Less than seventy-five years after it officially began, the contest between capitalism and socialism is over: capitalism has won..

It's great to have two cars and a swimming pool. But there are disappointments. After you've made some money and acquired some things, and after the ….

The change began with John Stuart Mill and the Utopians . When Mill pointed out that economics had no ultimate solution to the problem of distributio….

The cure for capitalism's failing would require that a government would have to rise above the interests of one class alone..

In the end the question is: Who is to be master, man or his machines? As long as the control over technology rests primarily on economic calculation,….

Capitalism is the only society in human history in which neither tradition nor conscious direction supervises the total effort of the community; it i….

We may make progress only by freeing ourselves from the rut of the past, but without this rut an orderly society would hardly be possible in the firs….

Mathematics has given economics rigor, but alas, also mortis..

One accumulates or one gets accumulated..

Very few of the heroes of the Golden Age of American finance had much interest in the solid realities of what underlay their structure of stocks and ….

Before economics can progress, it must abandon its suicidal formalism..

For one who has read the works of Marx it is frightening to look back at the grim determination with which so many nations steadfastly hewed to the v….

History , as it comes into our daily lives, is charged with surprise and shock..

We cannot help living in history. We can only fail to be aware of it..

As the histories of ancient and modern democracies illustrate, the pressure of political movement in times of war, civil commotion, or general anxiet….

Economists can be called the worldly philosophers for they sought to embrace in a scheme of philosophy the most worldly of man's activities-his drive….

If one could divine the nature of the economic forces in the world, one could foretell the future..

It is one of the dangerous self-deceptions of our society to pretend that mechanisms of control do not really exist, and to maintain, without qualifi….

Stalinism is a pathology of socialism, Hitlerism being the apposite example for capitalism..

Veblen once asked a religious student the value of her church in kegs of beer..

The secret to economic growth lay in the fact that that each generation attacked Nature not only with its own energies and resources, but with the he….