No Society Ever Seems To Have Succumbed

In Economics It Is A Far, Far Wiser Thing To Be Right Than To Be Consistent

Complexity And Obscurity Have Professional Value - They Are The Academic Equivalents Of Apprenticeship Rules In The Building Trades. They Exclude The Outsiders, Keep Down The Competition, Preserve The Image Of A Privileged Or Priestly Class. The Man Who Makes Things Clear Is A Scab. He Is Criticized Less For His Clarity Than For His Treachery.

Inflation Does Not Lubricate Trade But By Rescuing Traders From Their Errors Of Optimism Or Stupidity.

When People Are Least Sure, They Are Often Most Dogmatic.

Much Of The World's Work, It Has Been Said, Is Done By Men Who Do Not Feel Quite Well. Marx Is A Case In Point.