- Cafe Hayek - https://cafehayek.com -

Quotation of the Day…

Tweet [1]

… is from the short banquet speech that Ronald Coase delivered at the 1991 Nobel Prize ceremony in Stockholm [2]:

It is fashionable in some circles to denigrate greater production but as Arthur Lewis [3], a Nobel Laureate who, to our great loss, died earlier this year, once reminded us, it is only recently and only in some countries that as a result of the greater productivity of the economy, that women have ceased to be little more than beasts of burden.

DBx: Only people awash in material prosperity have prosperity enough to denigrate it.