If there is any law governing the distribution of income between classes, it still remains to be discovered. - Joan Robinson

When a large part of the market for British textiles was in the colonies, a fall in the price of tea and cocoa caused unemployment in Lancashire.

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.