Economy Quotes (26 quotes)
[As Chief Scientific Adviser to the British Ministry of Defence] We persist in regarding ourselves as a Great Power, capable of everything and only temporarily handicapped by economic difficulties. We are not a great power and never will be again. We are a great nation, but if we continue to behave like a Great Power we shall soon cease to be a great nation. Let us take warning from the fate of the Great Powers of the past and not burst ourselves with pride (see Aesop’s fable of the frog). (1949)
By virtue of the way it has organized its technological base, contemporary industrial society tends to be totalitarian. For 'totalitarian' is not only a terroristic political coordination of society, but also a non-terroristic economic-technical coordination which operates through the manipulation of needs by vested interests. It thus precludes the emergence of an effective opposition against the whole. Not only a specific form of government or party rule makes for totalitarianism, but also a specific system of production and distribution which may well be compatible with a 'pluralism' of parties, newspapers, 'countervailing powers,' etc.
Disease is largely a removable evil. It continues to afflict humanity, not only because of incomplete knowledge of its causes and lack of individual and public hygiene, but also because it is extensively fostered by harsh economic and industrial conditions and by wretched housing in congested communities. ... The reduction of the death rate is the principal statistical expression and index of human social progress. It means the saving and lengthening of lives of thousands of citizens, the extension of the vigorous working period well into old age, and the prevention of inefficiency, misery, and suffering. These advances can be made by organized social effort. Public health is purchasable. (1911)
Engineering is the science of economy, of conserving the energy, kinetic and potential, provided and stored up by nature for the use of man. It is the business of engineering to utilize this energy to the best advantage, so that there may be the least possible waste. (1908)
Human behaviour reveals uniformities which constitute natural laws. If these uniformities did not exist, then there would be neither social science nor political economy, and even the study of history would largely be useless. In effect, if the future actions of men having nothing in common with their past actions, our knowledge of them, although possibly satisfying our curiosity by way of an interesting story, would be entirely useless to us as a guide in life.
If that's how it all started, then we might as well face the fact that what's left out there is a great deal of shrapnel and a whole bunch of cinders (one of which is, fortunately, still hot enough and close enough to be good for tanning). Trying to find some sense and order in this mess may be as futile as trying to … reconstruct the economy of Iowa from a bowl of popcorn. [On searching for evidence of the Big Bang.]
In 1891, during the Presidency of William Henry Harrison [Benjamin Harrison], electric lights were first installed in the White House, the residence of the leaders of our country. At that time, commercial electricity was not economically feasible, but President Harrison wanted to affirm his confidence in the technological capability of our country.
In studying the fate of our forest king, we have thus far considered the action of purely natural causes only; but, unfortunately, man is in the woods, and waste and pure destruction are making rapid headway. If the importance of the forests were even vaguely understood, even from an economic standpoint, their preservation would call forth the most watchful attention of government
It appears unlikely that the role of the genes in development is to be understood so long as the genes are considered as dictatorial elements in the cellular economy. It is not enough to know what a gene does when it manifests itself. One must also know the mechanisms determining which of the many gene-controlled potentialities will be realized.
It seems perfectly clear that Economy, if it is to be a science at all, must be a mathematical science. There exists much prejudice against attempts to introduce the methods and language of mathematics into any branch of the moral sciences. Most persons appear to hold that the physical sciences form the proper sphere of mathematical method, and that the moral sciences demand some other method—I know not what.
My Rainforests Project … has three main elements. Firstly, to determine how much funding the rainforest countries need to re-orientate their economies so that the trees are worth more alive than dead.
Nature's economy shall be the base for our own, for it is immutable, but ours is secondary. An economist without knowledge of nature is therefore like a physicist without knowledge of mathematics.
Over and over again, we must stress that a healthy ecology is the basis for a healthy economy.
Physics is experience, arranged in economical order.
Richard Drew embodied the essential spirit of the inventor, a person of vision and unrelenting persistence who refused to give in to adversity. He made an enormous contribution, not only to the growth of 3M, but also to advancement of many modern industries vital to worldwide economic growth.
Science knows no politics. Are we in this frenzy of [the Depression] economy, brought about by those who control the wealth of this country, seeking to put a barrier on science and research for the paltry sum of $39,113 out of an appropriation of $100,000,000?
The advance from the simple to the complex, through a process of successive differentiations, is seen alike in the earliest changes of the Universe to which we can reason our way back, and in the earliest changes which we can inductively establish; it is seen in the geologic and climatic evolution of the Earth; it is seen in the unfolding of every single organism on its surface, and in the multiplication of kinds of organisms; it is seen in the evolution of Humanity, whether contemplated in the civilized individual, or in the aggregate of races; it is seen in the evolution of Society in respect alike of its political, its religious, and its economical organization; and it is seen in the evolution of all those endless concrete and abstract products of human activity which constitute the environment of our daily life. From the remotest past which Science can fathom, up to the novelties of yesterday, that in which Progress essentially consists, is the transformation of the homogeneous into the heterogeneous.
The maintenance of biological diversity requires special measures that extend far beyond the establishment of nature reserves. Several reasons for this stand out. Existing reserves have been selected according to a number of criteria, including the desire to protect nature, scenery, and watersheds, and to promote cultural values and recreational opportunities. The actual requirements of individual species, populations, and communities have seldom been known, nor has the available information always been employed in site selection and planning for nature reserves. The use of lands surrounding nature reserves has typically been inimical to conservation, since it has usually involved heavy use of pesticides, industrial development, and the presence of human settlements in which fire, hunting, and firewood gathering feature as elements of the local economy.
The simplicity of nature is not to be measured by that of our conceptions. Infinitely varied in its effects, nature is simple only in its causes, and its economy consists in producing a great number of phenomena, often very complicated, by means of a small number of general laws.
The tragedy of deforestation in Amazonia as well as elsewhere in the tropics is that its costs, in... economic, social, cultural, and aesthetic terms, far outweigh its benefits. In many cases, destruction of the region’s rainforests is motivated by short-term gains rather than the long-term productive capacity of the land. And, as a result, deforestation usually leaves behind landscapes that are economically as well as ecologically impoverished.
The Unexpected stalks a farm in big boots like a vagrant bent on havoc. Not every farmer is an inventor, but the good ones have the seeds of invention within them. Economy and efficiency move their relentless tinkering and yet the real motive often seems to be aesthetic. The mind that first designed a cutter bar is not far different from a mind that can take the intractable steel of an outsized sickle blade and make it hum in the end. The question is how to reduce the simplicity that constitutes a problem (“It's simple; it's broke.”) to the greater simplicity that constitutes a solution.
There may be frugality which is not economy. A community, that withholds the means of education from its children, withholds the bread of life and starves their souls.
To feed applied science by starving basic science is like economising on the foundations of a building so that it may be built higher. It is only a matter of time before the whole edifice crumbles.
We need to be realistic. There is very little we can do now to stop the ice from disappearing from the North Pole in the Summer. And we probably cannot prevent the melting of the permafrost and the resulting release of methane. In addition, I fear that we may be too late to help the oceans maintain their ability to absorb carbon dioxide. But there is something we can do—and it could make the whole difference and buy us time to develop the necessary low carbon economies. We can halt the destruction of the world’s rainforests—and even restore parts of them—in order to ensure that the forests do what they are so good at—in other words storing carbon naturally. This is a far easier, cheaper and quicker option than imagining we can rely on as yet unproven technology to capture carbon at a cost of some $50 per tonne or, for that matter, imagining we can achieve what is necessary through plantation timber.
We prefer economic growth to clean air.
When rich men are thus brought to regard themselves as trustees, and poor men learn to be industrious, economical, temperate, self-denying, and diligent in the acquisition of knowledge, then the deplorable strife between capital and labor, tending to destroy their fundamental, necessary, and irrefragable harmony will cease, and the world will no longer be afflicted with such unnatural industrial conflicts as we have seen during the past century...