economic welfare Quotes

The fundamental flaw in Social Security and Medicare is that they violate the 'welfare principle' in economics. The welfare principle forms the fundamental basis of all charitable work in churches and other private organizations: assist those who need help, and equally important, don't assist individuals who can take care of themselves.

The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.

I wouldn't minimize the avoidance of tax increases as a contribution to human welfare.

We hear of the wealth of nations, of the powers of production, of the demand and supply of markets, and we forget that these words mean no more, if they mean any thing, then the happiness, and the labor, and the necessities of men.

The economy is the creation of the personal initiative of private citizens….Public authorities also must play an active role in promoting increased productivity with a view to social progress and the welfare of all citizens.

We believe in the right and duty of persons to work for the glory of God and the good of themselves and others and in the protection of their welfare in so doing; in the rights to property as a trust from God; in collective bargaining and responsible consumption; and in the elimination of economic and social distress.

A tax can never be favorable to the public welfare, except by the good use that is made of its proceeds.

Usually, so far as improvement in the people's economic conditions is concerned, humanitarians simply play the role of the busybody.

G.D.P. is not a measure of how much value is produced for consumers. Everybody should recognize that G.D.P. is not a welfare metric.

The natural tendency of the state is inflation. This statement will shock those accustomed to viewing the state as a committee of the whole nation ardently dispensing the general welfare, but I think it nonetheless true.

Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group pressures. The kinds of interventions that new trade theory suggests can raise national income will typically raise the welfare of small, fortunate groups by large amounts, while imposing costs on larger, more diffuse groups.

Markets are, in many settings, self-organizing and 'efficient' in terms of maximizing the welfare of both buyers and sellers.

I have endeavoured to show that the ability to pay taxes depends, not on the gross money value of the mass of commodities, nor on the net money value of the revenue of capitalists and landlords, but on the money value of each man's revenue compared to the money value of the commodities which he usually consumes.

Society has come to expect that American science and engineering will contribute to the general economic and social welfare.

Good government is known from bad government by this infallible test: that under the former the labouring people are well fed and well clothed, and under the latter, they are badly fed and badly clothed.

The policies advocated by the welfare school remove the incentive to saving on the part of private citizens.

Just spreading the money around - that isn't what makes people better off; it's having more and better goods and services.

In a democracy the responsibility for the Government's economic policies, which so affect the economy, normally rests with the elected representative of the people: in our case, with the President and the Congress. If these two follow economic policies inimical to the general welfare, they are accountable to the people for their actions on election day. With Federal Reserve independence, however, a body of men exist who control one of the most powerful levers moving the economy and who are responsible to no one.

For years I thought what was good for our country was good for General Motors and vice versa. The difference did not exist. Our company is too big. It goes with the welfare of the country.

The welfare of a nation can scarcely be inferred from a measurement of national income as defined by the GDP.

Mexico urgently needs a series of structural reforms that will detonate its true economic potential and generate more public welfare.

I want ordinary people to enjoy a decent standard of living, with ever increasing security, comfort and joy.

A hundred welfare programs, spending more and more billions, lead to chronic budget deficits, which lead to increased paper-money issues, which lead to higher prices.

No increase in the welfare of the member of society can result from the availability of an additional quantity of money.

For women, all women, whatever our sexuality, it's crucial to our health that we are able to separate sexuality from reproduction. I mean whether or not we can control when we give birth is the biggest element in our health, our education, our economic welfare, our life expectancy, everything.