Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going.

The nature of technology depends very much upon what the public can be induced to put up with.

The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise.

It is the rate of investment which governs the rate of saving, and not vice versa.

The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all.

Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.

The first essential for economists ... is to ... combat, not foster, the ideology which pretends that values which can be measured in terms of money are the only ones that ought to count.