Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.

An economy may be in equilibrium from a short-period point of view and yet contain within itself incompatibilities that are soon going to knock it out of equilibrium.

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.

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

The only thing worse than being exploited by capitalism is not being exploited by capitalism.

The nature of technology depends very much upon what the public can be induced to put up with.

There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.