The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.

It seems that neither the Keynesian nor the Marxian prognosis of the future of capitalism is being fulfilled and we are left without any particular theory as to what will happen next.

Whatever you can rightly say about India, the opposite is also true.

The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.

It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.

But, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.

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