Quotes about Economic Profit

Paul Samuelson

Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.

Hugh Masekela

I think the most difficult thing that has had to happen in South Africa for the previously disadvantaged communities is they had to reconcile that the oppressor has been enriched and the establishment is now making five or 10 times more profit than they were during the time the economic embargo was on them.

Albert Abram Aftalion

Modern views show that capitalistic income is not an exploitation, but that in the profits, taken as a whole, a part of the value that has been created is really due to the land or the capital.

Karl Marx had argued that all profit and income from capital is exploitation. Aftalion rebutted Marks as this quotation illustrates.

David Ricardo

Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.

Ibn Khaldun

A large civilization yields large profits [earnings] because of' the large amount of [available] labor which is the cause of profit.

Abd al-Rahman Ibn Mohammad. He is generally regarded to be the World’s first social scientist. The largest statue in Tunisia of not of a military leader of king, but of this social scientist.

Poul Anderson

In my considered opinion, the profit to be made by permanent settlement in space is nothing less than the survival of industrial civilization, and therefore the survival of nearly the entire human race, along with such amenities as peace, freedom, enough to eat, and the chance to reach a high age in good health.

Peter Thiel

Under perfect competition, in the long run no company makes an economic profit.

Jim Stanford

Proving that profit is economically and morally justifiable, rather than the result of exploitation, has been a central preoccupation of neoclassical economists.

Anthony Crosland

So long as we maintain a substantial private sector, therefore socialists must logically applaud the accumulation of private profit.

The socialist extremists wanted the state to own all the major businesses which would be operated without a profit allowing more money to be paid to the workers without any price increase for the consumer. Yet, many of them wanted the innovation and other virtues of the private sector and few were ready to take on the political chaos that would be involved in eliminating private ownership of businesses. Crosland forced them to logically accept the concept of profits as desirable for the society.

Pope Francis

The obsession with economic profit and technical efficiency puts the human rhythms of life at risk.

Felix Rohatyn

I am a capitalist and I believe in making a profit.

Peter Thiel

Whereas a competitive firm must sell at the market price, a monopoly owns its market, so it can set its own prices. Since it has no competition, it produces at the quantity and price combination that maximizes its profits.

Economic Profit Quotes