Few Things Are As Immutable As The

Consumer Wants Can Have Bizarre, Frivolous, Or Even Immoral Origins, And An Admirable Case Can Still Be Made For A Society That Seeks To Satisfy Them. But The Case Cannot Stand If It Is The Process Of Satisfying Wants That Create The Wants.

The Questions That Are Beyond The Reach Of Economics-the Beauty, Dignity, Pleasure And Durability Of Life-may Be Inconvenient But They Are Important.

There Can Be Few Fields Of Human Endeavor In Which History Counts For So Little As In The World Of Finance.past Experience, To The Extent That It Is Part Of Memory At All, Is Dismissed As The Primitive Refuge Of The Those Who Do Not Have Insight To Appreciate The Incredible Wonders Of The Present.

Power Is Not Something That Can Be Assumed Or Discarded At Will Like Underwear.

In Europe And The United States The Two Decades Following The Second World War Will For Long Be Remembered As A Very Good Time, The Time When Capitalism Really Worked. Everywhere In The Industrialized Countries Production Increased. Unemployment Was Everywhere Low. Prices Were Nearly Stable. When Production Lagged And Unemployment Rose, Governments Intervened To Take Up The Slack, As Keynes Had Urged.