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Quote by Leo Tolstoy

“In my considered opinion, salary is payment for goods delivered and it must conform to the law of supply and demand. If, therefore, the fixed salary is a violation of this law - as, for instance, when I see two engineers leaving college together and both equally well trained and efficient, and one getting forty thousand while the other only earns two thousand , or when lawyers and hussars, possessing no special qualifications, are appointed directors of banks with huge salaries - I can only conclude that their salaries are not fixed according to the law of supply and demand but simply by personal influence. And this is an abuse important in itself and having a deleterious effect on government service.”

Quote by Leo Tolstoy

Work

ANNA KARENINA

Anna Karenina is a profound literary work that delves into the complexities of human relationships and the impact of societal expectations on individual lives. The story follows the tragic fate of Anna, a married woman who falls in love with Count Vronsky, leading to a series of dramatic events that challenge the moral and social fabric of her world. more

Author

Leo Tolstoy
Leo Tolstoy

Leo Tolstoy was a Russian writer and thinker, a prominent representative of 19th-century Russian literature. His works deeply revealed social contradictions and human nature, and had a profound impact on the world. more

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“What most of these doomsday scenarios have gotten wrong is the fundamental idea of economics: people respond to incentives. If the price of a good goes up, people demand less of it, the companies that make it figure out how to make more of it, and everyone tries to figure out how to produce substitutes for it. Add to that the march of technological innovation (like the green revolution, birth control, etc.). The end result: markets figure out how to deal with problems of supply and demand.”