For one who has read the works of Marx it is frightening to look back at the grim determination with which so many nations steadfastly hewed to the very course which he insisted would lead to their undoing.
Chapter VI, Karl Marx, p. 158
Even today-in blithe disregard to his actual philosophy- Smith is generally regarded as a conservative economist, whereas in fact, he is more avowedly hostile to the motives of businessman then most New Deal economists.Robert Heilbroner
David Ricardo saw that the escalator worked with different effects on different classes, that some rode triumphantly to the top, while others were carried up a few steps and then kicked back down to the bottom.Robert Heilbroner
But like Marx , Veblen badly underestimated the capacity of a democratic system to correct its own excesses.Robert Heilbroner
Unlike modern man, who dreams of the world he will make, pre-modern man dreamed of the world he left.Robert Heilbroner
There was no simple riddance to the power of a dangerous political idea; no assassination possible to avert a disruptive change in technology; no natural death to be counted on to stop an economic change that ripped up ancestral estates or stirred up class discontent.Robert Heilbroner
The basic function of the military to achieve victory over the enemy has been rendered obsolete by the fact that "victory" and defeat are almost certain to be achieved simultaneously.Robert Heilbroner