Economic Growth Quotes

“The policy lessons here are clear: growth helps the poor most when governments avoid policies that raise demand for high-skilled labor at the expense of low-skilled labor, when governments fund generous investments in basic education and health, and when governments pursue policies of broad global economic engagement rather than economic disengagement.”
― Edd S. Noell, Economic Growth: Unleashing the Potential of Human Flourishing

“The Solow model and its extensions are based on the idea that the main drivers of economic growth are saving and investment in physical and human capital.”
― Edd S. Noell, Economic Growth: Unleashing the Potential of Human Flourishing

“Redistribution alone will never be sufficient for sustained, shared improvement in living standards.”
― Edd S. Noell, Economic Growth: Unleashing the Potential of Human Flourishing

“Smith argued that it was possible for all nations to increase their wealth by adopting policies that promote specialization and the division of labor.”
― Edd S. Noell, Economic Growth: Unleashing the Potential of Human Flourishing

“The prevailing view that Smith criticized was mercantilism, which held that wealth consisted of the stock of precious metals in a country.”
― Edd S. Noell, Economic Growth: Unleashing the Potential of Human Flourishing