A Quote by Joseph Stiglitz
Growth is not an objective in itself; we should be concerned with standards of living.
Related Quotes
The Federal Reserve's objectives of maximum employment and price stability do not, by themselves, ensure a strong pace of economic growth or an improvement in living standards. The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work.
The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.
Wars are fought to gain a certain objective. War itself is not the objective; victory is not the objective; you fight to remove the obstruction that comes in the way of your objective. If you let victory become the end in itself then you've gone astray and forgotten what you were originally fighting about.
Growth is not concerned with itself.
If we are concerned about the exploitation of human workers in countries with low standards of worker protection, we should also be concerned about the treatment of even more defenceless non-human animals.
Having decisions made not in midnight deals but in the light of objective evidence and after consulting those who will be affected should itself provide some reassurance that the EU is trying to reform itself.
Our objective in regulation should be to put in place tough enough regulation and capital and liquidity standards that we level the playing field and make it costly.
Basic dance--and I should qualify the word basic--is primarily concerned with motion. So immediately you will say but the basketball player is concerned with motion. That is so--but he is not concerned with it primarily. His action is a means towards an end beyond motion. In basic dance the motion is its own end--that is, it is concerned with nothing beyond itself.
Some people welcome the flexibility of a zero-hours contract. But their growth is symptomatic of a wider issue - increasing job insecurity and falling living standards in David Cameron's Britain.
Americans live in a free country, which allows you to believe what you want. Because you think that something is true does not require that it is objectively true. The value of science concerning itself with objective truths is that we can make decisions and statements that affect everyone, which is why legislation really should be based on objective truths, not what is going on in your head.
Indian standards of artistry, and Indian standards of humanity, and Indian standards of love, and of family, devotion, commitment, stand for me as the standard for how one should behave.
Nothing which is at all times and in every way agreeable to us can have objective reality. It is of the very nature of the real that it should have sharp corners and rough edges, that it should be resistant, should be itself. Dream-furniture is the only kind on which you never stub your toes or bang your knee.
...if the fear of falling into error is the source of a mistrust in Science, which in the absence of any such misgivings gets on with the work itself and actually does know, it is difficult to see why, conversely, a mistrust should not be placed in this mistrust, and why we should not be concerned that this fear of erring is itself the very error.
The government must nurture an eco-system where the economy is primed for growth; and growth promotes all-rounddevelopment. Where development is employment-generating ; and employment is enabled by skills. Where skills are synced with production; and production is benchmarked to quality. Where quality meets global standards; and meeting global standards drives prosperity. Most importantly, this prosperity is for the welfare of all. That is my concept ofeconomic good governance and all round development.
If you're coming from America to Iraq, then how are you supposed to be objective? I mean, you could pay lip service to being objective, but how are you going to objective when you're embedded with the Marines? The Marines are saving your life every day and they're protecting you. But when you're sort of living with people who are there, we just press record and let them tell the story.
I don't think people should be primarily concerned with money or material success. They should be concerned with doing that which is right and being in harmony with the way of life.
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