Great Quote

John Maynard Keynes on David Ricardo:

“The completeness of [his] victory is something of a curiosity and a mystery. It must have been due to a complex of suitabilities in the doctrine to the environment into which it was projected. That it reached conclusions quite different from what the ordinary uninstructed person would expect, added, I suppose, to its intellectual prestige. That its teaching, translated into practice, was austere and often unpalatable, lent it virtue. That it was adapted to carry a vast and consistent logical superstructure, gave it beauty. That it could explain much social injustice and apparent cruelty as an inevitable incident in the scheme of progress, and the attempt to change such things as likely... to do more harm than good, commended it to authority. That it afforded a measure of justification to the free activities of the individual capitalist, attracted to it the support of the dominant social force behind authority.”

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About Stephen Kinsella

I teach economics at the <A HREF="http://www.ul.ie/">University of Limerick</A>, where I am a Junior Lecturer in the <A HREF="http://www.ul.ie/business/departments/ec/economics.shtml">Kemmy Business School</A>. This site is primarily for students at UL. You can <a href="mailto:stephen.kinsella@ul.ie">email me</a> if you have any questions.