The First Thing A Man Will Do

Want And Effective Demand Are Not The Same Thing. If They Were, The Poorest Nations Would Be The Ones To Display The Most Vigorous Demand.

This Civilization Is Rapidly Passing Away, However. Let Us Rejoice Or Else Lament The Fact As Much As Everyone Of Us Likes; But Do Not Let Us Shut Our Eyes To It.

The Metal Of Economic Theory Is In Marx's Pages Immersed In Such A Wealth Of Steaming Phrases As To Acquire A Temperature Not Naturally Its Own.

The State Has Been Living On A Revenue Which Was Being Produced In The Private Sphere For Private Purposes And Had To Be Deflected From These Purposes By Political Force. The Theory That Construes Taxes On The Analogy Of Club Dues Or Of The Purchase Of The Services Of, Say, A Doctor Only Proves How Far Removed This Part Of The Social Sciences Is From Scientific Habits Of Mind.

Surely, Nothing Can Be More Plain Or Even More Trite Common Sense Than The Proposition That Innovation [...] Is At The Center Of Practically All The Phenomena, Difficulties, And Problems Of Economic Life In Capitalist Society.