"The trend of employment is towards a high level, and a recurrence of chronic mass unemployment is most unlikely. The Keynesian techniques are now well understood, and there is no reason to fear a repetition of the New Deal experience of a government with the will to spend its way out of a recession, but frustrated in doing so by faulty knowledge. The political pressure for full employment is stronger than ever before; the experience of the inter-war years bit so deeply into the political psychology of the nation that full employment, if threatened, would always constitute the dominant issue at any election, and no right-wing party could now survive a year in office if it permitted the figures of unemployment which were previously quite normal."
React to this quote
More by Anthony Crosland
See allResonant Thoughts
"...if wheat were at this moment subject to a duty of twenty shillings the quarter, and if Indian corn were virtually excluded, next winter would not pass without a convulsion endangering the whole fra…"
"You are suffering from the unrestricted imports of cheaper goods. You are suffering also from the unrestricted immigration of the people who make these goods. ...The evils of immigration have increase…"
Explore Further
Related Quotes
"That books do not take the place of experience, and that learning is no substitute for genius, are two kind…"
— Arthur Schopenhauer"Strange enlightenments are vouchsafed to those who seek the higher places."
— Brian O'Nolan"Wherever there is the slightest possibility for the human mind to know, there is a legitimate problem of sc…"
— Karl Pearson"The fact that a gene must be switched on to form a long-term memory shows clearly that genes are not simply…"
— Eric Kandel"Let us be honest. Did all the priests of Rome increase the mental wealth of man as much as Bruno? Did all t…"
— Robert G. Ingersoll"We will work closely with our coalition to deny terrorists and their state sponsors the materials, technolo…"
— George W. Bush
