Economy, Development & Poverty quotes for UPSC & State PCS

A penny saved is a penny got.

If a man own land, the land owns him.

Anything we can actually do we can afford.

A creative economy is the fuel of magnificence.

Eternal vigilance is the price of food security.

Free trade is not based on utility but on justice.

Riches are a good handmaid, but the worst mistress.

The right to food has to become the right to good food

Starvation, and not sin, is the parent of modern crime.

It is thrifty to prepare today for the wants of tomorrow.

Principles have no real force except when one is well-fed.

Today, a nation ringed by walls would only imprison itself.

When you have no money your life is one long series of snubs.

Confidence comes back one at a time, but fear, is instantaneous.

A decent provision for the poor is the true test of civilization.

Frugality is founded on the principle that all riches have limits.

When it is a question of money, everybody is of the same religion.

Pennies don't fall from heaven, they have to be earned here on earth.

Economics are the method; the object is to change the heart and soul.

If men must beg to live, May the Creator also go wandering and perish.

O immortal gods! Men do not realize how great a revenue parsimony can be!

Money is therefore not only the object but also the fountainhead of greed.

One day our grandchildren will go to museums to see what poverty was like.

After all, you only find out who is swimming naked when the tide goes out.

Commerce unites men and make them; therefore it is fatal to despotic power.

It is too difficult to think nobly when one thinks only of earning a living.

If you open a window for fresh air, you have to expect some flies to blow in.

Inflation is the one form of taxation that can be imposed without legislation.

To tax and to please, no more than to love and to be wise, is not given to men.

It doesn't matter whether the cat is black or white, as long as it catches mice.

Not taking risks one doesn't understand is often the best form of risk management.

Money... is most universal and most efficient system of mutual trust ever devised.

I don't want India to be an economic superpower. I want India to be a happy country.

This mournful truth is ev'rywhere confessed — Slow rises worth, by poverty depressed.

You cannot change the world in a day...if you want to change, start from your village.

Balancing the budget is like protecting your virtue , you have to learn how to say no.

You may try to destroy wealth, and find that all you have done is to increase poverty.

The reason that the invisible hand often seems invisible is that it is often not there.

II. The tax which each individual is bound to pay ought to be certain, and not arbitrary.

The social insecurity of the worker is the real cause of their being a peril to the state.

Every progress has its bill of costs and only those who pay for it will have that progress.

Human resources are the most valuable assets the world has. They are all needed desperately.

Welfare's purpose should be to eliminate, as far as possible, the need for its own existence.

Landlords... grow richer, as it were in their sleep, without working, risking, or economizing.

Money lending is a horrible profession. If we are to call it otherwise it is lawful plundering.

Taxes are an evil—a necessary evil, but still an evil, and the fewer of them we have the better.

If we command our wealth, we shall be rich and free; if our wealth commands us, we are poor indeed.

The hopes of the Republic cannot forever tolerate either undeserved poverty or self-serving wealth.

Many of the greatest economic evils of our time are the fruits of risk, uncertainty, and ignorance.

Liberty is, to the lowest rank of every nation, little more than the choice of working or starving.

Amul Dairy is a manifestation of what can happen when farmers assert themselves, fight for a cause.

Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.

The rich never go hungry, but the poor are always starving. This is the real tragedy of our society.

The selfish spirit of commerce knows no country, and feels no passion or principle but that of gain.

Similarly, individual acts of aristocratic generosity do not eliminate pauperism; they perpetuate it.

Let me make it very clear that the days of cheap food are over, just as the days of cheap oil are over

What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom.

Nothing can be settled in isolation. Every use of our resources is at the expense of an alternative use.

The world is shrinking together; it is finding itself neighbor to itself in strange, almost magic degree.

Every blade of grass is a study; and to produce two, where there was but one, is both a profit and a pleasure.

The country that is more developed industrially only shows, to the less developed, the image of its own future.

The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization.

Economic privation proceeds by easy stages, and so long as men suffer it patiently the outside world cares little.

Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed.

Free enterprise cannot be justified as being good for business. It can be justified only as being good for society.

The time to repair the roof is when the sun is shining — by filling three basic gaps in our anti-recession protection.

If I wanted to destroy a nation, I would give it too much and I would have it on its knees, miserable, greedy and sick.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

The gnawings of hunger conquers by degrees, till all that a man has he would give in exchange for a single crust of bread.

The superfluities of the rich are the necessaries of the poor. They who possess superfluities, possess the goods of others.

The true wealth of a nation consists not in the stored- up gold but in the intellectual and physical strength of its people.

The more is given the less the people will work for themselves, and the less they work the more their poverty will increase.

With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.

Poor people always pay back their loans. It's us, the creators of institutions and rules, who keep creating trouble for them.

...entrepreneurship, resulting in large-scale job creation, was the only viable mechanism for eradicating poverty in societies.

A people... who are possessed of the spirit of commerce, who see and who will pursue their advantages may achieve almost anything.

The poor themselves can create a poverty-free world — all we have to do is to free them from the chains that we have put around them.

The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.

No development strategy can be based only upon what comes out of the ground, nor can it be sustained while young people are out of work.

Money is not coins and bank notes. Money is anything that people... use... to represent... value... for... exchanging goods and services.

If there is anything in the world that can really be called a man’s property, it is surely that which is the result of his mental activity.

Village reform is not merely cleaning the roads, constructing schools and worshipping monasteries. It is not mere celebration of festivals.

In the domain of political economy the abstract doctrines of science leave me perfectly cold, my only standard of judgment being experience.

I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.

Globalization is not in itself a folly: It has enriched the world scientifically and culturally and benefited many people economically as well.

Eloquence may strike the ear, but the language of poverty strikes the heart; the first may charm like music, but the second alarms like a knell.

Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God's children.

The Irish famine of 1846 killed more than 1,000,000 people, but it killed poor devils only. To the wealth of the country it did not the slightest damage.

On tight money: It reflects a reversion to the old idea that the tree can be fertilized at the top instead of at the bottom — the old trickle-down theory.

For one true measure of a nation is its success in fulfilling the promise of a better life for each of its members. Let this be the measure of our nation.

The greatest service which can be rendered any country is to add an useful plant to its culture; especially, a bread grain; next in value to bread is oil.

The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.

The international community . . . allows nearly 3 billion people—almost half of all humanity—to subsist on $2 or less a day in a world of unprecedented wealth.

By helping the poor, we must be able to remove their poverty. By extending help to one here and one there in the form of providing food will not remove poverty

This avidity alone, of acquiring goods and possessions for ourselves and our nearest friends, is insatiable, perpetual, universal, and directly destructive of society.

Political sovereignty is but a mockery without the means of meeting poverty and illiteracy and disease. Self-determination is but a slogan if the future holds no hope.

By Numbers here from Shame or Censure free, All Crimes are safe, but hated Poverty. This, only this, the rigid Law persues, This, only this, provokes the snarling Muse.

O reader, to what shifts is poor Society reduced, struggling to give still some account of herself, in epochs when Cash Payment has become the sole nexus of man to men!

Exchange is truly voluntary only when nearly equivalent alternatives exist. Monopoly implies the absence of alternatives and thereby inhibits effective freedom of exchange.

Sometimes the poor are praised for being thrifty. But to recommend thrift to the poor is both grotesque and insulting. It is like advising a man who is starving to eat less.

This man talked like he could build the barns by himself, like he could till the soil by himself. And he failed to realize that wealth is always a result of the commonwealth.

Capitalism distinguishes 'capital' from mere 'wealth'. Capital consists of... resources... invested in production. Wealth... is buried... or wasted on unproductive activities.

Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.

There is a divergence between private and social accounting that the market fails to register. One essential task of law and government is to institute the necessary conditions.

It is doubly chimerical to build peace on economic foundations which, in turn, rest on the systematic cultivation of greed and envy, the very forces which drive men into conflict.

The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.

Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.

Agriculture is the backbone of the livelihood security system of nearly 700 million people in the country and we need to build our food security on the foundation of home grown food.

Poverty has been created by the economic and social system that we have designed for the world. It is the institutions that we have built, and feel so proud of, which created poverty.

We must build on the resources represented by our young professionals and by our nation’s farmers. Without their involvement, we cannot succeed. With their involvement we can not fail.

As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.

Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.

Actually, the problem for the world as a whole is not how to distribute such wealth that exists but how to increase production, without which economic equality merely means common misery.

It is a bad thing for a nation to raise and to admire a false standard of success; and there can be no falser standard than that set by the deification of material well-being in and for itself.

If there is to be support for trade globalization in the developed world, we must make sure that the benefits and costs are more evenly shared, which will entail more progressive income taxation.

The best state for human nature is that in which, while no one is poor, no one desires to be richer, nor has any reason to fear being thrust back by the efforts of others to push themselves forward.

All human beings have an innate skill — survival skill. The fact that poor are still alive is a proof of their ability to survive. We do not need to teach them how to survive. They know this already.

Promoters do not have a divine right to stay in charge regardless of how badly they mismanage an enterprise, nor do they have the right to use the banking system to recapitalize their failed ventures.

Society cares about the individual only in so far as he is profitable. The young know this. Their anxiety as they enter in upon social life matches the anguish of the old as they are excluded from it.

If you are an outsider looking at India, learn to filter out both the irrational exuberance and the excessive pessimism. We're subject to both. You will become manic-depressive if you follow our moods.

The impoverishment of economics related to its distancing from ethics affects both welfare economics (narrowing its reach and relevance) and predictive economics (weakening its behavioural foundations).

Resolve not to be poor: whatever you have, spend less. Poverty is a great enemy to human happiness; it certainly destroys liberty, and it makes some virtues impracticable, and others extremely difficult.

The world political system is till based on the concept of the national sovereign state. For the first time therefore, in three hundred years economy and sovereignty are becoming divorced from each other.

All work undertaken should be useful — not just for a day, or a year, but useful in the sense that it affords permanent improvement in living conditions or that it creates future new wealth for the Nation.

The direct elimination of poverty should be the objective of all development aid. Development should be viewed as a human rights issue, not as a question of simply increasing the gross national product GNP.

But wherever the truth may lie, this much is crystal-clear: our bigger-and-better society is now like a hypochondriac, so obsessed with its own economic health as to have lost the capacity to remain healthy.

In brief, all this Mammon-Gospel, of Supply-and-demand, Competition, Laissez-faire, and Devil take the hindmost, begins to be one of the shabbiest Gospels ever preached on Earth; or altogether the shabbiest.

The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an individual, makes it fall light and easy upon the whole society.

Men did not make the earth... It is the value of the improvements only, and not the earth itself, that is individual property... Every proprietor owes to the community a ground rent for the land which he holds.

So the real problem in this whole question relates to utilization of national resources for productive and social welfare against the burden of defense expenditure which a country can bear at any particular time.

The law of progress holds that everything now must be better than what was there before. Don’t you see if you want something better, and better, and better, you lose the good? The good is no longer even being measured.

I came to office with one deliberate intent: to change Britain from a dependent to a self-reliant society – from a give-it-to-me, to a do-it-yourself nation. A get-up-and-go, instead of a sit-back-and-wait-for-it Britain.

Money is the measure of all things, and profit the primary goal. For the oppressors, what is worthwhile is to have more—always more—even at the cost of the oppressed having less or having nothing. For them, to be is to have.

The horseman serves the horse, The neatherd serves the neat, The merchant serves the purse, The eater serves his meat; 'Tis the day of the chattel, Web to weave, and corn to grind; Things are in the saddle, And ride mankind.

Welfare programs as instruments of manipulation ultimately serve the end of conquest. They act as an anesthetic, distracting the oppressed from the true causes of their problems and from the concrete solutions of these problems.

I have a vision of India: an India free of hunger and fear, an India free of illiteracy and want. I dream of an India that is prosperous, strong and caring. An India, that regains a place of honour in the comity of great nations.

In every stock-jobbing swindle everyone knows that some time or other the crash must come, but every one hopes that it may fall on the head of his neighbour, after he himself has caught the shower of gold and placed it in safety.

Business underlies everything in our national life, including our spiritual life. Witness the fact that in the Lord's Prayer, the first petition is for daily bread. No one can worship God or love his neighbor on an empty stomach.

Money is miraculous. What miraculous facilities has it yielded, will it yield us; but also what never-imagined confusions, obscurations has it brought in; down almost to total extinction of the moral-sense in large masses of mankind!

Successful entrepreneurship is ultimately a matter of flair. But there is also a fund of practical knowledge to be acquired and, of course, the right legal and financial framework has to be provided for productive enterprise to develop.

Good roads, canals, and navigable rivers, by diminishing the expence of carriage, put the remote parts of the country more nearly upon a level with those of the neighbourhood of the town. They are upon that the greatest of all improvements.

The 400 of us pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you're in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.

A great stock, though with small profits, generally increases faster than a small stock with great profits. Money, says the proverb, makes money. When you have a little, it is often easier to get more. The great difficulty is to get that little.

With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches, which in their eye is never so complete as when they appear to possess those decisive marks of opulence which nobody can possess but themselves.

As they say on my own Cape Cod, a rising tide lifts all the boats. And a partnership, by definition, serves both partners, without domination or unfair advantage. Together we have been partners in adversity — let us also be partners in prosperity.

The natural resource curse is not fate; it is choice. The exploitation of natural resources is an important part of globalization today, and in some ways the failures of the resource-rich developing countries are emblematic of globalization's failures.

Misery and poverty are so absolutely degrading, and exercise such a paralysing effect over the nature of men, that no class is ever really conscious of its own suffering. They have to be told of it by other people, and they often entirely disbelieve them.

But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task, if in tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.

The elementary fact is that ‘business’ does not and cannot pay taxes. Only people can pay taxes. Corporate officials may sign the check, but the money that they forward to Internal Revenue comes from the corporation’s employees, customers, or stockholders.

My policies are based not on some economics theory, but on things I and millions like me were brought up with: an honest day's work for an honest day's pay; live within your means; put by a nest egg for a rainy day; pay your bills on time; support the police.

I. The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities, that is, in proportion to the revenue which they respectively enjoy under the protection of the state.

...now, the new class of landlords — they may not be landlords but practically they are — and therefore a new class of people have come up, powerful politically and socially, and it has become very difficult to implement any land reforms today, because of that.

The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers.

The crop of spiritual talent that is born to you, of human nobleness and intellect and heroic faculty, this is infinitely more important than your crops of cotton or corn, or wine or herrings or whale-oil, which the Newspapers record with such anxiety every season.

We have pushed taxation of wealth to a point in Great Britain where in many cases the yield would be greater if the rate were less. The idea that prosperity can be wooed by chasing millionaires is one of the most common and most foolish of modern popular delusions.

One of history's few iron laws is that luxuries tend to become necessities and to spawn new obligations. Once people get used to a certain luxury, they take it for granted. Then they begin to count on it. Finally, they reach a point where they can't live without it.

When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union — like public housing in the United States — look decrepit within a year or two of their construction.

Capitalism is being attacked not because it is inefficient or misgoverned but because it is cynical. And indeed a society based on the assertion that private vices become public benefits cannot endure, no matter how impeccable its logic, no matter how great its benefits.

In part, free trade has not worked because we have not tried it: trade agreements of the past have been neither free nor fair. They have been asymmetric, opening up markets in the developing countries to goods from the advanced industrial countries without full reciprocation.

Milk is the only commodity which has to be collected twice a day, every day of the year. Thus, cooperatives are the only logical system for the dairy industry. About 85% of the industry in the US, Denmark and Australia is run by cooperatives. No other system will work for milk.

One of the best things I read was an 1889 essay by Andrew Carnegie called The Gospel of Wealth. It makes the case that the wealthy have a responsibility to return their resources to society, a radical idea at the time that laid the groundwork for philanthropy as we know it today.

But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.

A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more, otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation.

Probably some ninety-nine out of every hundred of our gifted souls, who have to seek a career for themselves, go this beaver road. Whereby the first half-result, national wealth namely, is plentifully realized; and only the second half, or wisdom to guide it, is dreadfully behindhand.

To give the monopoly of the home-market to the produce of domestic industry, in any particular art or manufacture, is in some measure to direct private people in what manner they ought to employ their capitals, and must, in almost all cases, be either a useless or a hurtful regulation.

In the 1930s Japanese generals, admirals, economists and journalists concurred that without control of Korea, Manchuria and the Chinese coast, Japan was doomed to economic stagnation. They were all wrong. In fact, the famed Japanese economic miracle began only after Japan lost all its mainland conquests.

It is not a correct deduction from the Principles of Economics that enlightened self-interest always operates in the public interest. Nor is it true that self-interest generally is enlightened; more often individuals acting separately to promote their own ends are too ignorant or too weak to attain even these.

Over the last 20 years India’s milk production has tripled; it has increased from 20 million tonnes per annum to 60 million tonnes per annum.... Dairying has become the largest rural employment scheme in this country. And the government has had very little to do with it, even though we are a government institution.

The economic issues are most vital for us and it is of the highest importance that we should fight our biggest enemies – Poverty, unemployment. Whether it is agriculture or industrial development, or for that matter, development in other fields, the basic fact remains – that it would serve the largest number of our people.

Combinations in industry are the result of an imperative economic law which cannot be repealed by political legislation. The effort at prohibiting all combination has substantially failed. The way out lies, not in attempting to prevent such combinations, but in completely controlling them in the interest of the public welfare.

To permit every lawless capitalist, every law-defying corporation, to take any action, no matter how iniquitous, in the effort to secure an improper profit and to build up privilege, would be ruinous to the Republic and would mark the abandonment of the effort to secure in the industrial world the spirit of democratic fair dealing.

Thus the first objective of state economic policy is to ensure competition. This needs to be taken into account in the process of privatization or reorganizing state enterprises, as well as in the laws allowing the formation of firms, cooperatives, and partnerships. The government must take actions to minimize the barriers to entry.

Recognizing economic health as an indispensable basis of military strength and the free world's peace, we shall strive to foster everywhere, and to practice ourselves, policies that encourage productivity and profitable trade. For the impoverishment of any single people in the world means danger to the well-being of all other peoples.

When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.

Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from these rules, in consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.

Throughout history, societies have suffered from two kinds of poverty: social poverty... withholds from some... the opportunities available to others; and biological poverty... puts... life... at risk due to lack of food and shelter. Perhaps social poverty can never be eradicated, but in many countries... biological poverty is a thing of the past.

We will not reflate...Past governments have tried that. Past governments have deliberately created inflation in the hope of reducing unemployment. It always finished up with worse inflation and worse unemployment. Mr President, You can't build a secure future on dishonest money. And there is a fundamental truth, from which no government can escape.

Through Operation Flood, milk has been transformed from a commodity into a brand, from insufficient production to sufficient production, from rationing to plentiful availability; from loose unhygienic milk to milk that is pure and sure, from subjugation to as symbol of farmer’s economic independence, to being the consumer’s greatest insurance policy for good health.

The soul is subject to dollars.

Profit is not a cause but a result-

Self-sufficiency is the greatest of all wealth.

Every thing in the world is purchased by labour.

war is a matter not so much of arms as of money,

Give, even if you only have a little. (Verse 224)

He who possesses most must be most afraid of loss.

Nothing is so permanent as a temporary government program.

The great city is that which has the greatest man or woman.

Wherever there is great property, there is great inequality.

The shortest way to wealth is through the contempt of wealth.

It's class warfare. My class is winning, but they shouldn't be.

Commerce with all nations, alliance with none, should be our motto.

Wealth is like sea-water; the more we drink, the thirstier we become.

This country cannot afford to be materially rich and spiritually poor.

The hunger for love is much more difficult to remove than the hunger for bread.

Earth provides enough to satisfy every man's need but not for every man's greed.

It is not the man who has too little, but the man who craves more, that is poor.

The civility which money will purchase, is rarely extended to those who have none.

Lord Illingworth: Discontent is the first step in the progress of a man or a nation.

The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.

India is a nation of unfulfilled greatness. Its potential has lain fallow, under used.

Do we realize that industry, which has been our good servant, might make a poor master?

Were we directed from Washington when to sow and when to reap, we should soon want bread.

Frugality may be termed the daughter of Prudence, the sister of Temperance and the parent of Liberty.

To be a poor man is hard, but to be a poor race in a land of dollars is the very bottom of hardships.

We have always known that heedless self-interest was bad morals; we know now that it is bad economics.

And the cost of a thing it will be remembered as the amount of life it requires to be exchanged for it.

When women thrive, all of society benefits and succeeding generations are given a better start in life.

One of the great mistakes is to judge policies and programs by their intentions rather than their results.

Thinking to get at once all the gold the goose could give, he killed it and opened it only to find nothing.

A man who knows the price of everything and the value of nothing. [Answering the question, what is a cynic?]

A nation's strength ultimately consists in what it can do on its own, and not in what it can borrow from others.

A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.

I would rather belong to a poor nation that was free than to a rich nation that had ceased to be in love with liberty.

Freedom is not merely a word or an abstract theory, but the most effective instrument for advancing the welfare of man.

I don't think Mr. Harriman is very rich. He has not as much money as I have. I have all I want and Mr. Harriman has not.

For if a thing is not diminished by being shared with others, it is not rightly owned if it is only owned and not shared.

Trees, though they are cut and lopped, grow up again quickly, but if men are destroyed, it is not easy to get them again.

The ending of colonialism does not in itself result in social and economic progress: it provides the opportunities for it.

We have to change the mindset of our corporate leaders and, obviously, we have to raise the level of corporate governance.

In the long run, the most important changes required to make globalization work are reforms to reduce the democratic deficit.

It is not enough for the economist in a free society to be a good economic craftsman; he must also think and act as a citizen.

The development of the nation is intimately linked with understanding and application of science and technology by its people.

The wealth required by nature is limited and is easy to procure; but the wealth required by vain ideals extends to infinity. (15)

The need of the immaterial is the most deeply rooted of all needs. One must have bread; but before bread, one must have the ideal.

Developing countries can leapfrog several stages in the development process through the application of bio-technology in agriculture

I think myself that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious.

Money is always to be found when men are to be sent to the frontiers to be destroyed: when the object is to preserve them, it is no longer so.

The good or healthy society would then be defined as one that permitted people's highest purposes to emerge by satisfying all their basic needs.

If money help a man to do good to others, it is of some value; but if not, it is simply a mass of evil, and the sooner it is got rid of, the better.

Poor and free rather than rich and enslaved. Of course, men want to be both rich and free, and this is what leads them at times to be poor and enslaved.

The important thing for Government is not to do things which individuals are doing already... but to do those things which at present are not done at all.

The people are starving. They need food; they need medicine; they need education. They do not need a skyscraper to house the ruling party and a 24-hour TV station.

There are two spiritual dangers in not owning a farm. One is the danger of supposing that breakfast comes from the grocery, and the other that heat comes from the furnace.

The life of money-making is one undertaken under compulsion, and wealth is evidently not the good we are seeking; for it is merely useful and for the sake of something else.

I live from day to day, and content myself with having enough to meet my present and ordinary needs; for the extraordinary, all the provision in the world could not suffice.

The infinite, absolute character of Virtue has passed into a finite, conditional one; it is no longer a worship of the Beautiful and Good; but a calculation of the Profitable.

The modern world worships the gods of speed and quantity, and of the quick and easy profit, and out of this idolatry monstrous evils have arisen. Yet the evils go long unrecognized.

I fully realize that no wealth or position can long endure, unless built upon truth and justice, therefore, I will engage in no transaction which does not benefit all whom it affects.

No one has ever become poor by giving. If you act that way, then after a few generations people will no longer have to feel sorry for child beggars, because there will no longer be any!

We know something about billionaire consumption, but it is hard to measure some of it. Some billionaires are consuming politicians, others consume reporters, and some consume academics.

I am not antagonistic to the rightful claims of capital; I am far from wanting to flourish a hostile flag; but I am of opinion that the masses, too, have rights which should be considered.

But, suppose, besides, that the making of the new machinery affords employment to a greater number of mechanics, can that be called compensation to the carpet makers, thrown on the streets?

On the retail side, I particularly want to emphasize the use of the unique ID, Aadhaar, in building individual credit histories. This will be the foundation of a revolution in retail credit.

Avarice and injustice are always shortsighted, and they did not foresee how much this regulation must obstruct improvement, and thereby hurt in the long-run the real interest of the landlord.

Monks, a lay follower should not engage in five types of business. Which five? Business in weapons, business in human beings, business in meat, business in intoxicants, and business in poison.

The Negro slave trade was the first step in modern world commerce, followed by the modern theory of colonial expansion. Slaves as an article of commerce were shipped as long as the traffic paid.

It goes without saying that a civilization which leaves so large a number of its participants unsatisfied and drives them into revolt neither has nor deserves the prospect of a lasting existence.

To have given each one of the million Negro free families a forty-acre freehold would have made a basis of real democracy in the United States that might easily have transformed the modern world.

And that’s why we support societies that empower women -- because no country will reach its potential unless it draws on the talents of our wives and our mothers, and our sisters and our daughters.

In 1775 Asia accounted for 80 per cent of the world economy. The combined economies of India and China alone represented two-thirds of global production. In comparison, Europe was an economic dwarf.

Land and water management should be given ‘Number One' priority for achieving evergreen revolution. No less important is to achieve the utmost efficiency in investment as well as in the use of water.

Money does not represent such a value as men have placed upon it. All my money has been invested into experiments with which I have made new discoveries enabling mankind to have a little easier life.

Investing in people is the single most important thing in the knowledge economy. Traditionally, wealth was defined by land and natural resources. Today the most important resources is between our ears.

What you need is good management with farmer power. Good management gives this power the right direction and thrust. Nothing can stop the farmers then. Least of all the Multi national Companies|MNCs]].

The object of government is the welfare of the people. The material progress and prosperity of a nation are desirable chiefly so long as they lead to the moral and material welfare of all good citizens.

The mountains of things we throw away are much greater than the things we use. In this, if in no other way, we can see the wild and reckless exuberance of our production, and waste seems to be the index.

Capitalist production, therefore, develops technology, and the combining together of various processes into a social whole, only by sapping the original sources of all wealth — the soil and the labourer.

We believe in peace and peaceful development, not only for ourselves but for people all over the world. Our main preoccupation is with economic and social development at home and peace and friendship abroad.

If the country is to flourish, capital must be invested in enterprise. But those who seek to draw upon other people's money must be wholly candid regarding the facts on which the investor's judgment is asked.

And now you live dispersed on ribbon roads, And no man knows or cares who is his neighbor Unless his neighbor makes too much disturbance, But all dash to and fro in motor cars, Familiar with the roads and settled nowhere.

Every tax, however, is to the person who pays it a badge, not of slavery but of liberty. It denotes that he is a subject to government, indeed, but that, as he has some property, he cannot himself be the property of a master.

I care not how affluent some may be, provided that none be miserable in consequence of it. But it is impossible to enjoy affluence with the felicity it is capable of being enjoyed, while so much misery is mingled in the scene.

I agree, our trade should be fair and not just free. But the next wave of economic dislocations won't come from overseas. It will come from the relentless pace of automation that makes a lot of good, middle-class jobs obsolete.

They wonder much to hear that gold, which in itself is so useless a thing, should be everywhere so much esteemed, that even men for whom it was made, and by whom it has its value, should yet be thought of less value than it is.

There should be no more signing of international agreements that reduce customs duties and other commercial barriers without including quantified and binding measures to combat fiscal and climate dumping in those same treaties.

History shows that where ethics and economics come in conflict, victory is always with economics. Vs vested interests have never been be known to have willingly divested themselves unless there was sufficient force to compel them.

Poverty must not be used as an excuse to continue child labor and exploitation of children … It’s a triangular relationship between child labor, poverty and illiteracy, and I have been trying to fight all of these things together.

...what's absolutely unforgivable is the financial benefit top management people get for laying off people. There is no excuse for it. No justification. This is morally and socially unforgivable, and we will pay a heavy price for it.

We must establish on broad and solid foundations a National Health Service. Here let me say that there is no finer investment for any community than putting milk into babies. Healthy citizens are the greatest asset any country can have.

So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not.

Chronic disputes which divert precious resources from the needs of the people or drain the energies of both sides serve the interests of no one — and the badge of responsibility in the modern world is a willingness to seek peaceful solutions.

The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the 'rule of the game' and as an umpire to interpret and enforce the rules decided on.

Lasting peace is sought, it is essential to adopt international measures to improve the lot of the masses. The welfare of the entire human race must replace hunger and oppression. People of the world must be taught to give up envy, avarice and rancour.

We cannot afford merely to sit down and deplore the evils of city life as inevitable, when cities are constantly growing, both absolutely and relatively. We must set ourselves vigorously about the task of improving them; and this task is now well begun.

No matter how deeply wedded one may be to the free enterprise system (and I, for one, am wedded for life), one has to accept the need for positive government; one has to consider government action on a sizable scale as desirable rather than as a necessary evil.

Materially: The political drain, up to this time, from India to England, of above, 500,000,000, at the lowest computation, in principal alone...The further continuation of this drain at the rate, at present, of above, 12,000,000 per annum, with a tendency to increase.

We desperately need to recognise that we are the guests, not the masters, of nature and adopt a new paradigm for development, based on the costs and benefits to all people, and bound by the limits of nature herself rather than the limits of technology and consumerism.

Our national goals involve leap-frogging from a state of economic backwardness and social disabilities attempting to achieve in a few decades a change which has incidentally taken centuries in other countries and in other lands. This involves innovative at all levels.

The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems — the problems of life and of human relations, of creation and behaviour and religion.

It is unwise to make education too cheap. If everything is provided freely, there is a tendency to put no value on anything. Education must always have a certain price on it; even as the very process of learning itself must always require individual effort and initiative.

To waste, to destroy, our natural resources, to skin and exhaust the land instead of using it so as to increase its usefulness, will result in undermining in the days of our children the very prosperity which we ought by right to hand down to them amplified and developed.

...the Indian public are weighed down by their problems, and becoming rather insular in their outlook because of their preoccupation with their own problems. We have to rouse them and make them conscious that we can progress only as a part of the world and as a part of Asia.

The great rule of conduct for us, in regard to foreign nations, is, in extending our commercial relations, to have with them as little political connexion as possible. So far as we have already formed engagements, let them be fulfilled with perfect good faith. Here let us stop.

All the historic precedents, the soaring graphs, the staggering statistics—these measure size more than substance. And the largeness and greatness of our nation would be almost a mockery—without a matching greatness of heart and largeness of vision as we look out upon the world.

..the art of becoming 'rich', in the common sense, is not absolutely nor finally the art of accumulating much money for ourselves, but also of contriving that our neighbour shall have less. In accurate terms, it is 'the art of establishing the maximum inequality in your own favour'.

God forbid that India should ever take to industrialism after the manner of the West. The economic imperialism of a single tiny island kingdom is today keeping the world in chains. If an entire nation of 300 million took to similar economic exploitation, it would strip the world bare.

The Government espouses the concept of sustainable economic development. Stable prosperity can be achieved throughout the world provided the environment is nutured and safeguarded. Protecting this balance of nature is therefore one of the great challenges of the late Twentieth Century.

And any religion that professes to be concerned about the souls of men and is not concerned about the slums that cripple the souls — the economic conditions that stagnate the soul and the city governments that may damn the soul — is a dry, dead, do-nothing religion in need of new blood.

While most of the loot from the financial bleeding accrued to British company officials in Bengal, there was widespread participation by the political and business leadership in Britain: nearly a quarter of the MPs in London owned stocks in the East India Company after Plassey. (pg. 165)

Most men are individuals no longer so far as their business, its activities, or its moralities are concerned. They are not units but fractions; with their individuality and independence of choice in matters of business they have lost all their individual choice within the field of morals.

A free people ought not only to be armed, but disciplined; to which end a uniform and well-digested plan is requisite; and their safety and interest require that they should promote such manufactories as tend to render them independent of others for essential, particularly military, supplies.

There can be no equality or opportunity, the first essential of justice in the body politic, if men and women and children be not shielded in their lives, their very vitality, from the consequences of great industrial and social processes which they can not alter, control, or singly cope with.

We have... increased food production, built cities, established empires and created... trade networks. But did we decrease... suffering..? ...[M]assive increases in human power did not necessarily improve the well-being of individual Sapiens, and usually caused immense misery to other animals.

The real question of government versus private enterprise is argued on too philosophical and abstract a basis. Theoretically, planning may be good. But nobody has ever figured out the cause of government stupidity — and until they do (and find the cure), all ideal plans will fall into quicksand.

Improving the opportunities across the board is extremely important to sustain the legitimacy of wealth. If a whole horde of people, whole sections of society don't feel they have the opportunities, then the focus is going to be on those who have it and who have made it and say that is illegitimate.

I would like to emphasize that security can be endangered not only from outside but also from within. If you do not maintain the rate of progress of the economic development of the nation. I would suggest that you would have the most serious crisis, something that would disintegrate India as we know it.

How many women thus waste life away the prey of discontent, who might have practised as physicians, regulated a farm, managed a shop, and stood erect, supported by their own industry, instead of hanging their heads surcharged with the dew of sensibility, that consumes the beauty to which it at first gave lustre.

In Africa, you often see that the difference between a village where everybody eats and a village where people starve is government. One has a functioning government, and the other does not. Which is why it bothers me when I hear people say that government is the enemy. They don't understand its fundamental role.

Soviet-style communism failed, not because it was intrinsically evil but because it was flawed. It allowed too few people to usurp too much power. Twenty-first century market-capitalism, American style, will fail for the same reasons. Both are edifices constructed by the human intelligence, undone by human nature.

Our progress as a nation can be no swifter than our progress in education. Our requirements for world leadership, our hopes for economic growth, and the demands of citizenship itself in an era such as this all require the maximum development of every young American's capacity. The human mind is our fundamental resource.

Great Britain could have no other object but to use her whole influence and resources consistently over a long period of years to weave France and Germany so closely together economically, socially and morally, as to prevent the occasion of quarrels and make their causes die in a realization of mutual prosperity and interdependence.