Home > Author > Tim Harford >

" More abundance can lead to more competition. If ordinary people live at subsistence levels, powerful people can’t really take much away from them—not if they want to come back and take more the next time there’s a harvest. But the more ordinary people are able to produce, the more powerful people can confiscate. "

Tim Harford , Fifty Inventions That Shaped the Modern Economy


Image for Quotes

Tim Harford quote : More abundance can lead to more competition. If ordinary people live at subsistence levels, powerful people can’t really take much away from them—not if they want to come back and take more the next time there’s a harvest. But the more ordinary people are able to produce, the more powerful people can confiscate.