Competition Quote by Jeremy Grantham
“If there's unemployment, having the government help reduce that unemployment, increase employment directly is a pretty good idea. It's not driving out competition; it's not crowding out.”
About This Quote
Source Speech: Economic Policy Forum, 2023
Government intervention can directly reduce unemployment by creating jobs without crowding out private competition.
In simple terms: State aid can boost jobs without harming markets.
Key Takeaway
Support targeted job‑creation programs.
Themes
employment
government policy
market dynamics
public welfare
Mood
analytical
optimistic
Type
policy
economic
When to use this quote
- recession response
- regional development
- skill training programs
Key Concepts
macroeconomics
fiscal policy
labor economics
Questions to Reflect On
- How can we ensure job programs are efficient?
- What safeguards prevent market distortion?
A Different Perspective
Effectiveness depends on implementation and funding.
![“In some ways the most striking novelty in Keynesian doctrine was that (abstracting from effects on foreign trade) an all-round reduction in wages would not reduce unemployment and (introducing Kalecki’s elaboration) would actually be likely to increase it. [p. 129]” quote by Joan Robinson](https://sms4smile.com/quotes/img-quotes/e9b/joan-robinson-11438_keynes_in-some-ways-the-most-striking-novelty-i_628471.jpg)
