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

Louis O. Kelso Quotes

Economist

Filter quotes by topic

AllEconomyLiberalismPoliticsWisdomLaborEconomicOwnershipProductionsPropertyFactorsPeopleProduceStatesWealthAffluenceCapitalistIfsIndividualInstitutionsMean

Famous Louis O. Kelso Quotes

“No Keynesian has ever proposed a measure designed to make the individual more productive; for that would require institutional means for enabling him to acquire ownership of the nonhuman factor of production: capital.”

MeanWisdomPoliticsIndividualEconomyProductionsFactorsLiberalismAcquireProductiveOwnershipEnablingFactors Of Production
Book:Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals
Create image

“The path the capitalist revolution will take faces in exactly the opposite direction from that taken by the communist revolution. It seeks to diffuse the private ownership of capital instead of abolishing it entirely. It seeks to make all men capitalists instead of preventing anyone from being a capitalist by making the State the only capitalist.”

MenStatesWisdomFacesPoliticsEconomyPathTakenRevolutionOppositesLiberalismCommunistCapitalistOwnershipPreventing
Author:Louis O. Kelso
Create image

“The purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to buy and pay for them. The logic used by business in investing is things that will pay for themselves is not today available to the 95% born without capital. Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.”

WayNeedsWisdomTodayAbleUsedPurposePoliticsBornPayEconomyLaborLogicInstrumentsInvestingAvailableSavedFinanceLiberalismAcquireFundOwnership
Author:Louis O. Kelso
Create image