The Truth Seems . . . To

The Possibility Of Saying Anything About A Thing Rests On The Assumption That It Preserves Its Identity, Or Continues To Be The Same Thing In The Respect Described, That It Will Behave In Future Situations As It Has In Past.

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

Large Scale Collective Bargaining . . . Is Merely A Seductive Name For Bilateral Monopoly, And Means Either Adjudication Of Conflicts In Terms Of Power, Or Deadlock And Stoppage, Usually Injuring Outside People More Than The Immediate Parties To The Dispute.

...even Professors Of Economics, To Say Nothing Of The Public, Do Not Generally Have Scientific Minds.

Goods Move In Response To Price Differences From Points Of Low To Points Of Higher Price, The Movement Tending To Obliterate The Price Difference And Come To Rest.