"We must move toward a soundly based and widely distributed economic well-being. This is the 'theory of plenty' as distinguished from the 'theory of scarcity' which has dominated our recent economic thinking and politics. Our yardstick, according to my thinking, I consists of the most effective balance between the following: First, the reduction in the real costs and selling! prices of goods and services; second, a more economic balance of national income through policies affecting wages, hours, prices and profits."
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Businesspeople from the United StatesMechanical engineersPhilanthropists from the United StatesPeople from New HavenBusiness theorists from the United States
Original Language: English
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Cited in: Charles Cullen Chapman (1936), The development of American business and banking thought, 1913-1936. p. 265
https://en.wikiquote.org/wiki/Alfred_P._Sloan
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Alfred P. Sloan
Alfred Pritchard Sloan, Jr. (May 23, 1875 – February 17, 1966) was an American business executive in the . He was a long-time President, chairman and CEO of .
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