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Eric Roll

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Robbed of a foundation of political philosophy on which (how ever illegitimately) it had based itself, economics is in great danger of becoming a plaything of demagogy.
--
Conclusion, p. 414

 
Eric Roll

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The adjective “political” in “political philosophy” designates not so much the subject matter as a manner of treatment; from this point of view, I say, “political philosophy” means primarily not the philosophic study of politics, but the political, or popular, treatment of philosophy, or the political introduction to philosophy—the attempt to lead qualified citizens, or rather their qualified sons, from the political life to the philosophic life.

 
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Idealism is like a castle in the air if it is not based on a solid foundation of social and political realism.

 
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In a market-based labor contract, there is no exploitation. People come to agreement based on their own perceptions of mutual benefit. A person who believes it is better to work for $1 an hour rather than sit at home doing nothing is free to make that contract. In fact, a person who works for a negative wage – who pays for an internship, for example – is free to make that deal too.
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The Reservoir plan is an engineering mechanism applied to the field of economics, and in its essence it has nothing to do with democracy or any other political philosophy.

 
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