A Quote by Ludwig von Mises on gdp, national product, national income, economics, inflation, purchasing power, and money

The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.

Ludwig von Mises

Source: Mises, Ludwig Von (1962). The Ultimate foundation of Economic Science (2nd ed.). Foundation of Economic Education: Irvington-on-Hudson, NY. p. 87

Contributed by: peter

A Quote by John Naisbitt on globalization, decentralization, economic domains, gross domain products, gdp, education, and economy

The economic borderlines of our world will not be drawn between countries, but around Economic Domains. Along the twin paths of globalization and decentralization, the economic pieces of the future are being assembled in a new way. Not what is produced by a country or in a country will be of importance, but the production within global Economic Domains, measured as Gross Domain Products. The global market demands a global sharing of talent. The consequence is Mass Customization of Talent and education as the number one economic priority for all countries

John Naisbitt

Source: Mind Set!: Reset Your Thinking and See the Future, Pages: 157

Contributed by: ~C4Chaos

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