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Louis O. Kelso

Louis O. Kelso Quotes

Economist

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Famous Louis O. Kelso Quotes

“If capital produces most of the economy's wealth and income is distributed on the basis of productive input, the individual can hardly reach his goal - an affluent level of income - solely by means of his labor.”

IfsMeanWisdomPoliticsIndividualGoalWealthLevelsEconomyProduceLaborBasesIncomeLiberalismProductiveInputAffluent
Book:Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals
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“When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners, the same conduits would broadly irrigate the economy with purchasing power.”

IfsWisdomPoliticsEconomyPropertySavingLiberalismOwnersSavingsPrivate PropertyReservoirsPurchasingPurchasing Power
Book:Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals
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“They sense that there's a majority out there and that the emotions are all on the other side-if they can be heard. They think the politicians are going to yield to the emotions. I think the corporations are wrong about that. I think the companies will have to give in only at insignificant levels. Because the companies are too strong, they're the establishment. The environmentalists are going to have to be like the mob in the square in Romania before they prevail.”

IfsThinkingGivingStrongSidesLevelsEmotionCompanyHeardPoliticianMajorityCorporationsYieldSquaresEstablishmentInsignificantEnvironmentalistRomania
Author:Louis O. Kelso
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