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

A sure sign of a crisis is the prevalence of cranks. It is characteristic of a crisis in theory that cranks get a hearing from the public which orthodoxy is failing to satisfy.

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

Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.

Ideology is like breath: you never smell your own.

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

Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.