One of the main effects (I will not say purposes) of orthodox traditional economics was ... a plan for explaining to the privileged class that their position was morally right and was necessary for the welfare of society.

It is the rate of investment which governs the rate of saving, and not vice versa.

It's a terrible thing to be a worker exploited in the capitalist system. The only worse thing is to be a worker unable to find anyone to exploit you.

owning capital is not a productive activity.

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.

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

Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.