Economic Transactions Between National Bodies Who Are

I Must Confess That If I Had Been Consulted Whether To Establish A Nobel Prize In Economics, I Should Have Decidedly Advised Against It.

It Is Only Because The Majority Opinion Will Always Be Opposed By Some That Our Knowledge And Understanding Progress. In The Process By Which Opinion Is Formed, It Is Very Probable That, By The Time Any View Becomes A Majority View, It Is No Longer The Best View: Somebody Will Already Have Advanced Beyond The Point Which The Majority Have Reached. It Is Because We Do Not Yet Know Which Of The Many Competing New Opinions Will Prove Itself The Best That We Wait Until It Has Gained Sufficient Support.

Personally I Prefer A Liberal Dictator To Democratic Government Lacking Liberalism.

Unlike Liberalism, With Its Fundamental Belief In The Long-range Power Of Ideas, Conservatism Is Bound By The Stock Of Ideas Inherited At A Given Time. And Since It Does Not Really Believe In The Power Of Argument, Its Last Resort Is Generally A Claim To Superior Wisdom, Based On Some Self-arrogated Superior Quality.

Should Our Moral Beliefs Really Prove To Be Dependent On Factual Assumptions Shown To Be Incorrect, It Would Be Hardly Moral To Defend Them By Refusing To Acknowledge The Facts.