Like Odysseus, The President Looked Wiser When

Economists Must Leave To Adam Smith Alone The Glory Of The Quarto, Must Pluck The Day, Fling Pamphlets Into The Wind, Write Always Sub Specie Temporis , And Achieve Immortality By Accident, If At All.

The Disruptive Powers Of Excessive National Fecundity May Have Played A Greater Part In Bursting The Bonds Of Convention Than Either The Power Of Ideas Or The Errors Of Autocracy.

Once We Allow Ourselves To Be Disobedient To The Test Of An Accountant's Profit, We Have Begun To Change Our Civilization.

It Is The Long Term Investor Who Will In Practice Come In For The Most Criticism. For It Is The Essence Of His Behaviour That He Should Be Eccentric, Unconventional And Rash In The Eyes Of The Average Opinion. If He Is Successful, That Will Only Confirm The General Belief In His Rashness; And If In The Short Run He Is Unsuccessful, Which Is Very Likely, He Will Not Receive Much Mercy. Worldly Wisdom Teaches That It Is Better For Reputation To Fail Conventionally Than To Succeed Unconventionally.

The Immense Accumulations Of Fixed Capital Which, To The Great Benefit Of Mankind, Were Built Up During The Half Century Before The War, Could Never Have Come About In A Society Where Wealth Was Divided Equitably.