Coal being then the chief source of power, much industrial reconstruction depended on there being a plentiful and cheap supply. But the newly nationalized industry was not doing well. Productivity failed to increase in step with increases in mechanization. Men were leaving the mines in large numbers for more attractive opportunities in the factories. Among those who remained, absenteeism averaged 20 percent. Labor disputes were frequent despite improved conditions of employment. Some time earlier the National Coal Board had asked the Institute to make a comparative study of a high producing, high morale mine and a low producing, low morale, but otherwise equivalent mine.
Eric TristRelated topics
cheap chief comparative early high increase industrial industry institute men labor large leaving low mine morale national power productivity reconstruction source step study well mechanization minesRelated quotes
Right after the Flood, as all of the water went down, all of the decayed plant matter would have made the water very high in minerals and decayed plant and animal life would have been high in nutrients to make anything to grow. Food would have been readily available with all of the rotting carcasses of the vegetation and the animals. The coral could have grown much faster under these conditions, then it would have slowed down to its current rate. People who have studied coral reefs say that they could have been formed in four to five thousand years with no problem. If the earth is older than that, why aren't the the coral reefs much larger? Their rate of growth indicates a young age for the earth.
Kent Hovind
. Here [ Guernsey ] people bath among the rocks which serve as cabins, since there's nothing else; nothing is more attractive than this mixture of women and men crowded on these rocks. One would belief oneself in a landscape by Watteau rather than in the real world. So I'll have a source of real and graceful motives which I will be able to make use of. Some enchanting bathing-costumes... Nothing is more amusing when one is strolling through these rocks, than to surprise young girls getting ready to bathe... Despite the small number of things that I'll be able to bring back [to Paris], I hope to be able to give you an idea of these charming things.
Pierre-Auguste Renoir
Market power and externalities are examples of a general phenomenon called market failure-the inability of some unregulated markets to allocate resources efficiently. When markets fail, public policy can potentially remedy the problem and increase economic efficiency. Microeconomists devote much effort to studying when market failure is likely and what sorts of policies are best at correcting market failures. As you continue your study of economics, you will see that the tools of welfare economics developed here are readily adapted to that endeavor. Despite the possibility of market failure, the invisible hand of the marketplace is extraordinarily important.
Greg Mankiw
It is an international embarrassment that we put more people behind bars than any other country on earth. Due in large part to private prisons, incarceration has been a source of major profits to private corporations. Study after study after study has shown private prisons are not cheaper, they are not safer, and they do not provide better outcomes for either the prisoners or the state. We have got to end the private prison racket in America as quickly as possible. Our focus should be on keeping people out of jail and making sure they stay out when they are released. This means funding jobs and education not more jails and incarceration.
Bernie Sanders
When evening comes, I return home and enter my study; on the threshold I take off my workday clothes, covered with mud and dirt, and put on the garments of court and palace. Fitted out appropriately, I step inside the venerable courts of the ancients, where, solicitously received by them, I nourish myself on that food that alone is mine and for which I was born; where I am unashamed to converse with them and to question them about the motives for their actions, and they, out of their human kindness, answer me. And for four hours at a time I feel no boredom, I forget all my troubles, I do not dread poverty, and I am not terrified by death. I absorb myself into them completely.
Niccolò Machiavelli