Through great input you get great output.
Productivity is being able to do things that you were never able to do before.
An increase in the productivity of labour means nothing more than that the same capital creates the same value with less labour, or that less labour creates the same product with more capital.
There can be economy only where there is efficiency.
As an economy measures performance in terms of the creation of money, people become a major source of inefficiency.
We want to get full value out of labour so that we may be able to pay it full value. It is use - not conservation - that interests us.
Activity equals results. If you want to increase your success, increase your activity.
Now one person doing the job of one and a half. So as an employer I can get two people to do the work of three, and think about what that does for profits.
The enterprise, by definition, must be capable of producing more or better than all the resources that comprise it.
