It Is In The Long Run That

The Industrial System Requires That Prices Be Under Effective Control. And It Seeks The Greatest Possible Influence Over What Buyers Take At The Established Prices.

In The Usual (though Certainly Not In Every) Public Decision On Economic Policy, The Choice Is Between Courses That Are Almost Equally Good Or Equally Bad. It Is The Narrowest Decisions That Are Most Ardently Debated. If The World Is Lucky Enough To Enjoy Peace, It May Even One Day Make The Discovery, To The Horror Of Doctrinaire Free-enterprisers And Doctrinaire Planners Alike, That What Is Called Capitalism And What Is Called Socialism Are Both Capable Of Working Quite Well.

If We Were Not In Vietnam, All That Part Of The World Would Be Enjoying The Obscurity It So Richly Deserves.

One Of The Greatest Pieces Of Economic Wisdom Is To Know What You Do Not Know.

Only Men Of Considerable Vanity Write Books; Consistently Therewith, I Worried Lest The World Were Exchanging An Irreplaceable Author For A More Easily Purchased Diplomat.