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Louis O. Kelso Quotes

Economist

Louis O. Kelso was an American economist born on April 12, 1913. He is renowned for his extensive research in the fields of capital and distribution theories. Kelso proposed the concepts of 'shared economy' and 'profit sharing,' which have had a profound impact on subsequent economic theories and practices.

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All Economy Liberalism Politics Wisdom Labor Economic Ownership Productions Property Factors People Produce States Wealth Affluence Capitalist Ifs Individual Institutions Mean

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.”

Ifs Mean Wisdom Politics Individual Goal Wealth Levels Economy Produce Labor Bases Income Liberalism Productive Input Affluent

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

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

“That which is inherently nonfinanceable is financed. That which is inherently financeable is not financed. And the illogic of poverty amidst eagerness and ability to produce plenty goes on.”

Wisdom Politics Ability Poverty Economy Produce Goes On Plenty Liberalism Eagerness

Author:Louis O. Kelso

“The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce.”

Firsts Wisdom Politics Principles Economy Economic Produce Building Liberalism Symmetry Economic Power

Author:Louis O. Kelso

“The idea that full employment without property ownership will solve the world's problems is utter nonsense. The Keynesian concept that the function of capital is merely to amplify labor, not independently produce wealth is simply blindness.”

World Ideas Problem Wisdom Politics Wealth Economy Produce Concepts Labor Function Property Solve Employment Liberalism Nonsense Ownership Blindness Amplify Property Ownership

Author:Louis O. Kelso

“The owners of labor, on the other hand, are being taught, by the most powerful and well-publicized examples, that the highest rewards are not for production, but for the employment of organized power to take over a share of what others produce.”

Source: The New Capitalists: A Proposal to Free Economic Growth from the Slavery of Savings

“People are hungering for property — for a secure, permanent and independent link with spaceship earth that ownership represents and which only ownership can protect or defend. It is humiliating to possess nothing, to own nothing, and hence to produce nothing and to count for nothing.”

People Earth Produce Protect Independent Property Secure Permanent Links Ownership Spaceships Humiliating

Author:Louis O. Kelso

About the Author

Born: April 12, 1913
Died: 1991
Known for: Economist
Quotes: 55

Books & Sources

Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other ProposalsRelated source material

Democracy and Economic Power: Extending the ESOP Revolution through Binary EconomicsRelated source material

The New Capitalists: A Proposal to Free Economic Growth from the Slavery of SavingsRelated source material

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