Quote

This old Germany was partly defeated in its conflict with the progressive ideas of socialism, for it had given the people nothing that could serve as a successful alternative to socialism.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

A narrative that branded Africa as little more than an economic, political and social basket case was not likely to provide the investment needed to drive development.

There is no pure free-market economy.

No political event can be judged outside of the era and the circumstances in which it took place.

The conditions which now exist in Germany make it impossible for industrial production to reach the levels which the occupying powers agreed were essential for a minimum German peacetime economy.

Russia has nothing: no successful politics or economy.

Nazism promoted Germany from a low to a fantastic physical and ideological status.

Whatever else it was, Adolf Hitler's short-lived regime was also a colossal industrial process by which the wealth and productive power of much of Europe was wrenched from its normal purposes and converted into a machine for killing.

Keynes eliminated economic theory's ancient role as spoilsport for inflationist and statist schemes, leading a new generation of economists on to academic power and to political pelf and privilege.