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   Respectfully Quoted: A Dictionary of Quotations.  1989.
 
 
NUMBER:147
AUTHOR:Rexford Guy Tugwell (1891–1979)
QUOTATION:Most of those who say so easily that this is our way out do not, I am convinced, understand that fundamental changes of attitude, new disciplines, revised legal structures, unaccustomed limitations on activity, are all necessary if we are to plan. This amounts, in fact, to the abandonment, finally, of laissez faire. It amounts, practically, to the abolition of “business.”
ATTRIBUTION:REXFORD G. TUGWELL, “The Principle of Planning and the Institution of Laissez Faire,” paper presented at the 44th annual meeting of the American Economic Association.—The American Economic Review, vol. 22, no. 1, supplement, March 1932, p. 76.
SUBJECTS:Business
 
 
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