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.

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

If a rise in wages does not raise prices, a fall will not reduce them.

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

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

It's a terrible thing to be a worker exploited in the capitalist system. The only worse thing is to be a worker unable to find anyone to exploit you.

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