The Glory Of The Nation You Love

Ideas Shape The Course Of History.

I Expect To See The State, Which Is In A Position To Calculate The Marginal Efficiency Of Capital-goods On Long Views And On The Basis Of The General Social Advantage, Taking An Ever Greater Responsibility For Directly Organizing Investments.

How Can I Adopt A Creed Which, Preferring The Mud To The Fish, Exalts The Boorish Proletariat Above The Bourgeois And The Intelligentsia Who, With Whatever Faults, Are The Quality In Life And Surely Carry The Seeds Of All Human Advancement?

I Conceive, Therefore, That A Somewhat Comprehensive Socialisation Of Investment Will Prove The Means Of Securing An Approximation To Full Employment.

Investment Based On Genuine Long-term Expectations Is So Difficult Today As To Be Scarcely Practicable.