The only thing worse than being exploited by capitalism is not being exploited by capitalism.

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.

If there is any law governing the distribution of income between classes, it still remains to be discovered.

There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes.

Voltaire remarked that it is possible to kill a flock of sheep by witchcraft if you give them plenty of arsenic at the same time. The sheep, in this figure, may well stand for the complacent apologists of capitalism; Marx's penetrating insight and bitter hatred of oppression supply the arsenic, while the labour theory of value provides the incantations.

Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.

The point of studying economics is so as not to be fooled by economists.