Meaning: This quote by Friedrich List addresses the concept of the relationship between the individual and the collective in the context of economic and social development. List was a German economist, who is known for his work on the theory of national economy and his advocacy for protective tariffs as a means of fostering economic development. In this quote, List emphasizes the interdependence between the individual and society, highlighting the idea that the general welfare should guide and constrain the actions of individuals, while also acknowledging that individuals draw strength and support from the broader social structure.

The concept of "general welfare" refers to the well-being and prosperity of the entire society. List suggests that the pursuit of individual interests and ambitions must be balanced and aligned with the interests of the broader community. This notion reflects a belief in the importance of social cohesion and solidarity, where the welfare of the collective is considered alongside individual pursuits. It also implies that there are limits to individual freedom and actions, as they should not conflict with the welfare of the society as a whole.

List's assertion that individuals "must derive a supply of their strength from social power" underscores the idea that individuals do not operate in isolation, but rather are interconnected with and reliant on the broader social framework. This can be interpreted in various ways, including the notion that individuals benefit from the resources, opportunities, and support provided by society. It also suggests that the collective power and influence of society play a crucial role in shaping and enabling the endeavors of individuals. In this sense, List emphasizes the symbiotic relationship between the individual and the collective, where each influences and sustains the other.

From an economic perspective, List's quote can be seen as a reflection of his support for the role of the state in guiding and regulating economic activities for the collective good. List was a proponent of protective tariffs and government intervention in the economy to promote industrialization and national development. His ideas challenged the classical liberal notion of unrestricted free trade and emphasized the importance of considering the national interest in economic policy.

In contemporary contexts, List's quote can be related to debates about the balance between individual freedom and social responsibility. It raises questions about the role of government and institutions in ensuring the welfare and well-being of all members of society while also respecting individual liberties. The quote also resonates with discussions about the impact of globalization and free-market capitalism on social welfare and inequality, as it calls attention to the need for a balanced approach that considers both individual and collective interests.

Overall, Friedrich List's quote encapsulates the idea that the welfare of the individual and the welfare of society are interconnected and interdependent. It underscores the significance of balancing individual aspirations with the broader interests of the community and recognizing the mutual reliance between the individual and the collective. List's insights continue to offer thought-provoking perspectives on the dynamics of power, responsibility, and mutual support in the realms of economics and society.