If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.

The Class war will find me on the side of the educated bourgeoisie.

The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.

I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.

For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.

What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!

Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.