--- title: "Meaning & Key Takeaway of: It is preferable to regard labour…" description: "\"It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of productio..." image: "https://sms4smile.com/quotes/i/283/john-maynard-keynes-1380_able_it-is-preferable-to-regard-labour-includ_1227575.jpg" --- # It is preferable to regard labour, including, of course… ![“It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take…” quote by John Maynard Keynes](https://sms4smile.com/quotes/i/283/john-maynard-keynes-1380_able_it-is-preferable-to-regard-labour-includ_1227575.jpg) [Download](https://sms4smile.com/quotes/i/283/john-maynard-keynes-1380_able_it-is-preferable-to-regard-labour-includ_1227575.jpg) [Open image](https://sms4smile.com/quotes/i/283/john-maynard-keynes-1380_able_it-is-preferable-to-regard-labour-includ_1227575.jpg) > “It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.” [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Keynes argues that labor is the fundamental productive factor, independent of capital, money, or time, within a given technical and resource context. **In simple terms:** Labor is the core productive element. Key Takeaway Focus on labor productivity. Themes economics production labor theory policy Mood analytical critical Type theoretical policy. When to use this quote - industrial planning - business strategy - public policy - education curricula Key Concepts Keynesian economics factor of production effective demand Questions to Reflect On - How can we balance labor focus with technological innovation? - What policies ensure effective demand? A Different Perspective Labor alone cannot drive growth without technology and demand. ★ ★ ★ ★ ★ No ratings yet [Able](https://sms4smile.com/quotes/about/able/) [Able Labour](https://sms4smile.com/quotes/about/able-labour-3782970/) [Assistants](https://sms4smile.com/quotes/about/assistants/) [Business](https://sms4smile.com/quotes/about/business/) [Courses](https://sms4smile.com/quotes/about/courses/) [Demand](https://sms4smile.com/quotes/about/demand/) [Economic](https://sms4smile.com/quotes/about/economic/) [Economic system](https://sms4smile.com/quotes/about/economic-system/) [Economic systems](https://sms4smile.com/quotes/about/economic-systems/) [Economy](https://sms4smile.com/quotes/about/economy/) [Entrepreneur](https://sms4smile.com/quotes/about/entrepreneur/) [Environment](https://sms4smile.com/quotes/about/environment/) [Equipment](https://sms4smile.com/quotes/about/equipment/) [Factors](https://sms4smile.com/quotes/about/factors/) [Factors of production](https://sms4smile.com/quotes/about/factors-of-production/) [Given](https://sms4smile.com/quotes/about/given/) [Has beens](https://sms4smile.com/quotes/about/has-beens/) [Including](https://sms4smile.com/quotes/about/including/) [Labour](https://sms4smile.com/quotes/about/labour/) [Labour Including](https://sms4smile.com/quotes/about/labour-including-3782968/) [Labour Sole](https://sms4smile.com/quotes/about/labour-sole-3782969/) [Liberalism](https://sms4smile.com/quotes/about/liberalism/) [Natural](https://sms4smile.com/quotes/about/natural/) [Natural resources](https://sms4smile.com/quotes/about/natural-resources/) [Politics](https://sms4smile.com/quotes/about/politics/) [Productions](https://sms4smile.com/quotes/about/productions/) [Regard](https://sms4smile.com/quotes/about/regard/) [Regard Labour](https://sms4smile.com/quotes/about/regard-labour-3782967/) [Resources](https://sms4smile.com/quotes/about/resources/) [Sole](https://sms4smile.com/quotes/about/sole/) [Technique](https://sms4smile.com/quotes/about/technique/) [Units](https://sms4smile.com/quotes/about/units/) ## Related quotes > [No, I didn't think of myself as an idealist. 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