A Quote by Barry Gardiner

Classical economics values things by seeing how much someone will pay for them. But this is where classical economics is wrong. What it fails to account for are all the 'externalities' - the services people regard as free goods: pollination services, flood protection, climate regulation, soil stabilization, carbon sequestration.

Barry Gardiner

Quote Topics

Account Carbon Classical Climate Economics Externalities Fails Flood Free Goods How How Much Much Pay People Pollination Protection Regard Regulation Seeing Services Soil Someone Them Things Values Will Wrong

Quote Author

Barry Gardiner
British - Politician
Born: March 10, 1957

Money does not pay for anything, never has, never will. It is an economic axiom as old as the hills that goods and services can be paid for only with goods and services.

Albert J. Nock

The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.

Thomas Sowell

My citizen activism is a direct outgrowth of a classical and fiscally conservative training in economics at Harvard. It is a perspective rooted in one of the most important concepts in economics - the need for government intervention in the presence of a market failure.

Peter Navarro

The lnternet is turning economics inside-out. For example, everybody on the internet now wants stuff for free and there are so many free services available.

Uri Geller

I've been a faithful reader of the great classical documents of economics, or tried to be. The first book in the field that I ever read was Principles of Economics by Alfred Marshall. I suppose subsequently I would have to pick out Keynes, Adam Smith, Marx.

John Kenneth Galbraith

It's just economics 101: When it's free to pollute, you get more pollution. But when there's a price to pay, industry will have an incentive to find low-cost carbon solutions.

Fred Krupp

Anyway that's a large part of what economics is - people arbitrarily, or as a matter of taste, assigning numerical values to non-numerical things. And then pretending that they haven't just made the numbers up, which they have. Economics is like astrology in that sense, except that economics serves to justify the current power structure, and so it has a lot of fervent believers among the powerful

Kim Stanley Robinson

I have read a great deal of economic theory for over 50 years now, but have found only one economic "law" to which I can find NO exceptions: Where the State prevents a free market, by banning any form of goods or services, consumer demand will create a black market for those goods or services, at vastly higher prices. Can YOU think of a single exception to this law?

Robert Anton Wilson

When people communicate freely, when labour force, goods, services and funds move freely as well, when there are no state dividing lines and when we have common legal regulation, for example, in the social sphere - all that is good enough, people should feel free.

Vladimir Putin

Free election of masters does not abolish the masters or the slaves. Free choice among a wide variety of goods and services does not signify freedom if these goods and services sustain social controls over a life of toil and fear – that is, if they sustain alienation. And the spontaneous reproduction of superimposed needs by the individual does not establish autonomy; it only testifies to the efficacy of the controls.

Herbert Marcuse

For a variety of reasons, I have always felt myself an outsider. I don't know how to classify myself in economics. I am a loner. I do not like groupthink, which, if anything, has become more important in economics. In addition, a lot of the values I hold are not the mainstream values in the profession.

James Heckman

I think historically modern economics, capitalist economics, tends to erode moral categories... And this is where I think the right gets capitalism wrong. They kind of assume that there is a moral equivalence or moral valence to capitalism, but I tend to think that economics erodes all the kind of cultural taboos and inhibitions and values it comes into contact with.

Michael Pollan

Today this is what we are confronted with, I mean what is pure ideology, which takes no account of the human context. In economics it's the same. Economics wanted to take into account theory over and above human criteria, or the parameter 'man'.

Catherine Camus

The wrong people will do everything in their power to guarantee that the wrong political climate will continue. It seems, then, that the wrong people ensure the wrong political climate and the wrong political climate ensures the wrong people. How then to break free of this vicious circle?

William A. Dembski

Facebook, Twitter, and Tumblr are all 'User First, Brands Second' services. The brands are all over these services now. But for the most part, these services didn't do much to bring them. The engaged users did.