“The great majority of politicians and other interested persons tend to…. concentrate on…. measures such as education and training of labour and investment in modern efficient capital equipment…. These reforms are of extreme importance but they are concerned basically with raising the output per head of those who are in employment rather than about the number of heads that will find suitable employment.”

— James Meade

James Meade, Full Employment Regained? An Agathotopian Dream, Cambridge University Press, Cambridge, (1995), p. xvii; As cited in: O'higgins, Niall. "The challenge of youth unemployment." International Social Security Review 50.4 (1997): p. 89

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James Meade 15

British economist 1907–1995

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“Train any population rationally, and they will be rational. Furnish honest and useful employments to those so trained, and such employments they will greatly prefer to dishonest or injurious occupations. It is beyond all calculation the interest of every government to provide that training and that employment; and to provide both is easily practicable.”

Robert Owen (1771–1858) Welsh social reformer

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“The stress on 'human resources' as an organizational asset goes back at least to Drucker (1954). This was elaborated in the theory of 'human capital' by Schultz (1963) who was concerned to describe the benefits of education as a 'production good' enhancing the economic resources of society, and by others like Becker (1964) who argued for the benefits to economic growth of a well-trained workforce. While labour market segmentation theory developed in reaction (stressing institutional processes in labour market formation), human asset accounting in the 1970s applied the capital theory to quantifying investments in people by the organization (Flamholtz, 1974). This was embraced by some (for example, Likert, 1967) as a way of encouraging humane employment policies, less geared to the short-term”

Andrew Pettigrew (1944) University professor

although others saw in it the rule of accountants
Chris Hendry and Andrew Pettigrew. "Human resource management: an agenda for the 1990s." International journal of human resource management 1.1 (1990): 17-43.

“"We must have a distinct vision of what employment and unemployment are. A person who is training or educating themselves is working for their country. That is what we have discovered in this recession, that training, education and innovation are fundamental.", Oslo Forum, September 2010.”

José Luis Rodríguez Zapatero (1960) Former Prime Minister of Spain

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“we often observe that there is abundance of capital to be had at low rates of interest, while there are also large numbers of artisans starving for want of employment.”

William Stanley Jevons The Theory of Political Economy

Source: The Theory of Political Economy (1871), Chapter VIII, Concluding Remarks, p. 215.

“Business-cycle theorists concerned themselves with why the economy naturally generated fluctuations in employment and output, [while the rest of the profession] continued to operate on the assumption that full employment was the natural, equilibrium position for the economy.”

Robert Aaron Gordon (1908–1978) American economist

Source: Business Fluctuations (1952), p. 340; as cited in: Thomas Cate (2013), An Encyclopedia of Keynesian Economics, Second edition. p. 347

“An efficient and contented employee has a positive money value to any employer. To hold him and keep him efficient, his personal comfort and needs should be considered in every way not detrimental to the company's interests.”

Walter Dill Scott (1869–1955) President of Northwestern university and psychologist

Walter Dill Scott, "The Psychology of Business - Wages," in: System, (18) (Dec. 1910), p. 610. The first article appeared in XVII

“Great accumulations of wealth cannot be justified on the basis of personal and family security. In the last analysis such accumulations amount to the perpetuation of great and undesirable concentration of control in a relatively few individuals over the employment and welfare of many, many others.”

Franklin D. Roosevelt (1882–1945) 32nd President of the United States

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Context: The desire to provide security for oneself and one's family is natural and wholesome, but it is adequately served by a reasonable inheritance. Great accumulations of wealth cannot be justified on the basis of personal and family security. In the last analysis such accumulations amount to the perpetuation of great and undesirable concentration of control in a relatively few individuals over the employment and welfare of many, many others.

“The most successful people in the workplace are those who normally really like and ‘buy-into’ their employer’s mission and vision. In other words such people like what the company wishes to achieve and where it is heading. It is akin to being on a ship and liking what the ship is doing and liking where the ship is heading. Can you imagine being on a ship and not wishing to go where it is heading?”

Nigel Cumberland (1967) British author and leadership coach

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“Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter VII, On Foreign Trade, p. 81 (See also.. Karl Marx, Das Kapital,(Buch II), Chapter XX, p. 474)
Context: Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole. By stimulating industry, by rewarding ingenuity, and by using most efficaciously the peculiar powers bestowed by nature, it distributes labour most effectively and most economically: while, by increasing the general mass of productions, it diffuses general benefit, and binds together, by one common tie of interest and intercourse, the universal society of nations throughout the civilized world.

“Employment is a good source of start up capital and basic survival but never a direct path to long term reasonable prosperity.”

Hamis Kiggundu (1984) Ugandan business magnate, Internet entrepreneur, philanthropist, and author

2018

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James Meade 15

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