Sovannarun TAY

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The Economics of ...
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C. Wright Mills
“Those in authority within institutions and social structures attempt to justify their rule by linking it, as if it were a necessary consequence, with moral symbols, sacred emblems, or legal formulae which are widely believed and deeply internalized. These central conceptions may refer to a god or gods, the 'votes of the majority,' the 'will of the people,' the 'aristocracy of talents or wealth,' to the 'divine right of kings' or to the alleged extraordinary endowment of the person of the ruler himself.”
C. Wright Mills, Character and Social Structure: Psychology of Social Institutions

Émile Durkheim
“Reality seems valueless by comparison with the dreams of fevered imaginations; reality is therefore abandoned.”
Émile Durkheim

Joseph E. Stiglitz
“To put it baldly, there are two ways to become wealthy: to create wealth or to take wealth away from others. The former adds to society. The latter typically subtracts from it, for in the process of taking it away, wealth gets destroyed. A monopolist who overcharges for his product takes money from those whom he is overcharging and at the same time destroys value. To get his monopoly price, he has to restrict production.”
Joseph E. Stiglitz, The Price of Inequality: How Today's Divided Society Endangers Our Future

Georg Simmel
“A man is well educated when he knows where to find what he doesn’t know.”
George Simmel

Joseph E. Stiglitz
“Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable.”
Joseph E. Stiglitz

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