[e]conomic History Is A Long Record Of

Used To The Conditions Of A Capitalistic Environment, The Average American Takes It For Granted That Every Year Business Makes Something New And Better Accessible To Him. Looking Backward Upon The Years Of His Own Life, He Realizes That Many Implements That Were Totally Unknown In The Days Of His Youth And Many Others Which At That Time Could Be Enjoyed Only By A Small Minority Are Now Standard Equipment Of Almost Every Household.

The Mixing Of Politics And Business Not Only Is Detrimental To Politics, As Is Frequently Observed, But Even Much More So To Business.

It Is Inherent In The Nature Of The Capitalistic Economy That, In The Final Analysis, The Employment Of The Factors Of Production Is Aimed Only Toward Serving The Wishes Of Consumers.

The Continued Existence Of Society Depends Upon Private Property.

It Is Completely In Accord With The Etatist Thinking Prevalent Everywhere Today To Consider A Theory To Be Finally Disposed Of Merely Because The Authorities Who Control Appointments To Academic Positions, Want To Know Nothing Of It, And To See The Criterion Of Truth In The Approval Of A Government Office.