Justice Quotes
What is fair? What is right? Voices from history weigh in on the most fundamental human question.
27299 quotes
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"Bailouts of financial institutions protect creditors at the expense of taxpayers."Anna Schwartz
"Discrimination is economically inefficient because it prevents the optimal allocation of human talent."Gary Becker
"Racial and gender discrimination imposes costs on society through underutilization of human potential."Gary Becker
"The economics of crime shows criminals respond rationally to the probability and severity of punishment."Gary Becker
"Discrimination survives in competitive markets only when it provides some competitive advantage."Gary Becker
"The economics of discrimination shows it persists when preference and information asymmetries align."Gary Becker
"Crime economics shows that certainty of punishment deters far more effectively than severity alone."Gary Becker
"Discrimination in hiring reflects both prejudice and rational statistical inference under information limitations."Gary Becker
"Occupational segregation arises partly from differences in human capital investment and partly from discrimination."Gary Becker
"The economics of crime prevention suggests investing in deterrence and rehabilitation rather than punishment alone."Gary Becker
"The profit motive alone will not produce financial stability. We need proper regulation and oversight."Hyman Minsky
"Asset inflation is a hidden form of wealth redistribution that most people don't recognize."Hyman Minsky
"The market cannot police itself. External regulation is essential to prevent catastrophic failures."Hyman Minsky
"The real question is not whether government can manage the economy, but how we want it managed and for whose benefit."Hyman Minsky
"Debt forgiveness or restructuring is sometimes necessary, but it is politically contentious because it hurts creditors."Hyman Minsky
"The social cost of financial crisis far exceeds the private gains earned during the expansion."Hyman Minsky
"We need to treat financial system stability as a public good, like national defense or clean water."Hyman Minsky
"To understand poverty, one must understand the entire economic structure that produces it."Wassily Leontief
"Efficiency means nothing if it does not serve human needs and human dignity."Wassily Leontief
"The input-output method is democracy applied to economic analysis."Wassily Leontief
"Taxation without consideration of equity is merely extraction of resources."James Tobin
"Markets work best when embedded in a framework of rules and institutions."James Tobin
"Poverty is not an inevitable feature of economic systems; it is a choice."James Tobin
"Tax policy should be judged not just by revenue but by its effects on incentives and equity."James Tobin
"Economic policy must balance efficiency with equity or it will lose legitimacy."James Tobin
"Inequality is both an economic issue and a fundamental question about justice."James Tobin
"Inflation redistributes wealth from savers to borrowers and from creditors to debtors."James Tobin
"Poverty is not inevitable; it is a policy choice."Paul Samuelson
"The measure of a society is how it treats its most vulnerable."Paul Samuelson
"Economic justice requires understanding the mechanics of inequality"Simon Kuznets