People are the common denominator of progress. So no improvement is possible with unimproved people, and advance is certain when people are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills,and the other familiar furniture of economic development. But we are coming to realize that there is a certain sterility in economic monuments that stand alone in a sea of illiteracy. Conquest of illiteracy comes first.

The inborn instability of capitalism has been part of the history of the system for several hundred years.

There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.

Perhaps never before or since have so many people taken the measure of economic prospects and found them so favorable as in the two days following the Thursday [24th October 1929] disaster.

The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.

Originality is something that is easily exaggerated, especially by authors contemplating their own work.