A Quote by James Tobin

The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters.

James Tobin

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Capitalist Causes Depression Disasters Economies Failures Great Great Depression Miserable Political Root Root Cause Social Were Worldwide

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James Tobin
American - Economist
March 5, 1918 - March 11, 2002

Between the Great Depression and the 1970s, private business was viewed with suspicion even in most capitalist economies. Businesses were, so the story goes, seen as anti-social agents whose profit-seeking needed to be restrained for other, supposedly loftier, goals, such as justice, social harmony, protection of the weak and even national glory.

Ha-Joon Chang

The Great Depression was going on, so that the station and the streets teemed with homeless people, just as they do today. The newspapers were full of stories of worker layoffs and farm foreclosures and bank failures, just as they are today. All that has changed, in my opinion, is that, thanks to television, we can hide a Great Depression. We may even be hiding a Third World War.

Kurt Vonnegut

Depression is not caused by a chemical imbalance in the brain, and it is not cured by medication. Depression may not even be an illness at all. Often, it can be a normal reaction to abnormal situations. Poverty, unemployment, and the loss of loved ones can make people depressed, and these social and situational causes of depression cannot be changed by drugs.

Irving Kirsch

Climate change is a fact, disrupting the environment, and also affecting economies, disease vectors, and political unrest worldwide.

Amy McGrath

If you study the root causes of business disasters, over and over you'll find this predisposition toward endeavors that offer immediate gratification.

Clayton Christensen

We need to discover the root causes of success rather than the root causes of failure.

David Cooperrider

During my lifetime, I realized that discrimination was not accidental, that there were structural roots and causes to it. So if we wanted to change women's lives, we need to deal with those root causes.

Michelle Bachelet

I think one of the biggest political failures, and the biggest social failures, over the past few years has been the failure of empathy; not being able to look at the other person down the street.

Colum McCann

Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself.

Herbert Hoover

We talk of regional conflicts, of economic and social crises, of political instability, of abuses of human rights, of racism, religious intolerance, inequalities between rich and poor, hunger, over-population, under-development and. I could go on and on. Each and every one of these impediments to humanity's pursuit of well-being are also among the root causes of refugee problems.

Poul Hartling

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.

Janet Yellen

If we looked in the world of 1945 and looked at the map of capitalist economies and democratic polities, they were the rare exception, not the norm.

Ashraf Ghani

[Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.

John Kenneth Galbraith

Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence of vast multiplayer games on the Internet. What Castronova has realized is that these games, where players contribute considerable labor in exchange for things they value, are not merely like real economies, they are real economies, displaying inflation, fraud, Chinese sweatshops, and some surprising in-game innovations.

Tim Harford

We're in a political depression - a great political depression

Chuck Todd

One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.

Jim Stanford

A Quote by James Tobin

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