The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.

It is better to be roughly right than precisely wrong.

I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.

[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire.

The numeric system was invented to help man to put order in the chaos of the world.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.