...to me, at least, this unemployment problem is the most crucial problem of our country. I regard it as such. I can fight it. I am willing to fight it. I cannot fight it without weapons. I have for myself come to the conclusion that-owing to the conditions that exist to-day in the world, having regard to the economic environment, having regard to the situation of our country-if we go on pottering along as we are we shall have grave unemployment with us to the end of time. And I have come to the conclusion myself that the only way of fighting this subject is by protecting the home market. (Loud and continued cheering.)
Stanley BaldwinRelated topics
cheering country end fighting fight grave having home loud market problem situation to-day way willingRelated quotes
If reason (I mean abstract reason, derived from inquiries a priori) be not alike mute with regard to all questions concerning cause and effect, this sentence at least it will venture to pronounce, That a mental world, or universe of ideas, requires a cause as much, as does a material world, or universe of objects; and, if similar in its arrangement, must require a similar cause. For what is there in this subject, which should occasion a different conclusion or inference? In an abstract view, they are entirely alike; and no difficulty attends the one supposition, which is not common to both of them.
David Hume
A second devaluation would be regarded all over the world as an acknowledgement of defeat, a recognition that we were not on a springboard, but a slide. I myself have always deprecated-perhaps rightly, perhaps wrongly-in crisis after crisis, appeals to the Dunkirk spirit as an answer to our problem, because what is required in our economic situation is not a brief period of inspired improvisation, work and sacrifice, such as we had under the leadership of the right hon. Member for Woodford (Sir W. Churchill), but a very long, hard, prolonged period of reorganisation and rededication. It is the long haul, not the inspired spurt, that we need.
Harold Wilson
We have entered upon a period of crisis and conflict more grave and crucial than any living man has known, and it is a conflict which I think has been more deliberately undertaken and will be more resolutely fought through by both sides than any political conflict that we can recall. Terribly important as economic and constitutional questions may be, the fiscal system of a country and the system of Government which prevails in a country are only means to an end, and that end must be to create conditions favourable to the social and moral welfare of the masses of the citizens.
Winston Churchill
Market power and externalities are examples of a general phenomenon called market failure-the inability of some unregulated markets to allocate resources efficiently. When markets fail, public policy can potentially remedy the problem and increase economic efficiency. Microeconomists devote much effort to studying when market failure is likely and what sorts of policies are best at correcting market failures. As you continue your study of economics, you will see that the tools of welfare economics developed here are readily adapted to that endeavor. Despite the possibility of market failure, the invisible hand of the marketplace is extraordinarily important.
Greg Mankiw
In dealing with an opponent who has openly repudiated all the restraints, both of law and of humanity, we are not going to allow our efforts to be strangled in a network of juridical niceties. We do not intend to put into operation any measures which we do not think to be effective, and I need not say we shall carefully avoid any measures which violate the rules either of humanity or of honesty. Subject to those two conditions I say to our enemy-I say it on behalf of the Government, and I hope on behalf of the House of Commons-that under existing conditions there is no form of economic pressure to which we do not consider ourselves entitled to resort.
H. H. Asquith