Robert Heilbroner - Economic Quotes

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The change began with John Stuart Mill and the Utopians. When Mill pointed out that economics had no ultimate solution to the problem of distribution, that society might do with the fruits of its toil as it saw fit, he introduced into the mechanical calculus of the market a conflicting calculus of moral judgment.

Robert Heilbroner
In the end the question is: Who is to be master, man or his machines? As long as the control over technology rests primarily on economic calculation, the victor is not likely to be man.

Robert Heilbroner
Economic freedom is a highly desirable state — but in bust and boom we must be prepared to face the its consequences.

Robert Heilbroner
There was no simple riddance to the power of a dangerous political idea; no assassination possible to avert a disruptive change in technology; no natural death to be counted on to stop an economic change that ripped up ancestral estates or stirred up class discontent.

Robert Heilbroner
The secret to economic growth lay in the fact that that each generation attacked Nature not only with its own energies and resources, but with the heritage of equipment accumulated by its forebears.

Robert Heilbroner
For it is certain that the future will bring realities for which our traditional optimism fails to prepare us and against which our economic momentum fails to arm us.

Robert Heilbroner
If one could divine the nature of the economic forces in the world, one could foretell the future.

Robert Heilbroner