Milton Friedman Quotes About Labor
-
A crackpot theory. Instead of saying labor's exploited, as Marx did, Kelso says capital's exploited. It's worse than Marx. It's Marx stood on its head.
→ -
The collapse of communism in essence added tens and tens of millions of people to the world labor supply, and the people who were added had previously been getting very low income, but they were not unskilled. Many of them were fairly well educated.
→ -
World trade depends on differences among countries, not similarities. Different countries are in different stages of development. It is appropriate for them to have different patterns, different policies for ecology, labor standards, and so forth.
→ -
All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.
→
Related Authors
-
Paul Samuelson Economist -
David D. Friedman Economist -
Adam Smith Philosopher -
George Stigler Economist -
Thomas Friedman Journalist -
Murray Rothbard Economist -
Karl Marx Philosopher -
Friedrich August von Hayek Economist -
Alan Greenspan Economist -
Gary Becker Economist -
John Kenneth Galbraith Economist -
John Maynard Keynes Economist -
Thomas Sowell Economist -
Margaret Thatcher Former Prime Minister of the United Kingdom -
Irving Fisher Economist -
Ludwig von Mises Philosopher -
Paul Krugman Economist -
Frederic Bastiat Economist -
Ayn Rand Novelist