"Efficiency advantages and disadvantages are more finely balanced than with health care - one person's 'sign of a civilized society' is another's 'society is going to the dogs'."

Nicholas Barr Economics See all quotes by Nicholas Barr →

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“Markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.”

“Money income is a flawed measure of individual welfare.”

“Thus social insurance, in sharp contrast with actuarial insurance, can cover not only risk but also uncertainty.”

“Perfect competition must hold in product and factor markets, and also in capital markets. The assumption has two essential features: economic agents must be price takers; and they must have equal power.”

“It is argued that regulators are frequently captured by those whom they are supposed to regulate.”

“The European Commission uses an explicit relative poverty line of 60 per cent of national average income.”

Resonant Thoughts

"Read the history to know that yesterday’s Jews are evil predecessors and today’s Jews are worse successors. They an ingrate people, they altered God’s words, worshipped calf, killed Messengers and den…"

— Abdul Rahman Al-Sudais

Politics1962

#Human Nature

"The greatest crimes in the world are not committed by people breaking the rules. It's people who follow orders that drop bombs and massacre villages. As a precaution to ever committing major acts of e…"

— Banksy

Politics1973

#Human Nature

"African rulers found European goods sufficiently desirable to hand over captives which they had taken in warfare. Soon, war began to be fought between one community and another for the sole purpose of…"

— Walter Rodney

Politics1942–1980

#society

"The total amount of suffering per year in the natural world is beyond all decent contemplation. During the minute it takes me to compose this sentence, thousands of animals are being eaten alive; othe…"

— Richard Dawkins

Science1941

#philosophy