#economic

If the ordinary wage-earner worked four hours a day, there would be enough for everybody and no unemployment -- assuming a certain very moderate amount of sensible organization. This idea shocks the well-to-do, because they are convinced that the poor would not know how to use so much leisure. In America men often work long hours even when they are well off; such men, naturally, are indignant at the idea of leisure for wage-earners, except as the grim punishment of unemployment; in fact, they dislike leisure even for their sons. ↗

— Bertrand Russell

#philosophy #men

Growth is limited by the necessity which is present in the least amount. And naturally, the least favorable condition controls the growth rate ↗

— Frank Herbert

#resource-economics #nature

If all you think we need to do to get this economy going and get this country on the right track is to cut government and reduce taxes, you don't understand America. America is a moral enterprise, not an economic enterprise. ↗

— Rick Santorum

#country #cut #economic #economy #enterprise

It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. ↗

— Nassim Nicholas Taleb

#economics #herd-behavior #behavior

Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people. But, of course, these motorcars, television sets and refrigerators do not make a man happy. In the instant in which he acquires them, he may feel happier than he did before. But as soon as some of his wishes are satisfied, new wishes spring up. Such is human nature. ↗

— Ludwig von Mises

#age

Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth. ↗

— William E. Simon

#consideration #economic #first #growth #innovation

It's our job as economic developers in the state to make sure any prospect receives all available incentives. ↗

— Larry Williams

#available #developers #economic #incentives #job

Everyone may be called "comrade," but some comrades have the power of life and death over other comrades. ↗

— Thomas Sowell

#death

The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist ↗

— Nassim Nicholas Taleb

#economics #economists #expertise #intellect #mind

It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that's all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better. ↗

— John Ruskin

#economics #humour #business