“It would be more realistic to think of all economic enterprise as a public service. Thought of in this perspective, a private economy is a contradiction in terms. Every economy is a public or social (not socialist) economy.”
After the Revolution? (1970; 1990), Ch. 4 : From Principles to Problems
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Robert A. Dahl30
American political scientist 1915–2014Related quotes
Christine O'Donnell (1969) American Tea Party politician and former Republican Party candidate
campaign speech, December 6, 2009
Christine O'Donnell on socialismin America
YouTube
2009-12-06
http://www.youtube.com/watch?v=gFisw16di3w
2010-10-20
2010 Delaware US Senate race
“Public economy is part of public virtue.”
William Ewart Gladstone (1809–1898) British Liberal politician and prime minister of the United Kingdom
Letter to Welby (26 October 1887), quoted in Anthony Howe, Free Trade and Liberal England 1846–1946 (1997), p. 19
1880s
J. R. D. Tata (1904–1993) Indian businessman
Address on 'Why a Mixed Economy?' to the Associated Chambers of Commerce and Industry of India, New Delhi, April 4, 1975.
Keynote: Excerpts from his speeches and chairman's statements to shareholders
“A basic contradiction between socialism and the market economy does not exist.”
Deng Xiaoping (1904–1997) Chinese politician, Paramount leader of China
As quoted in Daily report: People's Republic of China, Editions 240-249 (1993), p. 30
Interview, Time, 4 November 1985.
Variant: There are no fundamental contradictions between a socialist system and a market economy.
Kenneth Arrow (1921–2017) American economist
Kenneth J. Arrow (1962). "Economic Welfare and the Allocation of Resources for Invention." In: The Rate and Direction of Inventive Activity. Princeton University Press.; cited in: Thrainn Eggertsson, Economic behavior and institutions. 1990. p. 22
1950s-1960s
Michael Hudson (economist) (1939) American economist
Source: The Destiny of Civilization https://michael-hudson.com/2022/05/the-destiny-of-civilization/, May 15, 2022
Mao Zedong (1893–1976) Chairman of the Central Committee of the Communist Party of China
The Economy of New Democracy
On New Democracy (1940)