Full Employment
The goal of full employment was of most importance to Petty, having recognised that labour was one of the major sources of wealth for individuals and 'the greatest Wealth and Strength of the Kingdom'. In this vein, he extended the cloth-wine argument above, arguing that it is better to employ men and burn their product or to engage in extravagant public works projects, than to have indolent 'supernumeraries' in an economy – hence his famous example of relocating Stonehenge across the plains of Salisbury.
Read more about this topic: William Petty
Famous quotes containing the words full and/or employment:
“With my desire to write he seemed in full sympathy, and in urging our early marriage he argued that my first necessity was leisure in which to develop and to master my craft. It appeared to me that with such a man as teacher and guide I could not fail, and it was in a queer mixture of young love and vaulting ambition that I became a wife.”
—Rheta Childe Dorr (1866–1948)
“Combining paid employment with marriage and motherhood creates safeguards for emotional well-being. Nothing is certain in life, but generally the chances of happiness are greater if one has multiple areas of interest and involvement. To juggle is to diminish the risk of depression, anxiety, and unhappiness.”
—Faye J. Crosby (20th century)