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:
“I became the Incredible Shrinking Mother the year they started junior high. If our relationship today depended on physical clout, I would have about the same influence with them that the republic of Liechtenstein has on world politics.”
—Mary Kay Blakely (20th century)
“Somewhere along the line of development we discover who we really are, and then we make our real decision for which we are responsible. Make that decision primarily for yourself because you can never really live anyone else’s life not even your child’s. The influence you exert is through your own life and what you become yourself.”
—Eleanor Roosevelt (1884–1962)
“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)