It is impossible to add the stock of money to the flow of saving.

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.

Unemployment is a reproach to a democratic government.

economics limps along with one foot in untested hypotheses and the other in untestable slogans.

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

Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.

It is the business of economists, not to tell us what to do, but show why what we are doing anyway is in accord with proper principles.