A Quote by Joan Robinson

The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise.

Joan Robinson

Quote Topics

Century Clear Clear Message Competitive Dominant Economics Effects Enterprise Free Free Trade Gold Gold Standard Had Last Message Nineteenth Century Orthodox Private Private Enterprise Profit Pursuit Quarter Standard Supported Trade Universally Were Which

Quote Author

Joan Robinson
British - Economist
October 31, 1903 - August 5, 1983

I am opposed to all forms of control; I am for an absolute laissez faire, free, unregulated economy. I am for the separation of the state and economics, just as we had separation of state and church, which led to peaceful coexistence among different religions...so the same applies to economics. If you separate the government from economics, if you do not regulate production and trade, you will have peaceful cooperation, and harmony and justice among men.

Ayn Rand

Given that the nineteenth century was the century of Socialism, of Liberalism, and of Democracy, it does not necessarily follow that the twentieth century must also be a century of Socialism, Liberalism and Democracy: political doctrines pass, but humanity remains, and it may rather be expected that this will be a century of authority ... a century of Fascism. For if the nineteenth century was a century of individualism it may be expected that this will be the century of collectivism and hence the century of the State.

Benito Mussolini

THE NINETEENTH CENTURY SPREAD OF CHRISTIANITY WAS DUE PRIMARILY TO A NEW BURST OF RELIGIOUS LIFE EMANATING FROM THE CHRISTIAN IMPULSE. . . . NEVER IN ANY CORRESPONDING LENGTH OF TIME HAD THE CHRISTIAN IMPULSE GIVEN RISE TO SO MANY NEW MOVEMENTS. NEVER HAD IT HAD QUITE SO GREAT AN EFFECT UPON WESTERN EUROPEAN PEOPLES. IT WAS FROM THIS ABOUNDING VIGOR THAT THERE ISSUED THE MISSIONARY ENTERPRISE WHICH DURING THE NINETEENTH CENTURY SO AUGMENTED THE NUMERICAL STRENGTH AND THE INFLUENCE OF CHRISTIANITY.

Kenneth Scott Latourette

The New Deal's enmity for that system of free and competitive private enterprise which we call capitalism was fundamental.

Garet Garrett

The New Deals enmity for that system of free and competitive private enterprise which we call capitalism was fundamental.

Garet Garrett

Private enterprise is ceasing to be free enterprise. Private enterprise, indeed, became too private. It became privileged enterprise, not free enterprise.

Franklin D. Roosevelt

The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.

Ludwig von Mises

There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be shaped into ingots, bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence.

Charles de Gaulle

In actual fact, it is the State, i.e., the taxpayer who has become responsible to private enterprise. In Fascist Italy the State pays for the blunders of private enterprise Profit is private and individual. Loss is public and social.

Gaetano Salvemini

On the whole, the psychological work of the last quarter of the nineteenth century emphasized the study of consciousness to the neglect of the total life of intellect and character

Edward Thorndike

On the whole, the psychological work of the last quarter of the nineteenth century emphasized the study of consciousness to the neglect of the total life of intellect and character.

Edward Thorndike

Hayek became in his later years the dominant intellectual influence of the last quarter of the twentieth century.

Robert Skidelsky, Baron Skidelsky

It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.

Paul Volcker

We have passed the time of ... the laisser-faire [sic] school which believes that the government ought to do nothing but run a police force.

William Howard Taft

To someone like me, who has watched trade negotiations closely for more than a quarter-century, it is clear that U.S. trade negotiators got most of what they wanted. The problem was with what they wanted. Their agenda was set, behind closed doors, by corporations.