Eric Roll, Baron Roll of Ipsden Quotes

In its origins the utility school was strongly influenced by a desire to strengthen the potentially apologetic character of economics.

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 believed in nature’s superiority.

Whatever his merits as an economist, Hume's place as one of the foremost exponents of capitalism is clearly established. His views on the landed interest and his recognition of self-interest and his desire for accumulation as the driving forces of economic activity in his time helped to consolidate the forces that were struggling to add political power to the economic supremacy which they had already achieved.

Ideas appropriate to a past social order have a strange power of influencing thought and action within a later institutional frame work.

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 results were impoverishment of the masses, alienation of land, and the development of a proletariat.

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

Adam Smith himself was under no allusion about the desire of individuals, particularly business men, to create privileged positions for themselves. While historically wealth was limited to title and impassable to peasantry.

Christ, addressing Himself to the labourers of His time, proclaimed for the first time the worthiness both in material and a spiritual sense of all work.

Since the earth can yield its cultivator more then he needs for his own subsistence, the surplus can be appropriated by another class. Thus creating an eco system of abundant resources that is expandable.

Robbed of a foundation of political philosophy on which it had based itself, economics is in great danger of becoming a plaything of lordship and its exclusive hold on political services and philosophical concepts.

Utility alone is the cause of value. Devaluing all effort by all involved industries of manufacture and essentially dismissing the role of aesthetic communication and portrayals.

Profit can only arise upon alienation, i.e. in the act of exchange, when the seller sells more dearly than he has bought gaining profits and enabling a procurement adequate to demands and return on investments.

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 theory of money which reveals a very different approach to economic problems from others.

Capitalism had been more revolutionary then any previous social system. It had swept away without scruples old institutions and modes of thought, if they were found to stand in its way.

Mill sought to strengthen his defence of trade unions not by denying their possible monopoly effects, but by an appeal to the principle of laisser faire itself. To prevent the formation of corporate unions was, he thought, to interfere with a right obviously included in the general rule of freedom of contract. While monopolies were only to be abolished if corporations were not free to contract as they pleased, rather be obliged to involve consideration.