“We may perhaps start by throwing all kinds of production into one variable, all consumption into another, and so on, imagining that the notions 'production', 'consumption', and so on, can be measured by some sort of total indices. At present certain examples of micro-dynamic analyses have been worked out, but as far as I know no determinate macro-dynamic analysis is yet to be found in the literature.”

Source: 1930s, Propagation problems and impulse problems in dynamic economics, 1933, p. 173

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 "We may perhaps start by throwing all kinds of production into one variable, all consumption into another, and so on, im…" by Ragnar Frisch?
Ragnar Frisch photo
Ragnar Frisch 26
Norwegian economist 1895–1973

Related quotes

Ragnar Frisch photo
Adam Smith photo

“Consumption is the sole end and purpose of all production”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: The Wealth of Nations (1776), Book IV, Chapter VIII, p. 719.
Context: Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.

Karl Marx photo

“Consumption is also immediately production, just as in nature the consumption of the elements and chemical substances is the production of the plant.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Grundrisse (1857-1858)
Source: Introduction, p. 10.

Jean-Baptiste Say photo
Kazimir Malevich photo

“Dynamism is also the forming formula for Futurists works; i. e. dynamism is the additional element that transforms the perception of one state of phenomena to another, for example, from a static to a dynamic perception.”

Kazimir Malevich (1879–1935) Russian and Soviet artist of polish descent

Quote c. 1915 in 'Cubofuturism', Malevich, in his Essays on Art, op. cit., vol 2; as quoted in Futurism, ed. By Didier Ottinger; Centre Pompidou / 5 Continents Editions, Milan, 2008, p. 59
1910 - 1920

Jean-Baptiste Say photo
Viktor Yanukovych photo

“We support the complex approach that has been initiated in connection with sustainable energy for all, sustainable consumption and production, the elimination of hunger, and ensuring urban infrastructure development.”

Viktor Yanukovych (1950) Ukrainian politician who was the President of Ukraine

Source: "Speech at the 67th session of the United Nations General Assembly" https://undocs.org/en/A/67/PV.9 (26 September 2012)

Deendayal Upadhyaya photo

“It will not be wise, however, to engage in a blind rat-race of consumption and production as if man is created for the sole purpose of consumption.”

Deendayal Upadhyaya (1916–1968) RSS thinker and co-founder of the political party Bharatiya Jana Sangh

Source: —Deendayal Upadhyaya, thinker and forerunner of the Bharatiya Janata Party quoted from Malhotra, R. (2021). Artificial intelligence and the future of power: 5 battlegrounds. New Delhi : Rupa, 2021.

Related topics