Edmund Phelps Quotes

Understanding capitalism is in some ways simple. At its best, capitalism rewards creators, makers and providers: the people and firms that create valuable things for others, like imaginative technologies and good food, cars and drugs.

Capitalism does a number of things very well: it helps create an entrepreneurial spirit; it gets people motivated to come up with new ideas, and that's a good thing.

Capitalism without capital is just an ism.

Capitalism is that form of private property economy in which innovations are carried out by means of borrowed money.

I love capitalism. It rewards me for being brave - it awards me for being innovative and thinking out of the box.

I've been dedicated to the proposition that there's been no greater wealth-creation system in the history of mankind than the American free-enterprise system.

Doing well is the result of doing good. That's what capitalism is all about.

I think that so-called capitalism and trade is a very important element in giving people opportunity.

Profit, wealth creation, competition - these are not dirty words but the lifeblood of a dynamic economy.

Capitalism is the engine that has grown economies.

Capitalism historically has been a very dynamic force, and behind that force is technical progress, innovation, new ideas, new products, new technologies, and new methods of managing teams.

Capitalism believes that its remit is exclusively to make maximum short-term profits.

Capitalism works.

Markets can do many wonderful things, which is why I'm glad to live in a capitalist country.

The great thing about capitalism is that it's a system that works.

I'm a capitalist. I believe that people take risk, and there are rewards if they do well; they should lose if they don't.

In America, business is the first object in view at all times, and rightly it should be so.

The business of America is business.

So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.

Our markets have not achieved their great successes as a result of government fiat, but rather through efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.

No economic system is perfect. But the American Free Enterprise system has empowered millions of people in the past. I know, because I saw it with my own eyes.

Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.

[Capitalism] has acquired the occult ability to add value to itself. It brings forth living offspring or at the least lays golden eggs.

The free enterprise system does not leave people behind.

When the forces of liberalism and capitalism converge, change happens.