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

...and was disposed too often to idealize as a virtue that habit of mean subservience to wealth and social position which, after more than half a century of political democracy, is still the characteristic and odious vice of the Englishman.

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.

It is probable that democracy owes more to nonconformity than to any other single movement.

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

It is not till it is discovered that high individual incomes will not purchase the mass of mankind immunity from cholera, typhus, and ignorance, still less secure them the positive advantages of educational opportunity and economic security, that slowly and reluctantly, amid prophecies of moral degeneration and economic disaster, society begins to make collective provision for needs which no ordinary individual, even if he works overtime all his life, can provide himself.

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.