Economics of Knowledge And Social Intelligence
Institution: Development Committee Abbreviation: DC Type: Public Founded: 1974 Members Total: 24 Membership in: Membership of: Description: The Joint Ministerial Committee of the Boards of Governors of the Bank and Fund on the Transfer of Real Resources to Developing Countries, … Continue reading →
02. April 2008 by kasi
Categories: Organisations |
Tags: dc, developing countries, imf, imfc, public, washington, world bank |
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Economist: ‘The golems are capable of doing the work per day of one hundred and twenty thousand men.’
— Terry Pratchett
Politician: ‘Think of what they could do for the city.’
Economist: ‘To begin with, they would put one hundred and twenty thousand men out of work. They do not require food, clothing or shelter. The demand for many things woupld drop. Circulation is everything. The money goes around creating wealth as it does so.’
Politician: ‘Then what course of actions do you propose?’
Economist: ‘I did not know that I had to find solutions as well.’
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