Clear Quote by Louis O. Kelso
“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 is an inequitable distribution of productive power, from which an unworkable distribution of income results.”
About This Quote
Source Book: Capitalism and Freedom, 1962
Economic conflict stems from unequal control over productive assets, not merely unequal wages.
In simple terms: Power, not wages, causes inequality.
Key Takeaway
Address asset ownership distribution.
Themes
economics
inequality
property rights
policy
distribution
Mood
analytical
critical
Type
theoretical
policy
When to use this quote
- business strategy
- public policy
- investment decisions
- labor negotiations
- community development
Key Concepts
Capital theory
social justice
wealth distribution
Questions to Reflect On
- How can societies democratize productive power?
- What policies best reduce asset concentration?
A Different Perspective
Power imbalances can be hard to measure and shift quickly.
![“We have no clear ideas of the agency of [demonic] spirits, nor is it necessary. The Scripture says little to satisfy our curiosity; but tells us plainly that he is always watching us, and desiring to sift us as wheat. I believe we give him no more than his due, when we charge him with having a…” quote by John Newton](https://sms4smile.com/quotes/img-quotes/c75/john-newton-6629_abundance_we-have-no-clear-ideas-of-the-agency-of_2907.jpg)
