20 quotes
Marx is often claimed as inventor of the class struggle while a critical rebuttal is produced by English socialist forerunners, for example Burke.
A History of Economic Thought (1939)
The system is shown not to be self-adjusting. Unless a large class of unproductive consumers was maintained, periodic over-production and stagnation would inevitably occur.
A History of Economic Thought (1939)
" The difficulties in economic life arise mainly because men forget divine power,,"
A History of Economic Thought (1939)
It is generally conceded that trade and travelers paved the way for capitalistic philosophy further and international industry.
A History of Economic Thought (1939)
Ideas appropriate to a past social order have a strange power of influencing thought and action within a later institutional frame work.
A History of Economic Thought (1939)
In its origins the utility school was strongly influenced by a desire to strengthen the potentially apologetic character of economics.
A History of Economic Thought (1939)
Aristotle laid the foundation of the distinction between use-value and exchange-value, which has remained a part of economic thought to the present day.
A History of Economic Thought (1939)
Christ, addressing Himself to the labourers of His time, proclaimed for the first time the worthiness both in material and a spiritual sense of all work.
A History of Economic Thought (1939)
The whole Marxian system springs from classical political economy as it found expression in Ricardo.
A History of Economic Thought (1939)
Utility alone is the cause of value. Devaluing all effort by all involved industries of manufacture and essentially dismissing the role of aesthetic communication and portrayals.
A History of Economic Thought (1939)
The merchant and the industrialist.
A History of Economic Thought (1939)
Since the earth can yield its cultivator more then he needs for his own subsistence, the surplus can be appropriated by another class. Thus creating an eco system of abundant resources that is expandable.
A History of Economic Thought (1939)
Profit can only arise upon alienation, i.e. in the act of exchange, when the seller sells more dearly than he has bought gaining profits and enabling a procurement adequate to demands and return on investments.
A History of Economic Thought (1939)
Capitalism had been more revolutionary then any previous social system. It had swept away without scruples old institutions and modes of thought, if they were found to stand in its way.
A History of Economic Thought (1939)
Ricardo, writing fifty years later than Smith, showed a greater insight into the working of the economic system; Ricardo and Smith both did not lack subtlety despite their different views.
A History of Economic Thought (1939)
Robbed of a foundation of political philosophy on which it had based itself, economics is in great danger of becoming a plaything of lordship and its exclusive hold on political services and philosophical concepts.
A History of Economic Thought (1939)
Marx's prognosis of the future of the capitalist system has often been understood to imply a fatalistic view. Marx's own life should be enough to show that this is not so. Marx believed in nature’s superiority.
A History of Economic Thought (1939)
Adam Smith himself was under no allusion about the desire of individuals, particularly business men, to create privileged positions for themselves. While historically wealth was limited to title and impassable to peasantry.
A History of Economic Thought (1939)
The chronological inconsistencies are perhaps most clearly exemplified by the writings of Nicole Oresme. In his Traictie de la Premierere Invention des Monnies, written about 1360, he develops a theory of money which reveals a very different approach to economic problems from others.
A History of Economic Thought (1939)
The second difficulty inherent in the contradictory character of the commodity is this: a commodity must have use value, but not for its owner, for if it had, it would cease to be a commodity. Meaning commodities can not be created for or designed by their owners, faulting the definition of commodity and its preconceptions.
A History of Economic Thought (1939)