Capitalism, cooperative, Publications

COOPERATIVE: Ideal for an Egalitarian Big Society

A wave of thoughts came into my mind about the new economy after reading some mind-blowing books written by Amartya Sen, Joseph Stiglitz, Robert Shiller, Thomas Picketty, Jeffery Shacks and Paul Collier. They have put the global population – who have very limited access to the resources - at the centre of their debate and raised a concern… Continue reading COOPERATIVE: Ideal for an Egalitarian Big Society

economic thought, Economy, opinion, Publications

A reply to a thoughtful comment on my blog

This is my reply to a comment by williambean2014 on economic thoughts on my blog that has been reblogged here ... ''Supply creates its own demand'' that is Say’s law from which economics especially law of supply was developing through. I am not fully convinced on it but we have to consider an example of Harry Potter of J K Rowling. The author never worked out for its market before publishing the book. She just wrote in coffee shops and published. Another example is Korean song Gangnam Style of Psy. I think when supply came to the market then demand was created incredibly day by day even unknowingly.

Bertrand Russell, Quotations

The subject never taught in universities is learnt by minority

Being immensely rich, he can endow universities, and secure that the most influential part of academic opinion shall be subservient to him. Being at the head of the plutocracy, he is the natural leader of all those whose political thought is dominated by fear of Communism. Being the possessor of economic power, he can distribute prosperity or ruin to whole nations as he chooses.- Bertrand Russell ...

Adam Smith, Quotations

Labour force is the wealth of nations: Adam Smith

Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people. - Adam Smith ...