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Any system of economics is bankrupt if it sees either value or virtue in unemployment.
--
Acceptance speech, Democratic National Conference (1976).

 

Jimmy Carter

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May he be cursed on earth who gives his trust to virtue,
that bankrupt crone who takes our life's pure gold and gives
but bad receipts for payment in the lower world.
Ah, passers-by that stroll, travelers that come and go,
all that I had, I placed on virtue, and lost the game!

 

Nikos Kazantzakis

 

As to that which is called nature, it is no other than the laws by which motion and action of every kind, with respect to unintelligible matter, is regulated. And when we speak of looking through nature up to nature's God, we speak philosophically the same rational language as when we speak of looking through human laws up to the power that ordained them.
God is the power of first cause, nature is the law, and matter is the subject acted upon.
But infidelity by ascribing every phenomenon to properties of matter, conceives a system for which it cannot account, and yet it pretends to demonstration. It reasons from what it sees on the surface of the earth, but it does not carry itself on the solar system existing by motion. It sees upon the surface a perpetual decomposition and recomposition of matter. It sees that an oak produces an acorn, an acorn an oak, a bird an egg, an egg a bird, and so on. In things of this kind it sees something which it calls a natural cause, but none of the causes it sees is the cause of that motion which preserves the solar system.

 

Thomas Paine

 

This is what economics now does. It tells the young and susceptible (and also the old and vulnerable) that economic life has no content of power and politics because the firm is safely subordinate to the market and the state and for this reason it is safely at the command of the consumer and citizen. Such an economics is not neutral. It is the influential and invaluable ally of those whose exercise of power depends on an acquiescent public. If the state is the executive committee of the great corporation and the planning system, it is partly because neoclassical economics is its instrument for neutralizing the suspicion that this is so.

 

John Kenneth Galbraith

 

Jon Ralston: How would you have voted on that bill to extend unemployment benefits?
Sharron Angle: I would have voted no, because the truth about it is that they keep extending these unemployment benefits to the point where people are afraid to go out and get a job because the job doesn't pay as much as the unemployment benefit does.

 

Sharron Angle

 

There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists... Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them.

 

Joseph E. Stiglitz