Quotes About Prosperity

It is the way the state and society interact and control each other that determines the capacity of our state, the policies of our government, and our resilience, prosperity, security, and ultimately, liberty.

Thomas Hobbes saw things in the 1640s, as the English Civil War was raging, when he argued that people should "submit their Wills" to an all-powerful state, a Leviathan, which would then provide security and prosperity.

Those of Nogales, Sonora, are not so lucky. They live in a different world shaped by different institutions. These different institutions create very disparate incentives for the inhabitants of the two Nogaleses and for the entrepreneurs and businesses willing to invest there. These incentives created by the different institutions of the Nogaleses and the countries in which they are situated are the main reason for the differences in economic prosperity on the two sides of the border.

Attempting to engineer prosperity without confronting the root cause of the problems—extractive institutions and the politics that keeps them in place—is unlikely to bear fruit.

The geography hypothesis claims that the great divide between rich and poor countries is created by geographical differences. Many poor countries, such as those of Africa, Central America, and South Asia are between the tropic of Cancer and Capricorn. Rich nations in cntrast tend to be in temperate latitudes. This geographic concentration of poverty and prosperity gives superficial appeal to the geography hypothesis.

Japan and Singapore never had more than a sprinkling of inhabitants of European descent, yet they are as prosperous as many parts of Western Europe.

Those controlling political power will eventually find it more beneficial to use their power to limit competition, to increase their share of the pie, or even to steal and loot from others rather than support economic progress. The distribution and ability to exercise power will ultimately undermine the very foundations of economic prosperity

For example, a merchant in a colony such as New Spain, roughly modern Mexico, could not trade directly with anyone in New Granada, modern Colombia. These restrictions on trade within the Spanish Empire reduced its economic prosperity and also, indirectly, the potential benefits that Spain could have gained by trading with another, more prosperous empire.

Rich nations are rich largely because they managed to develop inclusive institutions at some point during the past three hundred years.

revolution that overthrew Mubarak will lead to a new set of institutions capable of bringing prosperity

Inclusive economic institutions require secure property rights and economic opportunities not just for the elite but for a broad cross-section of society. Secure

Finally, we will also discuss how the failure of nations today is heavily influenced by their institutional histories, how much policy advice is informed by incorrect hypotheses and is potentially misleading, and how nations are still able to seize critical junctures and break the mold to reform their institutions and embark upon a path to greater prosperity.

These monopolies, and many more, gave individuals or groups the sole right to control the production of many goods. They impeded the type of allocation of talent, which is so crucial to economic prosperity. Both

In fact, a thousand years of history and contemporary evidence make one thing abundantly clear: there is nothing automatic about new technologies bringing widespread prosperity. Whether they do or not is an economic, social, and political choice.

Inclusive economic institutions also pave the way for two other engines of prosperity: technology and education. Sustained economic growth is almost always accompanied by technological improvements that enable people (labor), land, and existing capital (buildings, existing machines, and so on) to become more productive.

La Revolución francesa creó mucha violencia, sufrimiento, inestabilidad y guerra. No obstante, gracias a ella, los franceses no quedaron atrapados en instituciones extractivas que bloqueaban el crecimiento y la prosperidad económicos, como hicieron los regímenes absolutistas de Europa oriental como Austria-Hungría y Rusia.

Las instituciones económicas inclusivas también allanan el camino para otros dos motores de prosperidad: la tecnología y la educación.

Thoughts equal creation: If these thoughts are attached to powerful emotions (good or bad), that speeds the creation"; "You attract your dominant thoughts. Those who speak most of illness have illness, those who speak most of prosperity have it"; and "Positive attitude can even overcome serious diseases like diabetes, arthritis, and heart conditions.

lo que determina su riqueza no es cuánto dinero gana sino cuánto dinero guarda de lo que gana.

He now stood outside on the curb in front of a modern building in the middle of a city that had seen more prosperous days. It was making a comeback of sorts, to the extent that steel, asphalt, and concrete and the populations that reside in and on them can have second chances. And it was a historical city with many sites of cultural significance that could draw tourists.

i wish you way more than luck

Oh, be humble, my brother, in your prosperity! Whose virtue is a deficiency of temptation, whose success may be a chance, whose rank may be an ancestor's accident, whose prosperity is very likely a satire.

If you take temptations into account, who is to say that he is better than his neighbour? A comfortable career of prosperity, if it does not make people honest, at least keeps them so.

Be gentle with those who are less lucky, if not more deserving. Think, what right have you to be scornful, whose virtue is a deficiency of temptation, whose success may be a chance, whose rank may be an ancestor's accident, whose prosperity is very likely a satire.