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Louis O. Kelso Quotes: The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input.
         

The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input.


Louis O. Kelso
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Other quotes of Louis O. Kelso


Everyone should own a piece of the wealth-producing capital of this country, but not everyone can be a manager. Or should be.

Everyone should own a piece of the wealth-producing capital of this country, but not everyone can be a manager. Or should be.



Labor is the source of subsistence, capital is the source of affluence. My idea is to make everyone a capitalist, and therefore, financially secure.

Labor is the source of subsistence, capital is the source of affluence. My idea is to make everyone a capitalist, and therefore, financially secure.



The uneasy ghost of Marx must suffer the torments of the damned at the truth glaring from the pages of history that one does not abolish property by transferring it to the state.

The uneasy ghost of Marx must suffer the torments of the damned at the truth glaring from the pages of history that one does not abolish property by transferring it to the state.



Hard-core structural poverty has a counterpart at the apex: hard-core structural affluence.

Hard-core structural poverty has a counterpart at the apex: hard-core structural affluence.



The point is to make the pie grow faster and distribute the new growth more equitably.

The point is to make the pie grow faster and distribute the new growth more equitably.



There is no future for those who cannot or will not think.

There is no future for those who cannot or will not think.



Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.

Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.



Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs?

Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs?



We have an economic policy that is just about 10,000 years out of date.

We have an economic policy that is just about 10,000 years out of date.



The way the system now works, credit is extended to those who don't need it and denied to those who are in desperate need of it.

The way the system now works, credit is extended to those who don't need it and denied to those who are in desperate need of it.





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Giving love to someone sometimes happens without thought or control.

Giving love to someone sometimes happens without thought or control.



We wouldn't have much need of a war if people stopped using drugs. It's like taking up a fight against the use of headache remedies

We wouldn't have much need of a war if people stopped using drugs. It's like taking up a fight against the use of headache remedies



Choices are made before explanations, whether or not we care to know it.

Choices are made before explanations, whether or not we care to know it.



I don't like writers. They're dangerous people.

I don't like writers. They're dangerous people.



Stately as a galleon, I sail across the floor,Doing the military two-step, as in the days of yore.

Stately as a galleon, I sail across the floor,Doing the military two-step, as in the days of yore.



I know nothing of the science of astrology and I consider it to be a science, if it is a science, of doubtful value, to be severely left alone by those who have any faith in Providence.

I know nothing of the science of astrology and I consider it to be a science, if it is a science, of doubtful value, to be severely left alone by those who have any faith in Providence.



Come with me if you want to live!

Come with me if you want to live!



Early on I decided that I was going to lie to the press. The best approach to talking about my personal life was to lie.

Early on I decided that I was going to lie to the press. The best approach to talking about my personal life was to lie.



My skin's too white." she said. Says who, Snow White?" he said, touching her cheek lightly with one hand.

My skin's too white." she said. Says who, Snow White?" he said, touching her cheek lightly with one hand.




Quote Description


This page presents the quote "The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input.". Author of this quote is Louis O. Kelso. This quote is about output, myth, rising, labor, politics, input, illusion, wisdom, measuring,.