The avoidance of taxes is the only intellectual pursuit that still carries any reward.

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

Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.

...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract,... governments are fast rendering impossible a continuance of the social and economic order of the nineteenth century.

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

He had one illusion - France; and one disillusion - mankind, including Frenchmen.

I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments.