When Hume and Adam Smith prophesied that a little increase of national debt beyond the then amount of it, would probably occasion bankruptcy; the main cause of their error was the natural one, of not being able to see the vast increase of productive power to which the nation would subsequently obtain.
Thomas MalthusRelated topics
able adam bankruptcy beyond cause debt error increase nation national natural occasion power see vast HumeRelated quotes
Everywhere Christians are tempted to take the easy path, to seek "peace" and "security" and flee from pain and affliction, to view life as an occasion for the enjoyment of earthly blessings, instead of a time of trial in which our eternal destiny is to be decided. But God expects more than this from those who glory in the name of Orthodox Christians.
Seraphim Rose
We owe nothing in our origins from Adam Smith, Ricardo, Pareto, Proudhon, Bakunin, Karl Marx, Lenin, or any of the rest of the political philosophies. We do owe a debt to J. Willard Gibbs, Nikola Tesla, Steinmetz, Mac and John Rusk, and a thousand other American chemists, engineers, scientists, and technologists.
Howard Scott
The progressive historical role of capitalism may be summed up in two brief propositions: increase in the productive forces of social labour, and the socialisation of that labour. But both these facts manifest themselves in extremely diverse processes in different branches of the national economy.
Vladimir Lenin