A Quote by Edmund Phelps

A nation's economy is more than its markets, tastes, technologies and property rights.

Edmund Phelps

Quote Topics

Economy Markets More Nation Property Property Rights Rights Tastes Technologies Than

Quote Author

Edmund Phelps
American - Economist
Born: July 26, 1933

What I do know is, in little more than 30 years, we have gone from a nation where the “quiet enjoyment” of one’s private property was a sacred right, to a day when the so-called property “owner” faces a hovering hoard of taxmen and regulators threatening to lien, foreclose, and “go to auction” at the first sign of private defiance of their collective will ... a relationship between government and private property rights which my dictionary defines as “fascism.”

Vin Suprynowicz

If we would have civilization and the exertion indispensable to its success, we must have property; if we have property, we must have its rights; if we have the rights of property, we must take those consequences of the rights of property which are inseparable from the rights themselves.

James F. Cooper

I typically don't use the distinction 'positive' and 'negative' liberty, because negative sounds bad and positive sounds good, and I don't think that the terminology ought to prejudice us one way or the other. So I think the more descriptive term is 'liberty rights' versus 'welfare rights'. So, liberty rights are freedom-of-action type rights, and welfare rights are rights-to-stuff, of various kinds...And, property rights are not rights-to-stuff. I think that's one of the key misunderstandings about property. Property rights are the rights to liberty within your jurisdiction.

Randy Barnett

We hold that the ownership of private property is the right and privilege of every American citizen and is one of the foundation stones upon which this nation and its free enterprise system has been built and has prospered. We feel that private property rights and human rights are inseparable and indivisible. Only in those nations that guarantee the right of ownership of private property as basic and sacred under their law is there any recognition of human rights.

John Rarick

As property, honestly obtained, is best secured by an equality of rights, so ill-gotten property depends for protection on a monopoly of rights. He who has robbed another of his property, will next endeavor to disarm him of his rights, to secure that property; for when the robber becomes the legislator he believes himself secure.

Thomas Paine

My position as regards the monied interests can be put in a few words. In every civilized society property rights must be carefully safeguarded; ordinarily and in the great majority of cases, human rights and property rights are fundamentally and in the long run, identical; but when it clearly appears that there is a real conflict between them, human rights must have the upper hand; for property belongs to man and not man to property.

Theodore Roosevelt

It's long been common practice among many to draw a distinction between "human rights" and "property rights," suggesting that the two are separate and unequal - with "property rights" second to "human rights."

Richard M. Nixon

The dichotomy between personal liberties and property rights is a false one. Property does not have rights. People have rights.

Potter Stewart

I thought of myself as an atheist until I realized it was a belief, too. It's a shame everything has to have a label. I feel that if I was figuratively dropped on the Earth and there was a political line, I would be just left of center. The difference for me is that conservatives are more interested in property values and rights and free markets, and liberals are more interested in human rights. In the end, there are people who don't fit into the marketplace and are not equipped. I believe the government should step in where the free market fails.

George Carlin

This election presents a stark choice - we can continue down the road of the Obama Democrats, more and more spending, debt and government control of the economy, or we can return to the founding principles of our nation - free markets, fiscal responsibility and individual liberty.

Ted Cruz

Suppose a nation, rich and poor, high and low, ten millions in number, all assembled together; not more than one or two millions will have lands, houses, or any personal property; if we take into the account the women and children, or even if we leave them out of the question, a great majority of every nation is wholly destitute of property, except a small quantity of clothes, and a few trifles of other movables.

John Adams

We hear in these days a great deal respecting rights--the rights of private judgment, the rights of labor, the rights of property, and the rights of man. Rights are grand things, divine things in this world of God's; but the way in which we expound these rights, alas! seems to me to be the very incarnation of selfishness. I can see nothing very noble in a man who is forever going about calling for his own rights. Alas! alas! for the man who feels nothing more grand in this wondrous, divine world than his own rights.