Economy Quotes - Page 38

• A program whose basic thesis is, not that the system of free enterprise for profit has failed in this generation, but that it has not yet been tried!

  Franklin D. Roosevelt

  Wisdom, This Generation, Generations

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• We can just as little afford to follow the doctrinaires of an extreme individualism as the doctrinaires of an extreme socialism.

  Theodore Roosevelt

  Wisdom, Politics, Littles

  Citizenship in a Republic - The Man in the Arena, delivered 23 April 1910, Le Sorbonne, University of Paris

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• Just as little can we afford to follow the doctrinaires of an impossible - and incidentally of a highly undesirable - social revolution which, in destroying individual rights - including property rights - and the family, would destroy the two chief agents in the advance of mankind, and the two chief reasons why either the advance or the preservation of mankind is worthwhile.

  Theodore Roosevelt

  Rights, Two, Agents

  Theodore Roosevelt (2012). “African and European Addresses”, p.182, tredition

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• There is superstition in science quite as much as there is superstition in theology, and it is all the more dangerous because those suffering from it are profoundly convinced that they are freeing themselves from all superstition.

  Theodore Roosevelt

  Suffering, Politics, Superstitions

  Theodore Roosevelt (2006). “History as Literature and Other Essays”, p.247, Cosimo, Inc.

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• Modern technique has made it possible for leisure, within limits, to be not the prerogative of small privileged classes, but a right evenly distributed throughout the community. The morality of work is the morality of slaves, and the modern world has no need of slavery.

  Bertrand Russell

  Wisdom, Class, Community

  Bertrand Russell (2015). “In Praise of Idleness”, p.7, Lulu Press, Inc

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• A good man prefers to suffer rather than overcome injustice with evil.

  Sallust

  Wisdom, Men, Evil

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• The poorest of men are the most useful to those seeking power.

  Sallust

  Wisdom, Men, Politics

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• To a proprietor of a mine, the silver money is a produce with which he buys what he has occasion for. To all those through whose hands this silver afterwards passes, it is only the price of the produce which they themselves have raised by means of their property in land, their capitals, or their industry. In selling them they in the first place exchange them for money, and afterwards they exchange the money for articles of consumption.

  Jean-Baptiste Say

  Mean, Hands, Land

  Jean Baptiste Say (1936). “Letters to Thomas Robert Malthus on Political Economy and Stagnation of Commerce”, p.6, Lulu.com

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• To the labor of man alone Smith ascribes the power of producing values. This is an error. A more exact analysis demonstrates... that all the values are derived from the operation of labor, or rather from the industry of man, combined with the operation of those agents which nature and capital furnish him.

  Jean-Baptiste Say

  Men, Errors, Analysis

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• There is another method of obtaining money... It does not presuppose the existence of accumulated results of previous development, and hence may be considered as the only one which is available in strict logic. This method of obtaining money is the creation of purchasing power by banks. The form it takes is immaterial.

  Joseph A. Schumpeter

  Doe, Development, May

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• Access to the national dividend is usually to be had only on condition of some productive service previously rendered or of some product previously sold. This condition is, in this case, not yet fulfilled. It will be fulfilled only after the successful completion of the new combinations. Hence this credit will in the meantime affect the price level.

  Joseph A. Schumpeter

  Successful, Credit, Levels

  Joseph A. Schumpeter (2011). “The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle”, p.74, Transaction Publishers

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• There are a few men whom slavery holds fast, but there are many more who hold fast to slavery.

  Seneca the Younger

  Wisdom, Men, Slavery

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• No one can hold absolute power for long, controlled power endures.

  Seneca the Younger

  Wisdom, Long, Politics

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• It is perfectly clear that people, given no alternative, will choose tyranny over anarchy, because anarchy is the worst tyranny of all... The special nature of liberties is that they can be defended only as long as we still have them. So the very first signs of their erosion must be resisted, whether the issue be domestic surveillance by the Army, so-called preventive detention, or the freedom of corporate television, or that of a campus newspaper.

  Eric Sevareid

  Army, Erosion, Issues

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• One of the greatest disasters that happened to modern civilization was for democracy to inscribe "liberty" on its banners instead of "justice." Because "liberty" was considered the ideal it was not long until some men interpreted it as meaning "freedom from justice"; then when religion and decent government attempted to bring them back to justice, organized into "freedom groups" they protested that their constitutional and natural rights were being violated.

  Fulton J. Sheen

  Wisdom, Men, Rights

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• Modern society is hypnotized by socialism. It is prevented by socialism from seeing the mortal danger it is in. And one of the greatest dangers of all is that you have lost all sense of danger, you cannot even see where it's coming from as it moves swiftly towards you.

  Aleksandr Solzhenitsyn

  Wisdom, Moving, Politics

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• The real struggle between an American government and the people was one of power, which was settled when they designed their Constitution, which conceded the sovereignty of the people when it came to politics, and the sovereignty of the consumer when it came to economics.

  Ndabaningi Sithole

  Wisdom, Real, Struggle

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• Nothing can do men of good will more harm than apparent compromises with parties that subscribe to antimoral and antidemocratic and anti-God forces. We must have the courage to detach our support from men who are doing evil. We must bear them no hatred, but we must break with them.

  Fulton J. Sheen

  Wisdom, Party, Men

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• There are three ways in which a man becomes a slave. He may be born into slavery, or forced into it, or he can deliberately accept his servitude. All three forms flourish in the modern world. Men are born and forced into slavery in Russia and her satellites states. Men in the free world invite slavery when they ask the government to provide complete security, when they surrender their freedom to the "Welfare State."

  Fulton J. Sheen

  Wisdom, Men, Russia

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• 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.

  Fulton J. Sheen

  Wisdom, Men, Hands

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• Possession properly has two faces, two aspects: we all have a right to private property, but this is accompanied by our responsibility for its righteous use. These two things (which should be inseparable) are frequently divided today. Everyone admits that the farmer who own a horse is obligated to feed and care for it, but in the case of stocks and bonds, we often forget that the same principle should prevail.

  Fulton J. Sheen

  Wisdom, Horse, Responsibility

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• Monopolistic capitalism is to blame for this; it sunders the right to own property from responsibility that owning property involves. Those who own only a few stocks have no practical control of any industry. They vote by postcard proxy, but they have rarely even seen "their" company. The two elements which ought to be inextricably joined in any true conception of private property - ownership and responsibility - are separated. Those who own do not manage; those who manage; those who manage and work do not control or own.

  Fulton J. Sheen

  Wisdom, Responsibility, Two

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• Confiscation in any form is an unhealthy solution for a real disease. It amounts to telling men that because they are economically crippled, they must abandon all efforts to get well and allow the state to provide them with free wheelchairs.

  Fulton J. Sheen

  Real, Get Well, Men

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• The denial of the right of ownership to a man is a denial of his basic freedom: freedom without property is always incomplete. To be "secured" - but with no accompanying responsibility - is to be the slave of whatever group provides the security.

  Fulton J. Sheen

  Wisdom, Responsibility, Men

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• Attempting mischievous and salutary irritation of his peers ... Keynes may only succeed in becoming an academic idol of our worst cranks and charlatans - not to mention the possibilities of the book as the economic bible of a fascist movement.

  Henry Calvert Simons

  Book, Irritation, Idols

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