In the old 20th-century income distribution system, the shares of income going to capital, mainly in profits, and labor, in wages and non-wage benefits, were roughly stable. But that system is no more.
I don't see basic income as a panacea, but we must have a new income distribution system. The old one has broken down irretrievably.
D-Day represents the greatest achievement of the american people and system in the 20th century. It was the pivot point of the 20th century. It was the day on which the decision was made as to who was going to rule in this world in the second half of the 20th century. Is it going to be Nazism, is it going to be communism, or are the democracies going to prevail?
It's fun to sentimentalize the 20th-century lifestyle and the 20th-century brain, but it helps nobody, it makes you look ancient, there's no going back, and you'd be miserable if you did.
There's a sort of eternal, indefinable 20th century quality to 'BTAS.' We never really pegged the decade, but it's anytime in the 20th century, so I often harkened back to things from the '40s or '50s.
The 19th century was a century of empires, the 20th century was a century of nation states. The 21st century will be a century of cities.
The 20th century taught us how far unbridled evil can and will go when the world fails to confront it. It is time that we heed the lessons of the 20th century and stand up to these murderers. It is time that we end genocide in the 21st century.
I was really interested in 20th century communalism and alternative communities, the boom of communes in the 60s and 70s. That led me back to the 19th century. I was shocked to find what I would describe as far more utopian ideas in the 19th century than in the 20th century. Not only were the ideas so extreme, but surprising people were adopting them.
There was engrained poetry and then when you look back at our history and in the 20th century, the last century, probably the greatest writers of the 20th century were Irish. It became our only weapon, was our poetry, our music.
It's quite fashionable to say that the educational system is broken. It's not broken. It's wonderfully constructed. It's just that we don't need it anymore.
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.
It's quite fashionable to say that the education system's broken. It's not broken. It's wonderfully constructed. It's just that we don't need it anymore. It's outdated.
By the beginning of the 20th century, the debate about monetary policy and the nation's financial system had been going on for over a century. Increasingly, the shortcomings of the existing system were causing too much harm to ignore.
My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.
The 20th Century was the century of Aviation and the century of Globalization. The next century will be the century of Space.
The different American experience of the 20th Century is crucial because the lesson of the century for Europe, which essentially is that the human condition is tragic, led it to have a build a welfare system and a set of laws and social arrangements that are more prophylactic than idealistic. It's not about building perfect futures; it's about preventing terrible pasts. I think that is something that Europeans in the second half of the 20th century knew in their bones and Americans never did, and it's one of the big differences between the two Western cultures.