It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.

If a rise in wages does not raise prices, a fall will not reduce them.

Whatever you can rightly say about India, the opposite is also true.

If there is any law governing the distribution of income between classes, it still remains to be discovered.

Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.

Progress is slow partly from mere intellectual inertia. In a subject where there is no agreed procedure for knocking out errors, doctrines have a long life. A professor teaches what he was taught, and his pupils, with a proper respect and reverence for teachers, set up a resistance against his critics for no other reason than that it was he whose pupils they were.

New ideas are difficult just because they are new. Repetition has somehow plastered over the gaps and inconsistencies in the old ones, and the new cannot penetrate.