Monday, January 5, 2009

Quote of the Day - Totalitarianism

Nevertheless the theory of output as a whole, which is what the following book purports to provide, is more easily adapted to the conditions of a totalitarian state, than is the theory of the production and distribution of a given output under conditions of free competition and a large measure of laissez-faire.

- John Maynard Keynes, Preface to The General Theory, September 7, 1936