Economists Are Generally Negligent Of Their Heroes.

Foresight Is An Imperfect Thing - All Prevision In Economics Is Imperfect.

No Society Ever Seems To Have Succumbed To Boredom. Man Has Developed An Obvious Capacity For Surviving The Pompous Reiteration Of The Commonplace.

We Talk Of The Enormous Virtues Of Work, But It Turns Out That That Is Mostly For The Poor. If You're Rich Enough Or If You're A College Professor, The Virtue Lies In Leisure And The Use You Make Of Your Leisure Time.

In 1929 The Discovery Of The Wonders Of The Geometric Series Struck Wall Street With A Force Comparable To The Invention Of The Wheel.

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.