Where is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?

Where is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?

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.

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

In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation.

The only thing worse than being exploited by capitalism is not being exploited by capitalism.