Infrastructure and Economy
Herdecke is home to many high-income families. In 2001 39 income millionaires with more than 500,000 Euro annual income lived in Herdecke. Because of the high amount of taxes paid, the neighbouring city of Hagen has tried to incorporate Herdecke into Hagen.
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Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)