Quotes about outlay

A collection of quotes on the topic of outlay, capital, capitalism, greatness.

Quotes about outlay

“To secure the greatest amount of pleasure with the least possible outlay should be the aim of all economic effort… when everyone does this the natural order, instead of being endangered, will be all the better assured.”

François Quesnay (1694–1774) French economist

Questney, cited in: J. D. Vassie, ‎Paul Chadburn (1935). Economics, Modern Business, p. 137.

Pleasure, Nature, Effort

“The ambition for broad acres leads to poor farming, even with men of energy. I scarcely ever knew a mammoth farm to sustain itself; much less to return a profit upon the outlay. I have more than once known a man to spend a respectable fortune upon one; fail and leave it; and then some man of more modest aims, get a small fraction of the ground, and make a good living upon it. Mammoth farms are like tools or weapons, which are too heavy to be handled. Ere long they are thrown aside, at a great loss.”

Abraham Lincoln (1809–1865) 16th President of the United States

1850s, Address before the Wisconsin State Agricultural Society (1859)

Men, Loss

“A neighbor with one billion people equipped with nuclear bombs and has expanded its military outlays by double digits for 17 years in a row, and it is unclear as to what this is being used for. It is beginning to be a considerable threat.”

Tarō Asō (1940) 92nd Prime Minister of Japan

About China, as quoted in "Japan alarmed by Chinese 'threat'" http://news.bbc.co.uk/2/hi/asia-pacific/4551642.stm, BBC, 22 December 2005.

People

“During the lengthy process of production the business world is incurring outgoings in terms of money-paying out in money for wages and other expenses of production-in the expectation of recouping this outlay by disposing of the product for money at a later date. That is to say, the business world as a whole must always be in a position where it stands to gain by a rise of price and to lose by a fall of price. Whether it likes it or not, the technique of production under a regime of money-contract forces the business world always to carry a big speculative position; and if it is reluctant to carry this position, the productive process must be slackened.”

John Maynard Keynes book Essays in Persuasion

Essays in Persuasion (1931), Social Consequences of Changes in The Value of Money (1923)

Money, World, Business

“But it is unnecessary for me to do more than mention a few of the representative forms of recreation. We all know that their name is legion, and that different tastes require different activities. I am not trying to recommend one above another, but I am trying to point out the national value which would accrue if there were an organized, instructed, and persistent effort to bring these benefits to the people at large. It can not be that our country is making a great outlay for playgrounds in our schools, for athletic fields in our colleges, for baseball fields in our cities, for recreation parks in our metropolitan districts, for State and national forest reservations, unless these all represent an opportunity for a real betterment of the life of the people. These are typically American in all their aspects. They minister directly to the welfare of all our inhabitants.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, The Democracy of Sports (1924)

Life, People, School, Effort

“• The Validity of the MOOE and Capital Outlays were extended for another year.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

“Third. The funding of projects, activities, and programs that were not covered by any appropriation in the GAA. The law prohibits, according to the court, the augmentation of a non-existent program, activity, or project with an appropriation in terms of specific allotment classes, either Personal Services, Maintenance and other Operating Expenses, and/or Capital Outlays within the subject GAA.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Law, Personality

“Whatever expenditure is sanctioned—even when it is sanctioned against the ministry's wish—the ministry must find the money. Accordingly, they have the strongest motive to oppose extra outlay…. The ministry is (so to speak) the breadwinner of the political family, and has to meet the cost of philanthropy and glory; just as the head of a family has to pay for the charities of his wife and the toilette of his daughters.”

Walter Bagehot book The English Constitution

No. V, The House of Commons, p. 137
The English Constitution (1867)

Money, Family, Motivation, Daughters

“Evil reports of a churlish wilderness, a pitiless climate, disease, misery, and death, had heralded the arrival of De Monts. The outlay had been great, the returns small; and when he reached Paris, he found his friends cold, his enemies active and keen.”

Francis Parkman (1823–1893) American historian

Pt. II, Ch. 4 Lescarbot and Champlain
Pioneers of France in the New World (1865)

Death, Disease, Evil

“In the preface to the reissue of Risk, Uncertainty and Proﬁt, Frank Knight makes the penetrating observation that under the conditions envisaged above the velocity of circulation would become inﬁnite and so would the price level. This is perhaps an over-dramatic way of saying that nobody would hold money, and it would become a free good to go into the category of shell and other things which once served as money. We should expect too that it would not only pass out of circulation, but it would cease to be used as a conventional numeraire in terms of which prices are expressed. Interest bearing money would emerge. Of course, the above does not happen in real life, precisely because uncertainty, contingency needs, non-synchronization of revenues and outlay, transaction frictions, etc., etc., all are with us. But the abstract special case analyzed above should warn us against the facile assumption that the average levels of the structure of interest rates are determined solely or primarily by these differential factors. At times they are primary, and at other times, such as the twenties in this country, they may not be. As a generalization I should hazard the hypothesis that they are likely to be of great importance in an economy in which there is a “quasi-zero" rate of interest. I think by this hypothesis one can explain many of the anomalies of the United States money market in the thirties.”

Paul A. Samuelson book Foundations of Economic Analysis

Source: 1940s, Foundations of Economic Analysis, 1947, Ch. 5 : Theory of Consumer’s Behavior

Life, Money, Way, Thinking

“Scientific treatment of the subject of currency is impossible without some form of the quantity theory … but the quantity theory by itself is inadequate, and it leads up to the method of treatment based on what I have called the consumers’ income and the consumers’ outlay – that is to say, simply the aggregates of individual incomes and individual expenditures.”

Ralph George Hawtrey (1879–1975) British economist

Source: Currency and Credit (1919), p. v

“Capitalism must be regarded as an economy of unpaid costs, ‘unpaid’ in so far as a substantial portion of the actual costs of production remains unaccounted for in entrepreneurial outlays; instead they are shifted to, and ultimately borne by, third persons or by the community as a whole.”

Karl William Kapp (1910–1976) American economist

Source: Social Costs of Business Enterprise, 1963, p. 231. Cited in: Rania Ghosn (2012) "Where are the Missing Spaces? The Geography of some Uncommon Interests" in the Yale Architectural Journal Perspecta. Perspecta 45.

Communication, Personality

“I've come to the end of von Hügel's voluminous work on Catherine of Genoa. For such outlay in erudition, it's basically an unrewarding book (for me!), but full of interesting side-lights…Curious, for instance, that Catherine, always universally cited as the recognised authority, the most important and competent witness to the nature of Purgatory, should actually never have had a vision of it - neither as shewing nor as visiting in spirit, as other mystics did.. Her statements are pure conclusions, analogies, based on her own spiritual experiences of suffering and bliss: "So that's what it must be like in Purgatory!"”

Ida Friederike Görres (1901–1971) Austrian writer and noble

Broken Lights Diaries 1955-57.

Books, Nature, Light, Suffering

“In compliance with the Supreme Court ruling on the Disbursement Acceleration Program, a new general provision on the “Meaning of Augmentation” is proposed by your committee in Sec. 69 which states that savings cannot be used to augment a non-existent P/A/P through the use of an appropriation not otherwise authorized by the subject GAA, and that the existence of an appropriation for an allotment class, whether for Personal Services, MOOE, or Capital Outlays, in a P/A/P is necessary for purposes of augmentation.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Personality

“The proprietor should always direct his attention to obtain from his land a gradual increase of produce, or to augment its value continually. The farmer only desires the greatest profit during the continuance of his lease, without caring for the value of the land afterwards. "Whilst the proprietor can content himself with a trifling produce during a few years, in order to attain greater and more durable profit subsequently, the tenant must, on the contrary, endeavour to obtain the greatest produce, even though its amount should be diminished during the latter years of his lease; because the proprietor who wishes to farm on the best system, finds at the same time both pleasure and profit in laying out on his property as much capital as he can spare, whilst the tenant, on the contrary, withdraws as much of his pecuniary resources as possible, to employ it in other ways, or to place it at interest. The improvement of the land constitutes the pleasure of the proprietor, while the mere occupying farmer only thinks of augmenting his income. Thus the longer the lease may be, the more do the interests of the landlord and tenant become identified; the shorter the term, the more conflicting are those interests. With a lease of 24 years, a tenant ought, at least during the first two-thirds of its duration, to follow out the views of the proprietor. But the time will come when he will act on different principles, and endeavour to extract from the land a return in proportion to his outlay at the commencement.
To this must be added, that a tenant cannot have the means of laying out so much on the land as the proprietor, even if he wished to do so. The latter must pay the rent, whilst a proprietor anxious to improve can economize something from the net produce to expend on his property. The first may be compared to a merchant who trades on borrowed money; the second to one who speculates with his own funds. The former must first provide for his rent, the latter need only think of extending his speculations.”

Albrecht Thaer (1752–1828) German agronomist and an avid supporter of the humus theory for plant nutrition

Thaer, cited in: Joseph Rogers Farmers Magazine Volume The Seventh http://books.google.com/books?id=8OnG6xwQkesC&pg=PA263, 1843, p. 263: Speaking of lease and covenants

Money, Pleasure, Way, Thinking

“When it appears that a work has been carried out sumptuously, the owner will be the person to be praised for the great outlay which ha has authorized; when delicately, the master workmen will be approved for his execution; but when proportions and symmetry lend it an imposing effect, then the glory of it will belong to the architect.”

Vitruvius book De architectura

Source: De architectura (The Ten Books On Architecture) (~ 15BC), Book VI, Chapter VIII, Sec. 9

Appearance, Personality

“Under the limitation of armaments treaty a large saving in outlay and a considerable decrease in maintenance of the Navy has been accomplished. We should maintain the policy of constantly working toward the full treaty strength of the Navy. Careful investigation is being made in this department of the relative importance of aircraft, surface and submarine vessels, in order that we may not fail to take advantage of all modern improvements for our national defense. A special commission also is investigating the problem of petroleum oil for the Navy, considering the best policy to insure the future supply of fuel oil and prevent the threatened drainage of naval oil reserves. Legislative action is required to carry on experiments in oil shale reduction, as large deposits of this type have been set aside for the use of the Navy.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Second State of the Union Address (1924)

Problem, Future

“True equality consists in each drawing benefits from society in exact proportion to his social outlay, that is to his real capacity, to the beneficent use he makes of his abilities. And this equality is the natural foundation of industrial society.”

Henri de Saint-Simon (1760–1825) French early socialist theorist

Syst. Indus, VI, 17, as quoted from E.Durkheim, Socialism and Saint-Simon (1958)

Drawing, Making love, Nature

“The natural effect of unfettered market competition is socialism. For a short time the innovator receives a large profit, as a reward for being first to the market. Then, as competitors adopt the innovation, competition drives these profits down to zero and the price gravitates toward the new, lower cost of production made possible by this innovation (that price including, of course, the cost of the producer’s maintenance and the amortization of her capital outlays). So in a free market, the cost savings in labor required to produce any given commodity would quickly be socialized in the form of reduced labor cost to purchase it.”

Kevin Carson (1963) American academic

"Who Owns the Benefit? The Free Market as Full Communism" https://theanarchistlibrary.org/library/kevin-carson-who-owns-the-benefit-the-free-market-as-full-communism (2012)

Time, Nature