Economic Quote by Herbert Croly
“Let it be immediately added, however, that this economic independence and prosperity has always been absolutely associated in the American mind with free political institutions.”
About This Quote
Source Essay: The American Mind, 1912
Economic freedom in America is tied to free political institutions.
In simple terms: Prosperity links to political freedom.
Key Takeaway
Support political liberty for economic health.
Themes
politics
economics
freedom
Mood
analytical
thoughtful
Type
philosophical
historical
When to use this quote
- policy debates
- business climate
- citizen activism
Key Concepts
institutional theory
liberalism
Questions to Reflect On
- How do institutions shape prosperity?
- Can freedom exist without wealth?
A Different Perspective
Economic success can occur under varied political systems.
![“Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always…” quote by Lawrence Summers](https://sms4smile.com/quotes/img-quotes/ac4/lawrence-summers-16940_air_just-between-you-and-me-shouldn-t-the-wo_4703.jpg)
