“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 figure, may well stand for the complacent apologists of capitalism; Marx's penetrating insight and bitter hatred of oppression supply the arsenic, while the labour theory of value provides the incantations.” IfsGivingWellsMayValuesFiguresTheoryCapitalismHatredInsightOppressionBitterPlentyLabourSheepWitchcraftFlocksComplacentArsenic Book:Essay on Marxian Economics Source: Essay on Marxian Economics
“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 made, central control is far more flexible. It may take two months to get an answer to a letter from a government department, but it takes twenty years for an industry under private enterprise to readjust itself to a fall in demand.” YearsMayMadeTwoGovernmentFallAnswersMonthsIndustryDemandLettersTwentiesErrorsDetailsScalesDepartmentEnterpriseBureaucracyAdaptationFlexibleTwo MonthsLarge ScalePrivate Enterprise Book:Contributions to Modern Economics Source: Contributions to Modern Economics
“An economy may be in equilibrium from a short-period point of view and yet contain within itself incompatibilities that are soon going to knock it out of equilibrium.” MayViewsEconomyPeriodsPoint Of ViewEquilibriumIncompatibility Author:Joan Robinson
