Economic Thoughts
compiled by John N. Ponsaran
QUOTES
“For every author, their notions and their theories are examined as attempts to find answers to the main economic problems of the time.” (A Concise History of Economic Thought, Vaggi and Groenewegen)
“The wisdom of nature has fortunately made ample provisions for remedying many bad effects of the folly and injustices of man.” (Wealth of Nations, Adam Smith)
“The wisdom of nature has fortunately made ample provisions for remedying many bad effects of the folly and injustices of man.” (Wealth of Nations, Adam Smith)
“The thrifty, industrious capitalist who spots an opportunity in the market for the employment of productive hands is the hero of Smith’s work. In his effort to increase his own wealth, he cannot do other than benefit society in general.” (Economics for Beginners, Caravan)
“Ang lider ay mapagbigay ng kapangyarihan habang namamahagi ng
responsibilidad.” (Ekonomiya,Tao, Mundo at ang Ekonomistang Guro, Tullao)
“With the 1989 thaw in Cold War tensions, capitalism was one of the first aspects of Western Democracy to penetrate the Iron Curtain as McDonald’s brought “burgers and fries” to Moscow.” (Cliff Notes on Heilbroner, Snodgrass)
“With the 1989 thaw in Cold War tensions, capitalism was one of the first aspects of Western Democracy to penetrate the Iron Curtain as McDonald’s brought “burgers and fries” to Moscow.” (Cliff Notes on Heilbroner, Snodgrass)
JOKES
AN AMERICAN CORPORATION
You have two cows.
You sell one, and force the other to produce the milk of four cows.
You are surprised when the cow drops dead.
You have two cows.
You sell one, and force the other to produce the milk of four cows.
You are surprised when the cow drops dead.
A JAPANESE CORPORATION
You have two cows.
You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk.
You then create clever cow cartoon images called Cowkimon and market them World-Wide.
A CHINESE CORPORATION
You have two cows.
You have 300 people milking them.
You claim full employment, high bovine productivity, and arrest the newsman who reported the numbers.
You have two cows.
You have 300 people milking them.
You claim full employment, high bovine productivity, and arrest the newsman who reported the numbers.
