Employment Quotes - page 4
The proof of the pudding is in the eating. There was a widespread myth of the 1970s, a myth along Tom Kuhn's (1962) Structure of Scientific Revolutions lines. The Keynesianism, which worked so well in Camelot and brought forth a long epoch of price-level stability with good Q growth and nearly full employment, gave way to a new and quite different macro view after 1966. A new paradigm, monistic monetarism, so the tale narrates, gave a better fit. And therefore King Keynes lost self esteem and public esteem. The King is dead. Long live King Milton!
Contemplate the true facts. Examine 10 prominent best forecasting models 1950 to 1980: Wharton, Townsend–Greenspan, Michigan Model, St. Louis Reserve Bank, Citibank Economic Department under Walter Wriston's choice of Lief Olson, et cetera. ... M did matter as for almost everyone. But never did M alone matter systemically, as post-1950 Friedman monetarism professed.
Paul Samuelson
I would guess that most MIT Ph. D.'s since 1980 might deem themselves not to be "Keynesians.” But they, and modern economists everywhere, do use models like those of Samuelson, Modigliani, Solow, and Tobin. Professor Martin Feldstein, my Harvard neighbor, complained at the 350th Anniversary of Harvard that Keynesians had tried to poison his sophomore mind against saving. Tobin and I on the same panel took this amiss, since both of us since 1955 had been favoring a "neoclassical synthesis,” in which full employment with an austere fiscal budget would add to capital formation in preparation for a coming demographic turnaround.
Paul Samuelson
In many places around the world, the LGBT community and individuals infected with HIV/AIDS continue to face discrimination in employment, political representation, and access to health care, including sexual and reproductive health care and rights. They certainly must not be left behind. I will continue to push for the inclusion of these marginalized groups in the post-2015 agenda and beyond.
Tawakkol Karman
All that this country can achieve depends on developing our nation as a high growth, vibrant economy. In the modern global economy, even the greatest political ambition is doomed to failure without an economy driving employment, investment, research and development and rewarding success.
Alex Salmond
Ten years ago the incoming Conservative Government found the national finances in good order. .... What do we find to-day? Expenditure and indebtedness have been piled up, the income-tax stands at a shilling, war taxes are continued in peace time, the national credit is impaired, and a heavy depreciation has taken place in securities of every description. You only have to look around to see the result. Industry is burdened, enterprise is restricted, workmen are thrown out of employment, and the poorer classes are straitened still further in their circumstances.
Henry Campbell-Bannerman
Cultivators of the earth are the most valuable citizens. They are the most vigorous, the most independent, the most virtuous, and they are tied to their country and wedded to its liberty and interests by the most lasting bands. As long therefore as they can find employment in this line, I would not convert them into mariners, artisans, or any thing else. But our citizens will find employment in this line till their numbers, and of course their productions, become too great for the demand both internal and foreign.
Thomas Jefferson
The Christian priesthood, finding the doctrines of Christ levelled to every understanding, and too plain to need explanation, saw in the mysticism of Plato, materials with which they might build up an artificial system, which might, from its indistinctness, admit everlasting controversy, give employment for their order, and introduce it to profit, power and pre-eminence. The doctrines which flowed from the lips of Jesus himself are within the comprehension of a child; but thousands of volumes have not yet explained the Platonisms engrafted on them; and for this obvious reason, that nonsense can never be explained.
Thomas Jefferson
[The Falklanders] are all British because the British have never allowed Argentinians to buy land, start businesses, get employment, or simply live there. If I were to go to Rome with enough money to get an apartment, a business, or just settle there, the Italian authorities would let me. The British however have kept these islands as a personal fiefdom and have prohibited Argentinians from settling there.
Leopoldo Galtieri
Every attempt to refer chemical questions to mathematical doctrines must be considered, now and always, profoundly irrational, as being contrary to the nature of the phenomena. . . . but if the employment of mathematical analysis should ever become so preponderant in chemistry (an aberration which is happily almost impossible) it would occasion vast and rapid retrogradation....
Auguste Comte
What had been a trickle of immigrants from the Commonwealth was developing into a flood. We saw that if it was not brought under control it would create very serious social and economic problems-problems of employment, housing and education, for instance. So we brought in legislation. The socialists-aided by the Liberals-opposed it all along the line.
Alec Douglas-Home
Indeed, let us be frank about it. Most of our people have never had it so good. Go around the country, go to the industrial towns, go to the farms, and you will see a state of prosperity such as we have never had in my life time-nor indeed ever in the history of this country. What is beginning to worry some of us is, is it too good to be true?-or perhaps I should say, is it too good to last? ... Our constant concern to-day is, can prices be steadied while at the same time we maintain full employment in an expanding economy? Can we control inflation? This is the problem of our time.
Harold Macmillan
I would summarize the Keynesian view in terms of four points:1. Economies sometimes produce much less than they could, and employ many fewer workers than they should, because there just isn't enough spending. Such episodes can happen for a variety of reasons; the question is how to respond.
2. There are normally forces that tend to push the economy back toward full employment. But they work slowly; a hands-off policy toward depressed economies means accepting a long, unnecessary period of pain.
3. It is often possible to drastically shorten this period of pain and greatly reduce the human and financial losses by "printing money”, using the central bank's power of currency creation to push interest rates down.
4. Sometimes, however, monetary policy loses its effectiveness, especially when rates are close to zero. In that case temporary deficit spending can provide a useful boost. And conversely, fiscal austerity in a depressed economy imposes large economic losses.
Paul Krugman
Equal employment opportunities, yes, but we shouldn't get our women into jobs where they cannot, at the same time, be mothers...our most valuable asset is in the ability of our people, yet we are frittering away this asset through the unintended consequences of changes in our education policy and equal opportunities for women. This has affected their traditional role ... as mothers, the creators and protectors of the next generation.
Lee Kuan Yew
And since any inflation, however modest at first, can help employment only so long as it accelerates, adopted as a means of reducing unemployment, it will do so for any length of time only while it accelerates. "Mild" steady inflation cannot help-it can lead only to outright inflation. That inflation at a constant rate soon ceases to have any stimulating effect, and in the end merely leaves us with a backlog of delayed adaptations, is the conclusive argument against the "mild" inflation represented as beneficial even in standard economics textbooks.
Friedrich Hayek
There is no salvation for Britain unless the special privileges granted to the trade unions in 1906 are revoked. The average level of real wages of British workers would undoubtedly be higher, and their chances of finding employment better, if the wages of different occupations were again determined by the market and all limitations on the work an individual is allowed to do were removed.
Friedrich Hayek
