“If an economy in the doldrums could drift indefinitely, the price of government inaction might be graver by far than the consequences of bold unorthodoxy.” IfsGovernmentMightEconomyConsequenceInactionDoldrums Book:The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers Source: The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers
“Smith, as we have said, was not the proponent of any one class. He was a slave to his system. His whole economic philosophy stemmed from his unquestioning faith in the ability of the market to guide the system to its point of highest return. The market — that wonderful social machine — would take care of society's needs if it was left alone. "Consumption is the sole end and purpose of all production," he wrote.” IfsNeedsTryingPhilosophyWholeCareLeftSocialAbilityClassWonderfulEconomicProductsReturnLetting GoHighestCapitalismMachinesSlaveTake CareGuidesSelfishnessAdamLeft Alone Author:Robert Heilbroner
“If one could divine the nature of the economic forces in the world, one could foretell the future.” IfsWorldForceNatureEconomicDivineDivinity Author:Robert Heilbroner
