A Quote by James O'Shaughnessy

Industries that make goods and services that people have to buy, regardless of economic circumstances, are bound to do well whatever the economic conditions.

James O'Shaughnessy

Quote Topics

Bound Buy Circumstances Conditions Economic Goods Goods And Services Industries Make People Regardless Services Well Whatever

Quote Author

James O'Shaughnessy
American - Businessman
Born: May 24, 1960

I have read a great deal of economic theory for over 50 years now, but have found only one economic "law" to which I can find NO exceptions: Where the State prevents a free market, by banning any form of goods or services, consumer demand will create a black market for those goods or services, at vastly higher prices. Can YOU think of a single exception to this law?

Robert Anton Wilson

Better-paid workers buy more goods and services, increasing aggregate demand and baking a bigger economic pie for everyone.

Anthony Scaramucci

Money does not pay for anything, never has, never will. It is an economic axiom as old as the hills that goods and services can be paid for only with goods and services.

Albert J. Nock

Up to now, economic development has always meant that people, instead of doing something, are enabled to buy it... Economic development has also meant that, after a time, people must buy the commodity because the conditions under which they could get along without it had disappeared from their physical, social, or cultural environment.

Ivan Illich

When we hear (as we sometimes do) that (Russia's) economic output is about half the level of a decade ago or that real incomes have fallen sharply, it is worth recalling that economic statistics under the Soviet Union were hardly more reliable than any other official statements. Moreover, a country that produces what no one wants to buy, and whose workers receive wages that they cannot use to buy goods they want, is hardly in the best of economic health.

Margaret Thatcher

Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of production, but rather a yardstick for measuring economic input, economic outtake and the relative values of the real goods and services of the economic world. Money provides a method of measuring obligations, rights, powers and privileges. It provides a means whereby certain individuals can accumulate claims against others, or against the economy as a whole, or against many economies.

Louis O. Kelso

It is the potential for economic growth that provides the basis for the development of countries, for bringing to people essential goods and services, such as water to drink and facilities for healthcare.

Lee R. Raymond

[Freedom] is the greatest of political goods. I do not say freedom is the greatest of all goods: the best things come from within they are such things as creative art, and love, and thought. Such things can be helped or hindered by political conditions, but not actually produced by them; and freedom is, both in itself and in its relation to these other goods the best thing that political and economic conditions can secure.

Bertrand Russell

For when asceticism was carried out of monastic cells into everyday life, and began to dominate worldly morality, it did its part in building the tremendous cosmos of the modern economic order. This order is now bound to the technical and economic conditions of machine production which to-day determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.

Max Weber

Professional services industries like finance, consulting, and legal services are, by definition, meta-industries. That is, they serve to help large companies raise money, buy and sell each other, reorganize, implement new systems, conduct complex transactions, and so forth.

Andrew Yang

People of poor character tend to blame their choices on circumstances. Ethical people make good choices regardless of circumstances. If they make enough good choices, they begin to create better conditions for themselves.

John C. Maxwell

Those who buy in to global warming wish to drastically curb human economic and industrial activities, regardless of the consequences for people, especially the poor.

Paul Johnson

People do not buy goods and services. They buy relations, stories and magic.

Seth

The TPP supports economic growth and job creation in America while expanding access for American goods and services in the Asia-Pacific region.

Charles Boustany

Companies die because their managers focus on the economic activity of producing goods and services, and they forget that their organizations' true nature is that of a community of humans.