The very nature of economics is rooted in nationalism. ... It [was] developed ... in the hope of throwing light upon questions of policy. But policy means nothing unless there is an authority to carry it out, and authorities are national.

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

The point of studying economics is so as not to be fooled by economists.

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.

Marx, however imperfectly he worked out the details, set himself the task of discovering the law of motion of capitalism, and if there is any hope of progress in economics at all, it must be in using academic methods to solve the problems posed by Marx.

If there is any law governing the distribution of income between classes, it still remains to be discovered.

Unemployment is a reproach to a democratic government.