A Quote by Louis O. Kelso

Work is a means; it is not an end. And for any tasks that can be performed or eliminated by a capital instrument, human labor is not the best means... Furthermore, we have science, engineering and management - the three disciplines - that really plan and control the production of goods and services, trying to eliminate labor. Who the hell is government to come along and try to create labor? The people who are producing wealth are trying to eliminate toil, while the politicians are trying to create it.

Louis O. Kelso

Quote Topics

Along Any Best Capital Come Control Create Disciplines Eliminate Eliminated End Engineering Furthermore Goods Goods And Services Government Hell Hell Is Human Instrument Labor Management Means People Performed Plan Politicians Producing Production Really Science Services Tasks Three Toil Try Trying Wealth While Work

Quote Author

Louis O. Kelso
Economist
April 12, 1913 - 1991

Capital is a result of labor, and is used by labor to assist it in further production. Labor is the active and initial force, and labor is therefore the employer of capital.

Henry George

I propose in the following discussion to call one's own labor, and the equivalent exchange of one's own labor for the labor of others, the 'economic means' for the satisfaction of needs, while the unrequited appropriation of the labor of others will be called the 'political means'.

Franz Oppenheimer

We are the necessary element since we expend nothing. Management can create its own capital -- the profits. Its business would grow and profits increase. Labor would prosper as well, while the price of the product would remain constant, the prosperity of industry, labor and management would continually increase. We Jews glory in the fact that the stupid goy have never realized that we are the parasites consuming an increasing portion of production while the producers are continually receiving less and less.

Harold Wallace Rosenthal

The labor of keeping house is labor in its most naked state, for labor is toil that never finishes, toil that has to be begun again the moment it is completed, toil that is destroyed and consumed by the life process.

Mary McCarthy

The government can destroy wealth but it cannot create wealth, which is the product of labor and management working with creation.

Bill Murray

Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.

Abraham Lincoln

The tendency of taxation is to create a class of persons who do not labor, to take from those who do labor the produce of that labor, and to give it to those who do not labor.

William Cobbett

Digitally enabled supply chains initially increased efficiency and dramatically shortened lead times. Capital was mobile; labor, less so. Economic activity (production, research, design, etc.) moved to any accessible country or region that had relatively inexpensive labor and human capital.

Michael Spence

From my earliest acquaintance with the science of political economy, it has been evident to my mind that capital was the product of labor, and that therefore, in its best analysis there could be no natural conflict between capital and labor.

Leland Stanford

On the basis of his work each person is fully entitled to consider himself a part owner of the great workbench at which he is working with everyone else. A way toward that goal could be found by associating labor with the ownership of capital joint ownership of the means of work, sharing by the workers in the management and/or profits of businesses, so-called shareholding by labor, etc.

Pope John Paul II

By bourgeoisie is meant the class of modern capitalists, owners of the means of social production and employers of wage labor. By proletariat, the class of modern wage laborers who, having no means of production of their own, are reduced to selling their labor power in order to live.

Friedrich Engels

One finds fortunes built on slave labor, indentured labor, prison labor, immigrant labor, female labor, child labor, and scab labor - backed by the lethal force of gun thugs and militia. 'Old money' is often little more than dirty money laundered by several generations of possession.

Michael Parenti

The product of mental labor - science - always stands far below its value, because the labor-time necessary to reproduce it has no relation at all to the labor-time required for its original production.

Karl Marx

Probably, indeed, the larger part of the labor of an author composing his work is critical labor; the labor of sifting, combining, constructing, expunging, correcting, testing. This frightful toil is as much critical as creative.

T. S. Eliot

My political tradition is on the left, but I think that more modern leftists, they sometimes get stuck with this vision of large government and social benefits and everything and that's against what is my position, because I think that the ultimate vision of Marx, Engels, and those people was to eliminate government entities and to give as much power to the people. And in modern standing that means direct democracy, that means all the power to the communities, it means gradually eliminating all government oppression on the society. And 100 years ago, leftists' major allies were labor unions.

Ilya Ponomarev

A Quote by Louis O. Kelso

Quote Topics

Quote Author

Related Quotes

Related Authors