A Quote by Simon Kuznets
A country's economic growth may be defined as a long-term rise in capacity to supply increasingly diverse economic goods to its population, this growing capacity based on advancing technology and the institutional and ideological adjustments that it demands.
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There is a clear business case for building the resilience and capacity of local communities, businesses, and institutions because a peaceful, educated, and productive population will stimulate economic growth in the long term.
I would be remiss, as a scientist who studied this, if I didn't mention the following two things: The first is that, most importantly, we need to do, as a society, in this country and globally, whatever we can to reduce population"....."Our whole economic system is based on growth, and growth of our population, and this economic madness has to end.
Capital investment in fixed assets that produce real goods is the actual driver of long term economic growth, and until slick financiers hijacked the country with 'new economy' mumbo-jumbo based on computer models and hype most Americans understood this.
President Reagan, Jack Kemp and other advocates of supply-side economics understood that pro-growth tax, spending and economic policies were essential to America's long-term economic and fiscal health.
Living in an orgy of unrestrained consumption and economic growth accompanied by population expansion that ignores the carrying capacity of local environments will lead to disaster
Obviously, the domestic need is to shape an economic policy that assures long-term healthy economic growth and a reassertion of American competitiveness in international competition.
The development of a political-economic framework to explore long-run institutional change occupied me during all of the 1980s and led to the publication of Institutions, Institutional Change and Economic Performance in 1990.
Long-term economic growth depends mainly on nonmonetary factors such as population growth and workforce participation, the skills and aptitudes of our workforce, the tools at their disposal, and the pace of technological advance. Fiscal and regulatory policies can have important effects on these factors.
My purpose is to develop a country, to empower its population. It's from that same population that will emerge the man or woman who will succeed me. And they will be chosen based on the consensus that they have the capacity to lead the country.
Economic growth won't feed a growing population living on this finite planet
Clearly, there needs to be an increase in the capacity of the railway system. That's why there are these projections of increasing the capacity to carry freight on the railways by 30% over the next five years or so, because the volume of goods moved up and down, imports, exports, and within the country, has grown much larger than the capacity. And this is part of the higher costs to business, because charges, for instance, at the ports become too high and they put up the prices of these goods, whether they are imports or exports. You want to reduce that.
Our progress as a nation can be no swifter than our progress in education. Our requirements for world leadership, our hopes for economic growth, and the demands of citizenship itself in an era such as this all require the maximum development of every young American's capacity. The human mind is our fundamental resource.
A nation with a strong defence industry will not only be more secure. It will also reap rich economic benefits - it can boost investment, expand manufacturing, support enterprise, raise the technology level and increase economic growth in the country.
Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.
It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.
The economic borderlines of our world will not be drawn between countries, but around Economic Domains. Along the twin paths of globalization and decentralization, the economic pieces of the future are being assembled in a new way. Not what is produced by a country or in a country will be of importance, but the production within global Economic Domains, measured as Gross Domain Products. The global market demands a global sharing of talent. The consequence is Mass Customization of Talent and education as the number one economic priority for all countries
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