The Study Of Economics Does Not Seem

The Businessman Is Only Tolerable So Long As His Gains Can Be Held To Bear Some Relation To What, Roughly And In Some Sense, His Activities Have Contributed To Society.

It Is Not The Ownership Of The Instruments Of Production Which It Is Important For The State To Assume. If The State Is Able To Determine The Aggregate Amount Of Resources Devoted To Augmenting The Instruments And The Basic Rate Of Reward To Those Who Own Them, It Will Have Accomplished All That Is Necessary. Moreover, The Necessary Measures Of Socialization Can Be Introduced Gradually And Without A Break In The General Traditions Of Society.

Markets Can Remain Irrational Longer Than You Can Remain Solvent.

Like Odysseus, The President Looked Wiser When He Was Seated.

It Is Better To Be Roughly Right Than Precisely Wrong.