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Industry Quotes

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Industry Quotes

“Now, wages in the automobile industry are made up of two components, what we call base rates and the cost of living factor which is fed in by the operation of the escalator.”

Made Two Industry Cost Rate Factors Operations Feds Wages Components Automobile Cost Of Living Escalators Automobile Industry

Author:Leonard Woodcock

“Capital can seldom be made productive, without undergoing several changes both of form and of place, the risk of which is always more or less alarming to persons unaccustomed to the operations of industry; whereas, on the contrary, landed property produces without any change of either quality or position.”

Persons Made Form Quality Risk Position Produce Industry Property Contrary Operations Productive

Book:A treatise on political economy, or, the production, distribution, and consumption of wealth

Source: A treatise on political economy, or, the production, distribution, and consumption of wealth

“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.”

Men Values Politics Economy Industry Labor Errors Agents Operations Analysis Liberalism

Author:Jean-Baptiste Say

“But though a funded debt is not in the first instance, an absolute increase of Capital, or an augmentation of real wealth; yet by serving as a New power in the operation of industry, it has within certain bounds a tendency to increase the real wealth of a Community, in like manner as money borrowed by a thrifty farmer, to be laid out in the improvement of his farm may, in the end, add to his Stock of real riches.”

Source: The Political Economy of the American Revolution