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

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.

Voltaire remarked that it is possible to kill a flock of sheep by witchcraft if you give them plenty of arsenic at the same time. The sheep, in this figure, may well stand for the complacent apologists of capitalism; Marx's penetrating insight and bitter hatred of oppression supply the arsenic, while the labour theory of value provides the incantations.

Unemployment is a reproach to a democratic government.

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

It is impossible to add the stock of money to the flow of saving.

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