Acquire Quote by Louis O. Kelso

The idea that full employment without property ownership will solve the world's problems is utter nonsense. The Keynesian concept that the function of capital…

— Louis O. Kelso

There is one good thing about Marx: he was not a Keynesian.

— Murray Rothbard

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

The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions.

— Ludwig von Mises

“Keynes concluded that citizens both rich and poor would have to be led gradually out of capitalism, a base and repugnant system of morals.…

— David Roth Singerman

Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor,…

— Myron Scholes

Keynes was scarcely a 'revolutionary' in any real sense. He possessed the tactical wit to dress up ancient statist and inflationist fallacies with modern,…

— Murray Rothbard

Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but…

— Milton Friedman

“In a BBC broadcast in 1934, when he was a year away from finishing The General Theory, Keynes pinpointed the fundamental difference between an…

— Stephen A. Marglin

The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments.…

— Ludwig von Mises

“In Keynes’s time, physicists were first grappling with the concept of quantum mechanics, which, among other things, imagined a cosmos governed by two entirely…

— Peter D. Schiff