A Quote by Henry Hazlitt

In a free enterprise system, with an honest and stable money, there is dominantly a close link between effort and productivity, on the one hand, and economic reward on the other. Inflation severs this link. Reward comes to depend less and less on effort and production, and more and more on successful gambling and luck.

Henry Hazlitt

Quote Topics

Between Close Depend Economic Effort Enterprise Free Free Enterprise Free Enterprise System Gambling Hand Honest Inflation Less Link Luck Money More More And More Other Production Productivity Reward Stable Successful System

Quote Author

Henry Hazlitt
American - Philosopher
November 28, 1894 - July 9, 1993

The best results are achieved by using the right amount of effort in the right place at the right time. And this right amount is usually less than we think we need. In other words, the less unnecessary effort you put into learning, the more successful you'll be... the key to faster learning is to use appropriate effort. Greater effort can exacerbate faulty patterns of action. Doing the wrong thing with more intensity rarely improves the situation. Learning something new often requires us to unlearn something old.

Tony Buzan

Taxes on capital, taxes on labor, inflation, bureaucratic regulation, minimum wage laws, are all - to different degrees - unnecessary slices of the wedge that stand between an individual's effort and reward for that effort.

Jack Kemp

If I just simply let go, and allow my hand, my arm, to be more of a support system, suddenly - I have more dynamic with less effort. Much more, and I just feel, at last, one with the stick, and one with the drum.

Evelyn Glennie

No art or learning is to be pursued halfheartedly...and any art worth learning will certainly reward more or less generously the effort made to study it.

Murasaki Shikibu

I gather that the dopaminergic system in the reward centres of the brain respond even more vigorously to the expectation of reward than to reward itself. Hence, perhaps, the disappointment.

Semir Zeki

Now I approach climbing differently. I have learned less effort and energy, less obsession, and more feeling, as with piano, more emphasis and less frenzy.

Pat Ament

Tennis can be a very frustrating sport. There is no way around the hard work. Embrace it. You have to put in the hours because there is always something you can improve. [Y]ou have to put in a lot of sacrifice and effort for sometimes little reward but you have to know that, if you put in the right effort, the reward will come.

Roger Federer

Nothing disturbs me more than the downward trend of productivity in our nation today. The consequences of a decrease in productivity are a diminished standard of living, higher labor costs, less competitive prices, and more inflation.

Robert S. Strauss

It turns out that dopamine is a chemical on double duty in the brain. Along with its role in motor commands, it also serves as the main messenger in the reward systems, guiding a person toward food, drink, mates, and all things useful for survival. Because of its role in the reward system, imbalances in dopamine can trigger gambling, overeating, and drug addiction - behaviors that result from a reward system gone awry.

David Eagleman

The reward of a work is to have produced it; the reward of effort is to have grown by it.

Antonin Sertillanges

The key to a better life: Complain less, appreciate more. Whine less, laugh more. Talk less, listen more. Want less, give more. Hate less, love more. Scold less, praise more. Fear less, hope more.

Michael Josephson

The less unnecessary effort you put into learning, the more successful you'll be . . . Doing the wrong thing with more intensity rarely improves the situation.

Tony Buzan

Fight less, cuddle more. Demand less, serve more. Text less, talk more. Criticize less, compliment more. Stress less, laugh more. worry less, pray more. With each new day, find new ways to love each other even more.

Dave Willis

If there's anything you want to do and you can't figure out why you're not doing it, there's a simple answer: you link more pain to doing it than not doing it. Hey, if you don't have enough money, for example I know that's an issue for a lot of people. It was for a good deal of my life. If you don't have money there's only one reason: you link more pain to having more money than to not having it.

Tony Robbins

The road to economic well-being is to reward productive economic activity and to provide a moderate and predictable growth of money to finance real economic growth without reigniting the fires of inflation.