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Economic Quotes

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Economic Quotes

“Lastly, there is bankruptcy, as the United States pours its economic resources into ever more grandiose military projects and shortchanges the education, health, and safety of its citizens.”

States America United United States Economic Military Citizens Projects Resources Safety Bankruptcy Grandiose Health And Safety Economic Resources

Author:Chalmers Johnson

“The skills and productivity of American Workers, not to mention the taxes they pay, are the greatest economic resource our country has. To condemn large numbers of them to unemployment, to deprive the Treasury of their tax contributions and to force them to live on unemployment at public expense is the most expensive luxury any society ever chose to buy.”

“Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor at some level. That's the way the system works. And since we know that the system will not change the rules, we are going to have to change the system.”

Knows Way Doe Poor Levels Rich Economic Conscience Capitalism Resources Flow Permit Doomed Privileged Riches And Poors Economic Resources

Author:Martin Luther King, Jr.

“To build a twenty-first-century economy, America must revive a nineteenth-century habit--investing in the common, national economic resources that enable every person and every firm to create wealth and value.”

Firsts Persons America Values Wealth Common Economy Economic Century Habit Resources Twenties Investing Firm Nineteenth Century Revive Economic Resources

Author:William J. Clinton

“One of the most important features of our economic resources is their scarcity: land, labor, and capital goods factors are all scarce, and may all be put to various possible uses. The free market uses them 'productively' because the producers are guided, on the market, to produce what the consumers most need: automobiles, for example, rather than buggies.”

“The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system.”

Economic Possibility Majors Capitalism Resources Enterprise Free Society Private Enterprise Economic Resources

Book:Tax limitation, inflation and the role of government

Source: Tax limitation, inflation and the role of government

“According to the management expert Peter F. Drucker, the term "entrepreneur" (from the French, meaning "one who takes into hand") was introduced two centuries ago by the French economist Jean-Baptiste Say to characterize a special economic actor-not someone who simply opens a business, but someone who "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield." The twentieth-century growth economist Joseph A. Schumpeter characterized the entrepreneur as the source of the "creative destruction" necessary for major economic advances.”

Source: How to Change the World: Social Entrepreneurs and the Power of New Ideas