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Monetarism is not enough. - Keith Joseph
" "Monetarism is not enough.
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About Keith Joseph
Sir Keith Sinjohn Joseph, Baron Joseph, Bt, CH, PC (17 January 1918 – 10 December 1994), known as Sir Keith Joseph, 2nd Baronet, for most of his political life, was a British politician, intellectual and barrister. A member of the Conservative Party, he served as a minister under four prime ministers: Harold Macmillan, Sir Alec Douglas-Home, Edward Heath and Margaret Thatcher. He was a key influence in the creation of what came to be known as "Thatcherism". He was the first to introduce the concept of the social market economy into Britain, an economic and social system inspired by Christian democracy.
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Keith Sinjohn Joseph
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Additional quotes by Keith Joseph
The entrepreneur is the person who seeks to identify what consumers, at home or abroad or both, want and would be willing to buy at a profitable price. These entrepreneurs are the job-creators because it is they who gather the men and women, the material, the machinery, and the money to turn the vision of a market into a reality.
Low output a man, which is what overmanning comes to, means low pay a man. Overmanning does not protect British jobs except in the short-term. The jobs protected by it are German and Japanese jobs. Overmanning is a large part of the British disease and the Labour Government actually encourages it. The industrial strategy, a verbal smokescreen, may blather on about being competitive but nearly every action taken under it involves a subsidy from the taxpayer to overmanning.
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