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Economy Quotes

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Economy Quotes

“The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove self-government in finance, impossible! What shall we think of men who, having dethroned kings, demolished popes, destroyed slave oligarchies and assailed tariff monopoly, advise submission to the most oppressive and dishonest of despotisms, Usury?”

“The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.”

Individual Business Economy Achievement Warm Chiefs Corporations Executives Awards Gestures Salary Chief Executives

Author:John Kenneth Galbraith

“Keynes was chief economic adviser to the British government and largely responsible for keeping the British economy afloat at a time when more than half of our gross national product, and all of our foreign exchange, was being spent on the war. I was lucky to be present at one of his rare appearances in Cambridge, when he gave a lecture with the title "Newton, the Man." Four years later he died of heart failure, precipitated by overwork and the hardships of crossing the Atlantic repeatedly in slow propeller-driven airplanes under wartime conditions.”

“But though Usury is in itself immoral, and justly condemned by every ethical code, its chief and worst defect in the particular case we are now examining, the growth of Capitalism and its increasing proletariat, is the centralization of irresponsible control over the lives of men: the putting power over the proletariat into the hands of a few who can direct the loans of currency and credit without which that proletariat could not be fed and clothed and maintained in work.”

Source: The Crisis Of Civilization

“The larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds.”

Kind Wisdom Politics Economy Economic Activity Credit Factors All Kinds Chiefs Proportion Liberalism Units

Book:An Essay on the Restoration of Property

Source: An Essay on the Restoration of Property

“The greatest factors making for communism, socialism or anarchy among a free people are the excesses of capital. The talk of the agitator does not advance socialism one step. The great captains of industry and finance... are the chief makers of socialism.”

People Doe Wisdom Politics Steps Economy Industry Socialism Factors Finance Chiefs Communism Liberalism Makers Anarchy Excess Captains Captains Of Industry

Author:Louis D. Brandeis

“Every man has by nature the right to possess property as his own. This is one of the chief points of distinction between man and the animal creation.”

Men Wisdom Politics Animal Economy Creation Property Every Man Chiefs Liberalism Distinction

Book:A Light in the Heavens: Great Encyclical Letters of Pope Leo XIII

Source: A Light in the Heavens: Great Encyclical Letters of Pope Leo XIII

“Man's Chief purpose is the creation and preservation of values; that is what gives meaning to our civilization, and the participation in this is what gives significance, ultimately, to the individual human life.”

Men Giving Humans Wisdom Purpose Values Politics Individual Economy Creation Civilization Chiefs Human Life Liberalism Significance Participation Preservation

Author:Lewis Mumford

“Just as little can we afford to follow the doctrinaires of an impossible - and incidentally of a highly undesirable - social revolution which, in destroying individual rights - including property rights - and the family, would destroy the two chief agents in the advance of mankind, and the two chief reasons why either the advance or the preservation of mankind is worthwhile.”

Source: African and European Addresses

“the New Englander landed on a stony, barren tract, and a large share of his strength during two centuries has gone to force a living out of it. Hence he has come to regard economy - a necessary unpleasant quality at best - as the chief of virtues. He has cultivated habits which verge on closeness in dealing with food, and with the expression of feeling, and even - his enemies think - with feeling itself.”

Thinking Two Feelings Force Quality Enemy Economy Gone Virtue Share Century Expression Habit Regard Chiefs Barren Verge Closeness Thrift Expression Of Feeling

Author:Rebecca Harding Davis

“Political Economy as a branch of science is extremely modern; but the subject with which its enquiries are conversant has in all ages necessarily constituted one of the chief practical interests of mankind.”

Age Political Interest Economy Modern Subjects Mankind Practicals Chiefs Branches Enquiry Political Economy

Book:Principles of Political Economy: With Some of Their Applications to Social Philosophy

Source: Principles of Political Economy: With Some of Their Applications to Social Philosophy