In The Affluent Society, No Useful Distinction

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

Men Have Been Swindled By Other Men On Many Occasions. The Autumn Of 1929 Was, Perhaps, The First Occasion When Men Succeeded On A Large Scale In Swindling Themselves.

The Fully Planned Economy, So Far From Being Unpopular, Is Warmly Regarded By Those Who Know It Best.

When Everything Else Failed, We Can Still Become Immortal By Making An Enormous Blunder.

No Politician Can Praise Unemployment Or Inflation, And There Is No Way Of Combining High Employment With Stable Prices That Does Not Involve Some Control Of Income And Prices. Otherwise The Struggle For More Consumption And More Income To Sustain It-a Struggle That Modern Corporations, Modern Unions And Modern Democracy All Facilitate And Encourage-will Drive Up Prices. Only Heavy Unemployment Will Then Temper This Upward Thrust. Not Many Wish To Confront The Truth That The Modern Economy Gives A Choice Only Between Inflation, Unemployment, Or Controls.