In 1800, a prosperous year, the total income of Americans (called ‘the national income') was something over 2 billion dollars, a fabulous amount then. Capitalists and landlords got 68%, farmers and laborers 32%. In 1930, of tragic memory, near the bottom of ‘the worst depression in history', the incomes of all Americans amounted to roughly to 75 billion. Of this wage earners (who had increased in number 17%) got 64%+; entrepreneurs, 20%; capitalists and landlords the remaining 16%.
Rose Wilder LaneRelated topics
billion bottom depression history memory national near number something worst year 1800Related quotes
I am only about half alive-a large part of my strength is consumed in sitting up or walking. My nervous system is a shattered wreck, and I am absolutely bored & listless save when I come upon something which peculiarly interests me. However-so many things do interest me, & interest me intensely, in science, history, philosophy, & literature; that I have never actually desired to die, or entertained any suicidal designs, as might be expected of one with so little kinship to the ordinary features of life.
H. P. Lovecraft
Nonmathematical people sometimes ask me, "You know math, huh? Tell me something I've always wondered, What is infinity divided by infinity?” I can only reply, "The words you just uttered do not make sense. That was not a mathematical sentence. You spoke of ‘infinity' as if it were a number. It's not. You may as well ask, 'What is truth divided by beauty?' I have no clue. I only know how to divide numbers. ‘Infinity,' ‘truth,' ‘beauty'-those are not numbers.”.
John Derbyshire
You could make a good case that the history of social life is about the history of the technology of memory. That social order and control, structure of governance, social cohesion in states or organizations larger than face-to-face society depends on the nature of the technology of memory - both how it works and what it remembers. In short, what societies value is what they memorize, and how they memorize it, and who has access to its memorized form determines the structure of power that the society represents and acts from.
Eben Moglen
During the rule of the Shah, arrogance, aggression, territorial expansion at the expense of the Arabs and attempts to harm Iraq's national sovereignty and the rights of the Arab nation were a constant pattern. Iraq and the Arab nation were regarded as a sphere of influence for the expansionist plans of Iranian interests. That policy has been followed throughout history by the State of Persia against its neighbours to the west, and as we have shown.
Saddam Hussein
The first problem I propose to tackle is this: how much of its income should a nation save? To answer this a simple rule is obtained valid under conditions of surprising generality; the rule, which will be further elucidated later, runs as follows.
The rate of saving multiplied by the marginal utility of money should always be equal to the amount by which the total net rate of enjoyment of utility falls short of the maximum possible rate of enjoyment.
Frank P. Ramsey