Keynes himself had in his day been known to make some fairly radical noises, for instance, calling for the complete elimination of that class of people who lived off other people's debts-"the euthanasia of the rentier," as he put it-though all he really meant by this was their elimination through a gradual reduction of interest rates. As in much of Keynesianism, this was much less radical than it first appeared. Actually, it was thoroughly in the great tradition of political economy, hearkening back to Adam Smith's ideal of a debtless utopia but especially David Ricardo's condemnation of landlords as parasites, their very existence inimical to economic growth.
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David Graeber, Debt: the First 5000 Years, Chapter 12, "1971–The Beginning…", p. 374John Maynard Keynes
» John Maynard Keynes - all quotes »
If I were five-and-twenty or thirty, instead of, unhappily, twice that number of years, I would take Adam Smith in hand—I would not go beyond him, I would have no politics in it—I would take Adam Smith in hand, and I would have a League for free trade in Land just as we had a League for free trade in Corn. You will find just the same authority in Adam Smith for the one as for the other; and if it were only taken up as it must be taken up to succeed, not as a political, revolutionary, Radical, Chartist notion, but taken up on politico-economic grounds, the agitation would be certain to succeed; and if you apply free trade in land and to labour too—that is, by getting rid of those abominable restrictions in your parish settlements, and the like—then, I say, the men who do that will have done for England probably more than we have been able to do by making free trade in corn.
Richard Cobden
David Ricardo is without doubt the greatest representative of classical political economy. He carried his work begun by Smith to the farthest point possible without choosing one or the other of the roads which led out of the contradiction inherent in it.
David Ricardo
Marx's economic teachings are essentially a garbled rehash of the theories of Adam Smith and, first of all, of Ricardo.
Karl Marx
Marx's economic teachings are essentially a garbled rehash of the theories of Adam Smith and, first of all, of Ricardo.
David Ricardo
"[.....] most of the environmental hype [regarding global warming] is really to help bring about Karl Marx's dream (nightmare) of a Communist world." [by reduction, and ultimately elimination of private property rights]
Kent Hovind
Keynes, John Maynard
Keys, Alicia
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