A Quote by Christian Lous Lange
The growth of means of transport has created a world market and an opportunity for division of labor embracing all the developed and most of the undeveloped states.
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Modern techniques have torn down state frontiers, both economical and intellectual. The growth of means of transport has created a world market and an opportunity for division of labor embracing all the developed and most of the undeveloped states.
They go forth [into the world] with well-developed bodies, fairly developed minds and undeveloped hearts. An undeveloped heart - not a cold one. The difference is important.
In a market economy with the division and specialization of labor, people use others as means to achieve their ends. This is the essence of market cooperation.
The romantics were reacting against a modern culture that divided individuals from themselves (through specialisation in the division of labor), from others (the competitive market place) and from nature, which had been reduced down to a machine through technology. The antidote to such division is unity and wholeness, which means feeling at home again in the world.
Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.
A different world can be created or re-created-but not until we stop enshrining the economic values of invisible labor, infinite and obsessive growth, and a slow environmental suicide.
The developed world should neither shelter nor militarily destabilize authoritarian regimes unless those regimes represent an imminent threat to the national security of other states. Developed states should instead work to create the conditions most favorable for a closed regime's safe passage through the least stable segment of the J curve however and whenever the slide toward instability comes. And developed states should minimize the risk these states pose the rest of the world as their transition toward modernity begins.
The market is not a place, a thing, or a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.
The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.
Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
... the school should be an appendage of the family state, and modeled on its primary principle, which is, to train the ignorant and weak by self-sacrificing labor and love; and to bestow the most on the weakest, the most undeveloped, and the most sinful.
We have the Nasdaq private market. But we also want to make sure that every investor has an opportunity to ultimately join in growth and the success of these great companies that we have that have been formed in the United States.
During my three years as chief economist of the World Bank, labor market issues were looked at through the lens of neoclassical economics. A standard message was to increase labor market flexibility. The not-so-subtle subtext was to lower wages and lay off unneeded workers.
Educational equality doesn't guarantee equality on the labor market. Even the most developed countries are not gender-equal. There are still glass ceilings and 'leaky pipelines' that prevent women from getting ahead in the workplace.
In the developed world, technological progress means that you can have a situation where there's growth, where there's a way in which everybody can be better off over time.
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.
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