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

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.

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.

All science is static in the sense that it describes the unchanging aspects of things.

...even professors of economics, to say nothing of the public, do not generally have scientific minds.

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

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.