Economics Is A Very Dangerous Science.

It Would Not Be Foolish To Contemplate The Possibility Of A Far Greater Progress Still.

I Think That Capitalism, Wisely Managed, Can Probably Be Made More Efficient For Attaining Economic Ends Than Any Alternative System Yet In Sight, But That In Itself Is In Many Ways Extremely Objectionable.

When The Accumulation Of Wealth Is No Longer Of High Social Importance, There Will Be Great Changes In The Code Of Morals. We Shall Be Able To Rid Ourselves Of Many Of The Pseudo-moral Principles Which Have Hag-ridden Us For Two Hundred Years, By Which We Have Exulted Some Of The Most Distasteful Of Human Qualities Into The Highest Virtues.

It Economics Is A Method Rather Than A Doctrine, An Apparatus Of The Mind, A Technique Of Thinking Which Helps Its Possessor To Draw Correct Conclusions.

The Disruptive Powers Of Excessive National Fecundity May Have Played A Greater Part In Bursting The Bonds Of Convention Than Either The Power Of Ideas Or The Errors Of Autocracy.