The Attainment Of The Economic Aims Of

It Is Completely In Accord With The Etatist Thinking Prevalent Everywhere Today To Consider A Theory To Be Finally Disposed Of Merely Because The Authorities Who Control Appointments To Academic Positions, Want To Know Nothing Of It, And To See The Criterion Of Truth In The Approval Of A Government Office.

My Theories Explain, But Cannot Slow The Decline Of A Great Civilization. I Set Out To Be A Reformer, But Only Became The Historian Of Decline.

Servile Labour Disappeared Because It Could Not Stand The Competition Of Free Labour; Its Un-profitability Sealed Its Doom In The Market Economy.

Many Pioneers Of These Industrial Changes, It Is True, Became Rich. But They Acquired Their Wealth By Supplying The Public With Motor Cars, Airplanes, Radio Sets, Refrigerators, Moving And Talking Pictures, And Variety Of Less Spectacular But No Less Useful Innovations. These New Products Were Certainly Not An Achievement Of Offices And Bureaucrats.

History Makes One Wise, But Not Competent To Solve Concrete Problems.