“Henry Ford, in a sense, was the first Keynesian. He paid his assembly workers high wages so they could afford to buy his cars.”

Source: The Economic Illusion (1984), Chapter 4, Labor, p. 169

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Henry Ford, in a sense, was the first Keynesian. He paid his assembly workers high wages so they could afford to buy hi…" by Robert Kuttner?
Robert Kuttner photo
Robert Kuttner 23
American journalist 1943

Related quotes

Peter F. Drucker photo

“When Henry Ford said, "The customer can have a car in any color as long as it's black," he was not joking.”

Peter F. Drucker (1909–2005) American business consultant

Source: 1960s - 1980s, MANAGEMENT: Tasks, Responsibilities, Practices (1973), Part 1, p. 209

Elon Musk photo

“When Henry Ford made cheap, reliable cars people said, 'Nah, what's wrong with a horse?' That was a huge bet he made, and it worked.”

Elon Musk (1971) South African-born American entrepreneur

Conversation: Elon Musk on Wired Science (2007)

Will Cuppy photo

“Henry VIII had so many wives because his dynastic sense was very strong whenever he saw a maid of honor.”

Will Cuppy (1884–1949) American writer

The Decline and Fall of Practically Everybody (1950), Part V: Merrie England, Henry VIII

Edward de Bono photo
George II of Great Britain photo
Ludovico Ariosto photo

“For such a sovereign joy, a prize so high
No silver and no gold could ever buy.”

Ch'un almo gaudio, un così gran contento
Non potrebbe comprare oro né argento.
Canto XXXVIII, stanza 2 (tr. W. S. Rose)
Orlando Furioso (1532)

Ilana Mercer photo

“Canada is a high-wage area. The U. S. is a high-wage area. Latin America is a low-wage area. Migratory pressure flows from low-wage to high-wage regions; from the Third World to the First World (until migratory equilibrium is reached when First World becomes Third World).”

Ilana Mercer South African writer

"Trump’s Good for the English Language," http://www.wnd.com/2015/09/trumps-good-for-the-english-language/ WorldNetDaily.com, September 17, 2015.
2010s, 2015

Dejan Stojanovic photo

“His Highness was always confident in his statements, especially about what he viewed for the first time.”

Dejan Stojanovic (1959) poet, writer, and businessman

“His Highness,” p. 90
The Sun Watches the Sun (1999), Sequence: “A Game”

Related topics