“It is a popular error that bureaucracy is less flexible than private enterprise. It may be so in detail, but when large scale adaptations have to be made, central control is far more flexible. It may take two months to get an answer to a letter from a government department, but it takes twenty years for an industry under private enterprise to readjust itself to a fall in demand.”
Source: Contributions to Modern Economics (1978), Chapter 3, Obstacles to Full Employment, p. 27 (See also: General Motors)
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Joan Robinson 46
English economist 1903–1983Related quotes

“Private enterprise did not get us atomic energy.”
Source: The Affluent Society (1958), Chapter 25, Section III, p. 274

1920s, Ways to Peace (1926)

Letter to John Taylor (28 May 1816) ME 15:23 http://www.britannica.com/presidents/article-9116907
1810s
Context: We may say with truth and meaning that governments are more or less republican, as they have more or less of the element of popular election and control in their composition; and believing, as I do, that the mass of the citizens is the safest depository of their own rights, and especially, that the evils flowing from the duperies of the people are less injurious than those from the egoism of their agents, I am a friend to that composition of government which has in it the most of this ingredient. And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

William J. Clinton: "Address Accepting the Presidential Nomination at the Democratic National Convention in New York," July 16, 1992. Online by Gerhard Peters and John T. Woolley, The American Presidency Project. http://www.presidency.ucsb.edu/ws/index.php?pid=25958
1990s

Anarchism & American Traditions (1908)

Source: Christianizing the Social Order (1912), p. 108
Source: Methodology for the Design and Evaluation of Ontologies (1995), p. 1: Introduction

Source: The Elegant Universe: Superstrings, Hidden Dimensions, and the Quest for the Ultimate Theory

Source: L’exposé des principes généraux d’administration, 1908, p. 911