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

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

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

It is a popular error that bureaucracy is less flexible than private enterprise. It may be so in detail, but when large scale adaptations have to be made, central control is far more flexible. It may take two months to get an answer to a letter from a government department, but it takes twenty years for an industry under private enterprise to readjust itself to a fall in demand.

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.

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

we make a great fuss about national conscience, but it consists mainly in insisting upon everyone ascribing our national policy to highly moral motives, rather than in examining what our motives really are.