When The Facts Change, I Change My

But Whilst There May Be Intrinsic Reasons For The Scarcity Of Land, There Are No Intrinsic Reasons For The Scarcity Of Capital.

The Forces Of The Nineteenth Century Have Run Their Course And Are Exhausted.

It Economics Is A Method Rather Than A Doctrine, An Apparatus Of The Mind, A Technique Of Thinking Which Helps Its Possessor To Draw Correct Conclusions.

This Siren, This Goat-footed Bard, This Half Human Visitor To Our Age The Hag-ridden And Enchanted Woods Of Celtic Antiquity. One Catches In His Company That Flavour Of Final Purposelessness, Inner Responsibility, Existence Outside Or Away From Our Saxon Good And Evil, Mixed With Cunning, Remorselessness, Love Of Power.

Thus, The Weight Of My Criticism Is Directed Against The Inadequacy Of The Theoretical Foundations Of The Laissez-faire Doctrine Upon Which I Was Brought Up And For Many Years I Taught