When the study of the household (ecology) and the management of the household (economics) can be merged, and when ethics can be extended to include environmental as well as human values, then we can be optimistic about the future of humankind. Accordingly, bringing together these three ‘E's' is the ultimate holism and the great challenge for our future.
No matter how exotic human civilization becomes, no matter the developments of life and society nor the complexity of the machine/human interface, there always come interludes of lonely power when the course of humankind, the very future of humankind, depends upon the relatively simple actions of single individual.
As cognitive beings, we rationalise everything. So, I think that's why nemeses are, in general, fascinating to observe, because they decide to act on feelings that we, most of the time, rationalise.
We do not need to understand economics in order to experience the benefits of freedom of exchange and production. But we may very well need to understand economics in order to sustain and maintain the institutional framework that enables us to realize the benefits that flow from freedom of exchange and production.
I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.
Mexico is the second most important destination of U.S. exports. What does this mean? The U.S. sells to our country almost the same as it sells to all the European Union, five times what it sells Brazil. More than what it sells together to Brazil, Russia, China, and India.
Beautiful art sells. If it sells itself, it is an idolatrous commodity; if it sells anything else, it is a seductive advertisement.
I have been made redundant before and it is a terrible blow; redundant is a rotten word because it makes you think you are useless.
In the dictionary under redundant it says see redundant.
GE sells more than 96 percent of its products to the private sector, where America's future must be built. But government can help business invest in our shared future.
If we keep an optimistic view about the future, we definitely have to look for our place. Not to be redundant. And that means we have to emphasize what makes us unique.
Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.
The nation that buys commands, the nation that sells serves; it is necessary to balance trade in order to ensure freedom; the country that wants to die sells only to one country , and the country that wants to survive sells to more than one.
A humankind abandoned in its earlier formative stage becomes its own greatest threat to survival.
No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.
Economics has revealed a great truth about the natural law of human interaction: that not only is production essential to man's prosperity and survival, but so also is exchange.