Economic Knowledge Necessarily Leads To Liberalism

There Is No Reason Why Capitalists And Entrepreneurs Should Be Ashamed Of Earning Profits.

The Characteristic Feature Of Militarism Is Not The Fact That A Nation Has A Powerful Army Or Navy. It Is The Paramount Role Assigned To The Army Within The Political Structure. Even In Peacetime The Army Is Supreme; It Is The Predominant Factor In Political Life. The Subjects Must Obey The Government As Soldiers Must Obey Their Superiors. Within A Militarist Community There Is No Freedom; There Are Only Obedience And Discipline.

It Is Not Enough For [the Investor] To Know All The Factors That Can Possibly Contribute To The Determination Of A Future Event. In Order To Anticipate Correctly They Must Also Anticipate Correctly The Quantity As It Were Of Each Factor's Contribution And The Instant At Which Its Contribution Will Become Effective.

All That Lenin Learned About Business From The Tales Of His Comrades Who Occasionally Sat In Business Offices Was That It Required A Lot Of Scribbling, Recording, And Ciphering. Thus, He Declares That Accounting And Control Are The Chief Things Necessary For The Organizing And Correct Functioning Of Society. . . . Here We Have The Philosophy Of The Filing Clerk In Its Full Glory.

Economic Progress Is The Work Of The Savers, Who Accumulate Capital, And Of The Entrepreneurs, Who Turn Capital To New Uses.