A Quote by Gita Gopinath

GDP is a function of capital, labour and how productively you use both. — © Gita Gopinath
GDP is a function of capital, labour and how productively you use both.
An increase in the productivity of labour means nothing more than that the same capital creates the same value with less labour, or that less labour creates the same product with more capital.
The avowed policy of non-co-operation has been not to make political use of the disputes between labour and capital.
If the helplessness and isolation of labour, who have nothing to sell but their labour, can be totally removed by connecting labour with capital through a universal credit system, we'll then have other kinds of actors on the economic scene different from what the existing capitalist world would allow us to bring out.
the function of wealth is not to accumulate it but to give it away as productively and responsibly as you can.
Men in Government monopolize the necessary use of force; they are not using their energies productively; they are not milking cows. To get butter, they must use guns; they have nothing else to use.
A peculiarity of capital is that it cannot be employed productively without benefiting the community in which it is used.
The proportions, too, in which the capital that is to support labour, and the capital that is invested in tools, machinery and buildings, may be variously combined.
Knowledge is being applied to knowledge itself. It is now fast becoming the one factor in production, sidelining both capital and labour.
Would I describe myself as new Labour? I'm Labour, organised Labour. I think labels have a limited use and that's where you really get into boy stuff sometimes, just sticking on labels.
If you are moving the informal economy into the formal economy, and if the transactions which for years were never reported as part of GDP are now transacted through banking channels, it will only add to the GDP, not reduce the GDP.
As a beast of toil an ox is fixed capital. If he is eaten, he no longer functions as an instrument of labour, nor as fixed capital either.
The only irreplaceable capital an organization possesses is the knowledge and ability of its people. The productivity of that capital depends on how effectively people share their competence with those who can use it.
Capital is taxed much less than labour; subsidies going to capital, the rich, and middle-income earners greatly exceed the benefits going to the precariat and underclass.
I must emphasise that there is nothing in the Labour Party constituion that could, or should prevent people from holding opinions which favour Leninist-Trotskyism. Certainly Marxism has, and will continue to have an important function in the Labour Party.
Creativity or talent, like electricity, is something I don’t understand but something I’m able to harness and use. While electricity remains a mystery, I know I can plug into it and light up a cathedral or a synagogue or an operating room and use it to help save a life. Or I can use it to electrocute someone. Like electricity, creativity makes no judgment. I can use it productively or destructively. The important thing is to use it. You can’t use up creativity. The more you use it, the more you have.
I think both science and art are impelled by curiosity: What's really happening? How do things really function? How can I really engage with the world around me? These are questions that artists and scientists both ask.
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