One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them. — Jim Stanford Copy Share Image
If you want poor people to work you restore their incentive by giving them less, such as by cutting social services. If you want rich people to work you restore their incentive by giving them more, such as by cutting… — Jim Stanford Copy Share Image
Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder… — Jim Stanford Copy Share Image
Proving that profit is economically and morally justifiable, rather than the result of exploitation, has been a central preoccupation of neoclassical economists. — Jim Stanford Copy Share Image
One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many… — Jim Stanford Copy Share Image
Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either. — Jim Stanford Copy Share Image
This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for… — Jim Stanford Copy Share Image
Like a forensic accountant trying to solve a corporate fraud, following the trail of money around the circle is a good way to understand… — Jim Stanford Copy Share Image
The total dividend income declared in 1995 by the bottom 9.7 million Canadian tax-filers (47% of all those submitting tax returns) was $310 million.… — Jim Stanford Copy Share Image
We know that investment causes growth. But it is also true that growth causes investment. — Jim Stanford Copy Share Image
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… — Jim Stanford Copy Share Image
With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any… — Jim Stanford Copy Share Image
Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ... In developed capitalist economies, private… — Jim Stanford Copy Share Image
