Factors Of Production Quotes

Intellectual capital is the most valuable of all factors of production. ~ Brian Tracy

On the unhampered market there prevails an irresistible tendency to employ every factor of production for the best possible satisfaction of the most urgent needs of the consumers. If the government interfered with this process, it can only impair satisfaction; it can never improve it. ~ Ludwig Von Mises

The one important distinction between the two factors of production is that in a free society, ownership of the human factor, labor, cannot be concentrated while ownership of the non-human factor, capital, can be. ~ Louis O. Kelso

In neo-classical economic theory, it is claimed without evidence that people are basically self-seeking, that they want above all the satisfaction of their material desires: what economists call "maximising utility". The ultimate objective of mankind is economic growth, and that is maximized only through raw, and lightly regulated, competition. If the rewards of this system are spread unevenly, that is a necessary price. Others on the planet are to be regarded as either customers, competitors or factors of production. Effects upon the planet itself are mere "externalities" to the model, with no reckoning of the cost - at least for now. Nowhere in this analysis appears factors such as human cooperation, love, trust, compassion or hatred, curiosity or beauty. Nowhere appears the concept of meaning. What cannot be measured is ignored. But the trouble is that once our basic needs for shelter and food have been met, these factors may be the most important of all. ~ Carne Ross

The traditional, correct pre-Marxist view on exploitation was that of radical laissez-faire liberalism as espoused by, for instance, Charles Comte and Charles Dunoyer. According to them, antagonistic interests do not exist between capitalists, as owners of factors of production, and laborers, but between, on the one hand, the producers in society, i.e., homesteaders, producers and contractors, including businessmen as well as workers, and on the other hand, those who acquire wealth non-productively and/or non-contractually, i.e., the state and state-privileged groups, such as feudal landlords. ~ Hans-Hermann Hoppe

By rendering their enterprises profitable, the consumers shift control of the factors of production into the hands of those businessmen who serve them best. By rendering the enterprises of the bungling entrepreneurs unprofitable, they withdraw control from those entrepreneurs with whose services they disagree. It is antisocial in the strict meaning of the term if governments thwart these decisions of the people by taxing profits. From a genuinely social point of view, it would be more "social" to tax losses than to tax profits. ~ Ludwig Von Mises

Yet a much more fundamentally political dimension of the socially constructed nature of capital - nothing less than the specification of a parallel universe with its own natural laws and rules for the physical existence and subsistence of financial capital and its interaction with the other factors of production - has also often been overlooked in contemporary academic literature. Under the current monetary arrangements financial capital is a peculiar creature indeed. Money can be created ex nihilo at the stroke of a pen - or a keyboard - by a specific type of legal person entrusted with the task, not other legal or natural person. With the socially constructed ability to attract compound interest in a world where physical assets rot and break, it does not share the same physical reality with the mere mortal factors of production: even in cases where productive investments which enable the payment of interest in real terms can be identified, the compounding of interest on financial capital is not temporally limited to the period that the relevant physical assets can continue to produce exponential returns in real terms. Rather than representing accumulated wealth that could be "saved" to finance investment, the bulk of money disappears as soon as other factors of production are not willing to pay a tribute to induce its continuing circulation in the form of interest payments. In addition to the inherently political nature of specifications of money have been detached from vir ~ Tero Auvinen

It is much more accurate to identify the factors of production as know-how (that is genetic information structure), energy, and materials, for, as we have seen, all processes of production involve the direction of energy by some know-how structure toward the selection, transportation, and transformation of materials into the product ~ Kenneth E. Boulding

No Keynesian has ever proposed a measure designed to make the individual more productive; for that would require institutional means for enabling him to acquire ownership of the nonhuman factor of production: capital. ~ Louis O. Kelso

One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay for the factors of production necessary for the completion of the investment projects which they have already committed themselves. Because they cannot pay their bills, they sell off their inventories cheap. Then comes the panic, the breakdown. And the depression starts. ~ Ludwig Von Mises

Art that sells on production is bad art, essentially. It is art that is made to demand. It suits the public. The taste of the public is bad. The taste of the public is always bad. It is bad because it is not an individual expression, but merely a mania for assent, a mania to be 'in on it'. ~ Ezra Pound

The values of commodities are directly as the times of labor employed in their production, and are inversely as the productive powers of the labor employed. ~ Karl Marx

The big difference is the size of the crew and the flexibility of shooting because of the size. I mean, it's crazy. So you can't improvise, you cannot suddenly do something that comes to mind, whereas in a small production you have much more flexibility. ~ Bille August

Modern technology easily becomes the servant of this or that want and need. In modern economy, a completely irrational consumption conforms to a totally rationalized production. A marvelously rational mechanism serves one or another demand, always with the same earnestness and precision, be it for a silk blouse or poison gas or anything whatsoever. Economic rationalism has accustomed itself to deal only with certain needs and to acknowledge only those it can "satisfy." In the modern metropolis, it has erected an edifice wherein everything runs strictly according to plan - everything is calculable. A devout Catholic, precisely following his own rationality, might well be horrified by this system of irresistible materiality. ~ Carl Schmitt

Positive attitude is the foundation of your life - and the determining factor of your ability to serve. ~ Jeffrey Gitomer

The words Socialism and Communism have the same meaning. They indicate a condition of society in which the wealth of the community: the land and the means of production, distribution and transport are held in common, production being for use and not for profit. ~ Sylvia Pankhurst

If you say "the economy," you show you're stupid. There's no such thing as the economy. There is not a unity between the forces of production and the relations of production. ~ Christopher Hitchens

There cannot exist in the future an economy which is still mercantile but which isn't capitalist anymore. Before capitalism there were economies which were partially mercantile, but capitalism is the last of this genre. ~ Amadeo Bordiga

What I have done is to show the importance for the working of the economic system of what may be termed the institutional structure of production. ~ Ronald Coase

By 1945, a growing number of whites in the North had concluded that the Jim Crow system would have to be modified, if not entirely overthrown. This consensus was due to a number of factors, including the increased political power of blacks due to migration to the North and the growing membership and influence of the NAACP, particularly its highly successful legal campaign challenging Jim Crow laws in federal courts. Far more important in the view of many scholars, however, is the influence of World War II. The blatant contradiction between the country's opposition to the crimes of the Third Reich against European Jews and the continued existence of a racial caste system in the United States was proving embarrassing, severely damaging the nation's credibility as leader of the "free world. ~ Michelle Alexander

Whether or not the standard of living made possible by mass production and in turn by mass circulation, is supported by and filled with the work of us hucksters, I guess is something that only history can decide. ~ Leo Burnett

I don't have many expenses as a college student (mostly food) so I'm able to put advertising revenue right back into the production of new videos. ~ Marques Brownlee

My work is very much like the restaurant critic's - a number of factors come together to make for a strong review. ~ Hank Stuever

The art of the alchemist, whether spiritual or physical, consists in completing the work of perfection, bringing forth and making dominant, as it were, the "latent goldness" which "lies obscure" in metal or man. The ideal adept of alchemy was therefore an "auxiliary of the Eternal Goodness." By his search for the "Noble Tincture" which should restore an imperfect world, he became a partner in the business of creation, assisting the Cosmic Plan. Thus the proper art of the Spiritual Alchemist, with whom alone we are here concerned, was the production of the spiritual and only valid tincture or Philosopher's Stone; the mystic seed of transcendental life which should invade, tinge, and wholly transmute the imperfect self into spiritual gold. That this was no fancy of seventeenth-century allegorists, but an idea familiar to many of the oldest writers upon alchemy - whose quest was truly a spiritual search into the deepest secrets of the soul - is proved by the words which bring to an end the first part of the antique "Golden Treatise upon the Making of the Stone," sometimes attributed to Hermes Trismegistus. "This, O Son," says that remarkable tract, "is the Concealed Stone of Many Colours, which is born and brought forth in one colour; know this and conceal it . . . it leads from darkness into light, from this desert wilderness to a secure habitation, and from poverty and straits to a free and ample fortune. ~ Evelyn Underhill

In the course of waging that war, the people of Canada had shown that it was possible for them to maintain nearly a million men in uniform and at the same time expand all the facilities for production within Canada at an unprecedented speed, including building industries which had never existed in Canada before ... and by and large the cost of production in Canada compared favourable with the cost of production anywhere else among the Allies ... All of this was accomplished without any foreign investment, without and foreign loans ... We were quite capable of self-development. ~ Tim Buck

I've been in a recording studio enough times to know that it is not the best place to multitask. Doing a couple of takes of a song and running out to check your email to talk to someone about video production really is not good. ~ Amanda Palmer

Everything is possible in America, except the production of intelligence. ~ Mie Hansson

It was always something I knew I was capable of and from an early age my mother was involved in the film industry. She used to work at a production company. So I was exposed to a renaissance period of films in New Zealand back in the early 80's. ~ Karl Urban

The original Return of the Living Dead, I was attached to direct it, and I wrote the story. Production was delayed. In the meantime I went to London to do Lifeforce. ~ Tobe Hooper

The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation and distorts, unbalances, and shrinks production. Total real wealth and income is made smaller than it would otherwise be. On net balance there is more poverty rather than less. ~ Henry Hazlitt

I worked as a production assistant on a couple of films, and finally, I got a job at an animation studio as an editor. After that, work begat work. I got into directing music videos and commercials. ~ Thomas Schlamme

[I]f one is to learn from history, one should not concentrate solely upon a single portion of an era but rather make a thorough investigation of the many complex and mutually contradictory factors that made the era what it was. One must take the single portion and fit it into its proper place. One must evaluate the various elements that went into giving it its special character. Thus one must look at history from a perspective that offers a broad and balanced view.
This, I believe, is what is meant by learning from history. For any man's view of his own era is limited, and he has great difficulty in trying to obtain a comprehensive picture of his time. Precisely because of this, then, the comprehensive picture offered by history both provides information and constitutes a pattern for one's guidance. A man who lives bound by the limits of the minute-to-minute present is able, by means of the broad vision offered by time-transcending history, to avail himself of a comprehensive picture of his world and so correct his own narrow view of things. Such is the enjoyable privilege that history offers men.
Learning from history should never mean fastening upon a particular aspect of a particular era and using it as a model to reform a particular aspect of the present. To take out of the jigsaw puzzle of the past a piece with a set form and attempt to fit it into the present is not an enterprise that could have a happy outcome. To do so is to toy with history, a pastime fit ~ Yukio Mishima

Three of the most important factors in determining to what degree a government's power will be controlled or uncontrolled therefore are: (1) the relative desire of the populace to impose limits on the government's power; (2) the relative strength of the subjects' independent organizations and institutions to withdraw collectively the sources of power; and (3) the population's relative ability to withhold their consent and assistance. ~ Anonymous

Many of the deficiencies of our economic system could be alleviated if ways were found to broaden the ownership of the means of production ... This has happened in some companies through ESOPs. Successful approaches of this sort would pay dividends in terms of employee commitment and morale. And they would not deprive anyone of his present holdings since they are based on future growth. ~ John D. Rockefeller

Heart disease is not a Lipitor, Crestor or even an "anacetrapib" deficiency. It is a complex end result of multiple factors driven by our diet, fitness level, stress, and other lifestyle factors such as smoking, social connections, and, increasingly, environmental toxins. ~ Mark Hyman, M.D.

When producing low-heat Portland cement the percentage of C2S is increased and that of C3S and C3A is decreased. This type of cement is of particular use in construction of dams, massive foundation, etc. to reduce the production of heat. ~ P.C. Varghese

Let's face it. There are good people and bad people everywhere. Illiteracy, poor education, wars, greed , corruption and similar factors were responsible for the problems in both India and Pakistan. Religious fanatics benefited from these factors and developed formidable socio-political strongholds in both countries. ~ Vivek Pereira

All we seek is an America where every person is given the chance to productively contribute to his country and where he can receive a fair and equitable share of the wealth that production creates. ~ Coretta Scott King

The people that watch or buy music or listen to TV, I don't think they separate the two as much as the people that are in charge of the production of it. ~ Tina Yothers

Of course God's way of speaking to us is different from our way, but he does speak to us, and his words are intelligible; they are interior factors closely linked to the unremitting work of our conscience. ~ Saint John Paul II

There's a certain romanticism associated with exploration of space, which is one of the major factors why we'll continue. ~ John McCain