Jim Stanford Quotes

Like a forensic accountant trying to solve a corporate fraud, following the trail of money around the circle is a good way to understand what actually happens as capitalism unfolds.

Competition-ruthless, unforgiving, to-the-death competition-is a crucial feature of capitalism.

Try this: say the words "global, global, global" aloud several times, as fast as you can. You'll find yourself sounding like a turkey ("gobble, gobble, gobble").

Economics is a social science, not a physical science.

Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.

We know that investment causes growth. But it is also true that growth causes investment.

Never trust an economist with your job. Learn about economics yourself. And make up your own mind about what might protect your job - and what might destroy it.

The problem is not scarcity; the problem is power.

Indeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-Mart, communism would probably still exist.

Everyone has an interest in the economy: in how it functions, how well it functions, and in whose interests it functions.

Proving that profit is economically and morally justifiable, rather than the result of exploitation, has been a central preoccupation of neoclassical economists.