The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.
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Chapter I, Introduction, p. 1Joan Robinson
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Marx's prognosis of the future of the capitalist system has often been understood to imply a fatalistic view. Marx's own life should be enough to show that this is not so. Marx did not regard man as the impotent plaything of supernatural; but he thought that man could not ignore the laws of physical nature.
Eric Roll
It is indeed paradoxical that, while the apologists of capitalism usually consider the 'price mechanism' to be the great advantage of the capitalist system, price flexibility proves to be a characteristic feature of the socialist economy.
Michal Kalecki
Economists of the modern school will no doubt protest that I have said nothing of the use of budget deficits or surpluses for the control of the economy in general. I doubt if such techniques would ever be appropriate in Hong Kong's exposed economic position; and I think they are certainly not appropriate at present, when in strict orthodoxy they would suggest the need to plan for a very substantial surplus "to take the heat out of the economy". Although we have in fact run substantial surpluses in recent years we have not done so with deflationary effect because we have not removed them from the economy but have left them inside the Colony's banking system to continue to work for the economy. $500 million or 55% of reserves are so held at present.
John James Cowperthwaite
It is in the nature of science that once a position becomes orthodox it should be suggested to criticism.... It does not follow that, because a position is orthodox, it is wrong.
John Maynard Smith
The whole Marxian system springs from classical political economy as it found expression in Ricardo.
Eric Roll
Robinson, Joan
Robinson, Kim Stanley
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