I believe Gandhi is the only person who knew about real democracy — not democracy as the right to go and buy what you want, but democracy as the responsibility to be accountable to everyone around you. Democracy begins with freedom from hunger, freedom from unemployment, freedom from fear, and freedom from hatred. To me, those are the real freedoms on the basis of which good human societies are based.
It was the unemployment that was the hardest to bear. The jobless millions were like an embolism in the nation's vital circulation; and while their indisputable existence argued more forcibly than any text that something was wrong with the system, the economists wrung their hands and racked their brains and called upon the spirit of Adam Smith, but could offer neither diagnosis or remedy.robert heilbroner
Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.paul ormerod
Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying.norman lamont
The things you hear now about European unemployment -- that there are structural problems, that real wages have failed to adjust, that there are inflationary fears -- are the same things that were said during the early 1930. It is well established that government spending began to pull Germany out of its slump in 1935. There is no known reason why spending for peace can't do as well at getting the economy going as spending for war.lawrence summers
Of all the aspects of social misery nothing is so heartbreaking as unemployment ...jane addams
We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.james callaghan
When we reject unemployment as an economic instrument as we do and when we reject also superficial remedies, as socialists must, then we must ask ourselves unflinchingly what is the cause of high unemployment. Quite simply and unequivocally, it is caused by paying ourselves more than the value of what we produce. There are no scapegoats.james callaghan
Any system of economics is bankrupt if it sees either value or virtue in unemployment.jimmy carter
I don't care what the unemployment rate is going to be. It doesn't matter to me. My campaign doesn't hinge on unemployment rates and growth rates.rick santorum
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.Milton Friedman
When a great many people are unable to find work, unemployment results.calvin coolidge
This would, at a stroke, reduce the rise in prices, increase production and reduce unemployment.edward heath
I've said consistently that no employer ever really accepts a union. They tolerate the unions. The very minute they can get a pool of unemployment they'll challenge the unions and try to get back what they call managements prerogatives, meaning hire, fire, pay what you want.jimmy hoffa
Nothing could be further from the truth than the claim that we have a choice between cutting tax and cutting unemployment, for the two go hand in hand.nigel lawson
Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited.ludwig von mises
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.paul ormerod
You can make more money on unemployment than you can going down and getting one of those jobs that is an honest job, but it doesn't pay as much. And so that's what's happened to us is that we have put in so much entitlement into our government that we really have spoiled our citizenry and said you don't want the jobs that are available.sharron angle
We all, or nearly all, consent If wages rise by ten per cent It puts a choice before the nation Of unemployment or inflation.kenneth boulding
If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God.paul krugman
Trade unions and strikes cannot help in times of crisis when there is no demand for this “commodity”, they cannot change the conditions which, convert labour-power into a commodity and which doom the masses of working people to dire need and unemployment. To change these conditions, a revolutionary struggle against the whole existing social and political system is necessary; the industrial crisis will convince very many workers of the justice of this statement.
The physical lot of surviving workers had notably improved, with unemployment insurance, social security, and the new health services, while their children's school education was assured by the government-operated schools: in addition, they had, for intellectual or emotional stimulus and diversion, the radio and the television. But the work itself was no longer as various, as interesting, or as sustaining to the personality...Lewis Mumford
To politicians, solved problems represent a dire threat of unemployment and poverty. That's why no problem ever tackled by the government has ever been solved. What they want is lots of problems they can promise to solve, so that we'll keep electing them or letting them keep their jobs in a bureaucracy metastasizing like cancer.l. neil smith
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.
Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them.
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.
Unlike side issues like unemployment, unions, and minimum-wage laws, the subject of work itself is almost entirely absent from libertarian literature. Most of what little there is consists of Randite rantings against parasites, barely distinguishable from the invective inflicted on dissidents by the Soviet press, and Sunday-school platitudinizing that there is no free lunch this from fat cats who have usually ingested a lot of them.bob black