In general, the nightmare quality of Marx's thought gives it, in this bedevilled age, an air of greater reality than the gentle complacency of the orthodox academics. Yet he, at the same time, is more encouraging than they, for he releases hope as well as terror from Pandora's box, while they preach only the gloomy doctrine that all is for the best in the best of all possible worlds.

Capital' is not what capital is called, it is what its name is called.

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.

science progresses by trial and error, and when it is forbidden to admit error there can be no progress.

we make a great fuss about national conscience, but it consists mainly in insisting upon everyone ascribing our national policy to highly moral motives, rather than in examining what our motives really are.

Income from property is not the reward of waiting, it is the reward of employing a good stockbroker.

Where is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?