If the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of repercussions, the real income of the community, and its capital wealth, would probably become a good deal greater than it actually is.

Newton was not the first of the age of reason, he was the last of the magicians.

The biggest problem is not to let people accept new ideas, but to let them forget the old ones.

I am trying to re-shape and improve my central position.

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

The master-economist must possess a rare combination of gifts. He must reach a high standard in several different directions and must combine talents not often found together. He must be mathematician, historian, statesman, philosopher - in some degree. He must understand symbols and speak in words. He must contemplate the particular in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light ofthe past for the purposes of the future