A Quote by Kenneth E. Boulding
[The consumer is] the supreme mover of economic order... for whom all goods are made and towards whom all economic activity is directed.
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The being who, for most men, is the source of the most lively, and even, be it said, to the shame of philosophical delights, the most lasting joys; the being towards or for whom all their efforts tend for whom and by whom fortunes are made and lost; for whom, but especially by whom, artists and poets compose their most delicate jewels; from whom flow the most enervating pleasures and the most enriching sufferings - woman, in a word, is not, for the artist in general... only the female of the human species. She is rather a divinity, a star.
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?
The Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom to buy, at what prices and to whom to sell. It assigns every worker to his job and fixes his wages. It decrees to whom and on what terms the capitalists must entrust their funds. Market exchange is merely a sham.
It was at the graduate school at Columbia University that I first met Wesley C. Mitchell, with whom I was associated for many years at the National Bureau of Economic Research and to whom I owe a great intellectual debt.
Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense of the word All economic change, therefore, would involve operations the value of which could neither be predicted beforehand nor ascertained after they had taken place. Everything would be a leap in the dark. Socialism is the renunciation of rational economy.
When the consumer is strong, the American economy will be strong, so consumer protection actually serves economic growth and economic progress.
Before prayer, endeavour to realise Whose Presence you are approaching and to Whom you are about to speak, keeping in mind Whom you are addressing. If our lives were a thousand times as long as they are we should never fully understand how we ought to behave towards God, before Whom the very Angels tremble, Who can do all He wills, and with Whom to wish is to accomplish.
The road to economic well-being is to reward productive economic activity and to provide a moderate and predictable growth of money to finance real economic growth without reigniting the fires of inflation.
Finding a 'sacrificial lamb' on whom to tag blame for complicated problems is an important instrument in the toolkit of politicians, because it deflects blame for the nation's economic woes away from their own regulatory lapses, economic mismanagement and coddling to labor unions.
Addressing the climate and biodiversity crises requires us to radically change our economic models, moving away from economic growth as the over-riding measure of progress and moving instead towards improving health and wellbeing for people and nature. That means a different economic model taking us towards a sustainable economy.
Only love for the Supreme Lord is true Bhakti. Love for any other being, however great, is not Bhakti. The "Supreme Lord" here means Ishvara, the concept of which transcends what you in the West mean by the personal God. "He from whom this universe proceeds, in whom it rests, and to whom it returns, He is Ishvara, the Eternal, the Pure, the All-Merciful, the Almighty, the Ever-Free, the All-Knowing, the Teacher of all teachers, the Lord who of His own nature is inexpressible Love."
Whatever character our theology may ascribe to him, in reality God is the infinite ideal of Man, towards whom men move in their collective growth, with whom they seek their union of love as individuals, in whom they find their ideal of father, friend and beloved.
Most politicians are ever eager to regulate industrial and commercial activity and strike at the economic elite with confiscatory taxation. Unfortunately, regulation and taxation tend to hamper economic activity, inhibit productivity, and depress levels of living.
People never move towards revolution; they are pushed towards it by intolerable injustices in the economic and social order under which they live.
Industries that make goods and services that people have to buy, regardless of economic circumstances, are bound to do well whatever the economic conditions.
It violates right order whenever capital so employs the working or wage-earning classes as to divert business and economic activity entirely to its own arbitrary will and advantage, without any regard to the human dignity of the workers, the social character of economic life, social justice, and the common good.
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