Quotes about overcoat

A collection of quotes on the topic of overcoat, likeness, year, evening.

Quotes about overcoat

Henry Hazlitt photo

“Suppose a clothing manufacturer learns of a machine that will make men’s and women's overcoats for half as much labor as previously. He installs the machines and drops half his labor force.This looks at first glance like a clear loss of employment. But the machine itself required labor to make it; so here, as one offset, are jobs that would not otherwise have existed. The manufacturer, how ever, would have adopted the machine only if it had either made better suits for half as much labor, or had made the same kind of suits at a smaller cost. If we assume the latter, we cannot assume that the amount of labor to make the machines was as great in terms of pay rolls as the amount of labor that the clothing manufacturer hopes to save in the long run by adopting the machine; otherwise there would have been no economy, and he would not have adopted it.So there is still a net loss of employment to be accounted for. But we should at least keep in mind the real possibility that even the first effect of the introduction of labor-saving machinery may be to increase employment on net balance; because it is usually only in the long run that the clothing manufacturer expects to save money by adopting the machine: it may take several years for the machine to "pay for itself."After the machine has produced economies sufficient to offset its cost, the clothing manufacturer has more profits than before. (We shall assume that he merely sells his coats for the same price as his competitors, and makes no effort to undersell them.) At this point, it may seem, labor has suffered a net loss of employment, while it is only the manufacturer, the capitalist, who has gained. But it is precisely out of these extra profits that the subsequent social gains must come. The manufacturer must use these extra profits in at least one of three ways, and possibly he will use part of them in all three: (1) he will use the extra profits to expand his operations by buying more machines to make more coats; or (2) he will invest the extra profits in some other industry; or (3) he will spend the extra profits on increasing his own consumption. Whichever of these three courses he takes, he will increase employment.”

Economics in One Lesson (1946), The Curse of Machinery (ch. 7)

Alan Bennett photo
Vivian Stanshall photo

“You got a light, mac? No…but I've got a dark brown overcoat.”

Vivian Stanshall (1943–1995) English musician, artist and author

Big Shot
Others

Michael Chabon photo
Bill Bryson photo
Agatha Christie photo
Robert G. Ingersoll photo
John Frusciante photo
Edward St. Aubyn photo
James Russell Lowell photo

“There is no good in arguing with the inevitable. The only argument available with an east wind is to put on your overcoat.”

James Russell Lowell (1819–1891) American poet, critic, editor, and diplomat

On Democracy (6 October 1884)
Context: There is no good in arguing with the inevitable. The only argument available with an east wind is to put on your overcoat. And in this case, also, the prudent will prepare themselves to encounter what they cannot prevent. Some people advise us to put on the brakes, as if the movement of which we are conscious were that of a railway train running down an incline. But a metaphor is no argument, though it be sometimes the gunpowder to drive one home and imbed it in the memory.

James Thurber photo
Kofi Annan photo

“I arrived there straight from Africa - and I can tell you, Minnesota soon taught me the value of a thick overcoat, a warm scarf and even ear-muffs!”

Kofi Annan (1938–2018) 7th Secretary-General of the United Nations

Farewell Speech (2006)