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Economic system   /ˌɛkənˈɑmɪk sˈɪstəm/   Listen
Economic system

noun
1.
The system of production and distribution and consumption.  Synonym: economy.






WordNet 3.0 © 2010 Princeton University








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"Economic system" Quotes from Famous Books



... The present economic system concentrates initiative in the hands of a small number of very rich men. Those who are not capitalists have, almost always, very little choice as to their activities when once they have selected a trade or profession; they are not part of the power that moves the mechanism, ...
— Political Ideals • Bertrand Russell

... virility. They opposed, or were lukewarm about, efforts to build up the army and the navy, for they were not sensitive concerning National honor; and, above all, they opposed every non-milk-and-water effort, however sane, to change our social and economic system in such a fashion as to substitute the ideal of justice towards all for the ideal of kindly charity from the favored few to ...
— Theodore Roosevelt - An Autobiography by Theodore Roosevelt • Theodore Roosevelt

... matter of regulation of business and property relationships. As automation continued, fewer and fewer of our people were needed to produce all the commodities that the country could assimilate under our present socio-economic system. And I need only point out that the average American still enjoys more material things than any other nation, though admittedly the European countries, and I don't exclude the Soviet ...
— Subversive • Dallas McCord Reynolds

... of jealousy are: the primitive instinct, also present in many animals, our ethical and religious ideas and our economic system. The primitive instinct we can repress and modify; we can hardly hope to eradicate it entirely. But our ideas and economic system we can change. It is easier to change ideas than it is a system, and it is with our ideas ...
— Woman - Her Sex and Love Life • William J. Robinson

... the need for culture. He was himself a cultured gentleman; but he also saw that before the people of the South could have culture, they must have an economic system directed with sufficient intelligence to supply the necessaries of life, which must always be taken for granted before the possibilities of culture are realized. Cultural education comes after, and not before, education for ...
— The New Education - A Review of Progressive Educational Movements of the Day (1915) • Scott Nearing

... or they might be saved from death by the women. Then they were put to help the women and were rated as women. Slavery, therefore, in its origin, was a humanitarian improvement in the laws of war, and an alleviation of the status of women. It seems to be established that it began where the economic system was such that there was a gain in making a slave of a war captive instead of killing him. It follows that slavery, wherever it has existed, has affected all the mores of the society. It promised great results gratis. It will appear below that it has been ...
— Folkways - A Study of the Sociological Importance of Usages, Manners, Customs, Mores, and Morals • William Graham Sumner

... changed." The farm is no longer largely self-supporting. It is now but a primary unit in a world-wide economic system, conducted with money as the basis of exchange and dominated by the interests of capital. Farm products are sold for cash and their value is determined by distant or world markets with which the farmer has ...
— The Farmer and His Community • Dwight Sanderson

... number of them are fat men. Because thinkers and workers cannot appreciate financial value, many of them complain loudly because the fat man sits in an easy chair and reaps the profits from their efforts. They restlessly agitate for an economic system which will yield them all the profits from their ideas and labor. They want to eliminate the capitalist—to condemn the fat man to a choice between scholarship or working as they work and starvation. They know human aptitudes so vaguely that they want to turn the corpulent into farm hands ...
— Analyzing Character • Katherine M. H. Blackford and Arthur Newcomb

... favour of the legitimacy of private property, and in doing so was in full agreement with the Fathers of the Church. He was followed without hesitation by all the later theologians, and it is abundantly evident from their writings that the right of private property was the keystone of their whole economic system.[2] ...
— An Essay on Mediaeval Economic Teaching • George O'Brien

... are now the commonplaces of the tap-room. What happened then darkly, and often unconsciously, must happen in 1916-26 openly and controllably. The current bankruptcy and liquidation and the coming reconstruction of the economic system of Europe will go on in a quite unprecedented amount of light. We shall see and know what is happening much more clearly than anything of the kind has ...
— What is Coming? • H. G. Wells

... vigorously growing national literatures appeared side by side with the universal Latin literature. The life of the Church, moreover, was affected by the economic changes due to the rise of the power of money as opposed to the old economic system based ...
— Encyclopaedia Britannica, 11th Edition, Volume 6, Slice 3 - "Chitral" to "Cincinnati" • Various

... interests" (p. 57-58). "The organization of business has become more centralized, vastly more centralized, than the political organization of the country itself" (p. 187). "An invisible empire has been set up above the forms of democracy" (p. 35). "We are all caught in a great economic system ...
— The American Empire • Scott Nearing

... himself back to earth. "I was saying that everything changes," he continued. "Look at our economic system, for instance. Not so many centuries ago the man who got the most wealth was the man with the biggest muscle and the toughest skin. He wielded a stout club, and what he wanted, he took. His system of ...
— Dennison Grant - A Novel of To-day • Robert Stead

... longer have an independent policy, either domestic or foreign: until we can not return to our traditional foreign policy of maintaining national independence, nor to free private capitalism as an economic system. ...
— The Invisible Government • Dan Smoot

... right. It is inconceivable that we should do this as partisans; it is inconceivable we should do it in ignorance of the facts as they are or in blind haste. We shall restore, not destroy. We shall deal with our economic system as it is and as it may be modified, not as it might be if we had a clean sheet of paper to write upon; and step by step we shall make it what it should be, in the spirit of those who question their own wisdom and seek counsel and knowledge, not shallow self-satisfaction or the excitement ...
— United States Presidents' Inaugural Speeches - From Washington to George W. Bush • Various

... for society. So long as the great majority of the poor in any country are inert and are laboring without any hope of substantial rewards in this world, the whole associated life of that community rests on an equivocal foundation. Its moral and social order is tied to an economic system which starves and mutilates the great majority of the population, and under such conditions its religion necessarily becomes a spiritual drug, administered for the purpose of subduing the popular discontent and relieving the popular misery. The only way the associated life of such a community ...
— The Promise Of American Life • Herbert David Croly



Words linked to "Economic system" :   scheme, private enterprise, industrialism, laissez-faire economy, black economy, sector, free enterprise, market economy, system, state socialism, mixed economy, non-market economy, state capitalism



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