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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.

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

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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.

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" 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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