English Economist Quotes

William Stanley Jevons

Joan Robinson

Arthur Young

In truth men never can solve problems fulfilling the complex circumstances of nature. All laws and explanations are in a certain sense hypothetical, and apply exactly to nothing which we can know to exist.

William Stanley Jevons

Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.

I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, 'How do I build a small firm for myself?' The answer seems obvious: Buy a very large one and just wait.

Will posterity believe that, while the Press has swarmed with inflammatory productions that tend to prove the blessing of theoretical confusion and speculative licentiousness, not one writer of talent has been employed to refute and confound the fashionable doctrines, nor the least care taken to disseminate works of another complexion.

I was sometimes brought to a standstill, and at times almost despaired of making further progress... I knew no one of whom I could ask a question or receive any kind of instruction, and the subject was therefore at times very painful.

American communities require that new housing meet quality requirements that are very high by world or even Western European and Japanese standards. These requirements are designed by middle-class architects, planners, and citizens in conformity with what they believe is decent housing. But their concept of decency far surpasses what is necessary for human health and safety. Consequently, all new American dwellings are too costly for low-income people to occupy without direct subsidies. But subsidies are provided for only a few of the many households with incomes low enough to be eligible for them. So poor people live in unsubsidized older dwellings.