Political Economy Quotes

The failure of India's public institutions to keep pace with the dramatic political, economic and social transformations under way has led to severe gaps in governance. The end result of this disjuncture has been a proliferation of grand corruption - a malaise made up of a diverse array of regulatory, extractive, and political rent-seeking activities.

~ Milan Vaishnav

History is not like some individual person, which uses men to achieve its ends. History is nothing but the actions of men in pursuit of their ends.

~ Karl Marx

When the taste for physical gratifications among them has grown more rapidly than their education . . . the time will come when men are carried away and lose all self-restraint . . . . It is not necessary to do violence to such a people in order to strip them of the rights they enjoy, they themselves willingly loosen their hold. . . . they neglect their chief business which is to remain their own masters.

~ Alexis De Tocqueville

I would go one step further and say that the willingness to challenge professional economists - and other experts - should be the foundation of democracy. When you think about it, if all we have to do is to listen to the experts, what is the point of having a democracy at all? Unless we want our societies to be run by a body of self-elected experts, we all have to learn economics and challenge professional economists

~ Ha-Joon Chang