How The West Grew Rich: The Economic Transformation Of The Industrial World

The essential point for Marx was his belief that capitalism was incapable of translating its great growth potential into higher standards of material well-being for the workers.

Whether inequalities arising from the operation of capitalist markets are unjust, and, if so, to what extent they can be remedied without creating further injustices, are questions with many ramifications, some highly controversial.

It is even possible that the psychological restlessness of a people in good physical health will, as a rule, be more intractable than that of a people numbed by hunger.

Incentives cannot enable a community to do what it does not know how to do.