Determined Quote by William Stanley Jevons
“I consider that interest is determined by the increment of produce which it enables a labourer to obtain, and is altogether independent of the total return which he receives for this labour.”
About This Quote
Source Book: Theory of Political Economy, 1871
Interest is based on the extra output a worker can achieve, not on the total earnings from that work.
In simple terms: Interest depends on productivity gains.
Key Takeaway
Focus on increasing productivity.
Themes
economics
labor
interest
Mood
analytical
academic
Type
economic
educational
When to use this quote
- business strategy
- career planning
- investment decisions
- policy analysis
Key Concepts
marginal productivity
value theory
Questions to Reflect On
- How can you measure the productivity increase in your work?
- What other factors influence interest rates?
A Different Perspective
Ignores other factors like risk or market conditions.
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