We Always Plan Too Much And Always

The Essential Point To Grasp Is That In Dealing With Capitalism We Are Dealing With An Evolutionary Process

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 Function Of Entrepreneurs Is To Reform Or Revolutionize The Pattern Of Production By Exploiting An Invention Or, More Generally, An Untried Technological Possibility For Producing A New Commodity Or Producing An Old One In A New Way, By Opening Up A New Source Of Supply Of Materials Or A New Outlet For Products, By Reorganizing An Industry And So On.

It Is Not True That Democracy Will Always Safeguard Freedom Of Conscience Better Than Autocracy. Witness The Most Famous Of All Trials. Pilate Was, From The Standpoint Of The Jews, Certainly The Representative Of Autocracy. Yet He Tried To Protect Freedom. And He Yielded To A Democracy.

The Capitalist Engine Is First And Last An Engine Of Mass Production Which Unavoidably Also Means Production For The Masses. . . . It Is The Cheap Cloth, The Cheap Cotton And Rayon Fabric, Boots, Motorcars And So On That Are The Typical Achievements Of Capitalist Production, And Not As A Rule Improvements That Would Mean Much To The Rich Man. Queen Elizabeth Owned Silk Stockings. The Capitalist Achievement Does Not Typically Consist In Providing More Silk Stockings For Queens But In Bringing Them Within Reach Of Factory Girls.