A Quote by David Harvey

The onset of a crisis is usually triggered by a spectacular failure which shakes confidence in fictitious forms of capital.

David Harvey

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Capital Confidence Crisis Failure Fictitious Forms Shakes Spectacular Which

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David Harvey
British - Scientist
Born: October 31, 1935

One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.

Robert J. Samuelson

A cheaper British currency could be a crisis if its swift move provoked a broader financial crisis, which it has not, or if it triggered massive inflation. For now, cheaper sterling will hurt some British households and enterprises while being a boon for others.

Kelly Evans

Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence - especially in cases in which large short-term debts need to be rolled over continuously - is the key factor that gives rise to the this-time-is-different syndrome. Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang! - confidence collapses, lenders disappear, and a crisis hits.

Carmen Reinhart

When I went to medical school, I was taught about two basic kinds of diabetes: juvenile onset and adult onset. From the time I did my training in medical school to the end of my residency we were already seeing the transformation of adult onset diabetes into Type II, which is what we call it now, which from my perspective is a euphemism we have draped over this condition to conceal the fact that what was a chronic disease in midlife is now epidemic in children. Frankly, Type II diabetes in a seven year old is adult onset diabetes. We just don't want to confront that unpleasant fact.

David Katz

Most of these charges that people pay are economically unnecessary. There's no real cost behind them. There's no real value behind them. So, they're what the classical economist called empty pricing. Prices with no real cost value. What they called rent and fictitious capital. Capital claims on junk mortgage borrowers. The pretense is that all these debts can be paid but it's all fictitious, because everybody knows - at least on Wall Street everybody knows - that many debts can't be paid.

Michael Hudson

The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall on somebody; it must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing the wind, and are now reaping the whirlwind.

Thomas Jefferson

So with the young African artists. What they have to learn from tribal art is not how to copy the traditional forms, but the confidence that comes from knowing that somewhere inside them there should be the vitality which enabled their fathers to produce these extraordinary and exciting forms.

Henry Moore

We live in the time where we have fictitious election results that elects a fictitious president. We live in a time where we have a man sending us to war for fictitious reasons.

Michael Moore

We live in a time when fictitious election results elect a fictitious president. We live in a time where we have a man sending us to war for fictitious reasons.

Michael Moore

The crisis triggered a fertile period of scientific ferment and revolution in economic theory.

James Tobin

The Nazi Party was, in the early 1920s, but one among many nationalist and volkisch radical political groups. It was catapulted to prominence with the onset of economic recession in the late 1920s... The Nazis owed their spectacular to a combination of two discrete sets of factors: first, their distinctive organisation and strategy; and secondly, the wider socio-economic conditions which created climates of opinion and sets of grievances on which the Nazis could prey.

Mary Fulbrook

I was having a really-early-onset midlife crisis, and then something clicked in an improv class, and I knew.

Margaret Qualley

Nothing ever happened on this globe, for good, at which some people did not have their fill of laughter in the onset; and knowing that such as these would be blind anyway, he thought it quite as well that they should wrinkle up their eyes in grins, as have a malady in the less attractive forms.

Charles Dickens

Money is not capital in most of the developing countries. It's just cash. Because it lacks the institutional, organizational, managerial forms to turn it into capital.

Ashraf Ghani

The crisis of the church is not at its deepest level a crisis of authority, or a crisis of dogmatic theology. It is a crisis of powerlessness in which our sole recourse is to call on the help and inward power of the Holy Spirit.

James K. Baxter

Three key elements triggered NDA's spectacular 2014 election victory - taking development and prosperity to the lowest rung of society, eradication of corruption, and ensuring transparency and ease of doing business.

Amit Shah

A Quote by David Harvey

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