“While it must be admitted that the class of rich absentee owners or investors would doubtless be far less interested in industry if the profit motive were eliminated or subordinated, they represent the group that makes the smallest actual contribution to efficiency in industry.”

Property (1935)

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 "While it must be admitted that the class of rich absentee owners or investors would doubtless be far less interested in…" by Kirby Page?

Kirby Page248

American clergyman 1890–1957

Kirby Page (1890–1957) American clergyman

Property (1935)
Context: If adequate motivations could be assured, a far higher degree of efficiency could be maintained in socialized industries than in industries operated for private gain.

“The truth of the matter is that, even under individualism, only a small fraction of the population is impelled chiefly by the profit motive, and that vast multitudes of men and women are motivated by other incentives than by the desire for profit. …nevertheless, they are strategic individuals whose activities are essential to efficiency in industry.”

Kirby Page (1890–1957) American clergyman

Property (1935)

“It is becoming perfectly clear that the principles underlying industrial and military efficiency are the same and that a nation, to be efficient in a military sense, must first be efficient industrially”

Henry Gantt (1861–1919) American engineer

Source: Industrial leadership, 1916, p. 936) cited in: P.B. Petersen (1986) "Correspondence from Henry L. Gantt to an old friend reveals new information about Gantt". In: Journal of Management Fall 1986 vol. 12 no. 3 pp. 339-350.

“Worthiness in the industrial sphere can have reference to one thing only, namely the contribution of industry to the sum total of human welfare. On this basis only must industry and all its works finally be judged… The lessons of history teach us that no efficiency of procedure will save from ultimate extinction those organizations that pursue a false objective; on the other hand, without such efficient procedure, all human group effort becomes relatively futile.”

James D. Mooney (1884–1957) American businessman

Source: "The principles of organization", 1937, p. 97-98. Cited in: Morgen Witzel (2003) Fifty Key Figures in Management. p. 196

“Were this thoroughly understood, industrial art would be entirely revolutionized — industrial art, that barbarous term, an art which concerns itself with commerce and profit.”

Auguste Rodin (1840–1917) French sculptor

Source: Rodin : the man and his art, with leaves from his notebook, 1917, p. 125

“Strife in industry is increasingly becoming a struggle between groups or classes.”

Kirby Page (1890–1957) American clergyman

"The Commercial Motive" ibid.

“As increased industrial efficiency makes it possible to procure the means of livelihood with less labor, the energies of the industrious members of the community are bent to the compassing of a higher result in conspicuous expenditure, rather than slackened to a more comfortable pace.”

Thorstein Veblen book The Theory of the Leisure Class

Source: The Theory of the Leisure Class (1899), p. 111

“There is no industrial opportunity that offers a richer return than the elimination of needless motions, and the transformation of ill-directed and ineffective motions into efficient activity.”

Frank Bunker Gilbreth, Sr. (1868–1924) American industrial engineer

Source: "Motion Study as an Increase of National Wealth," 1915, p. 96

“It is very important, that principal officers should be in full possession of all information necessary to enable them to judge correctly as to the industry and efficiency of subordinates of every grade.”

Daniel McCallum (1815–1878) Canadian engineer and early organizational theorist

Source: Report of the Superintendent of the New York and Erie Railroad to the Stockholders (1856), p. 40-41: Cited in Chandler (1977, p. 103)

“Law and order are the privilege of the poor. So far as they affect the rich they are the restraint of the rich. It is for all those who are interested in the industry and commerce of this country, not for those who are interested merely in fixed capital and the leisurely enjoyment of its fruits, to struggle to maintain the idea of the supremacy of the law.”

Robert Gascoyne-Cecil, 3rd Marquess of Salisbury (1830–1903) British politician

Speech to the Conference of the National Union of Conservative and Constitutional Associations in Oxford (23 November 1887), quoted in The Times (24 November 1887), p. 7
1880s

“While it must be admitted that the class of rich absentee owners or investors would doubtless be far less interested in industry if the profit motive were eliminated or subordinated, they represent the group that makes the smallest actual contribution to efficiency in industry.”

Help us to complete the source, original and additional information

Kirby Page248

Related quotes

Related topics