"In three ways unemployment would be reduced. First... by greater equalization of purchasing power and consequent stimulus in the form of effective demand. Second, by utilizing the national credit and socialized industries for the creation of new industries and the extension of existing ones. ... Social ownership and operation of the basic industries, and especially socialized banking and credit, would greatly facilitate the task of shifting the masses of unemployed into productive channels. Third, if necessary, by shortening working hours and dividing the available work among all the people."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Kirby Page, Property (1935)
https://en.wikiquote.org/wiki/Economics
Revision History
No revisions have been submitted for this quote.
Categories
Economics
109 quotes on TrueQuotesView all quotes by Economics →
Related Quotes
"Any author who uses mathematics should always express in ordinary language the meaning of the assumptions he admits, …"
"A planet full of people meant nothing against the dictates of economic necessity!"
"Economics is on the side of humanity now."
"“That voter, in my judgment,” he claims, “will be more likely to vote his economic interests than he will anything el…"
"Most of the presidential candidates' economic packages involve 'tax breaks,' which is when the government, amid great…"
"See, when the Government spends money, it creates jobs; whereas when the money is left in the hands of Taxpayers, God…"
"Life, liberty, and property do not exist because men have made laws. On the contrary, it was the fact that life, libe…"
"Our broken economies are lining the pockets of billionaires and big business at the expense of ordinary men and women…"
"How is property given? By restraining liberty; that is, by taking it away so far as necessary for the purpose. How is…"
"In fact, without any exaggeration, the current mechanism of money creation through credit is certainly the "cancer" t…"