Louis O. Kelso Quotes About Technology

• Full employment is a socially hazardous goal. In effect, it aspires to restore through political expedients the pre-industrial state of toil that science, engineering, technology and modern management are pledged to overcome.

  Louis O. Kelso

  Wisdom, Technology, Engineering

  Louis O. Kelso, Patricia Hetter Kelso (1967). “Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals”, New York : Vintage Books

• 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?

  Louis O. Kelso

  Wisdom, Jobs, Technology

• Technology plows through history at an accelerating rate, shifting the burden of production off labor into the nonhuman factor because man uses his highest ingenuity to avoid servile labor.

  Louis O. Kelso

  Wisdom, Men, Technology

• The scarcity that afflicts the world is not the fault of either science or nature. The cause is defective economic institutions which abort technology's affluence producing potential.

  Louis O. Kelso

  Wisdom, Technology, Politics

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