Nothing Is So Treacherous As The Obvious.

Gentlemen, A Depression Is For Capitalism Like A Good, Cold Douche.

Economic Progress, In Capitalist Society, Means Turmoil.

The Function Of Entrepreneurs Is To Reform Or Revolutionize The Pattern Of Production By Exploiting An Invention Or, More Generally, An Untried Technological Possibility For Producing A New Commodity Or Producing An Old One In A New Way, By Opening Up A New Source Of Supply Of Materials Or A New Outlet For Products, By Reorganizing An Industry And So On.

Politicians Are Like Bad Horsemen Who Are So Preoccupied With Staying In The Saddle That They Can't Bother About Where They're Going.

The Success Of Everything Depends On Intuition, The Capacity Of Seeing Things In A Way Which Afterwards Proves To Be True, Even Though It Cannot Be Established At The Moment, And Of Grasping The Essential Fact, Discarding The Unessential, Even Though One Can Give No Account Of The Principles By Which This Is Done.