Jacque Fresco Quotes

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

The reality is that we are all economists. We all deal with scarcity as we make choices and calculate how to ration various items and resources that we consume, produce and utilize.

This island is almost made of coal and surrounded by fish. Only an organizing genius could produce a shortage of coal and fish in Great Britain at the same time.

The fundamental problem of society is that demands are infinite and resources are always limited

Understand clearly that when a great need appears a great use appears also; when there is small need there is small use; it is obvious, then, that full use is made of all things at all times according to the necessity thereof.

For one cause or another, it has become necessary to impose restrictions upon the use of many commodities, including not a few of the necessities of life.

In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed.

We like to think that a free market's greatest strength is its self-corrective nature.

There is a supply for every demand.

Since scarcity is the basic economic problem, if it does not exist then there is no reason for my economics course. Devoting time to the study of how people use limited resources to fulfill unlimited wants and needs should help us to discover how to best utilize the resources we have at our disposal.

Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'

The market is not an invention of capitalism …. It is an invention of civilization.

Supply and demand don’t work on a legislative schedule.

Land will continue to rise in value, being yet capable of Improvement; And as the Demand increases, for the Quantity will be the same

Earth provides enough to satisfy every man’s need, but not every man’s greed

Markets, when left to themselves, can sort of slip into being just the private property of big businesses and cartels, meeting the needs of some businesses and not the needs of customers.

I want the market to work if it can, and most of the time it will, but not without some pain.

The very name of my subject, economics, suggests economizing or maximizing. But Political Economy has gone a long way beyond home economics.

The youth doesn't know what they want while the older generation remains stuck in the past. But the basic concept of entertainment remains the same - demand and supply - and that won't change.

You see this in the oil industry time and time again. Fears that we've found the last oil, that we're going to run out, pop up constantly. And soon afterward, because the price goes up, huge new reservoirs are discovered.

If the general public demanded better, they'd get better, because the market­place responds to the public's needs and desires.

The market and its inescapable law are supreme.

Our bounty, like a drop of water, disappears, when diffus'd too widely

A properly functioning free market system does not spring spontaneously from society's soil as crabgrass springs from suburban lawns. Rather, it is a complex creation of laws and mores... Capitalism is a government program.

We live in an age of artificial scarcity, maintained by ignorance and fear.