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Quote by John James Cowperthwaite

“I am confident, however old-fashioned this may sound, that funds left in the hands of the public will come into the Exchequer with interest at the time in the future when we need them.”

Quote by John James Cowperthwaite

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John James Cowperthwaite

John James Cowperthwaite was an individual of unknown category. His life story is limited, and detailed information is not available. He made some contributions, but specific achievements are unclear. His impact and evaluation are not available due to insufficient information. more

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“The fact that previous generations have handed down to us a substantial public heritage by way of roads, port, etc. almost completely free of debt, seems to me to impose some limitation on the validity of the theory that by borrowing we should, or could, pass on the burden of development to the next generation.”

Way Should Facts Seems Next Generations Theory Development Burden Debt Limitation Etc Heritage Next Generation Port Borrowing Validity Previous Generations

Author:John James Cowperthwaite

“Official opposition to overall economic planning and planning controls has been characterized in a recent editorial as "Papa knows best." But it is precisely because Papa does not know best that I believe that Government should not presume to tell any businessman or industrialist what he should or should not do, far less what he may or not do; and no matter how it may be dressed up that is what planning is.”

Knows Should Believe May Doe Has Beens Matter Government I Believe Economic Planning Officials Opposition Businessman Dressed Up Editorials Papa

Author:John James Cowperthwaite

“Over a wide field of our economy it is still the better course to rely on the nineteenth century's "hidden hand" than to thrust clumsy bureaucratic fingers into its sensitive mechanism. In particular, we cannot afford to damage its mainspring, freedom of competitive enterprise.”

Stills Hands Courses Economy Century Fields Particular Fingers Wide Sensitive Rely Damage Enterprise Mechanism Thrust Nineteenth Century Clumsy

Author:John James Cowperthwaite

“One trouble is that when Government gets into a business it tends to make it uneconomic for anyone else.”

Government Trouble

Author:John James Cowperthwaite

“I am also, I must confess, a little sceptical of the theory that we have a right, if we could, to pass on our capital burden to future generations. I remarked last year in this context that our predecessors had not passed any significant part of their burden on to us.”

Ifs Years Littles Lasts Generations Theory Burden Significant Last Year Future Generation Predecessors

Author:John James Cowperthwaite

“Be above it! Make the world serve your purpose, but do not serve it.”

World Purpose Literature

Author:Johann Wolfgang von Goethe

“We enjoy a considerable net inflow of capital and I am sure that a condition of its coming, and staying, is that it is free to flow out again. It is also important for Hong Kong's status as a financial centre that there should be a maximum freedom of capital movement both in and out.”

Should Important Enjoy Conditions Movement Flow Financial Staying Centre Maximum Hong Kong

Author:John James Cowperthwaite

“I should like to begin with a philosophical comment. I do not think that when one is speaking of hardships or benefits one can reasonably speak in terms of classes or social groups but only in terms of individuals.”

Thinking Should Individual Speak Social Term Class Groups Benefits Philosophical Hardship Comment Social Groups

Author:John James Cowperthwaite

“Money cannot be converted into houses or trained teachers or hospitals at the touch of a magic wand. There are limitations to our physical and intellectual resources.”

House Teacher Magic Intellectual Resources Limitation Hospitals Wands Magic Wands

Author:John James Cowperthwaite

“Revenue has increased in this way is in no small measure, I am convinced, due to our low tax policy which has helped to generate an economic expansion in the face of unfavourable circumstances.”

Way Faces Economic Policy Circumstances Taxes Lows Dues Convinced Expansion Revenue

Author:John James Cowperthwaite