A Quote by Ernst Engel

He who attempts to draw any conclusion whatever as to the nation's wealth or poverty from the mere fact of a favorable or unfavorable Balance of Trade, has not grasped the first fundamental principle of Political Economy.

Ernst Engel

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Any Attempts Balance Conclusion Draw Economy Fact Favorable First Fundamental Mere Nation Political Political Economy Poverty Principle Trade Wealth Whatever

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Ernst Engel
German - Economist
March 26, 1821 - December 8, 1896

Many writers upon the science of political economy have declared that it is the duty of a nation first to encourage the creation of wealth; and second, to direct and control its distribution. All such theories are delusive.

Leland Stanford

The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price.

David Korten

[Barack] Obama, for example, he has not given up on cap-and-trade. Now, he has not been able to pass cap-and-trade, but cap-and-trade is all about redistribution of wealth in a global basis - taking money out of this country and giving it to third-world countries on the other end of the ocean. And that is redistribution of wealth in a global basis. It's fundamental Marxism.

Rafael Cruz

The fundamental principle of human action, the law, that is to political economy what the law of gravitation is to physics is that men seek to gratify their desires with the least exertion

Henry George

For a free country to continue thriving, there have to be regular reforms, because any society, any economy that stays in place, you're going to see repeated attempts to exploit the openings for twisting policy to the advantage of those who already have wealth and power.

Al Gore

As I have been arguing for a long time now, there is a real need not simply for a political economy of wealth but also for a political economy of speed.

Paul Virilio

There is little favorable to be said about poverty, but it was often an incubator of true friendship. Many people will appear to befriend you when you are wealthy, but precious few will do the same when you are poor. If wealth is a magnet, poverty is a kind of repellent. Yet, poverty often brings out the true generosity in others.

Nelson Mandela

Optimism is a tonic. Pessimism is poison. Admittedly, every businessman must be realistic. He must gather facts, analyze them candidly and strive to draw logical conclusions, whether favorable or unfavorable. He must not engage in self-delusion. He must not view everything through rose-colored glasses. Granting this, the incontestable truth is that America has been built up by optimists, not by pessimists, but by men possessing courage, confidence in the nation's destiny, by men willing to adventure to shoulder risks terrifying to the timid.

B. C. Forbes

In the United States today we have the most unequal wealth and income distribution of any major country on earth - worse than at any time since the 1920s. This is an economy that must be changed in fundamental ways.

Bernie Sanders

Dhyana is retaining one's tranquil state of mind in any circumstance, unfavorable as well as favorable, and not being disturbed or frustrated even when adverse conditions present themselves one after another.

D.T. Suzuki

The hope of a nation depends on a president that will follow through even in the most unfavorable of political climates.

Nicholas Gonzalez

It is neither favorable nor unfavorable, because no one is there to favor it.

Frederick Lenz

Pope Francis emphatically does not buy the argument that poverty can be alleviated by the 'trickle down' effects of wealth creation. He is deaf to arguments that the global economy has brought a billion people out of poverty. He is convinced, in short, that the best and only way to expel poverty is fairer distribution of the world's goods.

John Cornwell

Proponents of the Central America Free Trade Agreement have conveniently ignored this fundamental fact: the effect of trade on incomes in Central America and how to alleviate the adverse consequences of trade liberalization on the poor.

Stephen F. Lynch

One of the difficulties of politics is that politicians are shocked by those who are really prepared to let their thinking reach any conclusion. Political thinking consists in deciding upon the conclusion first and then finding good arguments for it. An open mind is considered irresponsible- and perhaps it really is.

Richard Crossman

One of the great political and economic challenges of our time is figuring out the balance between wealth that benefits society and wealth that distorts.

Adam Davidson

A Quote by Ernst Engel

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