Income Quotes - page 8
Nothing is more delightful than to confuse and upset people. People one doesn't like. What's the use of giving them explanations that are merely food for curiosity? The truth is that people love nothing but themselves and their little possessions, their income, their dog. This state of affairs derives from a false conception of property. If one is poor in spirit, one possesses a sure and indomitable intelligence, a savage logic, a point of view that can not be shaken. Try to be empty and fill your brain cells with a petty happiness. Always destroy what you have in you. On random walks..
Tristan Tzara
In western society, there is a problem similar to India that the income of a research scientist is less than that of a management person. But perhaps the facilities and the infrastructure being much advanced in the western universities, they are able to attract and retain the people. In our case this can happen but not to the extent we would like. A corrective measure to some extent has been taken by the establishment of the Indian Institutes of Science Education and Research (IISERs). They are doing for pure sciences what IIT's do for applied sciences. Since they are attracting good talent it may happen that you will have more input in research in the next ten years.
Jayant Narlikar
The origin of this research was an attempt to extend Cassel's system of equations of price determination in one market to that of several trading countries. Although the point of departure is totally different, the results of that attempt (presented in chapter III) exhibit important similarities to Heckscher's treatment in ‘‘The Effect of Foreign Trade on the Distribution of Income,'' published one year earlier in Ekonomisk Tidskrift, 1920. There is no doubt that the author was unconsciously influenced by Heckscher's paper both at this and at later stages of the work. The influence of this pathbreaking paper, both conscious and unconscious, has surely been particularly decisive in the development of the material in chapters I–III.
Bertil Ohlin
The problem is easy to state: developing countries borrow too much-or are lent too much-and in ways that force them to bear most or all of the risk of subsequent increases in interest rates, fluctuations in the exchange rate, or decreases in income. Given this, it is not surprising that they often cannot repay what is owed.
Joseph Stiglitz
The purpose of income calculations in practical affairs is to give people an indication of the amount which they can consume without impoverishing themselves. Following out this idea, it would seem that we ought to define a man's income as the maximum value which he can consume during a week, and still expect to be as well off at the end of the week as he was at the beginning.
John Hicks
So long as we confine our attention to income from property, and leave out of account any increment or decrement in the value of prospects due to changes in people's own earning power (accumulation or decumulation of "Human Capital”), Income No. 1 ex post is not a subjective affair, like other kinds of income; it is almost completely objective.
John Hicks
Both of these measures were on the side of increasing spendable income, though unfortunately they were largely without effect. The tax reductions were negligible except in the higher income brackets; businessmen who promised to maintain investment and wages, in accordance with a well-understood convention, considered the promise binding only for the period within which it was not financially disadvantageous to do so.
John Kenneth Galbraith
Going back to the most ancient times, national well-being, the national prestige depended on territory. The more territory a country had, the more income revenue there was, the more people there were to be mobilized for arms strength. So we had an enormous sense of territorial conflict and territorial integrity, and that was unquestionably a part of the cause of war, coupled with the fact that there was a disposition in that direction by the landed class, a disposition to think of territorial acquisition and territorial defense and to think of the peasantry as a superior form of livestock which could be used for arms purposes.
John Kenneth Galbraith
The central theme of this paper is the character and causes of long-term changes in the personal distribution of income. Does inequality in the distribution of income increase or decrease in the course of a country's economic growth? What factors determine the secular level and trends of income inequalities?
Simon Kuznets
