The Importance Of Money Flows From It

The Businessman Is Only Tolerable So Long As His Gains Can Be Held To Bear Some Relation To What, Roughly And In Some Sense, His Activities Have Contributed To Society.

It Is Preferable To Regard Labour, Including, Of Course, The Personal Services Of The Entrepreneur, And His Assistants, As The Sole Factor Of Production, Operating In A Given Environment Of Technique, Natural Resources, Capital Equipment And Effective Demand. This Is Why We Have Been Able To Take Labour As The Sole Physical Unit Which We Require In Our Economic System, Apart From Units Of Money And Of Time.

Conservatism Leads Nowhere; It Satisfies No Ideal.

I Believe Myself To Be Writing A Book On Economic Theory Which Will Largely Revolutionize - Not, I Suppose, At Once But In The Course Of The Next Ten Years - The Way The World Thinks About Economic Problems.

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