No Keynesian has ever proposed a measure designed to make…
“No Keynesian has ever proposed a measure designed to make the individual more productive; for that would require institutional means for enabling him to acquire ownership of the nonhuman factor of production: capital.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Kelso argues that productivity gains require giving individuals ownership of capital, not just labor.
In simple terms: People need capital ownership to become more productive.
Key Takeaway
Promote policies that share capital ownership.
Themes
economics
ownership
productivity
capital
inequality
Mood
analytical
optimistic
Type
economic
policy
When to use this quote
- employee stock ownership plans
- co‑ops
- community investment
- wealth building
Key Concepts
capital theory
shared ownership
economic empowerment
Questions to Reflect On
- How can capital be fairly distributed?
- What barriers exist to shared ownership?
A Different Perspective
Implementing widespread capital ownership faces political resistance.