"The further away a scholarly opinion is from direct observation and the more abstract and ‘theoretical’ it is, the mo…"

"Education has in America's whole history been the major hope for improving the individual and society."

"A criticism of Keynes and Hayek would have to begin by pointing out the fact that in their theoretical systems there …"

"It is good proof of Keynes’ intuitive genius that he reaches practical results that in many respects are very much su…"

"An important distinction exists between prospective and retrospective methods of calculating economic quantities such…"

"Looking backward on a period which is finished, we are looking at actually realized returns, costs, etc., as those it…"

"There is in fact no contradiction at all between the statement of an exact bookkeeping balance ex post and the obviou…"

"Some of these quantities refer directly to a point of time. That is true of "capital value" as also of such quantitie…"

"For these anticipations determine the behaviour of the economic subjects and consequently those changes in the whole …"

"The term 'economic planning' and perhaps still more bluntly 'planned economy' contains a tautology... The word 'econo…"