Costs Merely Register Competing Attractions.

All Science Is Static In The Sense That It Describes The Unchanging Aspects Of Things.

In The Long Run All Producers Are Forced To Use The Most Efficient Methods Or Give Place To Others Who Do.

Market Competition Is The Only Form Of Organization Which Can Afford A Large Measure Of Freedom To The Individual.

The Truth Seems . . . To Be That In The Ultimate And Essential Problem The Economic Factor Is Relatively Superficial And Unimportant.

Knowledge Is More A Matter Of Learning Than Of The Exercise Of Absolute Judgment. Learning Requires Time, And In Time The Situation Dealt With, As Well As The Learner, Undergoes Change.