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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.

— Eric Roll, Baron Roll of Ipsden A History of Economic Thought (1939)

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More quotes by Eric Roll, Baron Roll of Ipsden

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,,"

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It is generally conceded that trade and travelers paved the way for capitalistic philosophy further and international industry.

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Ideas appropriate to a past social order have a strange power of influencing thought and action within a later institutional frame work.

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