Abba Lerner Quotes

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What is scarce is money. The lack of money to spend on goods is what keeps the unemployed resources from producing more goods. Work, moreover, instead of being a curse, is desired more than anything else because the alternative is not enjoyment of leisure but the suffering of unemployment and deprivation. Of course, if people could get income without they would not object too much (although their self-respect in feeling they are useful members in society who are earning their income is too easily underestimated). But it is only by finding work they can obtain the necessary income they need.

Abba Lerner

The scholars who understand it hesitate to speak out boldly for fear people will not understand. The people, who understand it quite easily, also fear to speak out while they wait for the scholars to speak out first. The difference between our present situation and that of the story is that it is not the emperor but the people who are periodically made to go naked and hungry and insecure and discontented - a ready prey to less timid organizers of discontent for the destruction of the civilization.

Abba Lerner

Abba Lerner

Abba Lerner

Born: October 28, 1903

Died: October 27, 1982 (aged 78)

Bio: Abraham Ptachya Lerner was a Russian-born British economist. Lerner was born on 28 October 1903 in Bessarabia. He grew up in a Jewish family, which emigrated to Great Britain when Lerner was three years old.

Abba Lerner on Wikipedia

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