“With impressive proof on all sides of magnificent progress, no one can rightly deny the fundamental correctness of our economic system.”

—  Herbert Hoover

The New Day: Campaign Speeches of Herbert Hoover (1928)

Adopted from Wikiquote. Last update Sept. 14, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "With impressive proof on all sides of magnificent progress, no one can rightly deny the fundamental correctness of our …" by Herbert Hoover?
Herbert Hoover photo
Herbert Hoover 64
31st President of the United States of America 1874–1964

Related quotes

David Lloyd George photo

“There was something fundamentally wrong with our economic system. It was based upon injustice and could not last.”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

Leader of the Liberal Party in the House of Commons
Source: Speech to the Welsh National Liberal Federation in Rhyl (9 July 1926), quoted in The Times (10 July 1926), p. 16

“In spite of assigning little influence of economists' preachings on actual public policy, I do not believe that economists' influence is negligible. The reconciliation of these views lies in the fact that economists are scientists as well as preachers. Our science seeks to understand how economic institutions and economic systems work, and no informed person can deny that we have made much progress in this work.”

George Stigler (1911–1991) American economist

"The Effect of Government on Economic Efficiency." 1988

Nelson Mandela photo

“There must be an end to white monopoly on political power, and a fundamental restructuring of our political and economic systems to ensure that the inequalities of apartheid are addressed and our society thoroughly democratized.”

Nelson Mandela (1918–2013) President of South Africa, anti-apartheid activist

1990s, Our March to Freedom is Irreversible (1990)

August-Wilhelm Scheer photo

“There are two fundamental ways of (re-)engineering information systems. The “formal driven” approach is based on the goal of developing and implementing a technical correct running system. The “content driven” approach is based on the goal of developing and implementing an organizational correct running system. By using reference models, content and technology can be combined in a new way”

August-Wilhelm Scheer (1941) German business theorist

Source: ARIS architecture and reference models for business process management (2000), p. 376.

Gianfranco Fini photo

“Resistants were on the right side, Salò Republic's combatants on the wrong one. (…) One cannot equate who was fighting for a right cause of equality and freedom, and who, apart of goodfaith, was on the wrong side. (…) The judgement of the Right [on Fascism] have to be negative, due to freedom limitation. (…) We cannot deny ourselves history, and Fascism was a dictatorship that denied some fundamental freedoms.”

Gianfranco Fini (1952) Italian politician

cited in «La destra si riconosca nell'antifascismo» http://www.corriere.it/politica/08_settembre_13/fini_antifascismo_ccb8bcec-8175-11dd-95db-00144f02aabc.shtml, Il Corriere della Sera, 13 September 2008).

K. R. Narayanan photo

“Nehru's great passion was to change our society — the congealed society which we inherited from our own past, and from the static past of the British period. And, social change he connected with economic change. We could not change our society without changing our economic system and economic relations in society. His whole dream was that, his whole effort was in that direction. But the march of society, of social change has not been fast enough, nor fundamental enough so far. And, our inherited caste system remains with us, but it has been very badly battered. And, the conceptions behind the caste system have also been very badly damaged by policies, by the march of technology and economics, all these things. To some extent while this progressive movement was taking place, there was also, concurrently, some sort of counter-revolution, resisting it. But the overwhelming force of the progressive movement has been winning by and large. But now we have to specifically deal with many of the social ills and backwardness.”

K. R. Narayanan (1920–2005) 9th Vice President and the 10th President of India

Shri K. R. Narayanan President of India in Conversation with N. Ram on Doordarshan and All India Radio

Haile Selassie photo

“One cannot deny that in former times man's life had been one of toil and hardship. It is correct to say, therefore, that modern civilization and the progress of science have greatly improved man's life and have brought comfort and ease in their trail.”

Haile Selassie (1892–1975) Emperor of Ethiopia

Interview in The Voice of Ethiopia (5 April 1948) http://www.jah-rastafari.com/selassie-words/show-jah-word.asp?word_id=interview.
Context: One cannot deny that in former times man's life had been one of toil and hardship. It is correct to say, therefore, that modern civilization and the progress of science have greatly improved man's life and have brought comfort and ease in their trail. But civilization can serve man both for good as well as for evil purposes. Experience shows that it has invariably brought great dividends to those who use it for good purposes while it has always brought incalculable harm and damnation to those who use it for evil purposes. To make our wills obedient to good influences and to avoid evil, therefore, is to show the greatest wisdom. In order to follow this aim one must be guided by religion. Progress without religion is just like a life surrounded by unknown perils and can be compared to a body without a soul. All human inventions, from the most primitive tool to the modern atom, can help man greatly in his peaceful endeavours. But if they are put to evil purposes they have the capacity to wipe out the human race from the surface of the earth. It is only when the human mind is guided by religion and morality that man can acquire the necessary vision to put all his ingenuous inventions and contrivances to really useful and beneficial purposes.

Kim Stanley Robinson photo

“Continuous expansion is a fundamental tenet of economics. Therefore one of the fundamentals of the universe itself. Because everything is economics. Physics is cosmic economics, biology is cellular economics, the humanities are social economics, psychology is mental economics, and so on.”

Kim Stanley Robinson book Green Mars

His listeners nodded unhappily.
“So everything is expanding. But it can’t happen in contradiction to the law of conservation of matter-energy. No matter how efficient your throughput is, you can’t get an output larger than the input.”
Source: Green Mars (1993), Chapter 2, “The Ambassador” (pp. 76-77)

Michel Chossudovsky photo

“Global poverty is an "input" on the supply side; the global economic system feeds on cheap labor.”

Michel Chossudovsky (1946) Canadian economist

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 5, The Global Cheap-Labor Economy, p. 69 (See also: Rosa Luxemburg, Karl Marx)

“If all of the elements in a large system are loosely coupled to one another, then any one element can adjust to and modify a local a local unique contingency without affecting the whole system. These local adaptations can be swift, relatively economical, and substantial.”

Karl E. Weick (1936) Organisational psychologist

Source: 1970s, "Educational organizations as loosely coupled systems," 1976, p. 7

Related topics