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Economics Quotes

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Economics Quotes

“Once it has been perceived that the division of labour is the essence of society, nothing remains of the antithesis between individual and society. The contradiction between individual principle and social principle disappears.”

Has Beens Individual Social Principles Economics Essence Remains Disappear Socialism Contradiction Labour Division Individualism Collectivism Antithesis Individuals And Society

Author:Ludwig von Mises

“The division of labour was limited by the extent of the market”

Economics Labour Division

Author:Adam Smith

“If we can but prevent the government from wasting the labours of the people, under the pretence of taking care of them, they must become happy.”

People Ifs Government Care America Politics Capitalism Economics Labour Founding Banking Our Founding Fathers Us Founding Fathers Pretence

Book:The Papers of Thomas Jefferson, Volume 39: 13 November 1802 to 3 March 1803

Source: The Papers of Thomas Jefferson, Volume 39: 13 November 1802 to 3 March 1803

“One of the jewels in the crown of Labour's time in office was the rescue of the National Health Service. As the Commonwealth Fund, the London School of Economics and the Nuffield Foundation have all shown, health reforms as well as additional investment were essential to improved outcomes, especially for poorer patients.”

Wells School Essentials Office Economics Foundation Investment Patient London Reform Outcomes Labour Fund Rescue Crowns Jewels Commonwealth Health Services Health Reform

Author:David Miliband

“As our economy faces up to potential labour shortages due to our ageing population and as it moves to a new level of sophistication to compete with the rest of the world, we're going to need every Australian on board pulling their weight, rejoining the workforce, gaining new skills. Writing off individuals and communities suffering from poverty just creates a dead weight for our economy to drag along.”

“The understanding which has driven New Labour's reform is to put the individual citizen - the patient, the parent, the pupil, the law abiding citizen - at the centre of each public service, with the service reformed to meet their individual requirements”

Law Individual Parent Understanding Citizens Economics Patient Driven Reform Labour Requirements Centre Abiding Public Service Pupils Law Abiding Citizen

Author:Tony Blair

“It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported”

Ifs Heart May Country Matter Principles Economic Return Advantage Economics Labour Commodity Corn Imports Comparative Advantage

Author:David Ricardo

“Let us remember that the automatic machine is the precise economic equivalent of slave labor. Any labor which competes with slave labor must accept the economic consequences of slave labor.”

Remember Accepting Technology Economic Consequence Economics Labor Machines Slave Labour Mathematician Precise Competing Slave Labor

Book:The human use of human beings: cybernetics and society

Source: The human use of human beings: cybernetics and society