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    Nicely Put

    Posted by David Foster on January 22nd, 2012 (All posts by )

    The capitalist achievement does not typically consist in providing more silk stockings for queens but in bringing them within the reach of factory girls in return for steadily decreasing amounts of effort.

    –Joseph Schumpeter, 1942

    Quoted here: the high price economy

     

    This entry was posted on Sunday, January 22nd, 2012 at 11:49 am and is filed under Business, Economics & Finance, History, Political Philosophy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

    One Response to “Nicely Put”

    1. Bill Brandt Says:
      January 23rd, 2012 at 8:32 am

      The most profound truths are succinct – and this one is no different.

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