“The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.” FirstsPastOrderPoliticsNatureCommunityDifferencesWorkMoneyAcceptingHistoryEconomyGenerationsHuman NaturePolicyEternalCapitalismEconomicsRegardFundamentalsStrategySocialismPassingPassingsTraditionalOrthodoxTransitionCapitalistPhasesSocialistEconomistSocialist Economy Book:Essay on Marxian Economics Source: Essay on Marxian Economics
“In general, the nightmare quality of Marx's thought gives it, in this bedevilled age, an air of greater reality than the gentle complacency of the orthodox academics. Yet he, at the same time, is more encouraging than they, for he releases hope as well as terror from Pandora's box, while they preach only the gloomy doctrine that all is for the best in the best of all possible worlds.” WorldGivingWellsRealityAgeQualityGreaterAirTerrorBoxesDoctrineReleaseGentleNightmareOrthodoxComplacencyGloomyPandoraPandora's Box Author:Joan Robinson
“The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise.” LastsClearEffectsCenturyMessagesStandardsEconomicsGoldTradeProfitPursuitDoctrineEnterpriseOrthodoxQuartersDominantNineteenth CenturyFree TradePrivate EnterpriseGold Standard Book:Economic heresies: some old-fashioned questions in economic theory Source: Economic heresies: some old-fashioned questions in economic theory
“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 position was morally right and was necessary for the welfare of society.” PurposeClassPlansEffectsPositionEconomicsTraditionalWelfareOrthodoxPrivilegedExplaining Author:Joan Robinson
