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

Progress is slow partly from mere intellectual inertia. In a subject where there is no agreed procedure for knocking out errors, doctrines have a long life. A professor teaches what he was taught, and his pupils, with a proper respect and reverence for teachers, set up a resistance against his critics for no other reason than that it was he whose pupils they were.

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

Whatever you can rightly say about India, the opposite is also true.

When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.

Marxism is the opium of the Marxists.

An economy may be in equilibrium from a short-period point of view and yet contain within itself incompatibilities that are soon going to knock it out of equilibrium.