Economics Is Not An Exact Science.

It Is Possible That People Need To Believe They Are Unmanaged If They Are To Be Managed Effectively.

When You See Reference To A New Paradigm You Should Always, Under All Circumstances, Take Cover.

Financial Capacity And Political Perspicacity Are Inversely Correlated. Long-run Salvation By Men Of Business Has Never Been Highly Regarded If It Means Disturbance Of Orderly Life And Convenience In The Present. So Inaction Will Be Advocated In The Present Even Though It Means Deep Trouble In The Future. Here, At Least Equally With Communism, Lies The Threat To Capitalism. It Is What Causes Men Who Know That Things Are Going Quite Wrong To Say That Things Are Fundamentally Sound.

The Notion Of A Formal Structure Of Command Must Be Abandoned. It Is More Useful To Think Of The Mature Corporation As A Series Of Concentric Circles.

If Anything Is Evident About People Who Manage Money, It Is That The Task Attracts A Very Low Level Of Talent, One That Is Protected In Its Highly Imperfect Profession By The Mystery That Is Thought To Enfold The Subject Of Economics In General And Of Money In Particular.