A Quote by Dale T. Mortensen

Although labor income is by far the largest component of gross national product, a job is not just a commodity. For many, work is an important reason for living. Even for those who are less fortunate in their allocation of work, being unemployed is a miserable state.

Dale T. Mortensen

Quote Topics

Allocation Although Being Commodity Component Even Far Fortunate Gross Important Income Job Just Labor Largest Less Less Fortunate Living Many Miserable National Product Reason State Those Unemployed Work

Quote Author

Dale T. Mortensen
American - Economist
February 2, 1939 - January 9, 2014

Labor, being itself a commodity, is measured as such by the labor time needed to produce the labor-commodity. And what is needed to produce this labor-commodity? Just enough labor time to produce the objects indispensable to the constant maintenance of labor, that is, to keep the worker alive and in a condition to propagate his race. The natural price of labor is no other than the wage minimum.

Karl Marx

If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up.

Michael Hudson

Gross National Happiness is more important than Gross Domestic Product. attr to Buthan's King Jigme Singye Wangchuck

John Robbins

I'm a product of state schools. I had a working-class family. We had no books. I was the first to go to college. But I didn't really think about it, or about making money. I was just going to be an artist, and I've been fortunate. I've never had to work for anybody nor have I had to write for money. Maybe that's another reason that I've been able to be productive. I haven't had to use my writing to make a living.

T.C. Boyle

Higher education is booming in the United States; the Gross National Mind is mounting along with the Gross National Product.

Malcolm Muggeridge

The assets of the Jewish National Home must be created exclusively through our own work, for only the product of the Hebrew labor can serve as the national estate.

David Ben-Gurion

Labor is work that leaves no trace behind it when it is finished, or if it does, as in the case of the tilled field, this product of human activity requires still more labor, incessant, tireless labor, to maintain its identity as a 'work' of man.

Mary McCarthy

PepsiCo is the largest food-and-beverage company in the United States, and the second-largest in the world after Nestle. If PepsiCo were a country, the size of its economy - sixty billion dollars in revenues in 2010 - would put it sixty-sixth in gross national product, between Ecuador and Croatia.

John Seabrook

From the point of view of the economy, the sale of weapons is indistinguishable from the sale of food. When a building collapses or a plane crashes, it?s rather inconvenient from the point of view of those inside, but it?s altogether convenient for the growth of the gross national product, which sometimes ought to be called the "gross criminal product."

Eduardo Galeano

The Foreign Office is a very important arm of the British state and I think Britain has a fantastic diplomatic service. We are the only country in the world spending 2% of our national income on defence and 0.7% of our national income on aid. We are the only country in the world doing both of those things.

George Osborne

Understand then all of you, especially the young, that to want to impose an imaginary state of government on others by violence is not only a vulgar superstition, but even a criminal work. Understand that this work, far from assuring the well-being of humanity is only a lie, a more or less unconscious hypocrisy, camouflaging the lowest passions we posses.

Leo Tolstoy

The issue that's really, really concerning is that you have eight million prime age men who have dropped out of the labor force, folks who aren't even looking for work. You can create job growth all day, but unless you start to do the things that bring those labor force dropouts back into the job market, you're not going to solve the problems.

James Vance

Work, work, proletarians, to increase social wealth and your individual poverty; work, work, in order that becoming poorer, you may have more reason to work and become miserable. Such is the inexorable law of capitalist production.

Paul Lafargue

Collectivism doesn't work because it's based on a faulty economic premise. There is no such thing as a person's "fair share" of wealth. The gross national product is not a pizza that must be carefully divided because if I get too many slices, you have to eat the box. The economy is expandable and, in any practical sense, limitless.

P. J. O'Rourke

Achieving sustainable ways of living is inextricably linked to how we organize work in the future. State of the World 2014 makes an important contribution by illustrating how trade unions, far from being outdated, will be at the forefront of a just transition. It is a challenging compilation?coming at exactly the right time.