We've Got Matching Funds!

A very generous donor has pledged to match the next $10,000 in donations. Double the impact of your donation and Support the Libertarian Institute Today!

$17,622 of $60,000 raised

Production Precedes Distribution

by | Apr 2, 2024

Production Precedes Distribution

by | Apr 2, 2024

The progress of civilization has meant the reduction of employment, not its increase. It is because we have become increasingly wealthy as a nation that we have been able to virtually eliminate child labor, to remove the necessity of work for many of the aged and to make it unnecessary for millions of women to take jobs. A much smaller proportion of the American population needs to work than that, say, of China or of Russia. The real question is not whether there will be 50,000,000 or 60,000,000 jobs in America in 1950, but how much shall we produce, and what, in consequence, will be our standard of living?
The problem of distribution, on which all the stress is being put today, is after all more easily solved the more there is to distribute.
We can clarify our thinking if we put our chief emphasis where it belongs—on policies that will maximize production.
– Henry Hazlitt, Economics in One Lesson

Keith Knight

Keith Knight

Keith Knight is Managing Editor at the Libertarian Institute, host of the Don't Tread on Anyone podcast and editor of The Voluntaryist Handbook: A Collection of Essays, Excerpts, and Quotes.

View all posts

Our Books

Shop books published by the Libertarian Institute.

libetarian institute longsleeve shirt

Our Books

cb0cb1ef 3fcb 417d 80d8 4eef7bbd8290

Recent Articles

Recent

All Flesh is Forfeit

Be afraid. Be very afraid. Aerial robotics dominate the battlefield. For the remainder of this century, ALL flesh is forfeit in the combat theater. The Kursk Thunder Run  

read more

Overlord: Thomas Eddlem Unmasks The Empire

Thousands of scholars have taken on the central geopolitical question: Is the United States of America an empire? It’s a fierce debate that has unfolded over decades, places the moral status of our society at stake, and has four prevalent positions: 1.     Libertarian...

read more

Pin It on Pinterest

Share This