For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.

When somebody persuades me I am wrong, I change my mind.

Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization.

It is not the ownership of the instruments of production which it is important for the State to assume. If the State is able to determine the aggregate amount of resources devoted to augmenting the instruments and the basic rate of reward to those who own them, it will have accomplished all that is necessary. Moreover, the necessary measures of socialization can be introduced gradually and without a break in the general traditions of society.

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.

The power to become habituated to his surroundings is a marked characteristic of mankind.

The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive.