It Is Better To Be Roughly Right

A Sound Banker, Alas, Is Not One Who Foresees Danger And Avoids It, But One Who, When He Is Ruined, Is Ruined In A Conventional Way Along With His Fellows, So That No One Can Really Blame Him.

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.

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.

Dangerous Acts Can Be Done Safely In A Community Which Thinks And Feels Rightly, Which Would Be The Way To Hell If They Were Executed By Those Who Think And Feel Wrongly.

But Whilst There May Be Intrinsic Reasons For The Scarcity Of Land, There Are No Intrinsic Reasons For The Scarcity Of Capital.