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.

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.

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

Costs merely register competing attractions.

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.

...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.