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Politics Quotes

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Politics Quotes

“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

“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

“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

“No Keynesian has ever proposed a measure designed to make the individual more productive; for that would require institutional means for enabling him to acquire ownership of the nonhuman factor of production: capital.”

Mean Wisdom Politics Individual Economy Productions Factors Liberalism Acquire Productive Ownership Enabling Factors Of Production

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

“Technology plows through history at an accelerating rate, shifting the burden of production off labor into the nonhuman factor because man uses his highest ingenuity to avoid servile labor.”

Men Use Wisdom Politics Technology Economy Highest Labor Rate Productions Burden Factors Liberalism Shifting Ingenuity

Author:Louis O. Kelso

“The one important distinction between the two factors of production is that in a free society, ownership of the human factor, labor, cannot be concentrated while ownership of the non-human factor, capital, can be.”

Humans Two Important Wisdom Politics Economy Labor Productions Factors Liberalism Distinction Ownership Free Society Factors Of Production

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

“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

“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

“If you look at what the factors were going into the decision, of course there are competing interests and values. And one of our values is we bring everybody home off the battlefield the best we can. It doesn't matter how they ended up in a prisoner of war situation... It does not matter.”

“Every individual who participated in the redistricting process knew that incumbency protection was a critical factor in producing the bizarre lines. ... Many of the oddest twists and turns of the Texas districts would never have been created if the Legislature had not been so intent on protecting party and incumbents.”

Ifs Has Beens Political Turns Politics Individual Process Lines Party Critical Protection Factors Texas Bizarre Twists Legislature Incumbents Twists And Turns Redistricting Incumbency

Author:John Paul Stevens