Long run Quote by Henry Hazlitt
““This is perhaps as good a place as any to point out that what distinguishes many reformers from those who cannot accept their proposals is not their greater philanthropy, but their greater impatience. The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real question concerns the proper means of achieving it. And in trying to answer this we must never lose sight of a few elementary truisms. We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it produces.””
About This Quote
Reformers often differ in patience, not generosity; the core issue is how to create wealth, not merely redistribute it.
In simple terms: Wealth creation limits redistribution.
Effective reform needs realistic economic constraints.
Themes
Mood
Type
When to use this quote
- policy debates
- nonprofit strategy
- government budgeting
- social welfare planning
Key Concepts
Practical Applications
- designing sustainable tax reforms
- guiding charitable investment strategies
Questions to Reflect On
- What mechanisms can increase total wealth before redistribution?
- How can reformers balance urgency with realistic economic limits?
Some argue that wealth can be generated through redistribution mechanisms, but historical evidence shows growth depends on production, not mere allocation.