We turn to Marx, therefore, not because he is infallible, but because he is inescapable.
Robert HeilbronerCapitalism is the only society in human history in which neither tradition nor conscious direction supervises the total effort of the community; it is the only society in which the future, the needs for tomorrow, are entirely left to an automatic system.
Robert HeilbronerThe use of mathematics has brought rigor to economics. Unfortunately, it has also brought mortis.
Robert HeilbronerThe cure for capitalism's failing would require that a government would have to rise above the interests of one class alone.
Robert HeilbronerGrowth is the mantra of our society because the economy can't remain healthy without growth.Impregnable monopolies aside (and these are few), profits are both the hallmark of capitalism and its Achilles heel, for no business can permanently maintain its prices much above its costs. There is only one way in which profits can be perpetuated; a business-or an entire economy-must grow.
Robert Heilbroner