Quotes & Sayings About The Economic Growth

The progressive Left can be in favor of Big Government or population control but not both. The mutual incompatibility is about to plunge Europe into societal collapse. There is no precedent in human history for economic growth on declining human capital - and that's before anyone invented unsustainable welfare systems. — Mark Steyn

Well, I think the reality is that as you study - when President Kennedy cut marginal tax rates, when Ronald Reagan cut marginal tax rates, when President Bush imposed those tax cuts, they actually generated economic growth. They expanded the economy. They expand tax revenues. — Mike Pence

The gross domestic product (GDP) was created in the 1930s to measure the value of the sum total of economic goods and services generated over a single year. The problem with the index is that it counts negative as well as positive economic activity. If a country invests large sums of money in armaments, builds prisons, expands police security, and has to clean up polluted environments and the like, it's included in the GDP. Simon Kuznets, an American who invented the GDP measurement tool, pointed out early on that "[t]he welfare of a nation can . . . scarcely be inferred from a measurement of national income."28 Later in life, Kuznets became even more emphatic about the drawbacks of relying on the GDP as a gauge of economic prosperity. He warned that "[d]istinctions must be kept in mind between quantity and quality of growth . . . . Goals for 'more' growth should specify more growth of what and for what."29 — Jeremy Rifkin

Business as usual is dead. Green growth is the answer to both our climate and economic problems — Anders Fogh Rasmussen

GNP is therefore in a certain sense a value-neutral quantity: a measure of activity, not of activity of any kind of value. A first argument against continued growth is just this. The GNP does not give any guarantee of meaningfulness of that which is created. Growth in GNP does not imply any growth in access to intrinsic values and progress along the course of self-realization. Obviously any kind of economic growth which is not related to intrinsic values is neutral or detrimental. The measure of GNP is somehow related to the fierceness of activity in the society but this fierceness may very well have more to do with a lack of ability of the members of the society to engage in meaningful activity than a measure of something humanity should look upon with joy. There is no clear relation to life quality. — Arne Naess

The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups. — Carroll Quigley

Economic growth is quite simply incapable of satisfying this democratic and meritocratic hope, which must create specific institutions for the purpose and not rely solely on market forces or technological progress. — Thomas Piketty

The test of a progressive policy is not private but public, not just rising income and consumption for individuals, but widening the opportunities and what Amartya Sen calls the 'capabilities' of all through collective action. But that means, it must mean, public non-profit initiative, even if only in redistributing private accumulation. Public decisions aimed at collective social improvement from which all human lives should gain. That is the basis of progressive policy - not maximising economic growth and personal incomes. Nowhere will this be more important than in tackling the greatest problem facing us this century, the environmental crisis. Whatever ideological logo we choose for it, it will mean a major shift away from the free market and towards public action, a bigger shift than the British government has yet envisaged. And, given the acuteness of the economic crisis, probably a fairly rapid shift. Time is not on our side. — Eric Hobsbawm

All I am asking is that we follow the golden rule: "Do unto others as you would have them do unto you." This is fundamentally a moral issue, not an economic issue. Given what we know now, it is simply unethical to impose risk of grave damage on future generations just so that we can have a few more consumer products today. — Ken Caldeira

Right now capitalism is winning hands down. It wins every time the need for economic growth is used as the excuse for putting off climate action yet again, or for breaking emission reduction commitments already made. — Naomi Klein

In the end we won't be judged as a society solely by our growth statistics or economic activity graphs. We will be judged by the quality of the life that we foster for all members of the community and the compassion we show for the disadvantaged. — Carmen Lawrence

To be sure, the Fair Tax is a big idea. However, I believe America was built on big ideas, and I was elected to Congress to fight for those big ideas, not nibble around the edges of a broken and destructive system. The FairTax would be a real stimulus for economic growth, and it wouldn't cost taxpayers a dime. — Rob Woodall

Economic growth is not just a process of more and better machines, and more and better educated people, but also a transformative and destabilizing process associated with widespread creative destruction. Growth thus moves forward only if not blocked by the economic losers who anticipate that their economic privileges will be lost and by the political losers who fear that their political power will be eroded. Conflict — Anonymous

There's a tendency for those unfamiliar with cooperatives to look down on them as the leftovers of the mainstream economy, implying that if these ideologically driven people simply reorganized themselves into "normal" private companies, they would be more efficient and productive. In fact, just the opposite is true: Cooperatives often enter into economic activities that private businesses will not take on. The most fertile period of cooperative growth was during the Great Depression. Rural electric cooperatives spread across the American plains when it became clear that other investor-owned and municipally owned utilities were uninterested in wiring up sparsely populated regions. Credit unions, as we'll soon explore, have seen an upsurge during the recent financial crisis. — Michael Shuman

In a clean break from the Obama years, and frankly from the years before this president, we will keep federal spending at 20 percent of GDP, or less. That is enough. The choice is whether to put hard limits on economic growth, or hard limits on the size of government, and we choose to limit government. — Paul Ryan

We've seen over time that countries that have the best economic growth are those that have good governance, and good governance comes from freedom of communication. It comes from ending corruption. It comes from a populace that can go online and say, 'This politician is corrupt, this administrator, or this public official is corrupt.' — Ramez Naam

The Bush Administration believes the Kyoto protocol could damage our collective prosperity, and in so doing, actually put our long-term environmental health at risk. Fundamentally, we believe that the protocol both will fail to significantly reduce the long-term risks posed by climate change and, in the short run, will seriously impede our ability to meet our energy needs and economic growth. — Lawrence B. Lindsey

The best way to deal with the deficit is through economic growth. — Tim Kaine

The period-effects model refers to influences specific to particular points in time - effects thought to be unique economic or demographic circumstances to which any observable fluctuations in population growth or decline may be attributed. — Brian A. Hoey

There is a real fear around shifting from our existing economic system because people believe it gives us social organisation, a sense of freedom, and the ability to be nice to each other. Growth is seen as a social lubricant that allows us to be socially responsible. — Tim Jackson

Economic growth springs not chiefly from incentives - carrots and sticks, rewards and punishments for workers and entrepreneurs. The incentive theory of capitalism allows its critics to depict it as an inhumane scheme of clever manipulation of human needs and hungers scarcely superior to the more benign forms of slavery. Wealth actually springs from the expansion of information and learning, profits and creativity that enhance the human qualities of its beneficiaries as it enriches them. Workers' learning increasingly compensates for their labor, which imparts knowledge as it extracts work. Joining knowledge and power, capitalism focuses on the entropy of human minds and the benefits of freedom. Thus it is the most humane of all economic systems. — George Gilder

Getting the UK 'Climate Ready' has the potential to support economic growth for this country which should be a priority for all of us — Rupert Ponsonby, 7th Baron De Mauley

Reducing the tax burden is necessary to produce economic growth. — Bob Schaffer

The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth. — Toshihiko Fukui

What is the engine that drives economic growth in an ideopolis? The university. — Timothy Noah

We therefore have a good chance of overcoming the problem of resource scarcity. The real nemesis of the modern economy is ecological collapse. Both scientific progress and economic growth take place within a brittle biosphere, and as they gather steam, so the shock waves destabilise the ecology. In — Yuval Noah Harari

Without evading the grimness of life in much of modern Africa, one can recognize that this continent is not yet sick as our continent is sick. Most Africans remain plugged into reality. In contrast we have become disconnected from it, reduced to compulsively consuming units, taught to worship 'economic growth' - the ultimate unreality in a finite world. — Dervla Murphy

Economic growth which strips out the planet's ecosystems is not sustainable — Helen Clark

Living in an orgy of unrestrained consumption and economic growth accompanied by population expansion that ignores the carrying capacity of local environments will lead to disaster — Phil Harding

I would be remiss, as a scientist who studied this, if I didn't mention the following two things: The first is that, most importantly, we need to do, as a society, in this country and globally, whatever we can to reduce population" ... "Our whole economic system is based on growth, and growth of our population, and this economic madness has to end. — John Miller

This Budget reflects a choice - not an easy choice, but the right choice. And when you think about it, the only choice. The choice to take the responsible, prudent path to fiscal stability, economic growth and opportunity. — George Pataki

Will stifle economic growth, destroy jobs, reduce revenues, and increase the deficit. — Jim Ramstad

Obama's explanation for the slowdown in economic growth is that the public sector is hurting, and that's where Washington must step in and act. — John Podhoretz

If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history. — Adam Davidson

Turkey has a young and growing population. Until recently, this was perceived as a problem, a burden that Turkey would bring to the E.U. But it is, in fact, an asset that can help the population deficit of the E.U. and the economic growth of Turkey. — Ali Babacan

This investment will provide capital to help high-potential start-up companies transition from product development to market entry, while also providing skills training to help them position themselves to be more attractive to investors and commercial partners. We are pleased to support the entrepreneurial community in southern Ontario and contribute to economic growth and job creation. — Gary Goodyear

The most staggering linguistic turnabout for me is the one that equates green economy with 'sustained economic growth.' — Tim Jackson

The problem with a purely collective system is not only that it requires economic growth, and the right sort of demographic trends, but that it prevents people thinking about their futures in a responsible way. — Jacques Delors

The man who knows that nothing in demand is out of production soon expects that nothing produced can be out of demand. Not to go where one can go would be subversive. It would unmask as folly the assumption that every satisfied demand entails the discovery of an even greater unsatisfied one. Not to produce what is possible would expose the law of "rising expectations" as a euphemism for a growing frustration gap, which is the motor of a society built on the co-production of services and increased demand. — Ivan Illich

I believe economic growth should translate into the happiness and progress of all. Along with it, there should be development of art and culture, literature and education, science and technology. We have to see how to harness the many resources of India for achieving common good and for inclusive growth. — Pratibha Patil

One should be wary, however, of the conventional wisdom that modern economic growth is a marvelous instrument for revealing individual talents and aptitudes. There is some truth in this view, but since the early nineteenth century it has all too often been used to justify inequalities of all sorts, no matter how great their magnitude and no matter what their real causes may be, while at the same time gracing the winners in the new industrial economy with every imaginable virtue. — Thomas Piketty

The little jihad is over, and now we have the bigger jihad - the bigger battle is achieving security and economic growth — Mahmoud Abbas

These visitors remain far removed from the conversations between archaeologists, historians, and government officials concerning Bagan's legacy. Instead, they arrive intrigued by the cover photo of so many Myanmar guidebooks: a panoramic shot of the sprawling, temple-filled plains of a grand ancient city. To the vast majority of these tourists, Bagan isn't a complex matrix of preservation, economic growth, and cultural tradition. It isn't a place to be debated or discussed or analyzed. To many of these tourists, Bagan is simply a place to look around, to take pictures, to buy souvenirs. To them, Bagan is a postcard. This — David Bockino

We see entrepreneurship and small businesses and supply chains as a critical part of the economic growth and competitiveness agenda. — Karen Mills

We don't think a sustainable society need be stagnant, boring, uniform, or rigid. It need not be, and probably could not be, centrally controlled or authoritarian. It could be a world that has the time, the resources, and the will to correct its mistakes, to innovate, to preserve the fertility of its planetary ecosystems. It could focus on mindfully increasing quality of life rather than on mindlessly expanding material consumption and the physical capital stock. — Donella H. Meadows

The Congressional Budget Office is a reactionary socialist institution which does not believe in economic growth, does not believe in innovation, and does not believe in data that it has not internally generated. — Newt Gingrich

But what is now encompassed by the one word ("school") are two very different kinds of institutions that, in function, finance and intention, serve entirely different roles. Both are needed for our nation's governance. But children in one set of schools are educated to be governors; children in the other set of schools are trained for being governed. The former are given the imaginative range to mobilize ideas for economic growth; the latter are provided with the discipline to do the narrow tasks the first group will prescribe. — Jonathan Kozol

The great flaw of all these administrative techniques is that, in the name of equality and democracy, they function as a vast "antipolitics machine", sweeping vast realms of legitimate public debate out of the public sphere and into the arms of technical, administrative committees. They stand in the way of potentially bracing and instructive debates about social policy, the meaning of intelligence, the selection of elites, the value of equity and diversity, and the purpose of economic growth and development. They are, in short, the means by which technical and administrative elites attempt to convince a skeptical public--while excluding the public from debate--that they play no favorites, take no obscure discretionary action, and have no biases but are merely taking transparent technical calculations. — James C. Scott

The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge. — Toshihiko Fukui

Haitian diplomacy will be oriented toward the influx of foreign capital, direct investments that create jobs and stimulate economic growth. — Laurent Lamothe

Entrepreneurship is the engine fuelling innovation, employment generation and economic growth. Only by creating an environment where entrepreneur- ship can prosper and where entrepreneurs can try new ideas and empower others can we ensure that many of the world's issues will not go unaddressed. — Klaus Schwab

It became clear I wanted to be a development economist. I mean, I said I wanted to work on the economics of poor countries. And I'd actually say that I don't think that was so much about narrowing the gap as about increasing their incomes, which means economic growth, which is really my prime interest. — James Mirrlees

I believe we have made a decision now that will permit us to create an economic order in the world that will promote more growth, more equality, better preservation of the environment, and a greater possibility of world peace, we are on the verge of a global economic expansion that is sparked by the fact that the United States at this critical moment decided that we would compete, not retreat. — William J. Clinton

The best way to encourage economic vitality and growth is to let people keep their own money.When you spend your own money, somebody's got to manufacture that which you're spending it on. You see, more money in the private sector circulating makes it more likely that our economy will grow. And, incredibly enough, some want to take away part of those tax cuts. They've been reading the wrong textbook. You don't raise somebody's taxes in the middle of a recession. You trust people with their own money. And, by the way, that money isn't the government's money; it's the people's money. — George W. Bush

My dream - the solution - is that we would have a National Entrepreneur Day, with the following message: Most of you will fail, disrespected, impoverished, but we are grateful for the risks you are taking and the sacrifices you are making for the sake of the economic growth of the planet and pulling others out of poverty. You are at the source of our antifragility. Our nation thanks you. — Nassim Nicholas Taleb

There's something about Marxism that brings out warts; the only kind of growth this economic system encourages. — P. J. O'Rourke

Is there enough to go around? What is enough? Who can tell us? Certainly not the economist who pursues economic growth as the highest of all values, and therefore has no concept of enough. — E.F. Schumacher

With a chip on his shoulder larger than his margin of victory, Barack Obama is approaching his second term by replicating the mistake of his first. Then his overreaching involved health care - expanding the entitlement state at the expense of economic growth. Now he seeks another surge of statism, enlarging the portion of gross domestic product grasped by government and dispensed by politics. The occasion is the misnamed 'fiscal cliff,' the proper name for which is: the Democratic Party's agenda. — George Will

The way to healthy living is to shift from quantitative economic growth to quality of life, food, water and air - to shift from craving to contentment and from greed to gratitude — Satish Kumar

What makes America unique is not that it built MIT, or that its grads are generating economic growth and innovation, but that every state in the country has universities trying to do the same. "America has 4,000 colleges and universities," said Allan E. Goodman, president of the Institute of International Education. "The rest of the world combined has 7,768 institutions of higher education. — Thomas L. Friedman

Human activity is destroying the natural systems that we depend upon for our survival. Our most basic instinct as humans is to survive; yet we continue to destroy our life-support machine. Connected humans understand this terrible contradiction; disconnected humans are not able to.

Not all humans are responsible: just those who are part of Industrial Civilization. Industrial Civilization depends on economic growth and the unsustainable use of natural resources, so it has developed a complex set of tools for keeping people disconnected from the real world and living a life that keeps civilization running. Humans have been manipulated in order to be part of a destructive system.

The only way to prevent global ecological collapse and thus ensure the survival of humanity is to rid the world of Industrial Civilization. — Keith Farnish

The most important domestic challenge facing the U.S. at the close of the twentieth century is the re-creation of fatherhood as avital social role for men. At stake is nothing less than the success of the American experiment. For unless we reverse the trend of fatherlessness, no other set of accomplishments
not economic growth or prison construction or welfare reform or better schools
will succeed in arresting the decline of child well-being and the spread of male violence. To tolerate the trend of fatherlessness is to accept the inevitability of continued social recession. — David Blankenhorn

Eliminating the Death Tax will continue to restore consumer confidence, spur capital investment, and create new jobs which are critical components of economic growth, particularly within the small business community. — Howard Coble

When you look at the state of the economy right now, you have to set a priority. And my top priority is the deficit of jobs and economic growth, and especially this perception that the United States could be falling behind especially Asian economies. — Mark Kirk

Disruption to the flow of oil through the Straits of Hormuz would threaten regional and global economic growth. Any attempt by Iran to close the Straits would be illegal and unsuccessful. — Philip Hammond

In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption. — Noam Chomsky

We need to have a pro-growth policy put in place that offers people hope and offers the opportunity for businesses to expand and for them to have confidence in what the world is going to look like for the next two or three or four years with respect to economic policy. — Dick Cheney

All the forms of double taxation in the current system are punitive and self-destructive because they are literally destroying people's incentive to provide that seed corn for future economic growth. — Daniel J. Mitchell

Thanks to the euro, our pockets will soon hold solid evidence of a European identity. We need to build on this, and make the euro more than a currency and Europe more than a territory ... In the next six months, we will talk a lot about political union, and rightly so. Political union is inseparable from economic union. Stronger growth and Euorpean integration are related issues. In both areas we will take concrete steps forward. — Laurent Fabius

capitalism itself is a system and that as the environment that hosts capitalism changes - in particular, as the better part of global economic growth begins to occur outside the mature economies of the West - the capitalist system will evolve. — Christopher Meyer

Strong economic growth, and especially a significant increase in private sector investment, is the only sustainable path forward for Rwanda. — Paul Kagame

'Dead Aid' is about the inefficacy and the limitations of large-scale aid programs in creating economic growth and reducing poverty in Africa. — Dambisa Moyo

The problem right now is jobs. The problem right now is the economy and economic growth. — Robert Reich

Majority of the African countries are now enjoying stable governance. Before you talk about economic growth, political stability is key. — Goodluck Jonathan

Climate change is the world's greatest environmental challenge. It is now plain that the emission of greenhouse gases, associated with industrialization and economic growth ... is causing global warming at a rate that is unsustainable. — Tony Blair

We need economic growth in Europe and we need to find a solution for the excessive interest rates that are making it difficult for many countries to get their own debt under control. — Martin Schulz

Without economic growth and job creation in Mexico, we won't be able to confront the migratory phenomenon. — Andres Manuel Lopez Obrador

What we call 'economic growth' is in fact a growth in waste and a decline in the health of natural habitat — Satish Kumar

Our Government is fostering economic growth in Kitchener, Cambridge and all of the Waterloo Region by investing in our innovative businesses. Today's announcement is a great example of how we are helping high-potential companies bring great ideas to market faster. Helping our entrepreneurs and original thinkers export their products and services to the rest of the world creates jobs, growth and economic prosperity here at home. — Gary Goodyear

Contrary to popular belief, we do not face a choice between economy and ecology, It is often said that protecting the environment would constrain or even undermine economic growth. In fact, the opposite is true: unless we protect resources and the earth's natural capital, we shall not be able to sustain economic growth. — Kofi Annan

The cost of infrastructure development to host a mega-event can be offset against economic growth over future decades. — Richard Attias

The Federal Reserve's objectives of maximum employment and price stability do not, by themselves, ensure a strong pace of economic growth or an improvement in living standards. The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work. — Janet Yellen

I'm fundamentally not interested in the Fortune 500 companies - in US, Mexico, anywhere. The real backbones of economic growth are small and medium businesses. — Tom Peters

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength. — George W. Bush

If China don't free up the political side, its economic growth will come to an end - while it is still at a very low level. — Milton Friedman

The Republican promise is for policies that create economic growth. Republicans believe lower taxes, less regulation, balanced budgets, a solvent Social Security and Medicare will stimulate economic growth. — Rand Paul

The US is often the first to call for transparency and integrity in the reporting of other governments. It has never provided transparency or integrity in its reporting on the war in Iraq. It has downplayed the growth of the insurgency and other civil conflicts. It exaggerated progress in the development of Iraqi forces, and has reported meaningless macroecomic figures claiming 'progress' in the face of steadily deteriorating economic conditions for most Iraqis outside the Kurdish security zone, and does so in the face of almost incredible incompetence by USAID and the Corps of Engineers. — Anthony H. Cordesman

The antigovernment paradigm blinds us to possibilities that lie outside its ideological litmus tests and prevents us from creating new networks of cooperation that can restore economic growth, bring economic opportunity to more people and places, and increase our ability to lead the world to a better future. — Bill Clinton

By the mid second century BCE, the profits of warfare had made the Roman people by far the richest of any in their known world. Thousands upon thousands of captives became the slave labour that worked the Roman fields, mines and mills, that exploited resources on a much more intensive scale than ever before and fuelled Roman production and Roman economic growth. — Mary Beard

You eventually have to figure out how to balance the books. So that's the reason I gave up my day job to come do this was to go fight to create the space where spending matches America's capacity to tax, and that means economic growth and a smaller, humbler federal government. — Mike Pompeo

As economic globalization gathers momentum, China and the United States have become highly interdependent economically. Such economic relations would not enjoy sustained, rapid growth if they were not based on mutual benefit or if they failed to deliver great benefits to the United States. — Xi Jinping

What Democrats haven't focused on are the kind of policies that would promote economic growth - such as making permanent the 2001/2003 tax cuts, opening up federal lands to more energy production, and reforming government to reduce its burden on business. — Bob Beauprez

The bottom line is that the death tax is a tax on the economy because it slows economic growth. — Todd Tiahrt

Economic growth and environmental protection are not at odds. They're opposite sides of the same coin if you're looking at longer-term prosperity. — Henry Paulson

This kind of inequality - a level we haven't seen since the Great Depression - hurts us all. When middle-class families can no longer afford to buy the goods and services that businesses are selling, it drags down the entire economy, from top to bottom. America was built on the idea of broad-based prosperity - that's why a CEO like Henry Ford made it his mission to pay his workers enough so that they could buy the cars they made. It's also why a recent study showed that countries with less inequality tend to have stronger and steadier economic growth over the long run. — Barack Obama

Promoting job creation and economic growth in the Hudson Valley is one of my top priorities in Congress. — Sue Kelly

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses. — Ben Bernanke

Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms. — Toshihiko Fukui

Why do farmers farm, given their economic adversities on top of the many frustrations and difficulties normal to farming? And always the answer is: "Love. They must do it for love." Farmers farm for the love of farming. They love to watch and nurture the growth of plants. They love to live in the presence of animals. They love to work outdoors. They love the weather, maybe even when it is making them miserable. They love to live where they work and to work where they live. If the scale of their farming is small enough, they like to work in the company of their children and with the help of their children. They love the measure of independence that farm life can still provide. I have an idea that a lot of farmers have gone to a lot of trouble merely to be self-employed to live at least a part of their lives without a boss. — Wendell Berry

Ambition without knowledge is like a boat on dry land -movie - Karate kid"What is the calculus of innovation?" "The calculus of innovation is really quite simple: knowledge drives innovation, innovation drives productivity, productivity drives our economic growth." — William R. Brody