Goods Quotes - page 5
Figure 12-6 pulls together in a simplified way the main elements of income determination. Without saving and investment, there would be a circular flow of income between business and the public: above, business pays out wages, interest, rents, and profits to the public in return for the services of labor and property; and below, the public pays consumption dollars to business in return for goods and services.
Realistically, we must recognize that the public will wish to save some of its income, as shown at the spigot Z. Hence, businesses cannot expect their consumption sales to be as large as the total of wages, interest, rents, and profits.
Paul Samuelson
Were I to remove the veil, all would recognize Me as their Best Beloved, and no one would deny Me. Let not this assertion astound Your Majesty; inasmuch as a true believer in the unity of God who keepeth his eyes directed towards Him alone, will regard aught else but Him as utter nothingness. I swear by God! I seek no earthly goods from thee, be it as much as a mustard seed. Indeed, to possess anything of this world or of the next would, in My estimation, be tantamount to open blasphemy. For it ill beseemeth the believer in the unity of God to turn his gaze to aught else, much less to hold it in his possession. I know of a certainty that since I have God, the Ever-Living, the Adored One, I am the possessor of all things, visible and invisible...
Báb
"For Russia, therefore, this building of heavy industries at a tremendous pace meant a very great sacrifice. All this construction, all this machinery that came from outside, had to be paid for, and paid for in gold and cash. How was this to be done? The people of the Soviet Union tightened their belts and starved and deprived themselves of even necessary articles so that payment could be made abroad. They sent their food-stuffs abroad, and with the price obtained for them paid for the machinery. They sent everything they could find a market for: wheat, rye, barley, corn, vegetables, fruits, eggs, butter, meat, fowls, honey, fish, caviare, sugar, oils, confectionery, etc. Sending these food articles outside meant that they themselves did without them. The Russian people had no butter, or very little of it, because it went abroad to pay for machinery. And so with many other goods...
Jawaharlal Nehru
Aside from the equation it draws between making money and being good, the modern ideal of a successful life posits a further linkage between making money and being happy. This latter association rests on ... assumptions. First, it is presumed that identifying what will make us happy is not an inordinately difficult task. Just as our bodies typically know what they need in order to be healthy... so, too, the theory goes, can our minds to be relied upon to understand what we should aim for so as to flourish as whole human beings. ... Second, it is taken for granted that the enormous range of ... consumer goods available to modern civilization is not merely a gaudy, enervating show responsible for stoking desires bearing little relevance to our welfare, but is, rather, a helpful array of potentialities and products, capable of satisfying some of our most important needs.
Alain de Botton