We have an economic policy that is just about 10,000 years out of date. — Louis O. Kelso Copy Share Image
The totalitarian toil-state originates in the propertylessness of the majority. — Louis O. Kelso Copy Share Image
Hard-core structural poverty has a counterpart at the apex: hard-core structural affluence. — Louis O. Kelso Copy Share Image
The point is to make the pie grow faster and distribute the new growth more equitably. — Louis O. Kelso Copy Share Image
The uneasy ghost of Marx must suffer the torments of the damned at the truth glaring from the pages of history that… — Louis O. Kelso Copy Share Image
Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is… — Louis O. Kelso Copy Share Image
It is the institutions of society, not parental genes, that bestow the blessings of ownership of productive capital. — Louis O. Kelso Copy Share Image
The sole missing link is the recognition that the acquisition of capital ownership by the millions is an indispensable goal. That is… — Louis O. Kelso Copy Share Image
Everyone should own a piece of the wealth-producing capital of this country, but not everyone can be a manager. Or should be. — Louis O. Kelso Copy Share Image
The scarcity that afflicts the world is not the fault of either science or nature. The cause is defective economic institutions which… — Louis O. Kelso Copy Share Image
That which is inherently nonfinanceable is financed. That which is inherently financeable is not financed. And the illogic of poverty amidst eagerness… — Louis O. Kelso Copy Share Image
The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input. — Louis O. Kelso Copy Share Image
I'm a secret nonmember of the establishment. This isn't a grubby kind of revolution I'm talking about. This isn't Che Guevara stuff.… — Louis O. Kelso Copy Share Image
The one important distinction between the two factors of production is that in a free society, ownership of the human factor, labor,… — Louis O. Kelso Copy Share Image
While no inference is intended here, it is worth noting, in connection with Milton Friedman's comment that "Kelso just turned Marx upside… — Louis O. Kelso Copy Share Image
The poor lack money. They lack money because they do not know the secret of productive wealth. They know it is possible… — Louis O. Kelso Copy Share Image
Thus, the capital owner is not a parasite or a rentier but a worker - a capital worker. A distinction between labor… — Louis O. Kelso Copy Share Image
When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners,… — Louis O. Kelso Copy Share Image
The idea that full employment without property ownership will solve the world's problems is utter nonsense. The Keynesian concept that the function… — Louis O. Kelso Copy Share Image
The path the capitalist revolution will take faces in exactly the opposite direction from that taken by the communist revolution. It seeks… — Louis O. Kelso Copy Share Image
Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical… — Louis O. Kelso Copy Share Image
There's only one honest way to measure affluence; that's by comparing the capability of producing goods and services with the desire of… — Louis O. Kelso Copy Share Image
Work is a means; it is not an end. And for any tasks that can be performed or eliminated by a capital… — Louis O. Kelso Copy Share Image
But would the young do any better under the same circumstances? Will they do any better when their turns come? The answer… — Louis O. Kelso Copy Share Image
Rather than providing him with economic opportunity, the Act of that name seems designed to make the poor man do penance all… — Louis O. Kelso Copy Share Image
The schemes to set up blacks in cleaning stores, gas stations, hamburger stands and fried-chicken franchises, all the low-profit, low-capital enterprises, will… — Louis O. Kelso Copy Share Image
The primary cause of disorder and lawlessness today, as throughout history, is the poverty of the many in contrast to the affluence… — Louis O. Kelso Copy Share Image
The purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to… — Louis O. Kelso Copy Share Image
Labor is the source of subsistence, capital is the source of affluence. My idea is to make everyone a capitalist, and therefore,… — Louis O. Kelso Copy Share Image
Our present predicament comes from the fact that running the economy on blood is no longer fashionable. We can't end this depression… — Louis O. Kelso Copy Share Image
Technology plows through history at an accelerating rate, shifting the burden of production off labor into the nonhuman factor because man uses… — Louis O. Kelso Copy Share Image
The way the system now works, credit is extended to those who don't need it and denied to those who are in… — Louis O. Kelso Copy Share Image
The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce. — Louis O. Kelso Copy Share Image
Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save"… — Louis O. Kelso Copy Share Image
If capital produces most of the economy's wealth and income is distributed on the basis of productive input, the individual can hardly… — Louis O. Kelso Copy Share Image
Equality of economic opportunity, in the context of private property, means equality of opportunity for the millions of capital-less households of today… — Louis O. Kelso Copy Share Image
The sooner the world solves its economic problems, the sooner its inhabitants can afford leisure and peace and get on with the… — Louis O. Kelso Copy Share Image
Private property works like circuitry in electronics, or piping in hydraulics. It conveys wages to the owners of labor power, as well… — Louis O. Kelso Copy Share Image
It is the institutions of society, not parental genes, that bestow the blessings of ownership of productive capital. — Louis O. Kelso Copy Share
The primary cause of disorder and lawlessness today, as throughout history, is the poverty of the many in contrast to the affluence of the… — Louis O. Kelso Copy Share
Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of… — Louis O. Kelso Copy Share
Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary… — Louis O. Kelso Copy Share
They sense that there's a majority out there and that the emotions are all on the other side-if they can be heard. They think… — Louis O. Kelso Copy Share
Thus, the capital owner is not a parasite or a rentier but a worker - a capital worker. A distinction between labor work and… — Louis O. Kelso Copy Share
When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners, the same… — Louis O. Kelso Copy Share
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,… — Louis O. Kelso Copy Share
If capital produces most of the economy's wealth and income is distributed on the basis of productive input, the individual can hardly reach his… — Louis O. Kelso Copy Share
All this plan does is make everybody a capitalist. I know that the New York Stock Exchange says there are 25 million shareholders in… — Louis O. Kelso Copy Share
The schemes to set up blacks in cleaning stores, gas stations, hamburger stands and fried-chicken franchises, all the low-profit, low-capital enterprises, will rivet the… — Louis O. Kelso Copy Share
Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create… — Louis O. Kelso Copy Share
There is more to life than material well-being. Who would claim that the wholly wage-dependent family enjoys the dignity, the security, the range of… — Louis O. Kelso Copy Share
The sooner the world solves its economic problems, the sooner its inhabitants can afford leisure and peace and get on with the non-material things… — Louis O. Kelso Copy Share
