Innovation Is The Whim Of An Elite

Everybody Thinks Of Economics Whether He Is Aware Of It Or Not. In Joining A Political Party Or In Casting His Ballot, The Citizen Implicitly Takes A Stand Upon Essential Economic Theories.

No Very Deep Knowledge Of Economics Is Usually Needed For Grasping The Immediate Effects Of A Measure; But The Task Of Economics Is To Foretell The Remoter Effects, And So To Allow Us To Avoid Such Acts As Attempt To Remedy A Present Ill By Sowing The Seeds Of A Much Greater Ill For The Future.

Progressive Taxation Of Income And Profits Means That Precisely Those Parts Of The Income Which People Would Have Saved And Invested Are Taxed Away

He Who Serves The Public Best, Makes The Highest Profits.

Reason And Action Are Congeneric And Homogenous, Two Aspects Of The Same Phenomenon.