Practical Men Who Believe Themselves To Be

Everything Is Always Decided For Reasons Other Than The Real Merits Of The Case

The Great Events Of History Are Often Due To Secular Changes In The Growth Of Population And Other Fundamental Economic Causes, Which, Escaping By Their Gradual Character The Notice Of Contemporary Observers, Are Attributed To The Follies Of Statesmen Or The Fanaticism Of Atheists .

It Is Investment, I.e. The Increased Production Of Material Wealth In The Shape Of Capital Goods, Which Alone Increases National Wealth.

When Somebody Persuades Me I Am Wrong, I Change My Mind.

I See, Therefore, The Rentier Aspect Of Capitalism As A Transitional Phase Which Will Disappear When It Has Done Its Work. And With The Disappearance Of Its Rentier Aspect Much Else In It Besides Will Suffer A Sea-change. It Will Be, Moreover, A Great Advantage Of The Order Of Events Which I Am Advocating, That The Euthanasia Of The Rentier, Of The Functionless Investor, Will Be Nothing Sudden, Merely A Gradual But Prolonged Continuance Of What We Have Seen Recently In Great Britain, And Will Need No Revolution.