A Quote by Nassau William Senior
That the powers of labour, and of the other instruments which produce wealth, may be indefinitely increased by using their products as the means of further production.
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The annual produce of the land and labour of any nation can be increased in its value by no other means, but by increasing either the number of its productive labourers, or the productive powers of those labourers who had before been employed.
The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.
LABOUR, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, on with another, to subsist and to perpetuate their race, without either increase or diminution.
I don't play any instruments. I don't produce. I don't know which keys or chords I am using, so, in essence, I need the band and the production team - otherwise, I am just some guy with a hat and a song.
There are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means.
For as wealth is power, so all power will infallibly draw wealth to itself by some means or other; and when men are left no way of ascertaining their profits but by their means of obtaining them, those means will be increased to infinity.
All human beings seek the happy life, but many confuse the means - for example, wealth and status - with that life itself. This misguided focus on the means to a good life makes people get further from the happy life. The really worthwhile things are the virtuous activities that make up the happy life, not the external means that may seem to produce it.
In the performance of an illocutionary act in the literal utterance of a sentence, the speaker intends to produce a certain effect by means of getting the hearer to recognize his intention to produce that effect; and furthermore, if he is using the words literally, he intends this recognition to be achieved in virtue of the fact that the rules for using the expressions he utters associate the expression with the production of that effect.
Oil production should peak out around the world in the early 1990s...That means in five years' time we may have chewed up most of the possibility of further expansion of oil production.
Indeed, the whole human species is endangered, by nuclear weapons or by other means of wholesale destruction which further advances in science are likely to produce.
Further, the same Arguments which explode the Notion of Luck, may, on the other side, be useful in some Cases to establish a due comparison between Chance and Design: We may imagine Chance and Design to be, as it were, in Competition with each other, for the production of some sorts of Events, and may calculate what Probability there is, that those Events should be rather be owing to the one than to the other.
To control the production of wealth is to control human life itself. To refuse man the opportunity for the production of wealth is to refuse him the opportunity for life; and, in general, the way in which the production of wealth is by law permitted is the only way in which the citizens can legally exist.
We want to see...the efficient production and use of energy, so that the products we produce and the way we produce them pose no threat to the world's natural environment...economic development...so that more and more of the world's population can enjoy...the things which the energy industry supplies...(and) a society in which ideas and knowledge move freely.
The words Socialism and Communism have the same meaning. They indicate a condition of society in which the wealth of the community: the land and the means of production, distribution and transport are held in common, production being for use and not for profit.
THERE is scarcely any inquiry more curious, or, from its importance, more worthy of attention, than that which traces the causes which practically check the progress of wealth in different countries, and stop it, or make it proceed very slowly, while the power of production remains comparatively undiminished, or at least would furnish the means of a great and abundant increase of produce and population.
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