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

Marxism is the opium of the Marxists.

Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.

It is the business of economists, not to tell us what to do, but show why what we are doing anyway is in accord with proper principles.

One of the main effects (I will not say purposes) of orthodox traditional economics was ... a plan for explaining to the privileged class that their position was morally right and was necessary for the welfare of society.

owning capital is not a productive activity.

A depression is a situation of self-fulfilling pessimism.