owning capital is not a productive activity.

Economic theorists should not make such a production about taking a rabbit out of a hat after having put the rabbit into the hat in full view of the audience.

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

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 purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

Reality is never a golden age.