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.

Sociology isthescience of talk, and there is onlyone law in sociology. Bad talk drives out good.

The truth seems . . . to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant.

There is no sense in making statements that will not continue to be true after they are made.

It is true practically if not altogether without exception that the changes studied by any science tend to equilibrate or neutralize the forces which bring them about, and finally to come to rest.

Conflicting economic interest is relatively unimportant as a cause of war.

Market competition is the only form of organization which can afford a large measure of freedom to the individual.