Eric Roll, Baron Roll of Ipsden - Capitalist Quotes

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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 did not regard man as the impotent plaything of supernatural; but he thought that man could not ignore the laws of physical nature.

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. For the first time, in English economic theory at any rate, the possibility of crises arising from causes inherent in the capitalist system was admitted.

Eric Roll, Baron Roll of Ipsden