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:
“What do women want with votes, when they hold the sceptre of influence with which they can control even votes, if they wield it aright?”
—Mrs. H. O. Ward (1824–1899)
“A husband who submits to his wife’s yoke is justly held an object of ridicule. A woman’s influence ought to be entirely concealed.”
—Honoré De Balzac (1799–1850)
“Constitutional statutes ... which embody the settled public opinion of the people who enacted them and whom they are to govern—can always be enforced. But if they embody only the sentiments of a bare majority, pronounced under the influence of a temporary excitement, they will, if strenuously opposed, always fail of their object; nay, they are likely to injure the cause they are framed to advance.”
—Rutherford Birchard Hayes (1822–1893)