, but worse: an attempt to delude themselves into believing that she had agreed. They asked her questions at times and interrupted her before she had completed the first sentence of the answer. They seemed to want her approval, without having to know whether she approved or not. Some crudely childish form of self-deception had made them choose to give to this occasion the decorous setting of a formal dinner. They acted as if they hoped to gain, from the objects of gracious luxury, the power and the honor of which those objects had once been the product and symbol—they acted, she thought, like those savages who devour the corpse of an adversary in the hope of acquiring his strength and his virtue.
Ayn Rand (Atlas Shrugged)
Those who could afford the resources to maintain bourgeois styles of cleanliness flaunted it. White shirts, white dresses, and white gloves were all powerful indications of wealth in turn-of-the-twentieth-century America. They said, “I don’t have to do my own laundry,” and they said it loudly.
Bradford DeLong (Slouching Towards Utopia: An Economic History of the Twentieth Century)
But let us imagine what we would think of opinion polls if the questions came in pairs, indicating what people “believe” and what they “know” about the subject. If I may make up some figures, let us suppose we read the following: “The latest poll indicates that 72 percent of the American public believes we should withdraw economic aid from Nicaragua. Of those who expressed this opinion, 28 percent thought Nicaragua was in central Asia, 18 percent thought it was an island near New Zealand, and 27.4 percent believed that ‘Africans should help themselves,’ obviously confusing Nicaragua with Nigeria. Moreover, of those polled, 61.8 percent did not know that we give economic aid to Nicaragua, and 23 percent did not know what ‘economic aid’ means.
Neil Postman (Technopoly: The Surrender of Culture to Technology)
once an economic indicator gets too popular, it loses its predictive value.
Ruchir Sharma (Breakout Nations: In Pursuit of the Next Economic Miracles)