The Key To Economic Prosperity Is The

Research Is Industrial Prospecting. The Oil Prospectors Use Every Scientific Means To Find New Paying Wells. Oil Is Found By Each One Of A Number Of Methods. My Own Group Of Men Are Prospecting In A Different Field, Using Every Possible Scientific Means. We Believe There Are Still Things Left To Be Discovered. We Have Only Stumbled Upon A Few Barrels Of Physical Laws From The Great Pool Of Knowledge. Some Day We Are Going To Hit A Gusher.

We Need To Teach The Highly Educated Man That It Is Not A Disgrace To Fail And That He Must Analyze Every Failure To Find Its Cause. He Must Learn How To Fail Intelligently, For Failing Is One Of The Greatest Arts In The World.

Every Honest Researcher I Know Admits He's Just A Professional Amateur. He's Doing Whatever He's Doing For The First Time. That Makes Him An Amateur. He Has Sense Enough To Know That He's Going To Have A Lot Of Trouble, So That Makes Him A Professional.

One Fails Forward Toward Success.

We Suffer Not From Overproduction But From Undercirculation. You Have Heard Of Technocracy. I Wish I Had Those Fellows For My Competitors. I'd Like To Take The Automobile It Is Said They Predicted Could Be Made Now That Would Last Fifty Years. Even If Never Used, This Automobile Would Not Be Worth Anything Except To A Junkman In Ten Years, Because Of The Changes In Men's Tastes And Ideas. This Desire For Change Is An Inherent Quality In Human Nature, So That The Present Generation Must Not Try To Crystallize The Needs Of The Future Ones.