Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It… — Louis O. Kelso Copy Share Image
The owners of labor, on the other hand, are being taught, by the most powerful and well-publicized examples, that the highest rewards… — 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
The Roman arena was technically a level playing field. But on one side were the lions with all the weapons, and on… — 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
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 point is to make the pie grow faster and distribute the new growth more equitably. — Louis O. Kelso Copy Share Image
Full employment is a socially hazardous goal. In effect, it aspires to restore through political expedients the pre-industrial state of toil that… — 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
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 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
Hard-core structural poverty has a counterpart at the apex: hard-core structural affluence. — Louis O. Kelso Copy Share Image
Had Marx understood the implications of the principles of capitalistic distribution which presented themselves to him as "appearances" only, he might have… — 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
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
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 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
What have the masses been clamoring for? Jobs and welfare, and they got 'em. They've also got unions and managements like two… — 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
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
We have an economic policy that is just about 10,000 years out of date. — Louis O. Kelso Copy Share Image
No Keynesian has ever proposed a measure designed to make the individual more productive; for that would require institutional means for enabling… — 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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 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 rivet the… — Louis O. Kelso Copy Share Image
