Economic Progress Quotes

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  • Economic progress, in capitalist society, means turmoil.

    Joseph A. Schumpeter (2003). “Ten Great Economists”, p.77, Routledge
  • Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.

  • There are many people in the world who really don't understand, or say they don't, what is the great issue between the free world and the Communist world. Let them come to Berlin. There are some who say that communism is the wave of the future. Let them come to Berlin. And there are some who say in Europe and elsewhere we can work with the Communists. Let them come to Berlin. And there are even a few who say that it is true that communism is an evil system, but it permits us to make economic progress. Lass' sie nach Berlin kommen. Let them come to Berlin.

    War   Europe   Issues  
    1963 Address in Berlin's Rudolf Wilde Platz, 26 Jun, 22 months after the erection of the wall dividing the city.
  • We need more emphasis on linking jobs and economic progress with environmental issues, and not allowing environmentally damaging industries to be brought into the country simply to provide employment. It's not easy to balance.

    Country   Jobs   Issues  
    Source: www.commonwealmagazine.org
  • From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress.

    Order   Punishment   Keys  
    George Gilder (2013). “Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World”, p.20, Regnery Publishing
  • Capitalism is going to deal itself out of existence, but before it does that, you're gonna pay $50 for a latte, because inflation is going impoverish all of us before people get pissed off enough to realize that all of the last hundred years of economic progress was actually a shell game to create billionaires, while the great masses of people saw their standard of living eroded and destroyed.

    Years   Games   People  
  • Liberals believe and inexhaustible fund exists that can be tapped endlessly to pay for government social programs. Tax the rich and give it to a long line of moochers, pork barrel hustlers and ne'er-do-wells. These funds would otherwise have been employed as additional capital indispensable to economic progress.

  • I believe economic growth should translate into the happiness and progress of all. Along with it, there should be development of art and culture, literature and education, science and technology. We have to see how to harness the many resources of India for achieving common good and for inclusive growth.

    Happiness   Art   Believe  
    Pratibha Patil's Speech on the Eve of Demitting Office of the President, pib.nic.in. July 24, 2012.
  • In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.

    John Kenneth Galbraith (1998). “The Affluent Society”, p.94, Houghton Mifflin Harcourt
  • Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to take better care of your fellow citizens when they're down on their luck, you end up killing economic progress. But what European experience actually demonstrates is the opposite: social justice and progress can go hand in hand.

    "Learning From Europe" by Paul Krugman, www.nytimes.com. January 10, 2010.
  • The arts are an integral part of the city's economic progress.

    Art   Cities   Progress  
  • China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.

    Real   Moving   Taken  
    Source: www.npr.org
  • The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.

  • There are some people who think that at some time in the future, China may challenge us for supremacy in the Pacific, and therefore, what do we do today to prevent that? And you, of course, will say that we will try to thwart any economic progress in China. If we engaged in such a policy, we would turn a billion-plus people into nationalist opponents of the United States.

    Source: www.pbs.org
  • The affluent society has built well in terms of economic progress, but has neglected the protection of the very water we drink as well as the values of fish and wildlife, scenic, and outdoor recreation resources. Although often measureless in commercial terms, these values must be preserved by a program that will guarantee America some semblance of her great heritage of beautiful rivers.

  • In the old days, you lived in one neighborhood, you knew all your neighbors and your daughter married the guy next door. That was social and economic progress. That model is gone now. We also had a world order that was fraught but fairly stable.

    Daughter   Doors   Order  
    "Black Ancestry Matters on 'Finding Your Roots'". Interview with Alexandra Phanor-Faury, www.ebony.com. January 26, 2016.
  • Economic progress and justice do not consist in superbly equalized destitution, but in the constant creation of more and more goods and services, of more and more wealth and income to be shared.

    Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.95, Ludwig von Mises Institute
  • It is absolutely no accident that the peace and reconciliation, and indeed the economic progress, that eluded us generation after generation for hundreds of years, has at last come to pass in an Ireland where the talents of women are now flooding every aspect of life as never before.

  • It is only when people can feel that their lives and the property which their industry has produced today will continue to be safe...that there can be...stability of value and...economic progress.

    People   Evil   Progress  
  • The largest tax reduction in American history, one page tax form, reducing government spending. Those are all the keys to economic progress.

    Source: www.glennbeck.com
  • Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are relatively unlikely to simply starve to death (though it can happen), so in that sense the gap between rich and poor has narrowed. But the question isn't whether society is, in some sense, more equal than it was in 1900. It's whether it is radically more unequal than it was in 1970. And of course it is.

    Justice   Progress   Gaps  
  • What is called economic progress is the joint effect of the activities of the three progressive groups-or classes-of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the routinists and the public policies supported by them.

    Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”
  • Society's dependence on fossil fuels is jeopardising social and economic progress.

    Progress   Fuel   Fossils  
  • But the broader lesson of the first Industrial Revolution is more like the Indy 500 than John Henry: economic progress comes from constant innovation in which people race with machines. Human and machine collaborate together in a race to produce more, to capture markets, and to beat other teams of humans and machines.

    Team   Race   People  
    Erik Brynjolfsson, Andrew McAfee (2012). “Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy”, p.59, Brynjolfsson and McAfee
  • What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!

    Men   August   History  
    "The Economic Consequences of the Peace".
  • If economic progress means that we become anonymous cogs in some great machine, then progress is an empty promise.

    Mean   Promise   Progress  
    Charles B. Handy (1995). “The Empty Raincoat: Making Sense of the Future”, Random House Business Books
  • Economic growth without social progress lets the great majority of the people remain in poverty, while a privileged few reap the benefits of rising abundance.

    Kennedy, John F. (1962). “Public Papers of the Presidents of the United States: John F. Kennedy, 1961”, p.178, Best Books on
  • The mission of this government is much more than the promotion of economic progress. It is to renew the spirit and solidarity of the nation.

    Margaret Thatcher (1989). “The revival of Britain: speeches on home and European affairs, 1975-1988”
  • The only time you can have maximum economic progress is when social programs don't exist.

  • I think economics is about passion. Economic progress, whether it is a two-person coffee shop or whether it is Netscape, is about people with brave ideas. Because it is brave to mortgage the house, when you've got two kids, to start a coffee shop.

    Coffee   Passion   Kids  
    "The Peters Principles: An Interview with Tom Peters". Interview with Virginia Postrel, reason.com. October 1, 1997.
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