“The principle of laissez-faire may be safely trusted to in some things but in many more it is wholly inapplicable; and to appeal to it on all occasions savors more of the policy of a parrot than of a statesman or a philosopher.”

— John Ramsay McCulloch

John Ramsay McCulloch (1848; 156), cited in: Roderick Floud, et al. (2014), The Cambridge Economic History of Modern Britain, Volume 1. p. 363

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John Ramsay McCulloch 5

Scottish economist, author and editor 1789–1864

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