"There was always a wage at which all these horses could have remained employed. But that wage was so low that it did not pay for their feed."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
A Farewell to Alms, quoted in The Economist, 30 January 2014
https://en.wikiquote.org/wiki/Gregory_Clark
Revision History
No revisions have been submitted for this quote.
Categories
Gregory Clark
1 quote on TrueQuotesView all quotes by Gregory Clark →
Related Quotes
"Each person acts on the assumption that more money will bring more happiness; and, indeed, if he does get more money,…"
"A relentless battler against conservative, unscientific economic orthodoxy"
"The post-Keynesian and institutionalist traditions have lost one of their most creative theorists and fervent supporters"
"His path led him to the conviction that the typical enterprise in 20th century capitalism is oligopolistic, with a cl…"
"After his doctorate, the situation created by the decline of McCarthyism and the rise of the civil-rights and antiwar…"
"The changes which have taken place during the in the activities and position of women are the object of an interest w…"
"... except in some of the s where the opportunities for research are limited and the salaries notably low, women are …"
"Miss Talbot divides her book into three parts. Part I describes the changes in women's activities—industrial, educati…"
"Economics is really politics in disguise. We need to unpack the whole thing and say, 'Look, an economy is really noth…"
"Most of our long-held beliefs about money, wealth, productivity and efficiency, and our notions of progress are roote…"