This is what economics now does. It tells the young and susceptible (and also the old and vulnerable) that economic life has no content of power and politics because the firm is safely subordinate to the market and the state and for this reason it is safely at the command of the consumer and citizen. Such an economics is not neutral. It is the influential and invaluable ally of those whose exercise of power depends on an acquiescent public. If the state is the executive committee of the great corporation and the planning system, it is partly because neoclassical economics is its instrument for neutralizing the suspicion that this is so.

The decisive weakness in neoclassical and neo-Keynesian economics is not the error in the assumptions by which it elides the problem of power. The capacity for…

If all else fails immortality can always be assured by adequate error.

Let there be no question: economics, so long as it is thus taught, becomes, however unconsciously, a part of the arrangement by which the citizen or student is…

In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It …

Obviously, crime pays, or there'd be no crime.

But now, as throughout history, financial capacity and political perspicacity are inversely correlated.