Nassau William Senior
British economist who introduced abstinence theory of interest.
Most quoted
"The only mode by which the condition of the labouring classes can be permanently improved, is by increasing the proportion which the capital of the country bears to the number of the labourers."
— from An Outline of the Science of Political Economy, 1836
"The desire to obtain wealth, and to avoid poverty, is, next to the desire of preserving life, the strongest incentive to exertion which Providence has implanted in the human breast."
— from An Outline of the Science of Political Economy, 1836
"The principal causes which regulate the rate of profit are the productiveness of labour, and the proportion which the capital of the country bears to the number of the labourers."
— from An Outline of the Science of Political Economy, 1836
All quotes by Nassau William Senior (98)
The principal causes which regulate the demand for money are the wants and desires of the people, and the laws of commerce.
The only way to increase the demand for money is to increase the wealth of the people.
The principal causes which regulate the rate of interest are the quantity of capital in circulation, and the demand for capital.
The only way to increase the quantity of capital in circulation is to increase the savings of the people.
The principal causes which regulate the demand for capital are the wants and desires of the people, and the laws of commerce.
The only way to increase the demand for capital is to increase the wealth of the people.
The principal causes which regulate the rate of exchange are the balance of trade, and the laws of international commerce.
The only way to improve the balance of trade is to increase the exports and diminish the imports.
The principal causes which regulate the laws of international commerce are the wants and desires of the people, and the laws of navigation.
The only way to increase the wealth of the world is to increase the production of wealth in every country.
Political economy is both an art and a science; the science of the production and distribution of wealth.
The great source of wealth is labor, but it must be directed by capital.
Ricardo's theory of rent is the foundation of modern political economy.
The abstinence from present enjoyment which is the condition of employing capital is as real a sacrifice as that of labor.
Value is the necessary condition of exchange; exchange is the necessary condition of division of labor.
The laws of political economy are as immutable as those of the physical world.
Poverty is not caused by overpopulation alone, but by the want of capital and skill.
The true interest of the landlord is identical with that of the community.
Education is the great remedy for the evils of pauperism.
Machinery, far from injuring the laborer, ultimately increases his wages.
Contemporaries of Nassau William Senior
Other Economicss born within 50 years of Nassau William Senior (1790–1864).