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

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.

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.

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.

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

Reality is never a golden age.

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