I'd Rather Be Vaguely Right Than Precisely

The Master-economist Must Possess A Rare Combination Of Gifts. He Must Reach A High Standard In Several Different Directions And Must Combine Talents Not Often Found Together. He Must Be Mathematician, Historian, Statesman, Philosopher - In Some Degree. He Must Understand Symbols And Speak In Words. He Must Contemplate The Particular In Terms Of The General, And Touch Abstract And Concrete In The Same Flight Of Thought. He Must Study The Present In The Light Ofthe Past For The Purposes Of The Future

The Study Of Economics Does Not Seem To Require Any Specialised Gifts Of An Unusually High Order.

The Forces Of The Nineteenth Century Have Run Their Course And Are Exhausted.

I Expect To See The State, Which Is In A Position To Calculate The Marginal Efficiency Of Capital-goods On Long Views And On The Basis Of The General Social Advantage, Taking An Ever Greater Responsibility For Directly Organizing Investments.

The Avoidance Of Taxes Is The Only Intellectual Pursuit That Still Carries Any Reward.