Unemployment is a reproach to a democratic government.

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.

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

But, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.

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.

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

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