market

The market system is the basis of our civilization. Its only alternative is the Führer principle.

On why 300 years separates the first use of glass lenses in spectacles and their use in a telescope: __n many cases there are times when an invention is technologically possible _ and in which it may indeed appear necessary, as the telescope may have _ but without a market the idea will not sell, and in the absence of the technical and social infrastructure to support it, the invention will not survive.

It used to be said "Build it and they will come," now it is "Build it and bribe them in".

So I am perfectly free to buy any goods that are legally sold throughout Europe, provided that they can be delivered, even though they are not legal in Italy, even because in Italy only stupidity is legal.

A foolish environmentalist wants to save nature from the greed of the market by exposing it to the tragedy of the commons. A smart environmentalist wants to save nature from the tragedy of the commons by exposing it to the greed of the market.

Learn from your experiences and past mistakes, assimilate them and convert them to formulas to achieve sustenance first , and then work your way to success to be the leaders in the market.

In my experience, economists rarely believe passionately in, or care passionately for, the free market. They are generally more concerned to reveal the market's imperfections, to further their own professional importance.

It is an economic fact that predicting the future is most valuable when everybody things you are wrong.

My path is full of petals__ have swept it for no others.My thatch gate has been closed__ut opens now for you. It__ a long way to the market, I can offer you little_ Yet here in my cottage there is old wine for our cups.

The hard fact is that writing is available to readers because of market factors as much as particular writing talent.

Romantic literature often presents the individual as somebody caught in a struggle against the state and the market. Nothing could be further from the truth. The state and the market are the mother and father of the individual, and the individual can survive only thanks to them. The market provides us with work, insurance and a pension. If we want to study a profession, the government__ schools are there to teach us. If we want to open a business, the bank loans us money. If we want to build a house, a construction company builds it and the bank gives us a mortgage, in some cases subsidised or insured by the state. If violence flares up, the police protect us. If we are sick for a few days, our health insurance takes care of us. If we are debilitated for months, social security steps in. If we need around-the-clock assistance, we can go to the market and hire a nurse _ usually some stranger from the other side of the world who takes care of us with the kind of devotion that we no longer expect from our own children. If we have the means, we can spend our golden years at a senior citizens_ home. The tax authorities treat us as individuals, and do not expect us to pay the neighbours_ taxes. The courts, too, see us as individuals, and never punish us for the crimes of our cousins.Not only adult men, but also women and children, are recognised as individuals. Throughout most of history, women were often seen as the property of family or community. Modern states, on the other hand, see women as individuals, enjoying economic and legal rights independently of their family and community. They may hold their own bank accounts, decide whom to marry, and even choose to divorce or live on their own.But the liberation of the individual comes at a cost. Many of us now bewail the loss of strong families and communities and feel alienated and threatened by the power the impersonal state and market wield over our lives. States and markets composed of alienated individuals can intervene in the lives of their members much more easily than states and markets composed of strong families and communities. When neighbours in a high-rise apartment building cannot even agree on how much to pay their janitor, how can we expect them to resist the state?The deal between states, markets and individuals is an uneasy one. The state and the market disagree about their mutual rights and obligations, and individuals complain that both demand too much and provide too little. In many cases individuals are exploited by markets, and states employ their armies, police forces and bureaucracies to persecute individuals instead of defending them. Yet it is amazing that this deal works at all _ however imperfectly. For it breaches countless generations of human social arrangements. Millions of years of evolution have designed us to live and think as community members. Within a mere two centuries we have become alienated individuals. Nothing testifies better to the awesome power of culture.

Since the 1970S, financial innova­tions such as the securitisation of mortgage debt and the spreading of investment risks through the creation of derivative markets, all tacitly (and now, as we see, actually) backed by state power, have permitted a huge flow of excess liquidity into all facets of urbanisa­tion and built environment construction worldwide.

The form of association, however, which if mankind continue to improve, must be expected in the end to predominate, is not that which can exist between a capitalist as chief, and work-people without a voice in the management, but the association of the labourers themselves on terms of equality, collectively owning the capital with which they carry on their operations, and working under managers elected and removable by themselves.

Most of us are pseudo-scholars...for we are a very large and quite a powerful class, eminent in Church and State, we control the education of the Empire, we lend to the Press such distinction as it consents to receive, and we are a welcome asset at dinner-parties.Pseudo-scholarship is, on its good side, the homage paid by ignorance to learning. It also has an economic side, on which we need not be hard. Most of us must get a job before thirty, or sponge on our relatives, and many jobs can only be got by passing an exam. The pseudo-scholar often does well in examination (real scholars are not much good), and even when he fails he appreciates their inner majesty. They are gateways to employment, they have power to ban and bless. A paper on King Lear may lead somewhere, unlike the rather far-fetched play of the same name. It may be a stepping-stone to the Local Government Board. He does not often put it to himself openly and say, "That's the use of knowing things, they help you to get on." The economic pressure he feels is more often subconscious, and he goes to his exam, merely feeling that a paper on King Lear is a very tempestuous and terrible experience but an intensely real one. ...As long as learning is connected with earning, as long as certain jobs can only be reached through exams, so long must we take the examination system seriously. If another ladder to employment were contrived, much so-called education would disappear, and no one be a penny the stupider.

It is not the best for us to lay embago on the industries that produce temptations. What we need to do is to compete, overcome and dominate the market with the products of our endurance. No battles we face, no crown will we win. No temptations exist, no conquerors are known.

In books, coaching sessions, and networking events aimed at the white-collar unemployed, the seeker soon encounters ideologies that are explicitly hostile to any larger, social understanding of his or her situation. The most blatant of these, in my experience, was the EST-like, victim-blaming ideology represented by Patrick Knowles and the books he recommended to his boot-camp participants. Recall that at the boot camp, the timid suggestion that there might be an outer world defined by the market or ruled by CEOs was immediately rebuked; there was only us, the job seekers. It was we who had to change. In a milder form, the constant injunction to maintain a winning attitude carries the same message: look inward, not outward; the world is entirely what you will it to be.

My ethical values prevent me from investing in the stock market.

For example, the citizens will live out the value of diligence in their enterprises. They will live out the value of prudence in their finances. They will live out the value of industry in the economy. They will live out the value of love in their neighbourhood. They will live out the value of dignity of labour in the market place, etc. All these will go a long way into propelling both the economy and political life of a nation to the greatest height possible.