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

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

The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.

Reality is never a golden age.

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

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.

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