We Must Raise And Train An Army

I Must Confess That If I Had Been Consulted Whether To Establish A Nobel Prize In Economics, I Should Have Decidedly Advised Against It.

It Can Hardly Be Denied That Such A Demand Quite Arbitrarily Limits The Facts Which Are To Be Admitted As Possible Causes Of The Events Which Occur In The Real World.

It Is, Indeed, Part Of The Liberal Attitude To Assume That, Especially In The Economic Field, The Self-regulating Forces Of The Market Will Somehow Bring About The Required Adjustments To New Conditions, Although No One Can Foretell How They Will Do This In A Particular Instance. There Is Perhaps No Single Factor Contributing So Much To People

The Task Of The Political Philosopher Can Only Be To Influence Public Opinion, Not To Organize People For Action. He Will Do So Effectively Only If He Is Not Concerned With What Is Now Politically Possible But Consistently Defends The "general Principles Which Are Always The Same." In This Sense I Doubt Whether There Can Be Such A Thing As A Conservative Political Philosophy. Conservatism May Often Be A Useful Practical Maxim, But It Does Not Give Us Any Guiding Principles Which Can Influence Long-range Developments.

Without The Rich - Without Those Who Accumulated Capital - Those Poor Who Could Exist At All Would Be Very Much Poorer Indeed, Scratching A Livelihood From Marginal Lands On Which Every Drought Would Kill Most Of The Children They Would Be Trying To Raise.