Here are some Quotations that help me to think through my work here in Panama with coffee, when I’m thinking about developement.
Quotation from KK.org:
Steve Talbot, a wise neo-Amish philosopher and author of Netfuture, asks a very insightful question in his latest issue:
Why does a certain obvious distinction not figure more centrally in economic theorizing – namely, the distinction between the application of capital in order to increase that capital itself, and its application in order to achieve something worthwhile in the world? Or, more simply: why do we not distinguish between using money to make money, or using it to do meaningful work?
“The entrepreneur,” said the French economist J. B. Say around 1800, “shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.”
“Remember, markets are not ends in themselves.They are constructs to assist populations in achieving the optimum allocation of resources” (p. 461).
They argue Americans should learn to accept a lower standard of living and American business must adjust to a smaller domestic economy. This argument leaves out one salient fact:
Considered as a whole, the nation has enough productive capacity to provide a higher standard of living for its citizens and also be sustainable. With the right incentives, we could dramatically reduce energy use and carbon emissions while continuing to grow at a rate that provided most people with good jobs at good wages. The problem isn’t economic growth per se.