A Quote by Peter L. Berger
An economy oriented toward production for market exchange provides the optimal conditions for long-lasting and ever-expanding productive capacity based on modern technology.
Quote Topics
Quote Author
Related Quotes
Many bought into the idea that America could go from a technology-based, export-oriented powerhouse to a services-led, consumption-based economy - and somehow still expect to prosper. That idea was flat wrong. Our economy tilted instead toward the quicker profits of financial services.
Outside the firm, price movements direct production, which is co-ordinated through a series of exchange transactions on the market. Within a firm, these market transactions are eliminated and in place of the complicated market structure with exchange transactions is substituted the entrepreneur-co-ordinator, who directs production.
Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.
Female leaders are more oriented toward real and long-lasting results of their policies.
Automation provides us with wondrous increases of production and information, but does it tell us what to do with the men the machines displace? Modern industry gives us the capacity for unparalleled wealth - but where is our capacity to make that wealth meaningful to the poor of every nation?
The market steers the capitalistic economy. It directs each individual's activities into those channels in which he best serves the wants of his fellow-men. The market alone puts the whole social system of private ownership of the means of production and free enterprise in order and provides it with sense and meaning.
Modern bourgeois society with its relations of production, of exchange, and of property, a society that has conjured up such gigantic means of production and of exchange, is like the sorcerer, who is no longer able to control the powers of the nether world whom he has called up by his spells.
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 split between the U.S. and its traditional allies, if it becomes a permanent feature of the new global order, would lead to deeper fragmentation among the world's market-oriented democracies. That will surely shift the long-term balance of power in China's favor, as it moves steadily toward becoming the world's largest economy.
Production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.
The wrecking ball is characteristic of our way with materials. We 'cannot afford' to log a forest selectively, to mine without destroying topography, or to farm without catastrophic soil erosion. A production-oriented economy can indeed live in this way, but only so long as production lasts.
For physical goods, there are costs associated with logistics and lead times, owing to inventories and poor forecasts of the market. With digital capital-intensive technology, however, production will inevitably move toward the final market, wherever it is. This re-localization constitutes a major shift in the structure of global supply networks.
A country's economic growth may be defined as a long-term rise in capacity to supply increasingly diverse economic goods to its population, this growing capacity based on advancing technology and the institutional and ideological adjustments that it demands.
A market economy is a tool - a valuable and effective tool - for organizing productive activity. A market society is a way of life in which market values seep into every aspect of human endeavour. It's a place where social relations are made over in the image of the market.
The socialism of centralised state control of industry and production, is dead. It misunderstood the nature and development of a modern market economy. It failed to recognise that the state and public sector can become a vested interest capable of oppression as much as the vested interests of wealth and capital. it was based on a false view of class that became too rigid to explain or illuminate the nature of class division today.
The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.
Related Authors
Auguste Comte Quotes
French
Sociologist
C. Wright Mills Quotes
American
Sociologist
Charles Horton Cooley Quotes
American
Sociologist
Deborah Tannen Quotes
American
Sociologist
Emile Durkheim Quotes
French
Sociologist
Immanuel Wallerstein Quotes
American
Sociologist
Ivan Illich Quotes
American
Sociologist
James W. Loewen Quotes
American
Sociologist
Jane Jacobs Quotes
American
Sociologist
Jean Baudrillard Quotes
French
Sociologist
Lewis Mumford Quotes
American
Sociologist
Marshall McLuhan Quotes
Canadian
Sociologist
Matthew Desmond Quotes
American
Sociologist
Samuel P. Huntington Quotes
American
Sociologist
Theodor Adorno Quotes
German
Sociologist
Zygmunt Bauman Quotes
Polish
Sociologist