“It is one of the greatest economic errors to put any limitation upon production.We have not the power to produce more than there is a potential to consume.” WisdomPoliticsEconomyEconomicProduceErrorsProductionsLimitationLiberalism Author:Louis D. Brandeis
“The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.” Has BeensPoliticalOpinionEconomySourceDependsDemandErrorsProportionCommodityAxiomsPolitical EconomySupply And Demand Book:The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch Source: The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch
“Marx set out to resolve the contradictions and to correct the errors in classical political economy. In this he thought he had succeeded very well. Judging by the sound and the fury of the controversy surrounding his interpretations, he either succeeded too well or deluded himself to the success of his enterprise.” WellsPoliticalSoundEconomyJudgingErrorsEnterpriseContradictionResolveInterpretationControversyFuryDeludedPolitical Economy Author:David Harvey
“Behold our refutation of the error. It is not based on documents of faith, but on the reasons and statements of the philosophers themselves. If then anyone there be who, boastfully taking pride in his supposed wisdom, wishes to challenge what we have written, let him not do it in some corner nor before children who are powerless to decide on such difficult matters. Let him reply openly if he dare. He shall find me there confronting him, and not only my negligible self, but many another whose study is truth.” IfsChildrenSelfMatterReasonPoliticsWishDifficultChallengesEconomyStudyWrittenPrideErrorsPhilosopherDareCornersStatementsLiberalismDocumentsPowerlessFind MeConfrontingRefutationIf Then Author:Thomas Aquinas
“To the labor of man alone Smith ascribes the power of producing values. This is an error. A more exact analysis demonstrates... that all the values are derived from the operation of labor, or rather from the industry of man, combined with the operation of those agents which nature and capital furnish him.” MenValuesPoliticsEconomyIndustryLaborErrorsAgentsOperationsAnalysisLiberalism Author:Jean-Baptiste Say
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind--no matter how ultimately profitable or otherwise successful some of them might prove to be--there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.” NeedsKindIdeasSometimesMatterUseMightGrowsBusinessCitiesEconomySuccessfulImpossibleStreetsBuildingProveErrorsTrialsConstructionNew IdeasProfitableVigorousExperimentationOverheadOld IdeasOld Buildings Author:Jane Jacobs