Influence
A superb phrase maker and popularizer, he had a major impact on Franklin D. Roosevelt. For example, FDR's talk of a nation "one-third ill-fed, ill-clothed, ill-housed" used one of Catchings' expressions.
With Foster, he was one of the leading pre-Keynesian economists, in the underconsumptionist tradition, advocating similar issues to Keynes such as the paradox of thrift and economic interventionism. The two are now rarely mentioned in contemporary economics texts, standing as they do in the shadow of Keynes's The General Theory.
Read more about this topic: Waddill Catchings
Famous quotes containing the word influence:
“The adolescent does not develop her identity and individuality by moving outside her family. She is not triggered by some magic unconscious dynamic whereby she rejects her family in favour of her peers or of a larger society.... She continues to develop in relation to her parents. Her mother continues to have more influence over her than either her father or her friends.”
—Terri Apter (20th century)
“We should be blessed if we lived in the present always, and took advantage of every accident that befell us, like the grass which confesses the influence of the slightest dew that falls on it; and did not spend our time in atoning for the neglect of past opportunities, which we call doing our duty.”
—Henry David Thoreau (1817–1862)
“A healthy soul stands united with the Just and the True, as the magnet arranges itself with the pole, so that he stands to all beholders like a transparent object betwixt them and the sun, and whoso journeys towards the sun, journeys towards that person. He is thus the medium of the highest influence to all who are not on the same level.”
—Ralph Waldo Emerson (1803–1882)