Quoted in in "Ela Bhatt of SEWA awarded Indira Gandhi Prize for promoting peace".
“It must always be borne in mind that each and every individual is not only a producer but a consumer. In the final analysis of our conditions, we have to admit that it is not lack of consumption, but lack of production which is our present economic danger. The immigrant is needed, provided this fact is overcome, provided supply—whether in schools, in homes, or in shoes—does not fall behind demand. The public could today consume much more of the necessities of food, shelter and clothing than they are able to procure or have ever been able to procure in a country where the standard of living is so high. If, through cheap labor, and an increased willingness on the part of alien labor to live on the edge of existence, these standards are threatened, then is the time to bring legislative action to bear on the situation.”
1920s, Whose Country Is This? (1921)
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Calvin Coolidge 412
American politician, 30th president of the United States (i… 1872–1933Related quotes
Arrow, Kenneth J., and Gerard Debreu. " Existence of an equilibrium for a competitive economy http://cowles.econ.yale.edu/P/cp/p00b/p0087.pdf." Econometrica: Journal of the Econometric Society (1954): p. 265
Source: 1950s-1960s, "Existence of an equilibrium for a competitive economy." 1954, p. 265
Grundrisse (1857-1858)
Source: Introduction, p. 14.
Book II, Chapter I, On the Progress of Wealth, Section IX, p. 400 (See also: David Ricardo and aggregate demand)
Principles of Political Economy (Second Edition 1836)
Context: But such consumption is not consistent with the actual habits of the generality of capitalists. The great object of their lives is to save a fortune, both because it is their duty to make a provision for their families, and because they cannot spend an income with so much comfort to themselves, while they are obliged perhaps to attend a counting house for seven or eight hours a day...
... There must therefore be a considerable class of persons who have both the will and power to consume more material wealth then they produce, or the mercantile classes could not continue profitably to produce so much more than they consume.
Vetulani, Jerzy (18 February 2013): Stary tata, tłusty syn http://vetulani.wordpress.com/2013/02/18/stary-tata-tlusty-syn/. Vetulani.wordpress.com (in Polish).
Source: Sanitary Economy (1850), p. 18
The Economics of Success (D. van Nostrand & Co., 1963), p. 281
Home secretary apologises for immigrant DNA tests https://www.bbc.co.uk/news/uk-45979359, BBC News, 25 October 2018
2018
The Divine Commodity: Discovering A Faith Beyond Consumer Christianity (2009, Zondervan)