There is no harm in being sometimes wrong – especially if one is promptly found out.
The expected never happens; it is the unexpected always.
All production is for the purpose of ultimately satisfying a consumer.
The atomic hypothesis which had worked so splendidly in Physics breaks down in Psychics.
Economics is a very dangerous science.
The glory of the nation you love is a desirable end, – but generally to be obtained at your neighbor’s expense.
The power to become habituated to his surroundings is a marked characteristic of mankind.
Perhaps it is historically true that no order of society ever perishes save by its own hand.
If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
The numeric system was invented to help man to put order in the chaos of the world.
The division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.
Logic, like lyrical poetry, is no employment for the middle-aged.
Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.
The idea behind stamped money is sound.
The forces of the nineteenth century have run their course and are exhausted.
If we aim deliberately at the impoverishment of Central Europe, vengeance, I dare predict, will not limp.
The study of economics does not seem to require any specialised gifts of an unusually high order.
Obstinacy can bring only a penalty and no reward.
For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
I believe that the future will learn more from the spirit of Gesell than from that of Marx .