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

Always history is being made; opinions attitudes and institutions change, and there is evolution in the nature of capitalism

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.

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

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

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.

We have to adapt and overcome, that's all we can do.