Eric Roll

"Robbed of a foundation of political philosophy on which it had based itself, economics is in great danger of becoming a plaything of demagogy."

"Adam Smith himself was under no allusion about the desire of individuals, particularly business men, to create privileged positions for themselves."

"The chronological inconsistencies are perhaps most clearly exemplified by the writings of Nicole Oresme. In his Traictie de la Premierere Invention des Monnies, written about 1360, he develops a theor…"

"The difficulties in economic life arise mainly because men forget divine power,,"

"Aristotle laid the foundation of the distinction between use-value andexchange-value, which has remained a part of economic thought to the present day."

"The expenses of the royal household, wars, and lavish public building were financed by tolls and the profits of the king's foreign trade monopoly, by conscription of labour and heavy taxation. The res…"

"Ricardo, writing fifty years later than Smith, showed a greater insight into the working of the economic system; but as for the subtlety the Scot does not lose by comparison with the Jew."

"One thing which is striking in Malthus's theory is his insistence on contradictions and conflicts in the capitalist system. The system is shown not to be self-adjusting. Unless a large class of unprod…"