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 ….

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

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

Reality is never a golden age..

There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he….

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 ….

It is a popular error that bureaucracy is less flexible than private enterprise. It may be so in detail, but when large scale adaptations have to be ….

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

Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universa….

Unemployment is a reproach to a democratic government..

Ideology is like breath: you never smell your own..

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..

Voltaire remarked that it is possible to kill a flock of sheep by witchcraft if you give them plenty of arsenic at the same time. The sheep, in this ….

Progress is slow partly from mere intellectual inertia. In a subject where there is no agreed procedure for knocking out errors, doctrines have a lon….

Marxism is the opium of the Marxists..

Whatever you can rightly say about India, the opposite is also true..

If a rise in wages does not raise prices, a fall will not reduce them..

science progresses by trial and error, and when it is forbidden to admit error there can be no progress..

I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had alrea….

The point of studying economics is so as not to be fooled by economists..

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..