When The Facts Change, I Change My

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.

[t]he Theory Of Output As A Whole, Which Is What The Following Book Purports To Provide, Is Much More Easily Adapted To The Conditions Of A Totalitarian State, Than Is The Theory Of Production And Distribution Of A Given Output Produced Under The Conditions Of Free Competition And A Large Measure Of Laissez-faire.

The Importance Of Money Flows From It Being A Link Between The Present And The Future.

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.

The Master-economist Must Possess A Rare Combination Of Gifts. He Must Reach A High Standard In Several Different Directions And Must Combine Talents Not Often Found Together. He Must Be Mathematician, Historian, Statesman, Philosopher - In Some Degree. He Must Understand Symbols And Speak In Words. He Must Contemplate The Particular In Terms Of The General, And Touch Abstract And Concrete In The Same Flight Of Thought. He Must Study The Present In The Light Ofthe Past For The Purposes Of The Future