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

Income from property is not the reward of waiting, it is the reward of employing a good stockbroker.

At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under seperate national governments - there is an ever-changing pattern of deficits and surpluses.

Rosa Luxemburg maintained that the capitalist system can keep up its rate of investment (and therefore its profits) only so long as it is expanding geographically.

Utility is a metaphysical concept of impregnable circularity; utility is the quality in commodities that makes individuals want to buy them, and the fact that individuals want to buy commodities shows that they have utility.

If a rise in wages does not raise prices, a fall will not reduce them.

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