Economics Quote by Louis O. Kelso

It is the institutions of society, not parental genes, that bestow the blessings of ownership of productive capital.

— Louis O. Kelso

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

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

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

There is no future for those who cannot or will not think.

— Louis O. Kelso

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

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

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

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

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

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

Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create…

— Louis O. Kelso