Aberration Quote by John Kenneth Galbraith

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…

— Joan Robinson

“In an advanced industrial society it becomes almost impossible to seek, even to imagine, unemployment as a condition for autonomous, useful work. The infrastructure…

— Ivan Illich

Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the…

— Paul Ormerod

We need to abandon the economist's notion of the economy as a machine, with its attendant concept of equilibrium. A more helpful way of…

— Paul Ormerod

Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in…

— Paul Krugman

It is idleness that is the curse of man - not labour. Idleness eats the heart out of men as of nations, and consumes…

— Samuel Smiles

“Production is carried on for profit, not for use. There is no provision that all those able and willing to work will always be…

— Albert Einstein

“The economic system barely functions as it is—I mean, the contemporary economic system is a complete catastrophe, an absolutely catastrophic failure. For instance, the…

— Noam Chomsky

“It is a misconception to think of the function or result of machines as primarily one of creating jobs . The real result of…

— Henry Hazlitt

“Housework, handicrafts, subsistence agriculture, radical technology, learning exchanges, and the like are degraded into activities for the idle, the unproductive, the very poor, or…

— Ivan Illich

“Keynes declared capitalism the best system ever devised to achieve a civilized economic society. But he recognized in it two major faults—“its failure to…

— Robert B. Reich

For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And, for society as a…

— Barry Eichengreen