“The secret to economic growth lay in the fact that that each generation attacked Nature not only with its own energies and resources, but with the heritage of equipment accumulated by its forebears.” FactsEnergyGrowthSecretGenerationsEconomicResourcesLaysHeritageEquipmentEconomic Growth Book:The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers Source: The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers
“There was no simple riddance to the power of a dangerous political idea; no assassination possible to avert a disruptive change in technology; no natural death to be counted on to stop an economic change that ripped up ancestral estates or stirred up class discontent.” IdeasPoliticalNaturalSimpleClassTechnologyEconomicDangerousEstatesDiscontentAssassinationRippedDisruptiveAvertNatural DeathEconomic ChangeRiddance Author:Robert Heilbroner
“In the end the question is: Who is to be master, man or his machines? As long as the control over technology rests primarily on economic calculation, the victor is not likely to be man.” MenLongEndsTechnologyEconomicMastersMachinesCalculations Author:Robert Heilbroner
“Smith, as we have said, was not the proponent of any one class. He was a slave to his system. His whole economic philosophy stemmed from his unquestioning faith in the ability of the market to guide the system to its point of highest return. The market — that wonderful social machine — would take care of society's needs if it was left alone. "Consumption is the sole end and purpose of all production," he wrote.” IfsNeedsTryingPhilosophyWholeCareLeftSocialAbilityClassWonderfulEconomicProductsReturnLetting GoHighestCapitalismMachinesSlaveTake CareGuidesSelfishnessAdamLeft Alone Author:Robert Heilbroner
“If one could divine the nature of the economic forces in the world, one could foretell the future.” IfsWorldForceNatureEconomicDivineDivinity Author:Robert Heilbroner
