Unemployment Quotes (2 quotes)
If we follow the advice of these people [who oppose nuclear power, increased strip-mining and stepped-up off-shore oil exploration], we might as well go back into the cave right away. There would be incredible unemployment. Food production would be cut severely. In that direction lies catastrophe.
My decision to leave applied mathematics for economics was in part tied to the widely-held popular belief in the 1960s that macroeconomics had made fundamental inroads into controlling business cycles and stopping dysfunctional unemployment and inflation.