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:
“It behooves every man to see that his influence is on the side of justice, and let the courts make their own characters.”
—Henry David Thoreau (1817–1862)
“Modern Western thought will pass into history and be incorporated in it, will have its influence and its place, just as our body will pass into the composition of grass, of sheep, of cutlets, and of men. We do not like that kind of immortality, but what is to be done about it?”
—Alexander Herzen (1812–1870)
“Standing armies can never consist of resolute robust men; they may be well-disciplined machines, but they will seldom contain men under the influence of strong passions, or with very vigorous faculties.”
—Mary Wollstonecraft (1759–1797)