Skip to content
quotesby

About this quote

What does it mean?
Economic policies are tools used to achieve deeper cultural or moral transformation.
In plain terms
Use money and rules to change how people think and feel.
What can you take from it?
Policy should aim for cultural change, not just economic numbers.

Where it applies

  • policy debates
  • economic reform discussions
  • leadership strategy

Putting it to work

  • link policy to values
  • consider cultural impacts of economics

Questions to consider

  • Can economics change hearts?
  • What is the ultimate goal of policy?

Another view

Reducing economics to a method for soul-changing may ignore material needs.

More from Margaret Thatcher

  1. To those waiting with bated breath for that favourite media catchphrase, the U-turn, I have only one thing to say: You turn if you want to. [laughter] The lady…

    Permalink to quote #17
  2. My policies are based not on some economics theory, but on things I and millions like me were brought up with: an honest day's work for an honest day's pay; li…

    Permalink to quote #19
  3. Gentlemen, there is nothing sweeter than success, and you boys have got it!

    Permalink to quote #16

Related quotes

  1. In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It …

    John Kenneth GalbraithJohn Kenneth Galbraith quote #1
  2. Obviously, crime pays, or there'd be no crime.

    G. Gordon LiddyG. Gordon Liddy quote #1
  3. Each generation's job is to question what parents accept on faith, to explore possibilities, and adapt the last generation's system of values for a new age.

    Frank PittmanFrank Pittman quote #4