"That the powers of labour, and of the other instruments which produce wealth, may be indefinitely increased by using their products as the means of further production"
- Nassau William Senior
About this Quote
This quote by Nassau William Senior talks to the idea of the power of labour and other instruments of production to produce wealth. He suggests that these powers can be increased forever by utilizing the products of labour and other instruments of production as the ways of more production. To put it simply, the items of labour and other instruments of production can be utilized to produce more wealth. This concept is based upon the idea of capital accumulation, which is the procedure of reinvesting revenues into the production process in order to increase the amount of capital offered for more production. By reinvesting revenues, companies can increase their production capacity and create more wealth. This quote by Nassau William Senior is a pointer of the power of labour and other instruments of production to create wealth and the significance of reinvesting revenues in order to increase production capability and create more wealth.