Ideas Are Inherently Conservative. They Yield Not

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.

While It Will Be Desirable To Achieve Planned Results, It Will Be Even More Important To Avoid Unplanned Disasters.

Economic Theory Is The Most Prestigious Subject Of Instruction And Study. Agricultural Economics, Labor Economics And Marketing Are Lower Caste Fields Of Study.

These Are The Days When Men Of All Social Disciplines And All Political Faiths Seek The Comfortable And The Accepted; When The Man Of Controversy Is Looked Upon As A Disturbing Influence; When Originality Is Taken To Be A Mark Of Instability; And When, In Minor Modification Of The Original Parable, The Bland Lead The Bland.

I Have Never Understood Why One's Affections Must Be Confined, As Once With Women, To A Single Country.