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

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.

The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all.

I came away from the talk with the perception that the risk of adverse side effects is so much greater than the risk of cervical cancer, I couldn’t help but question why we need the vaccine at all.

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

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

Economic theorists should not make such a production about taking a rabbit out of a hat after having put the rabbit into the hat in full view of the audience.