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7 quotes

SortEditorial Year Length

Topic·Economic theory✕clear

Economic literature

Consumption is the sole end and purpose of production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.

Adam Smith

The Wealth of Nations · 1776

★ 2.1

Speech · Political speech

The first theory is that if we make the rich richer, somehow they will let a part of their prosperity trickle down to the rest of us. The second theory...was the theory that if we make the average of mankind comfortable and secure, their prosperity will rise upward, just as yeast rises up, through the ranks.

Franklin D. Roosevelt

1932

★ 2.8

Essay · Economic literature

There is no way of keeping profits up but by keeping wages down.

David Ricardo

1822

★ 3.7

Political literature

Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights.

Abraham Lincoln

Annual Message to Congress · 1861

★ 3.7

Economic literature

All systems, either of preference or of restraint, therefore, being thus completely taken away, the obvious and simple system of natural liberty establishes itself of its own accord. Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men.

Adam Smith

The Wealth of Nations · 1776

★ 3.8

No nation was ever ruined by trade.

Benjamin Franklin

The Annual Register, Or a View of the History, Politics, and Literature, For the Year 1779 · 1780

★ 3.9

Economic literature

But this long run is a misleading guide to current affairs. In the long run we are all dead.

John Maynard Keynes

1924

★ 6.9

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