"The great majority of politicians and other interested persons tend to....concentrate on....measures such as education and training of labour and investment in modern efficient capital equipment....These reforms are of extreme importance but they are concerned basically with raising the output per head of those who are in employment rather than about the number of heads that will find suitable employment."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Economists from EnglandUniversity of Oxford facultyUniversity of Oxford alumniNobel laureates in EconomicsNobel laureates from England
Original Language: English
Available Languages (1)
Revision History
No revisions have been submitted for this quote.
Categories
James Meade
James Edward Meade CB, FBA (23 June 1907 – 22 December 1995) was a British economist and winner of the 1977 Nobel Memorial Prize in Economic Sciences jointly with the Swedish economist Bertil Ohlin for their "pathbreaking contribution to the theory of international trade and international capital movements."
16 quotes on TrueQuotesView all quotes by James Meade →
Related Quotes
"A good book on the subject of the customs union has for long been wanted; and now it is provided by Professor Viner's…"
"We assume...that the banking system must be prepared to expand (or contract) the total supply of money to the extent …"
"[Central banks might have to intervene to counter "perverse" or "grossly excessive" speculation.] By such means, the …"
"He was lucky enough to rub shoulders with a fellow student, Mr. W T. Newlyn, now lecturing on money at the University…"
"[The same transactions are not always] entered in the same category for receiving and paying country."
"By a ‘spontaneous disturbance’ we shall mean any change in the underlying conditions, the cause of which we are prepa…"
"We shall talk as if the objective of internal balance were simply that of maintaining a level of total demand for all…"
"Now there are two ways in which the authorities of a particular country may combine the use of financial policy and o…"
"Any one country can be in any of four possible disequilibrium situations. It can be (1) a surplus country with a dome…"
"On principle i relative prices will be lowered in the interests of external balance and domestic expenditure will be …"