William Vickrey

Nearly all educational expenditure should be considered a capital outlay, whether it provides a future return in the form of enhanced taxable income or in terms of an enhanced quality of life. ↗

— William Vickrey

#considered #educational #enhanced #expenditure #form

Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job paying a living wage within 48 hours. ↗

— William Vickrey

#any #available #desirable #employment #find

The nominal budget is a poor indicator of the impact of government outlays and revenues. ↗

— William Vickrey

#government #impact #indicator #nominal #poor

The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure. ↗

— William Vickrey

#effect #enter #exert #high #inflationary

There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government. ↗

— William Vickrey

#balanced #budget #except #government #justification

There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment. ↗

— William Vickrey

#cannot #employment #full #genuine #inherent

This paper was one of my digressions into abstract economics. ↗

— William Vickrey

#economics #into #paper