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A Humane Economy: The Social Framework of the Free Market

Wilhelm Röpke

Top 10 Best Quotes

“We need a combination of supreme moral sensitivity and economic knowledge. Economically ignorant moralism is as objectionable as morally callous economism. Ethics and economics are two equally difficult subjects, and while the former needs discerning and expert reason, the latter cannot do without humane values.”

“The questionable things of this world come to grief on their nature, the good ones on their own excesses.”

“However, and here we return again to our main theme, we would merely be deluding ourselves if we drew such a sharp dividing line between the realm of the spirit and the conditions of man's existence.”

“And since men obviously cannot live in a religious vacuum, they cling to surrogate religions of all kinds, to political passions, ideologies, and pipe dreams—unless, of course, they prefer to drug themselves with the sheer mechanics of producing and consuming, with sport and betting, with sexuality, with rowdiness and crime and the thousand other things which fill our daily newspapers”

“This brings me to the very center of my convictions, which, I hope, I share with many others. I have always been reluctant to talk about it because I am not one to air my religious views in public, but let me say it here quite plainly: the ultimate source of our civilization's disease is the spiritual and religious crisis which has overtaken all of us and which each must master for himself. Above all, man is Homo religiosus, and yet we have, for the past century, made the desperate attempt to get along without God, and in the place of God we have set up the cult of man, his profane or even ungodly science and art, his technical achievements, and his State. We may be certain that some day the whole world will come to see, in a blinding flash, what is now clear to only a few, namely, that this desperate attempt has created a situation in which man can have no spiritual and moral life, and this means that he cannot live at all for any length of time, in spite of television and speedways and holiday trips and comfortable apartments. We seem to have proved the existence of God in yet another way: by the practical consequences of His assumed non-existence.”

“The market economy is not everything. It must find its place in a higher order of things which is not ruled by supply and demand, free prices, and competition. It must be firmly contained within an all-embracing order of society in which the imperfections of and harshness of economic freedom are corrected by law and in which man is not denied conditions of life appropriate to his nature.”

“It is no use seeking salvation in institutions, programs, and projects. We shall save ourselves only if more and more of us have the unfashionable courage to take counsel with our own souls and, in the midst of all this modern hustle and bustle, to bethink ourselves of the firm, enduring, and proved truths of life.”

“It is economism to allow material gain to obscure the danger that we may forfeit liberty, variety, and justice and that the concentration of power may grow, and it is also economism to forget that people do not live by cheaper vacuum cleaners alone but by other and higher things which may wither in the shadows of giant industries and monopolies.”

“It is a poor species of human being which this grim vision conjures up before our eyes: “fragmentary and disintegrated” man, the end product of growing mechanization, specialization, and functionalization, which decompose the unity of human personality and dissolve it in the mass, an aborted form of Homo sapiens created by a largely technical civilization, a race of spiritual and moral pygmies lending itself willingly—indeed gladly, because that way lies redemption—to use as raw material for the modern collectivist and totalitarian mass state.”

“As we approach the limits of reasonable consumption, the cult of the standard of life must end up in disillusionment and eventual repugnance.”

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Book Keywords:

salvation, economic-philosophy, liberty, materialism-versus-spiritualism, capitalism, social-economics, economism, economic-freedom, welfare-state, standard-of-living, materialistic-society, god, welfare, market-economy, consumption, evil, materialism, economics, industry, ordoliberalism, purposeful-living, nature, higher-truth, soul, excess, socialism, soul-searching, free-market, good

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