Economic Quotes - Page 29

• Every day I get letters from people thanking me for helping them to become successful, whether because of their personal growth or because of economic rewards. A few of my former students have even become millionaires.

  Frederick Lenz

  Buddhism, Successful, People

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• Most Britons still lived and died without encountering anyone whose skin colour was different from their own. Slaves, in short, did not threaten, at least as far as the British at home were concerned. Bestowing freedom upon them seemed therefore purely an act of humanity and will, an achievement that would be to Great Britain's economic detriment, perhaps, but would have few other domestic consequences.

  Linda Colley

  Home, Achievement, Humanity

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• Emancipation of human labor from economic servitude and exploitation, i.e., from organizations of production in which the conditions of work are determined by a master class who own the means of production, and in which the fruits of work are alienated from workers to the benefit of masters.

  Mortimer Adler

  Wisdom, Mean, Class

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• Political democracy cannot flourish under all economic conditions. Democracy requires an economic system which supports the political ideals of liberty and equality for all. Men cannot exercise freedom in the political sphere when they are deprived of it in the economic sphere.

  Mortimer Adler

  Exercise, Men, Support

  Louis O. Kelso, Mortimer J. Adler (2017). “The Capitalist Manifesto”, p.6, Pickle Partners Publishing

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• Radicals, on the other hand, want to advance from the jungle of laissez-faire capitalism to a world worthy of the name of human civilization. They hope for a future where the means of economic production will be owned by all of the people instead of just a comparative handful. They feel that this minority control of production facilities is injurious to the large masses of people not only because of economic monopolies but because the political power inherent in this form of centralized economy does not augur for an ever expanding democratic way of life.

  Saul Alinsky

  Mean, Hands, Civilization

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• 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.

  Hilaire Belloc

  Wisdom, Citizens, Politics

  Hilaire Belloc (2016). “The Crisis Of Civilization”, p.110, TAN Books

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• 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.

  Hilaire Belloc

  Rights, Long, Principles

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• 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.

  Hilaire Belloc

  Wisdom, Political, World

  Hilaire Belloc (2016). “The Crisis Of Civilization”, p.102, TAN Books

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• 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.

  Hilaire Belloc

  Eye, Men, Cells

  Hilaire Belloc (2002). “An Essay on the Restoration of Property”, p.26, IHS Press

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• 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.

  Hilaire Belloc

  Long Ago, Restoration, Politics

  Hilaire Belloc (2002). “An Essay on the Restoration of Property”, p.26, IHS Press

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• 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.

  Hilaire Belloc

  Wisdom, Men, Roots

  Hilaire Belloc (2016). “The Crisis Of Civilization”, p.108, TAN Books

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• 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.

  Hilaire Belloc

  Wisdom, Credit, Politics

  Hilaire Belloc (2002). “An Essay on the Restoration of Property”, p.34, IHS Press

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• 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.

  Hilaire Belloc

  Christian, Philosophy, Men

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• 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.

  Robert Dickson Crane

  Wisdom, Unique, Past

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• 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.

  Robert Dickson Crane

  Real, Practice, Political

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• 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.

  Robert Dickson Crane

  Two Sides, Justice, People

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• 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.

  Will Durant

  Law, Concentration Of Wealth, Politics

  Will Durant, Ariel Durant (1968). “The lessons of history”, Simon & Schuster

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• 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.

  Benjamin Franklin Fairless

  Wisdom, Men, Political

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• 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.

  Nicholas von Hoffman

  Wisdom, Mean, Promise

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• 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.

  Herbert Hoover

  Wisdom, Political, Realization

  United States. President (1929-1933 : Hoover), Herbert Hoover (1974). “Herbert Hoover: Containing the Public Messages, Speeches, and Statements of the President”

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• 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.

  Herbert Hoover

  Wisdom, Party, Men

  Herbert Hoover (1938). “Addresses upon the American road”

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• 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.

  Hubert H. Humphrey

  Wisdom, Issues, Long

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• 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.

  Jacob K. Javits

  Wisdom, Country, Jobs

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• 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.

  Pope John Paul II

  Wisdom, Political, Vacuums

  Pope John Paul II (1996). “The Encyclicals of John Paul II”, Our Sunday Visitor (IN)

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• 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.

  Louis O. Kelso

  Wisdom, Mean, Opportunity

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