Less than seventy-five years after it officially began, the contest between capitalism and socialism is over: capitalism has won.

We turn to Marx, therefore, not because he is infallible, but because he is inescapable.

Veblen once asked a religious student the value of her church in kegs of beer.

Smith, as we have said, was not the proponent of any one class. He was a slave to his system. His whole economic philosophy stemmed from his unquestioning faith in the ability of the market to guide the system to its point of highest return. The market — that wonderful social machine — would take care of society's needs if it was left alone. "Consumption is the sole end and purpose of all production," he wrote.

The use of mathematics has brought rigor to economics. Unfortunately, it has also brought mortis.

Mathematics has given economics rigor, but alas, also mortis.

Economists can be called the worldly philosophers for they sought to embrace in a scheme of philosophy the most worldly of man's activities-his drive for wealth.