Market Competition Is The Only Form Of

Market Competition Is The Only Form Of Organization Which Can Afford A Large Measure Of Freedom To The Individual.

The Truth Seems . . . To Be That In The Ultimate And Essential Problem The Economic Factor Is Relatively Superficial And Unimportant.

Knowledge Is More A Matter Of Learning Than Of The Exercise Of Absolute Judgment. Learning Requires Time, And In Time The Situation Dealt With, As Well As The Learner, Undergoes Change.

In The Long Run All Producers Are Forced To Use The Most Efficient Methods Or Give Place To Others Who Do.

The Probability Of The People In Power Being Individuals Who Would Dislike The Possession And Exercise Of Power Is On A Level With The Probability That An Extremely Tender-hearted Person Would Get The Job Of Whipping-master In A Slave Plantation.