Economic Paradigm Quotes

To seek "causes" of poverty in this way is to enter an intellectual dead end because poverty has no causes. Only prosperity has causes.

Keynesianism, if you add its flexible, muscular form during the Depression to its more rigid postwar version, lasted forty-five years. Our own Globalization, with its technocratic and technological determinism and market idolatry, had thirty years. And now it, too, is dead.

Conventional economics is a form of brain damage.

Our own economy tells us to take as much as we can get, right? Our own economy says, you're going to be the most successful graduate if you go into the business world and take as much you can get. That's not how nature works. Nature has a much simpler economy. Everything in nature takes what it needs. That's it. You don't see an oak tree gathering up all the resources. An oak tree takes what it needs to be the authentic oak tree it is.

That knowledge has become the resource, rather than a resource, is what makes our society "post-capitalist.

I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy.

I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems.

The only economic paradigm that movies have ever known is capitalism. There were no church sponsors or state patronage. The idea was that if you'd pay to see it, we'll make it for you.

Young people refuse the notion that financialization defines the only acceptable definition of exchange, one that is based exclusively on the reductionist notion of buying and selling.

Insurance and funding traditionally drive capital investment. But in a world based on access, not ownership, the duration, value, cost and extent of financial services is distinctly different.

Economists operate with this image of the homo economicus, the rational economic agent, and while such agents are rare in the wider world, they are common in economics departments. Exemplifying the homo economicus paradigm, economists typically choose their research projects and hypotheses so as to promote their own careers, to maximize their lifetime income. This explains the astonishing pressures toward conformity in academic economics: how deviant views (except those by a few who have already achieved stardom) get crushed by an army of conformists.

It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.

Post-Scarcity Age, you don't pay for things. Abundance.

A different world can be created or re-created-but not until we stop enshrining the economic values of invisible labor, infinite and obsessive growth, and a slow environmental suicide.