Richard Theodore Ely was an American economist, author, and leader of the Progressive movement who called for more government intervention in order to reform what they perceived as the injustices of capitalism, especially regarding factory conditions, compulsory education, child labor, and labor unions. Ely is best remembered as a founder and the first Secretary of the American Economic Association, as a founder and secretary of the Christian Social Union, and as the author of a series of widely read books on the organized labor movement, socialism, and other social questions.
|The “natural laws of economics” are in fact tools in the hands of the avaricious and the greedy for keeping down and oppressing the laboring classes.||Economics, The Economy & Fiscal Affairs ;Capitalism|
|The doctrine of laissez faire is unsafe in politics and unsound in morals.||Morality, Ethics & Conflict of Interest|
|There is within man an ethical feeling ... telling us that in our economic life as well as elsewhere we must seek to promote the welfare of our neighbor and brother.||Morality, Ethics & Conflict of Interest|
|Whatever tends to preserve the wealth of the wealthy is conservatism, and whatever favors anything else, no matter what, they call socialism.||Liberals & Conservatives|