Quotessence
Home / Quotes / Quote by Seymour Melman

Quote by Seymour Melman

Work

After Capitalism: From Managerialism to Workplace Democracy

This book delves into the concept of moving beyond the traditional capitalist framework, examining how a shift towards workplace democracy could alter the dynamics of management and labor relations. It discusses the theoretical underpinnings and practical applications of such a transition, aiming to provide a comprehensive analysis of the potential benefits and challenges involved. more

Author

Seymour Melman
Seymour Melman

Seymour Melman was a prominent American economist and scholar, born on December 30, 1917, and passed away on December 16, 2004. He made extensive research and contributions in the field of economics, particularly in industrial organization, technological change, and economic development. more

You May Also Like

“When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union - like public housing in the United States - look decrepit within a year or two of their construction.”

“Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.”

“The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.”