It is the rate of investment which governs the rate of saving, and not vice versa.

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.

But, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.

Marxism is the opium of the Marxists.

In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation.

It is the rate of investment which governs the rate of saving, and not vice versa.

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