A Good Rule Of Conversation Is Never

I Am For A Close Global Association In Trade And Financial Matters, Rather Than The Opposite Possibility Of Excessive Nationalism, As Manifested In The Two World Wars.

The Seminar In Economic Theory Conducted By Hayek At The L.s.e. In The 1930s Was Attended, It Came To Seem, By All Of The Economists Of My Generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-rodan, The List Could Be Indefinitely Extended. The Urge To Participate (and Correct Hayek) Was Ruthlessly Competitive.

More Investment Trusts Securities Were Offered In September Of 1929 Even Than In August - The Total Was Above $600 Million. However, The Nearly Simultaneous Promotion Of Shenandoah And Blue Ridge Was To Stand As The Pinnacle Of New Era Finance. It Is Difficult Not To Marvel At The Imagination Which Was Implicit In This Gargantuan Insanity. If There Must Be Madness Something May Be Said For Having It On A Heroic Scale.

The Notion Of A Formal Structure Of Command Must Be Abandoned. It Is More Useful To Think Of The Mature Corporation As A Series Of Concentric Circles.

Preservationists Are The Only People In The World Who Are Invariably Confirmed In Their Wisdom After The Fact.