“Labor was marching toward the goal of industrial democracy and contributing constructively toward a more rational arrangement of our domestic economy.” GoalEconomyDemocracyLaborRationalArrangementsContributing Author:John L. Lewis
“Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.” FacesIndividualMemoriesPerfectVisionEconomyMassCapitalismRationalUnemploymentEconomistFadedGreat Depression Author:Paul Krugman
“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.” MenShouldHumansHas BeensUseWisdomEvilPoliticsSpeakLibertyEconomyRightsEconomicSecurityFashionConflictFoundationPropertyHuman RightsRationalLiberalismCivilizedPrivate PropertyProperty RightsTaintedDependablePersonal LibertyEconomic Security Author:Walter Lippmann
“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.” IfsTwoPastPoliticsGivenEconomyTroubleEconomicPolicySettingRationalSettingsLiberalismReservesFederal ReserveEconomic PolicySteering Author:Wright Patman
“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.” BelieveFactsMightPoliticsEconomyProgressShareEconomicConflictApproachCreatingExpectationsBasesManagementWorkersProfitRationalAbundanceLiberalismResolveSpeculationApprehensionProfit Sharing Author:Walter Reuther
“As the economy unravels, as hundreds of millions of Americans confront the fact that things will not get better, life for those targeted by this culture of hate will become increasingly difficult. Rational debate will prove useless.” FactsHateCultureDifficultMillionsEconomyProveDebateRationalUselessGet BetterBetter Life Author:Chris Hedges
“As an element in human progress, the right of private property, in importance, has taken first and almost only place in the current systems of law and of political economy. While admitting its great importance, we cannot conceal the fact that the writers on those subjects have wholly failed to distinguish between its use and its abuse, or to recognize its rational and equitable limits.” FirstsHumansFactsUseLawPoliticalEconomyTakenProgressSubjectsLimitsElementsAbuseImportancePropertyCurrentsRationalPrivate PropertyAdmittingHuman ProgressEquitablePolitical Economy Author:Joshua K. Ingalls
“Like nature, our economic system remains, in the long run, stable and rational...We welcome the inevitable seasons of our economy! How foolish of us.” LongRunningEconomyEconomicSeasonsRemainsFoolishRationalWelcomeInevitableStableLong RunsEconomic Systems Author:Jerzy Kosinski