The production of wealth is the result of agreement between labor and capital, between employer and employed. Its distribution, therefore, will follow the law of its creation, or great injustice will be done.
We need to build on the success of Social Security by developing bold and innovative ways for Americans to build wealth and save for retirement. I believe we can work together in a bipartisan manner to accomplish these goals.
I had learned what wealth was, and a great deal about production and exchange for myself in the early history of South Australia - of the value of machinery, of roads and bridges, and of ports for transport and export.
This wealth of experiences, personal and professional, have helped me appreciate the variety of perspectives that present themselves in every case that I hear.
Our surest protection against assault from abroad has been not all our guards, gates and guns, or even our two oceans, but our essential goodness as a people. Our richest asset has been not our material wealth but our values.
Every one of our greatest national treasures, our liberty, enterprise, vitality, wealth, military power, global authority, flow from a surprising source: our ability to give thanks.
Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
Modern sociology is virtually an attempt to take up the larger program of social analysis and interpretation which was implicit in Adam Smith's moral philosophy, but which was suppressed for a century by prevailing interest in the technique of the production of wealth.
I'm not overly alarmist about it, but I do think there are some worrying signs, like the growing accumulation of wealth by a very small proportion of the population, plus elections in the US are much more dominated by money than anywhere else calling itself a democracy.
Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.
Infinitely more important than sharing one's material wealth is sharing the wealth of ourselves - our time and energy, our passion and commitment, and, above all, our love.
