Quote
"The welfare of a nation can scarcely be inferred from a measurement of national income."
W
Welfare"Doing for people what they can and ought to do for themselves is a dangerous experiment. In the last analysis the welfare of the workers depends upon their own initiative. Whatever is done under the guise of philanthropy or social morality which in any way lessens initiative is the greatest crime that can be committed against the toilers. Let social busy-bodies and professional "public morals experts" in their fads reflect upon the perils they rashly invite under this pretense of social welfare."
"The welfare of a nation can scarcely be inferred from a measurement of national income."
"The only justifiable stopping place for for the expansion of altruism is the point at which all whose welfare can be affected by our actions are included within the circle of altruism. This means that all beings with the capacity to feel pleasure or pain should be included; we can improve their welfare by increasing their pleasures and diminishing their pains."
"The state is therefore everyone; the rules within the state are laws which safeguard the welfare of all and which must originate from the welfare of all."
"Salus populi suprema lex esto."
"These examples confuse effort with result, one of the most common mistakes of this kind is designing systems around the wrong goal. Maybe the worst mistake this kind has been the adoption of the GNP as the measure of national economic success. [...] If you define the goal of a society as GNP, that society will do its best to produce GNP. It will not produce welfare, equity, justice, or efficiency unless you define a goal and regularly measure and report the state of welfare, equity, justice, or efficiency."
"A society is a cooperative venture for the mutual advantage of its members."