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Economy Quotes

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Economy Quotes

“Indeed, a major source of objection to a free economy is precisely that it... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.”

Source: Capitalism and Freedom: Fortieth Anniversary Edition

“But if we are to retain freedom, then we can only do so by keeping the determining mass of the citizens the possessors of property with personal control over it, as individuals or as families. For property is the necessary condition of economic freedom in the full sense of that term. He that has not property is under economic servitude to him who has property, whether the possessor of it be another individual or the State.”

Ifs States Wisdom Politics Individual Term Economy Economic Conditions Citizens Mass Property Liberalism Over It Servitude Economic Freedom

Book:The Crisis Of Civilization

Source: The Crisis Of Civilization

“Capitalism had arisen through the misuse and exaggeration of certain rights, notably the right of property - the basis of economic freedom - and the right of contract, which is one of the main functions of economic freedom. Therefore, even under Capitalism, so long as the old principles were remembered it was possible to recall the principles whereby Society had once been sane and well ordered.”

Wells Long Certain Politics Principles Economy Rights Economic Capitalism Function Bases Property Remembered Liberalism Contracts Sane Recalls Exaggeration Misuse Economic Freedom

Author:Hilaire Belloc

“Political freedom without economic freedom is almost worthless, and it is because the modern proletariat has the one kind of freedom without the other that its rebellion is now threatening the very structure of the modern world.”

World Kind Wisdom Political Politics Economy Economic Modern Structure Liberalism Rebellion Threatening Worthless Modern World Proletariat Economic Freedom Political Freedom Usury

Book:The Crisis Of Civilization

Source: The Crisis Of Civilization

“Economic freedom is in our eyes a good. It is among the highest of temporal goods because it is necessary to the highest life of society through the dignity of man and through the multiplicity of his action, in which multiplicity is life. Through well-divided property alone can the units of society react upon the State. Through it alone can a public opinion flourish. Only where the bulk of the cells are healthy can the whole organism thrive.”

Source: An Essay on the Restoration of Property

“It is therefore our business to restore economic freedom through the restoration of the only institution under which it flourishes, which institution is Property. The problem before us is, how to restore Property so that it shall be, as it was not so long ago, a general institution.”

Long Problem Politics Economy Economic Institutions Property Liberalism Long Ago Restoration Economic Freedom

Book:An Essay on the Restoration of Property

Source: An Essay on the Restoration of Property

“Let us then repeat and firmly fix this main point: the evil, the root evil, of that to which the term Capitalism has come to be applied, is neither its functioning for profit nor its dependence upon legally protected private property; but the presence of a Proletariat, that is of men possessing political freedom, but dispossessed of economic freedom, and existing in such large numbers in any community as to determine the tone of all that community.”

Source: The Crisis Of Civilization

“The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history. The rate of concentration varies (other factors being equal) with the economic freedom permitted by morals and laws.”

Law Politics Natural Wealth Ability Results Moral Economy Economic Equal Rate Factors Liberalism Concentration Vary Economic Freedom Being Equal Concentration Of Wealth

Book:The Lessons of History

Source: The Lessons of History

“Liberalism is a force truly of the spirit proceeding from the deep realization that economic freedom cannot be sacrificed if political freedom is to be preserved.”

Ifs Wisdom Political Spirit Politics Force Economy Economic Realization Liberalism Proceeding Economic Freedom Political Freedom Rugged Individualism

Book:Herbert Hoover: Containing the Public Messages, Speeches, and Statements of the President

Source: Herbert Hoover: Containing the Public Messages, Speeches, and Statements of the President

“Adam Smith's was a real universalism in intent. Laissez Faire was intended to establish a world community as well as a natural harmony of interests within each nation... But the "children of darkness" were able to make good use of his creed. A dogma which was intended to guarantee the economic freedom of the individual became the "ideology" of vast corporate structures of a later period of capitalism, used by them, and still used, to prevent a proper political control of their power.”

“Our economic assistance must be carefully targeted, and must make maximum use of the energy and efforts of the private sector... Economic freedom is the world's mightiest engine for abundance and social justice... Developing countries need to be encouraged to experiment with a growing variety of arrangements for profit sharing and expanded capital ownership.”

Source: Ronald Reagan

“Government means always coercion and compulsion and is by necessity the opposite of liberty. Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of economic freedom. Where there is no market economy, the best-intentioned provisions of constitutions and laws remain a dead letter.”

Source: Economic freedom and interventionism: an anthology of articles and essays

“Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.”

Law Economy Letters Constitution Provision Market Economy Economic Freedom

Book:Economic freedom and interventionism: an anthology of articles and essays

Source: Economic freedom and interventionism: an anthology of articles and essays