![[O]f that scientifically practical skill which produces the greatest effect with the least possible expenditure of material and work, the instances are comparatively rare. In too many cases we see the strength and the stability which ought to be given by the skilful arrangement of the parts of a structure supplied by means of clumsy massiveness, and of lavish expenditure of material, labour, and money; and the evil is increased by a perversion of the public taste, which causes works to be admired, not in proportion to their fitness for their purposes, or to the skill evinced in attaining that fitness, but in proportion to their size and cost. (William John Macquorn Rankine)](https://cdn.quotesdtb.com/img/quotes_images_webp/54/william-john-macquorn-rankine-314154.webp)
[O]f that scientifically practical skill which produces the greatest effect with the least possible expenditure of material and work, the instances are comparatively rare. In too many cases we see the strength and the stability which ought to be given by the skilful arrangement of the parts of a structure supplied by means of clumsy massiveness, and of lavish expenditure of material, labour, and money; and the evil is increased by a perversion of the public taste, which causes works to be admired, not in proportion to their fitness for their purposes, or to the skill evinced in attaining that fitness, but in proportion to their size and cost.
William John Macquorn RankineRelated topics
arrangement cost evil fitness given money ought perversion possible public see size skill stability strength taste work means works labour partsRelated quotes
In its own more confused, less advanced way, New Dealism too has spread abroad the stress on the state as against the individual, planning as against private enterprise, jobs (even if relief jobs) against opportunities, security against initiative, "human rights" against "property rights." There can be no doubt that the psychological effect of New Dealism has been what the capitalists say it has been: to undermine public confidence in capitalist ideas and rights and institutions. Its most distinctive features help to prepare the minds of the masses for the acceptance of the managerial social structure.
James Burnham
It was a global depression, had many causes, the whole story requires you to look at the whole international system. But policy errors in United States, as well as abroad, did play an important role. And in particular as I said, the Federal Reserve failed in this first challenge in both parts of its mission. It did not use monetary policy aggressively to prevent deflation and the collapse in the economy, so it failed in its economic stability function. And it didn't adequately perform its function as lender of last resort allowing many bank failures and a resulting contraction in credit and also with the money supply. So, in that respect, again, the Fed did not fulfill its intended mission.
Ben Bernanke
I wondered aloud to Renae why in our society the greatest sums of money tended to accrue from the sale of the least meaningful things, and why the dramatic improvements in efficiency and productivity at the heart of the Industrial Revolution so seldom extended beyond the provision of commonplace material goods. ... I told Renae that our robots and engines were delivering the lion's share of their benefits at the base of our pyramid of needs, that we were evident experts at swiftly assembling confectionery and yet we were still searching for reliable means of generating emotional stability or marital harmony.
Alain de Botton
The first application of this principle [of the division of labor] must have been made in a very early stage of society; for it must soon have been apparent that more comforts and conveniences could be acquired by one man restricting his occupation to the art of making bows, another to that of building houses, a third boats, and so on. This division of labor Into trades was not, however, the result of an opinion that the general riches of the community would be increased by such an arrangement: but it must have arisen from the circumstances, of each individual so employed discovering that he himself could thus make a greater profit of his labour than by pursuing more varied occupations.
Charles Babbage
What do we mean by this Liberalism of which we talk? ... I should say it means the acknowledgement in practical life of the truth that men are best governed who govern themselves; that the general sense of mankind, if left alone, will make for righteousness; that artificial privileges and restraints upon freedom, so far as they are not required in the interests of the community, are hurtful; and that the laws, while, of course, they cannot equalise conditions, can, at least, avoid aggravating inequalities, and ought to have for their object the securing to every man the best chance he can have of a good and useful life.
Henry Campbell-Bannerman