A Quote by William Stanley Jevons
I feel quite unable to adopt the opinion that the moment goods pass into the possession of the consumer they cease altogether to have the attributes of capital.
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Toleration, holding that every other man has the same right to his opinion and faith that we have to ours; and liberality, holding that as no human being can with certainty say, in the clash and conflict of hostile faiths and creeds, what is truth, or that he is surely in possession of it, so everyone should feel that it is quite possible that another equally honest and sincere with himself, and yet holding the contrary opinion, may himself be in possession of the truth.
Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad.
The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.
The iPad falls between two stools - not quite a laptop, not quite a smartphone. In other words, it's the spork of the electronic consumer goods world.
Instead of investing in the goods as they pass between producer and consumer, as the merchant does, the businessman now invests in the processes of industry.
Peace is only possible if men cease to place their happiness in the possession of things "which cannot be shared," and if they raise themselves to a point where they adopt an abstract principle superior to their egotisms. In other words, it can only be obtained by a betterment of human morality.
Capital, however capital may be defined, would practically cease to exist as an income producing fund, for the simple reason that if money, wherewith to buy capital, could be obtained for one-half of one per cent, capital itself could command no higher price.
True happiness flows from the possession of wisdom and virtue and not from the possession of external goods.
In order to help small businesses gain access to the credit and capital they need to run their business successfully, Congress must adopt policies that support functional capital markets without imposing undue restrictions on providers of debt and equity capital.
the principal sources of human misery may fairly be said to lie in the over-possession, under-possession, and the unwise use of economic goods.
Excess consumption doesn't make people happy. We can continue to provide for our needs, but we can't continue the endless pursuit of ever more consumer goods. There is no energy source that can provide enough consumer goods to meet our human and emotional needs; there never has been, and that's why it's been such a fruitless pursuit.
... in a capitalist society a man is expected to be an aggressive, uncompromising, factual, lusty, intelligent provider of goods,and the woman, a retiring, gracious, emotional, intuitive, attractive consumer of goods.
As a lot of the venture capital world seems to be shifting away from consumer, we want to make sure that consumer entrepreneurs know there's still money available.
Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.
The Obama administration has been unable to call Jerusalem the capital of Israel because the Palestinians want to claim it as their capital in a future state.
If the underdog were always right, one might quite easily try to defend him. The trouble is that very often he is but obscurely right, sometimes only partially right, and often quite wrong; but perhaps he is never so altogether wrong and pig-headed and utterly reprehensible as he is represented to be by those who add the possession of prejudices to the other almost insuperable difficulties of understanding him.
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