Quotes for All
I am interested in the political economy of institutional power relationships in transition. The question is one of reconstructive communities as a cultural, as well as a political, fact: how geographic communities are structured to move in the direction of the next vision, along with the question of how a larger system – given the … Read more
The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove … Read more
He who attempts to draw any conclusion whatever as to the nation’s wealth or poverty from the mere fact of a favorable or unfavorable Balance of Trade, has not grasped the first fundamental principle of Political Economy. Ernst Engel
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. Ernest Hemingway
Political economy came into being as a natural result of the expansion of trade, and with its appearance elementary, unscientific huckstering was replaced by a developed system of licensed fraud, an entire science of enrichment. Friedrich Engels
Thus, if there exists a law which sanctions slavery or monopoly, oppression or robbery, in any form whatever, it must not even be mentioned. For how can it be mentioned without damaging the respect which it inspires? Still further, morality and political economy must be taught from the point of view of this law; from … Read more
The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science. David Ricardo
Some even believe we (the Rockefeller family) are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s … Read more
The invocation of social necessity should alert us. It contains the seeds for Marx’s critique of political economy as well as for his dissection of capitalism. David Harvey
Marx set out to resolve the contradictions and to correct the errors in classical political economy. In this he thought he had succeeded very well. Judging by the sound and the fury of the controversy surrounding his interpretations, he either succeeded too well or deluded himself to the success of his enterprise. David Harvey