“Only in more production and in new production can the American standard of living be increased and the economy be sound.”

Alfred P. Sloan, quoted in: Forbes, Forbes Incorporated, (1959), p. 54

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 "Only in more production and in new production can the American standard of living be increased and the economy be sound." by Alfred P. Sloan?
Alfred P. Sloan photo
Alfred P. Sloan 47
American businessman 1875–1966

Related quotes

Michael Hudson (economist) photo

“…if you increase living standards you make labor more productive. This is why Asia today is becoming more productive than the United States.”

Michael Hudson (economist) (1939) American economist

" "Higher Taxes on Top 1% Equals Higher Productivity http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=6000", Video Interview (13:28), The Real News Network (TRNN) (January 1, 2011)

Franklin D. Roosevelt photo

“Without question it starts us toward a better standard of living and increases purchasing power to buy the products of farm and factory.”

Franklin D. Roosevelt (1882–1945) 32nd President of the United States

1930s, Fireside Chat in the night before signing the Fair Labor Standards (1938)
Context: After many requests on my part the Congress passed a Fair Labor Standards Act, commonly called the Wages and Hours Bill. That Act — applying to products in interstate commerce-ends child labor, sets a floor below wages and a ceiling over hours of labor. Except perhaps for the Social Security Act, it is the most far-reaching, far-sighted program for the benefit of workers ever adopted here or in any other country. Without question it starts us toward a better standard of living and increases purchasing power to buy the products of farm and factory.

Rab Butler photo
Kevin Kelly photo

“Productivity, however, is exactly the wrong thing to care about in the new economy.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

Robert Kuttner photo
Xavier Sala-i-Martin photo
Kevin Kelly photo

“It's a "hits" economy where resources flow to those that show some life. If a new novel, new product, or new service begins to succeed it is fed more; if it falters its left to wither.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

Related topics