It Is The Long-term Investor...who Will In

All The Political Parties Alike Have Their Origins In Past Ideas And Not In New Ideas And None More Conspicuously So Than The Marxists .

Long Run Is A Misleading Guide To Current Affairs. In The Long Run We Are All Dead.

The Inhabitant Of London Could Order By Telephone, Sipping His Morning Tea In Bed, The Various Products Of The Whole Earth -- He Could At The Same Time And By The Same Means Adventure His Wealth In The Natural Resources And New Enterprise Of Any Quarter Of The World -- He Could Secure Forthwith, If He Wished, Cheap And Comfortable Means Of Transit To Any Country Or Climate Without Passport Or Other Formality.

I Do Not Know Which Makes A Man More Conservative - To Know Nothing But The Present, Or Nothing But The Past.

The Book, As It Stands, Seems To Me To Be One Of The Most Frightful Muddles I Have Ever Read, With Scarcely A Sound Proposition In It Beginning With Page 45 [hayek Provided Historical Background Up To Page 45; After That Came His Theoretical Model], And Yet It Remains A Book Of Some Interest, Which Is Likely To Leave Its Mark On The Mind Of The Reader. It Is An Extraordinary Example Of How, Starting With A Mistake, A Remorseless Logician Can End Up In Bedlam.