Economics Quote by Dan Hancox

“Production is carried on for profit, not for use. There is no provision that all those able and willing to work will always be…

— Albert Einstein

“there is a point at which efficiency crosses over into lunacy, and the savings in money or resources cease to be worthwhile in light…

— Mary Roach

“In practice nobody cares whether work is useful or useless, productive or parasitic; the sole thing demanded is that it shall be profitable.”

— George Orwell

“What I am getting at is that there is a point at which efficiency crosses over into lunacy, and the savings in money or…

— Mary Roach

“A crucial part of the modern capitalist economy was the emergence of a new ethic, according to which profits ought to be reinvested in…

— Yuval Noah Harari

If we cannot make a profit, that means we are committing a sort of crime against society. We take society's capital, we take their…

— Konosuke Matsushita

“A businessman who expects his output to be stolen, expropriated, or entirely taxed away will have little incentive to work, let alone any incentive…

— Daron Acemoğlu

“To despise riches, may, indeed, be philosophic, but to dispense them worthily, surely, must be more beneficial to mankind.”

— Frances Burney

“Capitalism always draws from the cheap labor pool; the profit is greater when the expense is limited”

— Michael Schwalbe

Profit is the sole criterion used by the establishment to evaluate economic activity. From the rat race to lame ducks. The vocabulary in vogue…

— Jimmy Reid

“The economists exploded the old tenets: that it is unfair and unjust to outdo a competitor by producing better and cheaper goods; that it…

— Ludwig von Mises

In capitalism, profit does not come out of another man's hardship; it comes out of new production of new wealth that's never existed before.

— Andrew Joseph Galambos