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A Humane Economy: The Social Framework of the Free Market

Book by Wilhelm Röpke · 5 quotes · Capitalism, Economics, Industry

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A Humane Economy: The Social Framework of the Free Market Quotes

“It is no use seeking salvation in institutions, programs, and projects. We shall save ourselves only if more and more of us have the unfashionable courage to take counsel with our own souls and, in the midst of all this modern hustle and bustle, to bethink ourselves of the firm, enduring, and proved truths of life.”

“The market economy is not everything. It must find its place in a higher order of things which is not ruled by supply and demand, free prices, and competition. It must be firmly contained within an all-embracing order of society in which the imperfections of and harshness of economic freedom are corrected by law and in which man is not denied conditions of life appropriate to his nature.”

“It is economism to allow material gain to obscure the danger that we may forfeit liberty, variety, and justice and that the concentration of power may grow, and it is also economism to forget that people do not live by cheaper vacuum cleaners alone but by other and higher things which may wither in the shadows of giant industries and monopolies.”