Skip to content

Executives must have a practical knowledge of how to observe, record, analyze and compare essential facts in relation to... all... that enters into or affects the economy of production, the costs of the product.

— Henry R. Towne to Henry R. Towne in: William Kent (1914)

Another quote →

Notes from Wikiquote

Comment: William Kent mentions the "The Engineer as an Economist," (1886) as the source.

More quotes by Henry R. Towne

There are many good mechanical engineers; — there are also many good " businessmen ;"— but the two are rarely combined in one person.

The dollar is the final term in almost every equation which arises in the practice of engineering in any or all of its branches, except qualifiedly as to military and naval engineering, where in some cases cost may be ignored.

The monogram of our national initials, which is the symbol for our monetary unit, the dollar, is almost as frequently conjoined to the figures of an engineer's calculations as are the symbols indicating feet, minutes, pounds, or gallons.

The Engineer is one who, in the world of physics and applied sciences, begets new things, or adapts old things to new and better uses; above all, one who, in that field, attains new results in the best way and at lowest cost.

All Henry R. Towne quotes →

Attribution

Quote text and notes from Wikiquote: Henry R. Towne (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.