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Quote by Boris Pasternak

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Boris Pasternak
Boris Pasternak

Russian poet, writer, and translator. Boris Pasternak is renowned for his profound psychological insight and beautiful poetic language. His works widely cover themes such as love, humanity, morality, and philosophy, and have had a profound impact on 20th-century literature. more

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“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
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“It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium.”

MenWellsFoundLeftEconomyFailingEconomicModernSeriousNormalCapitalismPlantTendenciesEmploymentTemporaryCapitalistContinuingIdleUnemploymentEconomistEquilibriumEconomic SystemsAberrationKeynesPerfectly NormalUnderemployment
Book:The Essential Galbraith
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“In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time, the time when capitalism really worked. Everywhere in the industrialized countries production increased. Unemployment was everywhere low. Prices were nearly stable. When production lagged and unemployment rose, governments intervened to take up the slack, as Keynes had urged.”

WorldLongTwoWarCountryStatesGovernmentUnitedUnited StatesLowsCapitalismEuropeRoseVery GoodProductionsFollowingDecadesRememberedWar Of The WorldsGood TimesStableUnemploymentSecond World WarKeynes
Author:John Kenneth Galbraith
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