A reasonable estimate of economic organisation must allow for the fact that, unless industry is to be paralysed by recurrent revolts on the part of outraged human nature, it must satisfy criteria which are not purely economic.

A reasonable estimate of economic organisation must allow for the fact that, unless industry is to be paralysed by recurrent revolts on the part of outraged human nature, it must satisfy criteria which are not purely economic.

The certainties of one age are the problems of the next.

Private property is a necessary institution, at least in a fallen world; men work more and dispute less when goods are private than when they are in common.

Bankruptcies of governments have, on the whole, done less harm to mankind than their ability to raise loans.

Clever men are impressed in their differences from their fellows. Wise men are conscious of their resemblance to them.

The real economic cleavage is not... between employers and employed, but between all who do constructive work, from scientist to laborer, on the one hand, and all whose main interest is the preservation of existing proprietary rights upon the other, irrespective of whether they contribute to constructive work or not.