Best economy & economic Quotes | Short & Famous Sayings Page 2

“Under the old social philosophy which had governed the Middle Ages, temporal, and therefore all economic, activities were referred to an eternal standard. The production of wealth, it distribution and exchange were regulated with a view to securing the Christian life of Christian men. In two points especially was this felt: First in securing the independence of the family, which can only be done by the wide distribution of property, in others words the prevention of the growth of a proletariat; secondly, in the close connection between wealth and public function.”

“If adapted to the unique requirements of various regions and peoples of the world, such economic pluralism could have a greater global impact over the next fifty years than the collectivist economics of Marxism and neo-Marxism have had during the half century just past.”

Ifs World Years Wisdom Past Next Politics Half Economy Greater Economic Century Unique Economics Impact Various Liberalism Fifty Regions Requirements Marxism Adapted Pluralism

Author:Robert Dickson Crane

“The real causes of terrorism are not poverty and oppression per se, but rather the bankruptcy of materialist ideologies, like Neo-Conservatism, which promise much but deliver little. The central doctrine of Neo-Conservatism is "democratic capitalism." This is the ultimate oxymoron, because in practice the political pluralism that should underlie democracy cannot exist in a climate of economic plutocracy.”

“Political monopoly and economic monopoly are two sides of the same coin, two heads of the same monster. Despite all the claims to the contrary, the essential ideology of Neo-Conservatism is to preserve the status quo, with all of its injustices. Its public relations experts call for "freedom and democracy" without a framework of higher values. They fail to comprehend the need for a paradigm of justice and therefore are blind to what concerns most of the people in the world. This failure is the taproot of terrorism.”

“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

“We know that the only alternative to private competition is government monopoly of enterprise. We know that when government monopolizes production, distribution, and employment, it is no longer the servant of men - it is their master. And, therefore, we know that economic liberty and political liberty are inseparable parts of the same ball of wax - that we must keep them both, or we shall lose them both.”

“Kelso's proposals do promise to free us from our morbid dependency on economic health through armament manufacture; they promise a way out of the welfare mess, out of foodstamps and ship subsidies, out of perpetual inflation, and they suggest a means of doing these things without being too disruptive of the wealth of five percent of the population who own the rest of us.”

“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

“The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes free men. We want a nation of proprietors, not a state of collectivists. That is attained by creating a national wealth and income, not by destroying it. The income and estate taxes create an orderly movement to diffuse swollen fortunes more effectively than all the quacks.”

Source: Addresses Upon the American Road

“Capital, and the question of who owns it and therefore reaps the benefit of its productiveness, is an extremely important issue that is complementary to the issue of full employment... I see these as twin pillars of our economy: Full employment of our labor resources and widespread ownership of our capital resources. Such twin pillars would go a long way in providing a firm underlying support for future economic growth that would be equitably shared.”

“One of the proven ways of getting workers more involved with their jobs is by dovetailing employee profit-sharing and stock ownership plans with greater responsibility sharing... Trade unions in this country should... consider these arrangements much more carefully than they have up to now... Expanded employee profit participation and stock ownership would provide workers with a greater measure of economic and social independence, thus stimulating increased productivity.”

“Economic activity, especially the activity of a market economy, cannot be conducted in an institutional, juridical or political vacuum. On the contrary, it presupposes sure guarantees of individual freedom and private property, as well as a stable currency and efficient public services.”

Source: The Encyclicals of John Paul II

“Equality of economic opportunity, in the context of private property, means equality of opportunity for the millions of capital-less households of today to buy, pay for, and employ in their lives the non-human factor of production, capital.”

Humans Mean Wisdom Today Opportunity Politics Pay Millions Economy Economic Property Productions Factors Liberalism Household Private Property Equality Of Opportunity Factors Of Production

Author:Louis O. Kelso

“Political power without economic power is sterile.”

Wisdom Political Politics Economy Economic Liberalism Political Power Economic Power

Author:Louis O. Kelso

“Rather than providing him with economic opportunity, the Act of that name seems designed to make the poor man do penance all his life for the sin of being born into a non-capital-owning family... One searches it in vain for measure designed to provide economic opportunity to the capital owner. But nobody proposes to educate, train, or rehabilitate either him or his children, even when their "unemployment" is notorious.”

Men Children Wisdom Seems Opportunity Politics Names Born Sin Poor Economy Economic Train Vain Liberalism Owners Educate Providing Unemployment Propose Poor Man Notorious Penance

Author:Louis O. Kelso

“The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce.”

Firsts Wisdom Politics Principles Economy Economic Produce Building Liberalism Symmetry Economic Power

Author:Louis O. Kelso

“The political objective of universal capitalism is maximum individual autonomy, the separation of political power wielded by the holders of public office from economic power held by citizens, and the broad diffusion of privately owned economic power.”

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

“The scarcity that afflicts the world is not the fault of either science or nature. The cause is defective economic institutions which abort technology's affluence producing potential.”

World Wisdom Politics Causes Technology Economy Economic Institutions Faults Liberalism Scarcity Affluence Defective

Author:Louis O. Kelso

“Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It is an inequitable distribution of productive power, from which an unworkable distribution of income results.”

Two Problem Wisdom Politics Results Economy Clear Economic Economics Labor Income Factors Liberalism Productive Thinker Distribution Economic Problems

Author:Louis O. Kelso

“We have an economic policy that is just about 10,000 years out of date.”

Years Wisdom Politics Economy Economic Policy Liberalism Economic Policy

Author:Louis O. Kelso

“The sooner the world solves its economic problems, the sooner its inhabitants can afford leisure and peace and get on with the non-material things that are inherently important: the work of mind and spirit that is gloriously and uniquely human, the work that no machine can ever do.”

World Mind Humans Important Problem Wisdom Spirit Politics Economy Economic Materials Machines Solve Liberalism Leisure Material Things Economic Problems

Book:Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

“Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of production, but rather a yardstick for measuring economic input, economic outtake and the relative values of the real goods and services of the economic world. Money provides a method of measuring obligations, rights, powers and privileges. It provides a means whereby certain individuals can accumulate claims against others, or against the economy as a whole, or against many economies.”

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

“Thus, the capital owner is not a parasite or a rentier but a worker - a capital worker. A distinction between labor work and capital work suggests the lines along which we could develop economic institutions capable of dealing with increasingly capital-intensive production, as our present institutions cannot.”

Wisdom Politics Lines Economy Economic Capable Labor Institutions Workers Productions Liberalism Distinction Owners Parasites

Book:Democracy and Economic Power: Extending the ESOP Revolution through Binary Economics

Source: Democracy and Economic Power: Extending the ESOP Revolution through Binary Economics

“But would the young do any better under the same circumstances? Will they do any better when their turns come? The answer is that youth would not and cannot, given the financial and economic framework within which the elders are operating. While the moral convictions of individuals are important in the long run, it is institutions that determine the immediate course of events - particularly the institutions of finance.”

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

“It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.”

Source: General Theory Of Employment , Interest And Money

“A host of positive psychological changes inevitably will result from widespread economic security. The dignity of the individual will flourish when the decisions concerning his life are in his own hands, when he has the means to seek self-improvement. Personal conflicts among husbands, wives and children will diminish when the unjust measurement of human worth on the scale of dollars is eliminated.”

“It has been the fashion to speak of the conflict between human rights and property rights, and from this it has come to be widely believed that the use of private property is tainted with evil and should not be espoused by rational and civilized men... the only dependable foundation of personal liberty is the personal economic security of private property. The Good Society.”

“There are but three political-economic roads from which we can choose... We could take the first course and further exacerbate the already concentrated ownership of productive capital in the American economy. Or we could join the rest of the world by taking the second path, that of nationalization. Or we can take the third road, establishing policies to diffuse capital ownership broadly, so that many individuals, particularly workers, can participate as owners of industrial capital. The choice is ours.”

World Firsts Political Choices Three Courses Politics Individual Economy Path Economic Policy Thirds Workers Liberalism Productive Owners Ownership American Economy

Author:Russell B. Long

“Bring on those tired, labor-plagued, competition-weary companies and ESOP will breathe new life into them. They will find ESOP better than Geritol. It will revitalize what is wrong with capitalism. It will increase productivity. It will improve labor relations. It will promote economic justice. It will save the economic system. It will make our form of government and our concept of freedom prevail over those who don't agree with us.”

“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.”

“Liberalism makes this mistake in regard to private property and Marxism makes it in regard to socialized property... The Marxist illusion is partly derived from a romantic conception of human nature... It assumes that the socialization of property will eliminate human egotism... The development of a managerial class in Russia, combing economic with political power, is an historic refutation of the Marxist theory.”

“In a democracy the responsibility for the Government's economic policies, which so affect the economy, normally rests with the elected representative of the people: in our case, with the President and the Congress. If these two follow economic policies inimical to the general welfare, they are accountable to the people for their actions on election day. With Federal Reserve independence, however, a body of men exist who control one of the most powerful levers moving the economy and who are responsible to no one.”

“The Federal Reserve is the overlord of the money supply. If these two are not steering in the same direction, they can either neutralize each other or have the economy lurching in all directions. This is not a rational system for setting economic policy. It has given us trouble in the past, as the text will establish, and will inevitably in the future.”

Ifs Two Past Politics Given Economy Trouble Economic Policy Setting Rational Settings Liberalism Reserves Federal Reserve Economic Policy Steering

Author:Wright Patman

“In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure. This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money.”

Firsts Hands Politics Wealth Pleasure Economy Economic Directors Obvious Credit Our Time Liberalism Owners Fund Immense Dictatorship Arbitrary Lending Trustees

Author:Pope Pius XI

“The ultimate consequences of the individualist spirit in economic life are those which you yourselves, Venerable Brethren and Beloved Children, see and deplore: Free competition has destroyed itself; economic dictatorship has supplanted the free market; unbridled ambition for power has likewise succeeded greed for gain; all economic life has become tragically hard, inexorable, and cruel.”

Source: On reconstructing the social order: (Quadragesimo anno)

“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

“Our Founding Fathers well understood that concentrated power is the enemy of liberty and the rights of man. They knew that the American experiment in individual liberty, free enterprise and republican self-government could succeed only if power were widely distributed. And since in any society social and political power flow from economic power, they saw that wealth and property would have to be widely distributed among the people of the country. The truth of this insight is immediately apparent.”

“We believe this approach (progress sharing) is a rational approach because you cooperate in creating the abundance that makes the progress possible, and then you share that progress after the fact, and not before the fact. Profit sharing would resolve the conflict between management apprehensions and worker expectations on the basis of solid economic facts as they materialize rather than on the basis of speculation as to what the future might hold.”

“Taxation has its limitations as a method of achieving better economic distribution since for this purpose it is essentially remedial. We must also take a positive approach by finding new ways to spread ownership of future capital growth more broadly in our society.”

Source: The second American revolution: some personal observations

“Many of the deficiencies of our economic system could be alleviated if ways were found to broaden the ownership of the means of production... This has happened in some companies through ESOPs. Successful approaches of this sort would pay dividends in terms of employee commitment and morale. And they would not deprive anyone of his present holdings since they are based on future growth.”

“We need enthusiasm, imagination and the ability to face facts, even unpleasant ones, bravely. We need to correct, by drastic means if necessary, the faults in our economic system from which we now suffer. We need the courage of the young. Yours is not the task of making your way in the world, but the task of remaking the world which you will find before you. May every one of us be granted the courage, the faith and the vision to give the best that is in us to that remaking!”

“The Western world generally has lost the concept of man as a creature made to the image and likeness of God, and reduced him either to a component part of the universe, to an economic animal or to a "physiological bag filled with psychological libido." Once man became materialized and atomized in Western thinking, it was only natural for a totalitarianism to arise to gather up the fragments into a new totality and substitute the collective man for the individual man who was isolated from all social responsibilities.”

“The slave states of Western world are an outgrowth of monopolistic capitalism - an economic system which is opposed to the wide distribution of private property in many hands. Instead, monopolistic capitalism concentrates productive wealth among a few men, allowing the rest to become a vast proletariat.”

“If one examines the American idea of freedom, the individual, free enterprise, their Constitution, their political and economic structures as well as their mode of exploiting their natural resources, all these are shrouded in the idea of justice.”

Ifs Wells Ideas Political Politics Individual Natural Justice Economy Economic Resources Constitution Structure Liberalism Enterprise Natural Resources Free Enterprise

Author:Ndabaningi Sithole

“The U.S.A. economic policy and practice have been largely influenced by this thought that people shall own property in their own right and in order to be strong enough to control their own government.”

People Has Beens Enough Wisdom Government Order Politics Strong Practice Economy Economic Policy Property Liberalism Strong Enough Economic Policy

Author:Ndabaningi Sithole

“It appears it would be quite un-American not to be suspicious of the government or to distrust it. History has taught them a little too much about the tragic frailties of human governments, but it has also driven home to them that they must control firmly political and economic power, which, handed over to any government in their land, could be easily used to oppress them.”

Humans Littles Home Wisdom Government Would Be Political Used Politics Economy Too Much Economic Land Taught Driven Liberalism Tragic Distrust Suspicious Frailty Economic Power

Author:Ndabaningi Sithole

“Few concepts are as basic as the role of workers in our economic structure and their participation in equity ownership.”

Wisdom Politics Roles Economy Economic Concepts Structure Workers Liberalism Ownership Participation Equity

Author:Robert S. Strauss

“If the helplessness and isolation of labour, who have nothing to sell but their labour, can be totally removed by connecting labour with capital through a universal credit system, we'll then have other kinds of actors on the economic scene different from what the existing capitalist world would allow us to bring out.”

Ifs World Kind Different Actors Politics Economy Economic Scene Universal Sells Credit Isolation Liberalism Labour Capitalist Connecting Helplessness

Author:Muhammad Yunus

“Our economy is at war with many forms of life on earth, including human life. What the climate needs to avoid collapse is a contraction of humanity's use of resources; what our economic model demands to avoid collapse is unfettered expansion. Only one of these sets of rules can be changed, and it's not the laws of nature”

Source: This Changes Everything: Capitalism Vs. The Climate

“To build a twenty-first-century economy, America must revive a nineteenth-century habit--investing in the common, national economic resources that enable every person and every firm to create wealth and value.”

Firsts Persons America Values Wealth Common Economy Economic Century Habit Resources Twenties Investing Firm Nineteenth Century Revive Economic Resources

Author:William J. Clinton

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