Broadcast (3 January 1948), quoted in The Times (5 January 1948), p. 4
Prime Minister
“The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.”
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John Maynard Keynes 122
British economist 1883–1946Related quotes
Source: The Political Doctrine of Fascism (1925), p. 113
1920s, Second State of the Union Address (1924)
Source: Sociology For The South: Or The Failure Of A Free Society (1854), p. 61
"Fraternity". p. 52
On Fraternity : Politics Beyond Liberty & Equality (2007)
“True Americanism” (1915).
Extra-judicial writings
“Politically, I am for efficiency. Economically first.”
Joint Interview with The Times and Daily Mail (2009)
Context: Politically, I am for efficiency. Economically first. Until the 1980s the world was divided into two, people were either communist or capitalist. The communist model does not work economically, we all realised that, but the capitalist model in the modern world also looks to be unsustainable. You cannot ignore individual interests, but I believe the world evolves slowly. The last 30 years have brought a minimum amount of money for everybody in the west, the next step, politically, would be a maximum amount of money earned by everybody.
“The economic illusion is the belief that social justice is bad for economic growth.”
Introduction, p. 1 (First text line.)
The Economic Illusion (1984)