It is generally conceded that trade and travelers paved the way for capitalistic philosophy further and international industry. - Eric Roll, Baron Roll of Ipsden

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It is generally conceded that trade and travelers paved the way for capitalistic philosophy further and international industry.

English
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About Eric Roll, Baron Roll of Ipsden

Eric Roll CB, KCMG (1 December 1907 – 30 March 2005) was an economist, public servant, and banker. He was made a life peer in 1977.

Also Known As

Alternative Names: Eric Roll Eric Roll, 1st Baron Roll of Ipsden
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Additional quotes by Eric Roll, Baron Roll of Ipsden

One thing which is striking in Malthus's theory is his insistence on contradictions and conflicts in the capitalist system. The system is shown not to be self-adjusting. Unless a large class of unproductive consumers was maintained, periodic over-production and stagnation would inevitably occur.admitting the possibility of unsuccessful systems and recognizing its causes. Showing a strong stance against capitalism and explaining its success depends on slowing down of making more productive populations, a counter-intuitive argument

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