Ernst Engel
Ernst Engel
Ernst Engelwas a German statistician and economist, famous for the Engel curve and the Engel's law...
NationalityGerman
ProfessionEconomist
Date of Birth26 March 1821
CountryGermany
Ernst Engel quotes about
population proportion standards
The poorer is a family, the greater is the proportion of the total outgo which must be used for food... The proportion of the outgo used for food, other things being equal, is the best measure of the material standard of living of a population.
income employment rising
With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures.
political balance fundamentals
He who attempts to draw any conclusion whatever as to the nation's wealth or poverty from the mere fact of a favorable or unfavorable Balance of Trade, has not grasped the first fundamental principle of Political Economy.