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

Ideology is like breath: you never smell your own.

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

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

In general, the nightmare quality of Marx's thought gives it, in this bedevilled age, an air of greater reality than the gentle complacency of the orthodox academics. Yet he, at the same time, is more encouraging than they, for he releases hope as well as terror from Pandora's box, while they preach only the gloomy doctrine that all is for the best in the best of all possible worlds.

It seems that neither the Keynesian nor the Marxian prognosis of the future of capitalism is being fulfilled and we are left without any particular theory as to what will happen next.

Where is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?