The great majority of politicians and other interested persons tend to.... concentrate on.... measures such as education and training of labour and investment in modern efficient capital equipment.... These reforms are of extreme importance but they are concerned basically with raising the output per head of those who are in employment rather than about the number of heads that will find suitable employment.
James MeadeRelated topics
capital concentrate education efficient employment equipment extreme find great head importance investment majority modern number output per raising training labour headsRelated quotes
It is not possible to put the Gospel and secular logic together. In the Gospel there is love, while in secular logic there is self-interest. The Gospel says, And if any one forces you to go one mile, go with him two. (Mt. 5:41) What is logical about this saying? This is surely madness! This is why those who try to reconcile the Gospel with secular logic find themselves in utter confusion.
Paisios of Mount Athos
Serious color studies of nudes and heads. Only as practice and first training. Very strict determination of color values through water color. On top of it, some oils, simply for blending. The results are quite unattractive, little of importance to be hoped for here. This month of February is devoted to color. I painted many nudes from nature and even the portrait of a head, my syster's!
Paul Klee
It is here that Britain's weakness lies. The plain fact is that labour costs per unit of output in British business and industry continue to rise faster than is consistent with low unemployment and faster than our principal competitors overseas. Productivity is, certainly rising quite rapidly, but pay is rising faster still. It is this-and not our alleged dependence on oil-that constitutes the Achilles' heel of the British economy.
Nigel Lawson
The important Keynesian insight is that a high propensity to save will not generate high national saving unless it goes into investment, into accumulation of real capital. The "paradox of thrift" makes this point in an extreme way. In certain circumstances, when there is no demand for investment around, the economy can be no better off, or even worse off, if a thrifty public cuts consumption.
James Tobin
The answer is to increase industrial efficiency, to build up our exports, and to substitute home production for imports wherever this can be achieved competitively and economically, to broaden the base of our economy with capital investment, through the training of skilled manpower and the encouragement to accept change, to enable us to expand without running into strains and stresses such as have revealed themselves in past periods of expansion.
Harold Wilson
