“Neither economic liberalism nor Keynesianism can conceptualise vocation, virtue or labour value as economic categories, neither can give a primary economic value to intermediate institutions, whether they be the corporate governance of a firm, vocational colleges, regional banks or supporter owned football clubs, they can only conceptualise the state or the market and all forms of particular association are viewed as at best “cultural” or at worst “obstructive”. They can give no conceptual status to place, to the specificity of place and the necessity of institutions in generating virtue and value within it.”

— Maurice Glasman, Baron Glasman

Politics, Employment Polices and the Young Generation, Maurice Glasman http://www.lse.ac.uk/economics/newsEventsSeminars/files/MauriceGlasmanPaper.pdf

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Maurice Glasman, Baron Glasman 49

British philosopher 1961

Richard M. Weaver (1910–1963) American scholar

“The Importance of Cultural Freedom,” p. 25.
Life Without Prejudice (1965)

“The rise of the modern corporation has brought a concentration of economic power which can compete on equal terms with the modern state - economic power versus political power, each strong in its own field. The state seeks in some aspects to regulate the corporation, while the corporation, steadily becoming more powerful, makes every effort to avoid such regulation… The future may see the economic organism, now typified by the corporation, not only on an equal plane with the state, but possibly even superseding it as the dominant form of social organization. The law of corporations, accordingly, might well be considered as a potential constitutional law for the new economic state, while business practice is increasingly assuming the aspect of economic statesmanship.”

Adolf A. Berle (1895–1971) American diplomat

Source: The Modern Corporation and Private Property. 1932/1967, p. 357 (1967, p. 313)

“Thanks to the work of John Maynard Keynes and of Milton Friedman, we now have a better understanding of how governments can (at least in principle) reduce the severity of major economic downturns. Keynesian economics taught us that government spending can raise GDP and reduce unemployment.”

Martin Feldstein (1939–2019) American economist

"Economic Conditions and U.S. National Security in the 1930s and Today" (2009).

“Wealth, for the purposes of economic study, is confined to those values attaching to material objects through the action of man, which values can be exchanged /or other values.”

Hilaire Belloc (1870–1953) writer

Source: Economics for Helen (1924), Ch. 1 : What is Wealth?

“I do not overlook the important contributions to economic theory in the past whether orthodox or heterodox I correlate them with institutional economics. The classical and communistic economists used as their measure of value the man hour of labor. This is evidently since the incoming of scientific management the engineering economics of efficiency. The Austrian and hedonistic economists deriving from Bentham used as the measure of value the diminishing marginal utility of consumption goods. This is evidently the home economics recently introduced in the college curriculum.”

John R. Commons (1862–1945) United States institutional economist and labor historian

Source: "Institutional economics," 1936, p. 242

“The constant questioning of our values and achievements is a challenge without which neither science nor society can remain healthy.”

Aage Niels Bohr (1922–2009) Danish physicist

Nobel Prize Banquet Speech http://nobelprize.org/nobel_prizes/physics/laureates/1975/bohr-speech.html, December 10, 1975.

“Unless there is a decentralisation of power, in the financial markets and in politics, then there can be no negotiations that can transform the present system of domination. Domination by the rich of the poor, by the educated of the uneducated, by the City of the country. Perhaps a simpler but more controversial way of putting it is that the German economy, with workers on the boards, regional banks, vocational labour market entry and co-determined pension funds has proved to be more capable of producing goods than ours. Their system is based upon subsidiarity and vocation, the cornerstones of the Christian inheritance. Secular modernity is not working. It is inappropriate for our times. Here’s a new paradox: Modernity is out of date.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Blue Labour, Tackling Poverty Together http://www.bluelabour.org/2013/11/24/tackling-poverty-together/

“The 'establishment of religion' clause of the First Amendment means at least this: Neither a state nor the Federal Government can set up a church. Neither can pass laws which aid one religion, aid all religions or prefer one religion over another. Neither can force nor influence a person to go to or to remain away from church against his will or force him to profess a belief or disbelief in any religion. No person can be punished for entertaining or professing religious beliefs or disbeliefs, for church attendance or non-attendance. No tax in any amount, large or small, can be levied to support any religious activities or institutions, whatever they may be called, or whatever form they may adopt to teach or practice religion. Neither a state nor the Federal Government can, openly or secretly, participate in the affairs of any religious organizations or groups and vice versa. In the words of Jefferson, the clause against establishment of religion by law was intended to erect 'a wall of separation between Church and State.”

Hugo Black (1886–1971) U.S. Supreme Court justice

Writing for the court, Everson v. Board of Education, 330 U.S. 1 (1947).

“Any system of economics is bankrupt if it sees either value or virtue in unemployment.”

Jimmy Carter (1924) American politician, 39th president of the United States (in office from 1977 to 1981)

Pre-Presidency, First Presidential Nomination Acceptance Speech (1976)
Context: Any system of economics is bankrupt if it sees either value or virtue in unemployment. We simply cannot check inflation by keeping people out of work..

“One can only wonder when the advocates of progressive economics will realize that, despite their best efforts, you cannot regulate your way to economic prosperity.”

Andrew Puzder (1950) American businessman

The Harsh Reality Of Regulating Overtime Pay http://www.forbes.com/sites/realspin/2016/05/18/the-harsh-reality-of-regulating-overtime-pay/#22d4f5c12321 (May 18, 2016)

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Maurice Glasman, Baron Glasman 49

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