Quotes on Economics
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224. Economics; Poverty
"The truth is, that luxury produces much good. Take the luxury of building in London. Does it not produce real advantage in the conveniency and elegance of accommodation, and this all from the exertion of industry? People will tell you, with a melancholy face, how many builders are in gaol, not for building; for rents are not fallen. -- A man gives half a guinea for a dish of green peas. How much gardening does this occasion? how many labourers must the competition to have such things early in the market, keep in employment? You will hear it said, very gravely, 'Why was not the half-guinea, thus spent in luxury, given to the poor? To how many might it have afforded a good meal?' Alas! has it not gone to the industrious poor, whom it is better to support than the idle poor? You are much surer that you are doing good when you pay money to those who work, as the recompence of their labour, than when you give money merely in charity."
Boswell: Life
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274. Charity; Economics
"You cannot spend money in luxury without doing good to the poor. Nay, you do more good to them by spending it in luxury, than by giving it; for by spending it in luxury, you make them exert industry, whereas by giving it, you keep them idle. I own, indeed, there may be more virtue in giving it immediately in charity, than in spending it in luxury; though there may be a pride in that too."
Boswell: Life
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646. Corruption; Economics
"Whatever is found to gratify the publick, will be multiplied by the emulation of venders beyond necessity or use. This plenty, indeed, produces cheapness, but cheapness always ends in negligence and depravation."
Johnson: Idler #7 (May 27, 1758)
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803. Economics
"The prosperity of a people is proportionate to the number of hands and minds usefully employed."
Johnson: Idler #22 (September 16, 1758)
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804. Community; Economics; Society
"Whatever body, and whatever society, wastes more than it acquires, must gradually decay; and every being that continues to be fed, and ceases to labour, takes away something from the publick stock."
Johnson: Idler #22 (September 16, 1758)
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907. Career Choice; Economics
"It cannot ... be expected of all to be poets and philosophers; it is necessary that the greater part of mankind should be employed in the minute business of common life; minute, indeed, not if we consider its influence upon our happiness, but if we respect the abilities requisite to conduct it."
Johnson: Rambler #80 (December 22, 1750)
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1,530. Economics
He that contemplates the extent of this wonderful city, finds it difficult to conceive, by what method plenty is maintained in our markets, and how the inhabitants are regularly supplied with the necessaries of life; but when he examines the shops and warehouses, sees the immense stores of every kind of merchandize piled up for sale, and runs over all the manufactures of art and products of nature, which are every where attracting his eye and soliciting his purse, he will be inclined to conclude, that such quantities cannot easily be exhausted, and that part of mankind must soon stand still for want of employment, till the wares already provided shall be worn out and destroyed.
Johnson: Adventurer #67 (June 26, 1753)
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1,531. Economics
But so it is, that custom, curiosity, or wantonness, supplies every art with patrons, and finds purchasers for every manufacture; the world is so adjusted, that not only bread, but riches may be obtained without great abilities or arduous performances: the most unskilful hand and unenlightened mind have sufficient incitements to industry; for he that is resolutely busy, can scarcely be in want.
Johnson: Adventurer #67 (June 26, 1753)
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1,532. Economics
In the endless variety of tastes and circumstances that diversify mankind, nothing is so superfluous, but that some one desires it: or so common, but that someone is compelled to buy it. As nothing is useless but because it is in improper hands, what is thrown away by one is gathered up my another; and the refuse of part of mankind furnishes a subordinate class with the materials necessary to their support.
Johnson: Adventurer #67 (June 26, 1753)
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1,538. Economics; Society
It were a speculation worthy of a philosophical mind, to examine how much is taken away from our native abilities, as well as added to them, by artificial expedients. We are so accustomed to give and receive assistance, that each of us singly can do little for himself; and there is scarce any one among us, however contracted may be his form of life, who does not enjoy the labour of a thousand artists.
Johnson: Adventurer #67 (June 26, 1753)
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