Frederick Soddy Quotes


The energy available for each individual man is his income, and the philosophy which can teach him to be content with penury should be capable of teaching him also the uses of wealth.


Citations

Soddy, Frederick. Matter and Energy. Williams and Norgate, 1912, p. 251.

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He was expressing his cynicism about deficit spending leading affluence. However, those who advocate government counter-cyclical spending have never advocated constant deficit spending, but have urged deficit spending for specific periods and when the economy has turned around, stopping the spending and reducing the deficit.


Frederick Soddy
Frederick Soddy
  • Born: September 2, 1877
  • Died: September 22, 1956
  • Nationality: British
  • Profession: Scientist

Frederick Soddy FRS was an English radiochemist who explained, with Ernest Rutherford, that radioactivity is due to the transmutation of elements, now known to involve nuclear reactions. He also proved the existence of isotopes of certain radioactive elements. He was a polymath who mastered chemistry, statistical mechanics, finance and economics.