People are hungering for property — for a secure, permanent and independent link with spaceship earth that ownership represents and which only ownership can protect or defend. It is humiliating to possess nothing, to own nothing, and hence to produce nothing and to count for nothing.

Our present predicament comes from the fact that running the economy on blood is no longer fashionable. We can't end this depression with another war.

The point is to make the pie grow faster and distribute the new growth more equitably.

It is the institutions of society, not parental genes, that bestow the blessings of ownership of productive capital.

We have an economic policy that is just about 10,000 years out of date.

Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs?

The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input.