Quotation Library
Economic Growth
The ideas of economists and political philosophers… are more powerful than is commonly understood.
The wealth of a nation consists not in the abundance of its revenue, but in the abundance of its capital.
Consumption is the sole end and purpose of all production.
Economic growth without social progress lets the great majority of people remain in poverty.
The inherent vice of capitalism is the unequal sharing of blessings.
Development is about transforming the lives of people, not just transforming economies.
The goal of development is freedom.
Growth is never by mere chance; it is the result of forces working together.
The engine that drives Enterprise is not Thrift, but Profit.
Productivity isn’t everything, but in the long run, it is almost everything.
Trade can be a force for development.
Industry is the soul of business and the keystone of prosperity.
The progress of nations depends upon the progress of education.
A country’s wealth ultimately depends on its capacity to produce goods and services.
Economic growth is the foundation of human progress.
The rise in productivity is the only sustainable basis for real wage growth.
Capital is that part of wealth which is devoted to obtaining further wealth.
The art of economics consists in looking not merely at the immediate but at the longer effects.
Development is the new name for peace.
There is no substitute for hard work.
The wealth of a society is measured by the health of its people.
The way to become rich is to put all your eggs in one basket and then watch that basket.
Markets are usually a good way to organize economic activity.
Prosperity is only an instrument to be used, not a deity to be worshipped.
Economic progress is essential to political stability.
The circulation of confidence is better than the circulation of money.
Without economic development, any potential for political openness and freedom will be questionable.
Finance is, as it were, the stomach of the country, from which all the other organs take their tone.
The problem is not that people are taxed too little; the problem is that the government spends too much.
Work, work, and work, and we are bound to success.