Category: Economics

“A light wife doth make a heavy husband.” – William Shakespeare, The Merchant of Venice 5.1

“He is well paid that is well satisfied.” – William Shakespeare, The Merchant of Venice 4.1

“Multiple handling and transshipment at several points took their toll in breakage, deterioration, and pilferage. Storage north of Australia or New Caledonia was usually inadequate, and deterioration in open storage in a tropical climate appallingly swift. Rations spoiled, canvas rotted, ammunition became unusable, and machinery rusted. ‘There has been considerable wastage in all types of supplies . . . ,’ wrote Somervell from the South Pacific in September 1943. ‘This loss has been particularly high in ammunition and rations. No one really knows how much food has been spoiled. It is certain, however, that as much as 50 percent of some types of ammunition has gone to waste and hundreds of thousands if not millions of rations have been lost.’ In June 1943 an observer thought at least 40 percent of the rations in SWPA [Southwest Pacific Area] spoiled or unconsumable.” – Robert W. Coakley and Richard M. Leighton, “The War Against Japan, 1943-44,” Global Logistics and Strategy: 1943-1945

“Fast bind, fast find—a proverb never stale in thrifty mind.” – William Shakespeare, The Merchant of Venice 2.5

“Higher education [in the Byzantine Empire] was dispensed by the rhetor or sophist and was available in the larger cities only. The rhetor/sophist, if he held an established chair, was appointed by the local council and received a salary as well as benefitting from certain exemptions. In practice he also received payments or gifts from his pupils. If, on the other hand, he was a free-lance (and many of them were), he depended entirely on fees. There was thus an in-built competition between teachers which occasionally erupted into fights and the kidnapping of students. Boys normally took up higher education at the age of fifteen and pursued it as long as long as their circumstances or their desires dictated: a complete course took about five years, but many left after two or three. Naturally, most of the students came from well-to-do families.” – Cyril Mango, Byzantium: The Empire of New Rome

“If there was one institution that left an indelible mark on the Late Roman and Byzantine way of life, that was surely taxation. The imposition of regular and extraordinary levies—in kind upon the farmer and in money upon the merchant and artisan—was meant to be equitable; in fact, it hit the agricultural population harder than the urban, the poor much more than the rich.” – Cyril Mango, Byzantium: The Empire of New Rome

“If the slave was generally absent from the rural landscape, the tenant farmer (colonus) was an important feature of it. A man of degraded and anomalous status, the colonus was theoretically free, but in practice tied to his plot. He was, as a law of [AD] 393 puts it, ‘a slave of the land’. His condition was hereditary, his freedom to marry restricted, and he could not even join the army. The master of his land collected his taxes and was empowered to put him in chains if he tried to run away. It was openly admitted by the government that there was little difference between the status of a slave and that of a colonus. The authorities, of course, were not animated by pure sadism in curbing the liberties of the tenant farmer; their primary concern was the collection of tax.” – Cyril Mango, Byzantium: The Empire of New Rome

“The archaeological exploration of the Limestone Massif in northern Syria, a region that attained great prosperity thanks to the cultivation of the olive tree, has shown not only the co-existence of large and small holdings, but also a general trend, in the period extending from the fourth to the sixth century [AD], towards the break-up of the bigger estates and the growth of villages composed of relatively well-to-do, independent farmers. While the conditions in the Limestone Massif were probably untypical of the rest of Syria, not to speak of other parts of the Empire, they serve to emphasize the danger of drawing general conclusions from literary and legislative texts.” – Cyril Mango, Byzantium: The Empire of New Rome

“They well deserve to have that know the strong’st and surest way to get.” – William Shakespeare, The Life and Death of King Richard II 3.3

“Well, whiles I am a beggar, I will rail, and say, there is no sin but to be rich; and being rich, my virtue then shall be, to say, there is no vice but beggary.” – William Shakespeare, The Life and Death of King John 2.1

“Our purses shall be proud, our garments poor; for ‘tis the mind that makes the body rich; and as the sun breaks through the darkest clouds, so honour peereth in the meanest habit.” – William Shakespeare, The Taming of the Shrew, 4.3

“Nothing comes amiss, so money comes withal.” – William Shakespeare, The Taming of the Shrew, 1.2

“No profit grows where is no pleasure ta’en.” – William Shakespeare, The Taming of the Shrew, 1.1

“It cannot be stressed enough that without Ukraine, Russia ceases to be an empire, but with Ukraine suborned and then subordinated, Russia automatically becomes an empire.” – Zbigniew Brzezenski (quoted by Tim Judah in “Ukraine on the Brink”)

“We used to make shit in this country. Built shit. Now we just put our hand in the next guy’s pocket.” – David Simon and George Pelecanos, “Bad Dreams,” The Wire

“The one irredeemable error of a supply program is not too much, but too little.” – “Report of War Department Procurement Review Board” (quoted in Robert W. Coakley and Richard M. Leighton, Global Logistics and Strategy: 1943-1945)

“A man is master of his liberty; time is their master; and, when they see time, they’ll go or come.” – William Shakespeare, The Comedy of Errors

“Foul cankering rust the hidden treasure frets, but gold that’s put to use more gold begets.” – William Shakespeare, Venus and Adonis

“Every defect in a man, and in others’ way of taking him, our agreement that gold has value gives us power to rise above.” – Regina Corrado, “Unauthorized Cinnamon”, Deadwood

“No man is called happy till his death, and all the taxes at his wake and funeral paid.” – Ovid, The Metamorphoses, Book III, “Cadmus” (trans. Horace Gregory)

“True power does not need arrogance, a long beard and a barking voice. True power strangles you with silk ribbons, charm, and intelligence.” – Oriana Fallaci (as quoted by Slavoj Žižek in First As Tragedy, Then As Farce)

“There is no such thing as a neutral market: in every particular situation, market configurations are always regulated by political decisions. The true dilemma is thus not ‘Should the state intervene?’ but ‘What kind of state intervention is necessary?’” – Slavoj Žižek, First As Tragedy, Then As Farce

“Russia is basically a millennium-long project of colonizing the vast expanses of Great Russian plains, Siberia and Far East. Our economic foundation has always been extracting natural resources from these lands and selling them to our neighbors.” – Dima Vorobiev (propaganda executive for the Soviet Union, 1980–1991), “Why was the Soviet Union behind in computer science compared to USA?”

“The government’s greatest power to change the landscape isn’t with bulldozing or bombs, it’s the ability to transform nature into squares, with a simple stroke of the pen.” – Noah Caldwell-Gervais, The Lincoln Highway: Across America on the First Transcontinental Motor Route

“Sometimes I’m grateful that no one uses my washcloth. And that I can go to the store and buy brand new sponges at any time . . .” – Lydia Davis, “March, Excerpts from a Journal, January to June, 1997 ” (ellipsis and emphasis in original)

“To work for crumbs or to keep from the lash says maybe a slave’s what you are.” – David Milch and Regina Corrado, “I Am Not the Fine Man You Take Me For,” Deadwood

“No nation is rich enough or productive enough to supply and maintain battlefronts where there is no longer a battle.” – War Department “Reports on Overseas Construction” (quoted by Richard M. Leighton and Robert W. Coakley, Global Logistics and Strategy: 1940-1943)

“During the first nineteen months of its participation in World War II, the U.S. Army purchased almost 950,000 trucks, nineteen times the number it had procured during the corresponding period of World War I. From Pearl Harbor to V-J Day it procured for its own and Allied forces some 84,000 tanks, 2.2 million trucks, 6.2 million rifles, 350,000 artillery pieces, .5 billion rounds of ground artillery ammunition, 41 billion rounds of small arms ammunition. It shipped overseas 127 million measurement tons of cargo, and 7.3 million troops and other passengers.” – Richard M. Leighton and Robert W. Coakley, Global Logistics and Strategy: 1940-1943

“Any politician should be put in jail who votes for an appropriation bill and fails to vote the tax to pay for it.” – Lt. Gen. George S. Patton, Jr.

“The early Christians were (in the strictly technical sense) communists, as the book of Acts quite explicitly states. If these are indeed the Last Days, as James says—if everything is now seen in the light of final judgment—then storing up possessions for ourselves is the height of imprudence. And I imagine this is also why subsequent generations of Christians have not, as a rule, been communists: the Last Days are in fact taking quite some time to elapse, and we have families to raise in the meantime.” – Richard Bentley Hart, “Introduction” to The New Testament: A Translation (emphasis in original)