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

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.

When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.

If there is any law governing the distribution of income between classes, it still remains to be discovered.

The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all.

There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes.

A depression is a situation of self-fulfilling pessimism.