Genius Is A Rising Stock Market.

Economic Theory Is The Most Prestigious Subject Of Instruction And Study. Agricultural Economics, Labor Economics And Marketing Are Lower Caste Fields Of Study.

The Real Accomplishment Of Modern Science And Technology Consists In Taking Ordinary Men, Informing Them Narrowly And Deeply And Then, Through Appropriate Organization, Arranging To Have Their Knowledge Combined With That Of Other Specialized But Equally Ordinary Men. This Dispenses With The Need For Genius. The Resulting Performance, Though Less Inspiring, Is Far More Predictable.

The Genius Of The Industrial System Lies In Its Organized Use Of Capital And Technology. This Is Made Possible, As We Have Duly Seen, By Extensively Replacing The Market With Planning.

Happiness Does Not Require An Expanding Economy

Inflation Does Not Lubricate Trade But By Rescuing Traders From Their Errors Of Optimism Or Stupidity.