''Even a modest Basic Income program could become a stepping-stone toward the most profound transformation of all: to unlatch work from livelihood entirely.'' -David Graeber

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today." -Lawrence J. Peter

''The Deep State is reacting with shock at how this right-wing real estate grifter has been able to drive other countries to defend themselves by dismantling the U.S.-centered world order.'' -Michael Hudson

Good community on my Discord Server all are welcomed! discord.gg/QVGqVCVC5

''It should first be stated that a joint-stock company is not a 'brotherhood of shareholders' but is managed by a controlling group of big shareholders while the rest of the shareholders do not differ from holders of bonds with a flexible rate of interest.'' -Michał Kalecki

"There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen." -Frédéric Bastiat

''In truth, the gold standard is already a barbarous relic.'' -John Maynard Keynes

''There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes.'' -Joan Robinson

''Most World Bank loans are for transportation, roads, harbor development and other infrastructure needed to export minerals and plantation crops. The World Bank doesn’t make loans for projects that help the country develop in its own currency.'' -Michael Hudson

''The great tragedy of the global economic malaise is that it is caused by a shortage of something that is essentially costless to produce: money.'' -Steve Keen

"Such a secondary depression caused by an induced deflation should of course be prevented by appropriate monetary counter-measures. Though I am sometimes accused of having represented the deflationary cause of the business cycles as part of the curative process" -Friedrich Hayek

''It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.'' -John Kenneth Galbraith

"If we wished to have a complete solution of the problem in all its natural complexity, we should have treat it as a problem of motion - a problem of dynamics" -William Stanley Jevons

You can catch up with me on my Discord. discord.gg/KraQJANV

Capitalism's body count is rarely discussed because its victims are written off as the cost of doing business. Millions were shipped across the Atlantic as slaves because human beings generated extraordinary returns on capital. 1/11

''The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.'' -John Maynard Keynes

"What is a debt, anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence." -David Graeber

"The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated." -John Kenneth Galbraith

"Economics limps along with one foot in untested hypotheses and the other in untestable slogans." -Joan Robinson

My latest article on International Trade. relearningeconomics.com/posts/beyond...

"It is absurd to assume that, for any long period of time, the variables in the economic organization, or any part of them, will stay put in perfect equilibrium, as to assume that the Atlantic Ocean can ever be without a wave." -Irving Fisher

"Corn is a necessary, silver is only a superfluity." -Adam Smith

"The fact is that our theories of rationality in economic behavior rest upon introspection. We are as apt to deceive ourselves about the prudence and rationality of our plans as about their moral worth." -Kenneth Arrow

"The decline of the West is not necessary or historically inevitable. It is the result of choosing policies dictated by its rentier interests." -Michael Hudson

"The most important Agenda of the State relate not to those activities which private individuals are already fulfilling, but to those functions which fall outside the sphere of the individual" -John Maynard Keynes

“Most finance goes back into finance, insurance and real estate rather than into productive uses. The acronym for this is FIRE (finance, insurance, real estate)” -Mariana Mazzucato

"When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals." -John Maynard Keynes

"One might even say that it's one of the scandals of capitalism that most capitalist firms, internally, operate communistically." -David Graeber

"Rather like the Bible is for many Christians, the General Theory is the essential economics reference which few economists have ever read." -Steve Keen

''Progress is slow partly from mere intellectual inertia. In a subject (economics) where there is no agreed procedure for knocking out errors, doctrines have a long life.'' -Joan Robinson

"In economic theory the conclusions are sometimes less interesting than the route by which they are reached." -Piero Sraffa

"In a sense the budget deficit can be considered as an artificial export surplus." -Michał Kalecki

"In a sense the budget deficit can be considered as an artificial export surplus." -Michał Kalecki

"Anyone who believes that exponential growth can go on forever in a finite world is either a madman or an economist." -Kenneth Boulding

“In fact, there is not a single key technology behind the iPhone that has not been State-funded.” -Mariana Mazzucato

"Marxian Socialism must always remain a portent to the historians of Opinion—how a doctrine so illogical and so dull can have exercised so powerful and enduring an influence over the minds of men, and, through them, the events of history." -John Keynes

Rare video footage of John Maynard Keynes‼️ "But they must not allow anyone to put them back in the gold cage, where they have been pining our hearts out all these years"

"How can great minds be produced in a country where the test of a great mind is agreeing in the opinions of small minds?" -John Stuart Mill

"The worker has become a commodity, and it is a bit of luck for him if he can find a buyer, And the demand on which the life of the worker depends, depends on the whim of the rich and the capitalists." -Karl Marx

"As soon as the land of any country has all become private property, the landlords like to reap where they never sowed." –Adam Smith

"Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits." -Hyman Minsky

"Money is nothing more than a form of debt, which is to say a commitment to pay money at some time in the future. The whole system is therefore fundamentally circular and self-referential. There is nothing underneath, as it were, holding it up." -Perry Mehrling

A visual representation of New Keynesian economists trying to make DSGE models fit reality: add a friction, add another friction, add another friction... then take their ball home and quit. 1/4

My latest article. relearningeconomics.com/posts/econom...

"Economic privation proceeds by easy stages, and so long as men suffer it patiently the outside world cares little." -John Maynard Keynes

''The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.'' -John Kenneth Galbraith

"In fact, our standard account of monetary history is precisely backwards. We did not begin with barter, discover money, and then eventually develop credit systems. It happened precisely the other way around." -David Graeber

"It is not a correct deduction from the Principles of Economics that enlightened self-interest always operates in the public interest. Nor is it true that self-interest generally is enlightened." -John Maynard Keynes

Going live in 30 minutes! www.youtube.com/live/Uy7fNRF...

"Both science and art have to do with ordered complexity." -Lancelot Law Whyte