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

If all properly economic problems were solved once for all . . . the social struggle and strife would . . . [not necessarily] be reduced in amount or intensity . . . in the absence of some moral revolution which could by no means be assumed to follow in consequence of this change itself.

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

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

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.

Knowledge is more a matter of learning than of the exercise of absolute judgment. Learning requires time, and in time the situation dealt with, as well as the learner, undergoes change.

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.