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.

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

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.

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

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

I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured.

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