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

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

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

It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.

Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going.

Capital' is not what capital is called, it is what its name is called.

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.