The probability of the people in power being individuals who would dislike the possession and exercise of power is on a level with the probability that an extremely tender-hearted person would get the job of whipping-master in a slave plantation.

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

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.

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

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.