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April 10, 2026
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"Gentileâs rationale was neo-Hegelian in origin, the same source out of which Marxism and Marxism-Leninism were to emerge. In fact, Gentile understood Marxism so well that his essay on the thought of the young Marx has not only withstood the test of time, but was, on the occasion of its publication, recommended as particularly insightful by V.I. Lenin."
"The fact is that Soviet Leninism, through a process of gradual involution, has taken on more and more of the attributes of paradigmatic Fascism."
"By 1938, Mussolini could confidently assert that âin the face of the total collapse of the system [bequeathed] by Lenin, Stalin has covertly transformed himself into a Fascist.â"
"Where mass-mobilizing ârevolutionary Marxistsâ have come to power, and remained in power sufficiently long to create a viable political system, what they have generally succeeded in creating is a reasonable analogue of the Fascist state."
"Stalin, in turn, transformed Marxism into a rationale for national socialism⌠Leon Trotsky was equally quick to condemn the advocacy of socialism in one country, a commitment which further eroded classical Marxism."
"As early as 1930, Fascist theoreticians had begun to speak of an internazionale fascista, a pan-fascist union of kindred have-not or proletarian, nations. By 1935, Fascist maintained that Fascism recognized that the ravages of war and depression in Europe could only be undone by international âantiplutocraticâ reconstruction and argued, as a consequence, that Fascism was to be both âpatriotic and international at the same time.â"
"Fascism itself was a variant of Sorelian syndicalism which advertized itself as voluntaristic, neo-idealist and elitist socialism. This current of socialist thought neither Fascism nor Gentile ever rejected. âFascism,â Gentile insisted, âas a consequence of its Marxian and Sorelian patrimony . . . conjoined with the influence of contemporary Italian idealism, through which Fascist thought attained maturity, conceives philosophy as praxis.â"
"Every element of Fascist doctrine can be traced to the belief system of revolutionary national syndicalism as that syndicalism emerged from the First World War."
"The individual was the state, and the state was Italy, and Italy was Fascism, and Mussolini was all of them. Such a series of substitutions constitutes the sustaining logic of charismatic totalitarian socialism."
"In 1934, Mussolini reiterated that capitalism, as an economic system, was no longer viable. Fascist economy was to be based not on individual profit but on collective interest."
"Thus, though the Fascist conception of property refused to countenance collective possession as such, individual ownership rights were understood to be strictly subordinate to collective discipline. It was not the individual ownership of property that concerned Fascists, but it subordination to collective control. Property was understood to perform social functions rather than to manifest individual rights. It was clear that the conception of property as a social function was broad enough to include socialization of the means of production, should that be required by the national interests as interpreted by the state."
"Mussolini himself, before he knew who would collect around the standards of the new Fascist Republican Party, committed himself to the realization of the original syndicalist and neo-idealist program of Fascism. His original intention was to call his new republic the Italian Socialist Republicâwhich nonetheless advertised itself as the vehicle of an Italian socialism, a national socialism."
"In any event, by 1930 it was evident that Fascism, for its own purposes, would have to evolve institutions and techniques to restrict the independent power of the possessing classes. This was to be effected not only to render the state truly sovereign, but also to defend those socialist values that Fascist syndicalists and neo-idealists had never abjured."
"Between 1862 and 1922, the Italian government had disbursed sixty million lire for school construction; between 1922 and 1942, the Fascist government devoted 400 million lire of public monies to the enterprise. The total expenditure on education rose from 922.4 million lire in the financial year 1922-23 to 1,636 million lire for 1936-37. In 1930 there were 110,200 public elementary schools while the number, by 1935, had risen to 126,934."
"Mussolini was a well-informed and convinced Marxist. His ultimate political convictions represent a reform of classical Marxism in the direction of a restoration of its Hegelian elements."
"It was only in November, 1933, that Mussolini became convinced that the crisis that had beset capitalism for four years was not a crisis within the system, but a crisis of the system. It was on this occasion that he spoke of âthe complete organic and totalitarian regulation of productionâ a âregulatedâ and âcontrolled; economyâa âburialâ of capitalism."
"By the time Spirito delivered his communications at the Convention of 1932, these sentiments had united with neo-idealist totalitarian aspirations. The result was variously identified as âFascist communism,â Fascist Bolshevismâ or âFascist socialism.â"
"Whatever one thinks of his Marxism today, Mussolini was accepted by his socialist peers as a Marxist theoretician. He rose to leadership in the Italian Socialist Party at least in part on the basis of his recognized capacity as a socialist intellectual."
"On November 24, 1914, when he was expelled from the Socialist Party, Mussolini insisted that his expulsion could not divest him of his âsocialist faith.â He made the subtitle of his new paper, Il Popolo dâItalia, âA Socialist Daily.â National intervention in the European conflagration was an immediate issue and as a problem it divided socialists, but since most continental socialist parties had opted for war, Mussolini conceived at that time that interventionism was not a commitment sufficient to require the abandonment of socialism."
"Fascist social welfare legislation compared favorably with the more advanced European nations and in some respect was more progressive."
"Socialization was, in fact, the product of a maturation of trends already implicit in the earliest Fascist formulations. The trend that matured into socializations was already manifest by the time of the Second Convention of Syndical and Corporative Studies, held in Ferrara in May 1932. Its substance was provided by the persistent socialist and anti-bourgeois biases of radical syndicalism conjoined with the totalitarian pretensions of neo-idealism."
"Mussolini was a Marxist âheretic'."
"[Italian] Fascism was a variant of classical Marxism, a believe system that pressed some themes argued by both Marx and Engels until they found expression in the form of ânational syndicalismâ that was to animate the first Fascism.â"
"Not only has capitalism not entered into its final crisis anywhere in the world, but Fascism was first successful in marginally industrialized Italyâin a nation that had only begun its industrial development. Italian industrial capitalism was hardly at the end of its life cycle. It was at little more than its commencement. Moreover, subsequent movements elsewhere in Europe that have been characterized as fascist proved to 'have been most successful in mobilizing lower classes in underdeveloped... countries.'"
"Mussolini's revolutionary nationalism, while it distinguished itself from the traditional patriotism and nationalism of the bourgeoisie, displayed many of those features we today identify with the nationalism of underdeveloped peoples. It was an anticonservative nationalism that anticipated vast social changes; it was directed against both foreign and domestic oppressors; it conjured up an image of a renewed and regenerated nation that would perform a historical mission; it invoked a moral ideal of selfless sacrifice and commitment in the service of collective goals; and it recalled ancient glories and anticipated a shared and greater glory."
"Business is business, and scientists who work in the commercial sector are expected to contribute to profits. Yet a strong contrast between the search for profits and the search for knowledge doesnât describe industrial science very well in the early twentieth century and describes it less well today. For one thing, the distinction between knowledge and commercial goods makes less sense in the âknowledge economyâ than it once may have done. We now understand that both knowledge and durable goods may each have monetary value. For another, to say that people working in industry are driven by money may miss as much as it gets right. Scientists who want âinteresting workâ and good conditions for doing it may find these in industry, while money may be as much a sign that oneâs work has succeeded as it is a motive for doing it. Nor should one neglect aspects of altruism, even utopianism, that one can readily find among scientists and engineers working in industry, and, of course, expecting to be rewarded: some pioneers of the internet thought they might make societies more democratic and less authoritarian; many scientists working in biotech reckon their labors might cure dread diseases."
"Entrepreneurs are often driven by vision and they embody that vision for those who choose to join and follow them. I spend some time in my book observing entrepreneurs âpitchingâ their companies to venture capitalists, and I note how often venture capitalists view the personal characteristics of the entrepreneur as about the most certain feature of an investable project. Technologies may change; markets may change; but the energies, vision, and commitment of the entrepreneur can be as durable, and as pertinent, as anything else in the scene."
"As I indicated, there is a very pronounced tendency to identify science with whatâs done in academiaâand especially in the great research universities. But the facts suggest otherwise. At least from early in the twentieth century, the majority of American scientists were employed not by institutions of higher education but by industry and government. And that remains true today. Yet much modern commentary, especially from academic social scientists, viewed industry as a problematic environment for science. Iâm not at all sure thatâs right. If we compare, so to speak, apples with apples, and look at the pure research done in industry and that done in academia, many of the most popular contrasts describe the situation rather poorly."
"Between 's birth in 1632 and his death, drunk and drowned, in 1676, he was, at different stages of his convoluted career, classicist and underlibrarian at the , physician to the fashionable in England and Jamaica, publicist of chocolate as a stimulant to "moderate venery," gossip tittle-tattling on the nude tub-frolics of the king's mistress, defender and explainer of 's stroking cures of , and historian of early Christianity and Islam. A prolific pamphleteer, Stubbe's writings on religion and politics were among the most pungently provocative of mid-seventeenth-century England. Historians of science encounter Stubbe mainly as the perpetrator of prose muggings of the in the early 1670s."
"In 1680, Robert Boyle published the Second Part of his Continuation of New Experiments Physico-mechanical, Touching the Spring and Weight of the Air. ...According to Boyle's preface, the experimental work... was mainly done by a remunerated technician... Denis Papin. The air-pump with which the experiments were performed was... of Papin's own design... At least some, and perhaps the greatest part, of the design of the experimental project was also owing to the technician. ...It seems also that the technician was partly, if not mainly, responsible for the composition of the experimental narratives."
"There is a crisis of for work in our field, as in many other academic disciplines. One of its causes is a pathological form of the professionalism that we so greatly value. âHyperprofessionalismâ is a disease whose symptoms include selfâreferentiality, selfâabsorption, and a narrowing of intellectual focus. This essay describes some features and consequences of hyperprofessionalism in the history of science and offers a modest suggestion for a possible cure."
"The smallest unit of the institutional economists is a unit of activity â a transaction, with its participants. Transactions intervene between the labor of the classic economists and the pleasures of the hedonic economists, simply because it is society that controls access to the forces of nature, and transactions are, not the "exchange of commodities," but the alienation and acquisition, between individuals, of the rights of property and liberty created by society, which must therefore be negotiated between the parties concerned before labor can produce, or consumers can consume, or commodities be physically exchanged."
"Since institutional economics is behavioristic, and the behavior in question is none other than the behavior of individuals while participating in transactions, institutional economics must make an analysis of the economic behavior of individuals."
"I do not overlook the important contributions to economic theory in the past whether orthodox or heterodox I correlate them with institutional economics. The classical and communistic economists used as their measure of value the man hour of labor. This is evidently since the incoming of scientific management the engineering economics of efficiency. The Austrian and hedonistic economists deriving from Bentham used as the measure of value the diminishing marginal utility of consumption goods. This is evidently the home economics recently introduced in the college curriculum."
"These individual actions are really trans-actions instead of either individual behavior or the "exchange" of commodities. It is this shift from commodities and individuals to transactions and working rules of collective action that marks the transition from the classical and hedonic schools to the institutional schools of economic thinking. The shift is a change in the ultimate unit of economic investigation. The classic and hedonic economists, with their communistic and anarchistic offshoots, founded their theories on the relation of man to nature, but institutionalism is a relation of man to man. The smallest unit of the classic economists was a commodity produced by labor. The smallest unit of the hedonic economists was the same or similar commodity enjoyed by ultimate consumers. One was the objective side, the other the subjective side, of the same relation between the individual and the forces of nature. The outcome, in either case, was the materialistic metaphor of an automatic equilibrium, analogous to the waves of the ocean, but personified as "seeking their level." But the smallest unit of the institutional economists is a unit of activity -- a transaction, with its participants. Transactions intervene between the labor of the classic economists and the pleasures of the hedonic economists,simply because it is society that controls access to the forces of nature, and transactions are, not the "exchange of commodities," but the alienation and acquisition, between individuals, of the rights of property and liberty created by society, which must therefore be negotiated between the parties concerned before labor can produce, or consumers can consume, or commodities be physically exchanged."
"But institutional economics is the field of the public interest in private ownership, which shows itself behavioristically in buying and selling, borrowing and lending, hiring and firing, leasing and renting. The private interests become the field of intangible yet quantitative and measurable rights, duties, liberties and exposures to the liberties of others. These are various aspects of rights of ownership. What we buy and sell is not material things and services but ownership of materials and services. The correlation of engineering economics, home economics, and institutional economics makes up the whole of the science of political economics."
"The difficulty in defining a field for the so-called institutional economics is the uncertainty of meaning of an institution. Sometimes an institution seems to mean a framework of laws or natural rights within which individuals act like inmates. Sometimes it seems to mean the behavior of the inmates themselves. Sometimes anything additional to or critical of the classical or hedonic economics is deemed to be institutional. Sometimes anything that is "economic behavior" is institutional. Sometimes anything that is "dynamic" instead of "static," or a "process" instead of commodities, or activity instead of feelings, or mass action instead of individual action, or management instead of equilibrium, or control instead of laissez faire, seems to be institutional economics."
"Historically, land taxes are commutations of physical rents into money-rents, and taxes are not something taken from private property by the sovereign, but property is sovereignty taken collectively from the King by his tenants."
"The binding power of custom is its security of expectations. What has happened before may be expected to happen again, and he who arbitrarily disappoints expectations must be restrained or punished."
"The division of opinion turns on the definition of property and the scope of contract. Physical things of themselves are powerless. Even liberty to choose between opportunities is passive and ineffective. But power to withhold opportunities is economic power, and associated power is government. When therefore liberty of contract is merged with property, it adds the liberty of persons to the exclusive holding of things. And this liberty operates in the several directions of liberty to combine their property into an industrial government and to act as a unit, not only in proportioning their resources economically but also in choosing opportunities, in commanding obedience, in persuading or coercing, and in planning for the expectations of an indefinite future."
"Liberty, as such, is only the negative of duty, the absence of restraint or compulsion."
"Liberty is as much a matter of compulsion as duty, but where duty says to a person that he must or must not, liberty says to other persons that they must not interfere with that person, or that they even must help to prevent still other persons from interfering, if necessary."
"The âlibertyâ of one is his permission to act as he pleases, supported against interference by the power of the concern or government"
"While mere process of thinking is the process of habits, ideals, definitions, investigations, classifications, valuations and behavior, due process of thinking, which is due process of law, is the process of correct habits, right ideals, true definitions, sincere investigation, reasonable classification, reasonable value, and justice; whereas its opposite, undue process, is perverse habit, wrong ideals, double meanings, partial investigation, class legislation, confiscation and injustice."
"Liberty is absence of restraint. Freedom is participation in government."
"Economic theory deals with two concepts, Value and Economy. Abstract reasoning regarding these concepts rests ultimately on mathematical concepts of quantity, time and energy. The three are inseparable, for quantity and time are dimensions of energy. The quantity relationships of energy, usually termed "statics," turn on the problem of the relation of the parts to the whole, while the time relationships, usually termed "dynamics," are the relations of a process that connects past, present and future."
"It would not be incorrect to say that all capital is invisible value, in that it is the present value, not of physical things, but of the hopes of the future aroused through confidence in the now invisible but expected transactions of the future."
"The concept of property itself had come up out of the common law and carried with it the idea of a natural, or common-law rights of liberty to acquire, use and dispose of physical things."
"The aim of this volume is to work out an evolutionary and behavioristic, or rather volitional, theory of value. It was commenced thirty-five years ago at Johns Hopkins University under my stimulating teacher, Richard T. Ely."
"Economic theory, since the time of the Physiocrats, has endeavored to get rid of the human will and to explain economic phenomena in terms of physical and hedonic forces. The human will had been the main reliance of the Mercantilists and of the economic theory of the Church fathers. But the will was arbitrary, capricious and contrary to natural laws. There were two stages of these physical theories which attempted to get away from the will:-the natural rights arld physical equilibrium stage of foreordained evolution of Quesnay, Adam Smith and Karl Marx, and the natural selection stage of blind evolution that followed Darwin, whose distinguished exponent in economics is Veblen. The theorists of each stage attempted to get rid of the human will and to explain economic phenomena as the working out of natural forces, either foreordained or blind. It was a concept of society as the natural growth of a mechanistic equilibrium."