Quotessence
Home / Authors / Louis O. Kelso
Louis O. Kelso

Louis O. Kelso Quotes

Economist

Filter quotes by topic

AllEconomyLiberalismPoliticsWisdomLaborEconomicOwnershipProductionsPropertyFactorsPeopleProduceStatesWealthAffluenceCapitalistIfsIndividualInstitutionsMean

Famous Louis O. Kelso Quotes

“The primary cause of disorder and lawlessness today, as throughout history, is the poverty of the many in contrast to the affluence of the few. But a new element of unrest has been added: a growing awareness that mass poverty is caused by defective institutions that prevent our harnessing the physical capabilities of science, engineering, management and labor to create general affluence; in other words, a growing awareness that poverty in any country that is or can be industrialized, is man's not nature's fault.”

MenHas BeensCountryWisdomTodayPoliticsCausesPovertyEconomyGrowingAwarenessElementsMassLaborManagementInstitutionsFaultsPrimariesLiberalismDisorderCapabilityContrastEngineeringAffluenceUnrestDefectiveLawlessness
Author:Louis O. Kelso
Create image

“There's only one honest way to measure affluence; that's by comparing the capability of producing goods and services with the desire of people to enjoy them. It's a lousy, crooked trick to compare this society with China or some such place and then say we're affluent. It's a piece of intellectual crookery even to compare this economy with itself ten or twenty years ago. We should compare what we have with what we could have.”

PeopleWayShouldYearsWisdomDesirePoliticsEnjoyEconomyPiecesHonestTenIntellectualYears AgoTwentiesChinaTricksCompareLiberalismGoodsCapabilityCrookedAffluenceThis SocietyAffluentGoods And Services
Author:Louis O. Kelso
Create image