Enhance Your Quote Experience
Enjoy ad-free browsing, unlimited collections, and advanced search features with Premium.
A static technology is, however, almost inconceivable. It runs so strongly against established drives in American society as to be practically imposs… - Neil H. Jacoby
" "A static technology is, however, almost inconceivable. It runs so strongly against established drives in American society as to be practically impossible. So long as we are thinking beings, we will find new ways to increase the productivity of work! The basic point, however, is that economic growth is needed to improve the quality of life. A rise in the GNP, taken by itself, is neither good nor bad. Everything depends upon what kind of production has increased, its costs to society, and who benefits from it. What people now want and need is resource-conserving, pollution-free growth—growth that does not harm the environment and demands less of the earth’s limited resources.
English
Collect this quote
About Neil H. Jacoby
Neil Herman Jacoby(September 19, 1909 – May 31, 1979) was a university professor and public servant and was widely recognized as an expert on matters of taxation, finance, economic policy, and business-government relationships.
Also Known As
Alternative Names:
Neil Herman Jacoby
•
N. H. Jacoby
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by Neil H. Jacoby
Like their counterparts in other Third World nations, Middle Eastern socialist-orientated regimes are inefficient and mismanaged, and they tolerate the use of the political payments by those who must deal with them… The Middle East is one of the world’s most politically volatile regions. Nationalization of foreign investment is frequent, and taxation is high. National rivalries and the unresolved Israeli-Arab conflict contribute to the investor’s political risks.
Expropriation and nationalization of private oil properties, and the growth of government oil companies, extended public ownership in oil. However, the primary result of postwar government petroleum policies was to enhance competition in the industry. Governments encouraged new entrants, which diffused the structure of the industry. The number of competing firms increased, and the market positions of the largest international oil companies declined, reducing concentration. As the entrants developed more concession areas, the growth of petroleum supply relative to demand accelerated, intensifying competition in both crude oil and product markets, and depressing prices and rates of return on investment.
Political influence is exerted differently in the industrialized countries than in the agrarian, preindustrial societies. In the former, demands by individuals and special interest groups normally reach the political system before the enactment of legislation. Indeed, legislation is usually a consequence of such demands. Bribery of officials by businessmen is considerably lessened by the existence of open channels for the exercise of political influence.
Loading...