A Quote by John Maynard Keynes
But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
Related Quotes
There is no intrinsic reason for the scarcity of capital.
Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.
Capitalism has created a situation called scarcity. And that scarcity is not natural, it's socially induced. Along with that sense of scarcity, or feeling of scarcity, is a feeling of economic insecurity. Along with that is a feeling of deprivation... And unless we can demonstrate that that feeling is not justified technologically, we will not be able to speak intelligently to the great majority of people and reorganize our economy so that we really know what needs are rational and human and what have been created, almost fetishisticaly, by the capitalist economy.
In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value.
Hunger is not caused by a scarcity of food but a scarcity of democracy.
In essence, the stock market represents three separate categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.
If you're going to buy a real book, a paper book, there better be a good reason. Perhaps scarcity is one of those reasons.
According to classical utilitarianism, the only intrinsic good is happiness; the only intrinsic bad is pain. That implies no intrinsic value in preserving nature, that preserving an endangered plant is valuable only if it benefits humans or other animals. Intuitively, that seems wrong but perhaps I shouldn't trust my intuition here.
Maybe scarcity isn't always a bad thing. Maybe scarcity is something to seek out, to fabricate for oneself.
Discrimination is simply the act of choice. Scarcity requires us to choose; scarcity is the cause of discrimination!
Yes, there is a crisis of hunger on the planet, but hunger is not caused by a scarcity of food but a scarcity of democracy.
There is no scarcity of opportunity to make a living at what you love; there's only scarcity of resolve to make it happen.
One of the most important features of our economic resources is their scarcity: land, labor, and capital goods factors are all scarce, and may all be put to various possible uses. The free market uses them 'productively' because the producers are guided, on the market, to produce what the consumers most need: automobiles, for example, rather than buggies.
The common fluency of speech in many men, and most women, is owing to a scarcity of matter and a scarcity of words; for whosoever is a master of language, and hath a mind full of ideas, will be apt, in speaking, to hesitate upon the choice of both.
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.
Why precisely do we want to change land ownership? The answer seems to me to be quite clear: to inhibit land speculation, to inhibit the private exploitation of the scarcity-value of land, to inhibit as we might say the cornering of land.
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