Economics Is A Very Dangerous Science.

The Day Is Not Far Off When The Economic Problem Will Take The Back Seat Where It Belongs, And The Arena Of The Heart And The Head Will Be Occupied Or Reoccupied, By Our Real Problems - The Problems Of Life And Of Human Relations, Of Creation And Behavior And Religion.

The Book, As It Stands, Seems To Me To Be One Of The Most Frightful Muddles I Have Ever Read, With Scarcely A Sound Proposition In It Beginning With Page 45 [hayek Provided Historical Background Up To Page 45; After That Came His Theoretical Model], And Yet It Remains A Book Of Some Interest, Which Is Likely To Leave Its Mark On The Mind Of The Reader. It Is An Extraordinary Example Of How, Starting With A Mistake, A Remorseless Logician Can End Up In Bedlam.

It Would Be Foolish, In Forming Our Expectations, To Attach Great Weight To Matters Which Are Very Uncertain.

I Do Not Know Which Makes A Man More Conservative - To Know Nothing But The Present, Or Nothing But The Past.

I Conceive, Therefore, That A Somewhat Comprehensive Socialisation Of Investment Will Prove The Means Of Securing An Approximation To Full Employment.