Planning is to be based on the democratic approach and method. There should, therefore, be definite place for voluntary effort...a substantial advance should be made towards solving the problems of unemployment. At the same a large increase is the supply of consumer goods should be secured through cottage and small scale industries...The Socialist pattern implies a large and growing public sector in the national economy...And economy based on the socialistic pattern does not preclude the existence of a private sector, particularly in agriculture and small scale industries...In the public and private sectors alike, the relations of workers to management should be such as would give to them a distinctive role and a share in the making of decisions affecting the enterprise...In any case, a series of measures will have to be adopted to eliminate speculative and unearned gains...Special attention will have to be given to the elimination of conspicuous consumption...
Gulzarilal NandaRelated topics
advance approach attention case consumer consumption definite democratic distinctive effort elimination given goods growing increase large making national place planning public sector series should share small socialist solving substantial relationsRelated quotes
In speaking of agricultural management, the French say, I'economie rurale, and the English, rural economy; and yet neither the one nor the other intend thereby to signify the absolute execution of agricultural operations, but only the division and circumstances or appurtenances of agriculture. In Germany, where a Latin or Greek name has lately been thought to give dignity to a science, and has, consequently, been introduced into the title of most of the scientific works, some authors have begun to term, not only the science of agriculture, but agriculture itself, the oekonomie; and the word is used exclusively in this sense by many persons. It is for this reason that those who are supposed to practise the art with the greatest skill and science, are termed oekonomen (economists); and that some of those who are employed in superintending the labourers, even though they frequently have not the least idea of the actual principles of agriculture, chose to be designated by this title.
Albrecht Thaer
Intelligence is given every wise opportunity to develop. Unfortunate if it is overclouded by class consciousness. If labor's fear of immigration is only a way of asserting, in an organized plea, labor's right to monopoly, it must be remembered that such an attitude has never been successful, and will not be successful in this case. There are those who leach the laborer that the fewer hours he works, the better off he is. In order to maintain that belief, they have attempted, through organization, to dictate to government. This attitude is against public conscience, against the working of economic law. There was a time, in our country's history, when we believed that leisure meant opportunity. But educated people soon found that opportunity lay not in leisure but in effort; so they went to work. The ideal for rich and poor alike is that any one, through honest effort, may assume and secure any position for which he is fitted.
Calvin Coolidge
Enoch was right. He had made the two intellectual leaps in economic policy which Keith Joseph and I would only make some years later. First, he had grasped that it was not the unions which caused inflation by pushing up wages, but rather the Government which did so by increasing the supply of money in the economy. Consequently, incomes policies...were a supreme irrelevance to anti-inflation policy. The only aspect of the matter which Enoch then and later failed sufficiently to grasp was the importance of the indirect link between trade union power and inflation. This lay in the fact that over-powerful trade unions priced their own members out of jobs, and inflicted unemployment on both union and non-union workers alike. Governments...would then react by lowering interest rates and expanding the money supply. This would increase demand and jobs for a time, but it also increased inflation... That said, Enoch's insight into the cause of inflation was of supreme importance.
Enoch Powell
First let us ask whether our wealth-creating agencies, particular that of industry, are to be based upon private enterprise of policy management. I can not see how any intelligent observer can have any possible faith in the capacity of political management to provide either stability or progress if it should set out to operate the agencies of wealth creation, particularly industry. It is my firm conviction that any form of 'Government Regulation of Business' is bound to result in an ever-increasing interference with the broad exercise of initiative - the very foundation of the American system. That is the natural evolution of bureaucracy. If that be so, might not the ultimate logical result be the necessity for the socialization of industry through the break down of the profit system induced by the accumulative effect of the ever-increasing political management. We do not need to go far afield to see definite evidences of that possibility.
Alfred P. Sloan
Ensour: The region's political instability is expected to persist through 2015 and possibly escalate in coming years. Unsurprisingly, Jordan has been affected by the crisis and it remains a major challenge facing the economy. Since the conflict in Syria began five years ago, over 1.4m Syrians refugees have fled to Jordan and now account for about 20% of the kingdom's population. Demand for services like health, education and electricity are soaring. For example, since the beginning of the crisis there has been a 20% increase in water consumption at the national level and a 40% jump in the north. Jordan is the second-most-water-scarce country in the world, so the economic implications of this burden are certain to weigh on foreign investors' calculations. The global community must share this burden and more tangible support is needed to enhance Jordan's resilience and maintain its position as the safe haven of the region.
Abdullah Ensour