Ideology is like breath: you never smell your own.

New ideas are difficult just because they are new. Repetition has somehow plastered over the gaps and inconsistencies in the old ones, and the new cannot penetrate.

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

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

Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.

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

Reality is never a golden age.