“The economic fundamental is labour.”

—  Henry Ford , book My Life and Work

Source: My Life and Work (1922), p. 9
Context: The economic fundamental is labour. Labour is the human element which makes the fruitful seasons of the earth useful to men. It is men 's labour that makes the harvest what it is. That is the economic fundamental: every one of us is working with material which we did not and could not create, but which was presented to us by Nature.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The economic fundamental is labour." by Henry Ford?
Henry Ford photo
Henry Ford 80
American industrialist 1863–1947

Related quotes

Kim Stanley Robinson photo

“Continuous expansion is a fundamental tenet of economics. Therefore one of the fundamentals of the universe itself. Because everything is economics. Physics is cosmic economics, biology is cellular economics, the humanities are social economics, psychology is mental economics, and so on.”

Kim Stanley Robinson book Green Mars

His listeners nodded unhappily.
“So everything is expanding. But it can’t happen in contradiction to the law of conservation of matter-energy. No matter how efficient your throughput is, you can’t get an output larger than the input.”
Source: Green Mars (1993), Chapter 2, “The Ambassador” (pp. 76-77)

David McNally photo

“The fundamental truth about globalization — that it represents freedom for capital and unfreedom for labour — is especially clear where global migrants are concerned.”

David McNally (1953) Canadian political scientist

Source: Another World Is Possible : Globalization and Anti-capitalism (2002), Chapter 4, The Colour Of Money, p. 137

David Lloyd George photo

“There was something fundamentally wrong with our economic system. It was based upon injustice and could not last.”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

Leader of the Liberal Party in the House of Commons
Source: Speech to the Welsh National Liberal Federation in Rhyl (9 July 1926), quoted in The Times (10 July 1926), p. 16

Dattopant Thengadi photo

“[The approach of the BMS (founded by Thengadi)] to labour relations and economic policy is roughly that of the Christian-Democratic trade-unionists in Europe…”

Dattopant Thengadi (1920–2004) Indian politician

About the Bharatiya Mazdoor Sangh (BMS). Elst, Koenraad (2001). Decolonizing the Hindu mind: Ideological development of Hindu revivalism. New Delhi: Rupa. p. 154

“Certainly if the fundamental problem of society is that demands are infinite and resources are always limited, politics, not economics is the master science.”

Bernard Crick (1929–2008) British political theorist and democratic socialist

A Footnote To Rally The Academic, p. 164.
In Defence Of Politics (Second Edition) – 1981

Barry Boehm photo

“Software Engineering Economics is an invaluable guide to determining software costs, applying the fundamental concepts of microeconomics to software engineering, and utilizing economic analysis in software engineering decision making.”

Barry Boehm (1935) American software engineer

Barry W. Boehm (1981) Software engineering economics. Abstract.

N. Gregory Mankiw photo

“Although Keynes’s General Theory provides the foundation for much of our current understanding of economic fluctuations, it is important to remember that classical economics provides the right answers to many fundamental questions.”

N. Gregory Mankiw (1958) American economist

N. Gregory Mankiw]], Macroeconomics, Preview ; Cited in: David Colander (2005). 'The Stories Economists Tell. p. 182
2000s -

Paul Ryan photo

“It's a fundamental misunderstanding of human nature and of the concepts of liberty, freedom, and self-determination. It's a fundamental misunderstanding of economics. He (Obama) believes that the pie is fixed and that he needs to more equitably divide up the slices.”

Paul Ryan (1970) American politician

Source: Young Guns: A New Generation of Conservative Leaders (2010), p. 10-11

Herbert Hoover photo

“With impressive proof on all sides of magnificent progress, no one can rightly deny the fundamental correctness of our economic system.”

Herbert Hoover (1874–1964) 31st President of the United States of America

The New Day: Campaign Speeches of Herbert Hoover (1928)

Paul A. Samuelson photo

“Moral: To understand economics you need to know not only fundamentals but also its nuances. Darwin is in the nuances. When someone preaches “Economics in one lesson,” I advise: Go back for the second lesson.”

Paul A. Samuelson (1915–2009) American economist

New millennium, An Enjoyable Life Puzzling Over Modern Finance Theory, 2009

Related topics