“Money income is a flawed measure of individual welfare.”
Nicholas Barr (1943) British economist
Source: Economics Of The Welfare State (Fourth Edition), Chapter 6, Problems Of Definition And Measurement, p. 128
“The welfare of a child is not to be measured by money only, nor by physical comfort only.”
In re McGrath (Infants), L. R. 1 C. D. (1893), p. 148.
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Nathaniel Lindley, Baron Lindley19
English judge 1828–1921Related quotes
Charles Proteus Steinmetz (1865–1923) Mathematician and electrical engineer
citation needed
Attributed
Kofi Annan (1938–2018) 7th Secretary-General of the United Nations
Truman Library address (2006)
Context: We are not only all responsible for each other’s security. We are also, in some measure, responsible for each other’s welfare. Global solidarity is both necessary and possible. — It is necessary because without a measure of solidarity no society can be truly stable, and no one’s prosperity truly secure. That applies to national societies — as all the great industrial democracies learned in the twentieth century — but, it also applies to the increasingly integrated global market economy that we live in today. It is not realistic to think that some people can go on deriving great benefits from globalization while billions of their fellow human beings are left in abject poverty, or even thrown into it. We have to give our fellow citizens, not only within each nation but in the global community, at least a chance to share in our prosperity.
“Neither Dirac nor von Neumann discussed his measurements in physical terms.”
Willis Lamb (1913–2008) American Physicist
W. E. Lamb, Classical measurements on a quantum mechanical system, Nuclear Phys. B 6, 197-201 (1989).
John Ruysbroeck (1293–1381) Flemish mystic
Evelyn Underhill Mysticism: A Study in the Nature and Development of Man's Spiritual Consciousness (1912), p. 433
The Sparkling Stone (c. 1340)
“In a world of certainty, the welfare state has only a small role.”
Nicholas Barr (1943) British economist
Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 79
“A child educated only at school is an uneducated child.”
George Santayana (1863–1952) 20th-century Spanish-American philosopher associated with Pragmatism
“Why I Am Not a Marxist” http://books.google.com/books?id=O4weAQAAMAAJ&q=educated+only+at+school+#search_anchor “Modern Monthly: Volume: 9″ (April 1935); Page: 77-79. <br class="br">Other works
“The welfare of a nation can scarcely be inferred from a measurement of national income.”
Simon Kuznets (1901–1985) economist
Simon Kuznets in report to the Congress, 1934; Cited in: Gernot Kohler, Emilio José Chaves (2003) Globalization: Critical Perspectives. p. 336