The nature of unemployment today is totally different from what it was a year ago. It is no longer caused by a deficiency of demand. There is no longer a potential surplus supply of the things we want. The transition to full employment is hindered by two obstacles. The first is due to the difficulty of shifting labour to the points where it is wanted. The second- and, for the time being, the chief--obstacle is caused by the difficulties, other than the shortage of labour, in the way of existing demand becoming effective.
John Maynard KeynesRelated topics
becoming deficiency different difficulties difficulty due full longer nature second transition way year today things labour pointsRelated quotes
The country has great and imperative obligations to the weak, the sick, the unfortunate. It must give to them all the sustenance and support it can. We look forward to social and unemployment insurances, to improved health services, to a wiser control of our economy to avert if possible all booms and slumps which tend to convert labour into a commodity, to a better distribution of wealth, to a keener sense of social justice and social responsibility. We not only look forward to these things, we shall demand and obtain them.
Robert Menzies
A branch of physics that I was working in for many years has lately become much less active. Many problems have been solved and others are so difficult that nobody knows what to do about them. This means that I do much less physics today than 15 years ago. By contrast, fractal tools have plenty to do. There is a joke that your hammer will always find nails to hit. I find that perfectly acceptable. The hammer I crafted is the first effective tool for all kinds of roughness and nobody will deny that there is at last some roughness everywhere.
Benoît Mandelbrot
The Soviet Union in Europe and Asia stands today a continuing challenge to the tottering capitalism of the western world. While trade depression and slump and unemployment and repeated crises paralyse capitalism, and the old order gasps for breath, the Soviet Union is a land full of hope and energy and enthusiasm, feverishly building away and establishing the socialist order. And this abounding youth and life, and the success the Soviet Union has already achieved, are impressing and attracting thinking people all over the world.
Jawaharlal Nehru
I am convinced that the majority of the religious hierarchy today deplores the hardship inflicted on our people. I am referring not only to the martyrs but of the families who have been dispersed and terrified, who have no resources, and to the four million unemployed who are suffering from the economic chaos of a country which only a year earlier was giving employment to a million foreigners. Those who have chosen to serve God must feel profoundly sad at seeing ridicule poured on the most sacred principles of our religion.
Muhammad Reza Pahlavi
If the world is an aggregate of relatively independent regions, then any assumption of universal laws is false and a demand for universal norms tyrannical: only brute force (or seductive deception) can then bend the different moralities so that they fit the prescriptions of a single ethical system. And indeed, the idea of universal laws of nature and society arose in connection with a life-and-death battle: the battle that gave Zeus the power over the Titans and all other gods and thus turned his laws into the laws of the universe.
Paul Karl Feyerabend