Without A Theory The Facts Are Silent.

To Create Conditions In Which Competition Will Be As Effective As Possible, To Prevent Fraud And Deception, To Break Up Monopolies- These Tasks Provide A Wide And Unquestioned Field For State Activity.

It Is When It Is Contended That "in A Democracy Right Is What The Majority Makes It To Be" That Democracy Degenerates Into Demagoguery.

It May Indeed Prove To Be Far The Most Difficult And Not The Least Important Task For Human Reason Rationally To Comprehend Its Own Limitations. It Is Essential For The Growth Of Reason That As Individuals We Should Bow To Forces And Obey Principles Which We Cannot Hope Fully To Understand, Yet On Which The Advance And Even The Preservation Of Civilization Depend.

I Can Have Little Patience With Those Who Oppose ... The Theory Of Evolution Or What Are Called "mechanistic" Explanations Of The Phenomena Of Life Because Of Certain Moral Consequences Which At First Seem To Follow From These Theories, And Still Less With Those Who Regard It As Irrelevant Or Impious To Ask Certain Questions At All. By Refusing To Face The Facts , The Conservative Only Weakens His Own Position.

We Know, In Other Words, The General Conditions In Which What We Call, Somewhat Misleadingly, An Equilibrium Will Establish Itself: But We Never Know What The Particular Prices Or Wages Are Which Would Exist If The Market Were To Bring About Such An Equilibrium.