Reality is never a golden age.

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.

owning capital is not a productive activity.

A sure sign of a crisis is the prevalence of cranks. It is characteristic of a crisis in theory that cranks get a hearing from the public which orthodoxy is failing to satisfy.

Reality is never a golden age.

The first essential for economists ... is to ... combat, not foster, the ideology which pretends that values which can be measured in terms of money are the only ones that ought to count.

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