Top 2 Ernst Engel Quotes (2025 Update)

1. “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.”

— Ernst Engel

2. “With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures.”

— Ernst Engel

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