We have indeed at the moment little cause for pride: as a profession we have made a mess of things.

We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information.

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom.

It can hardly be denied that such a demand quite arbitrarily limits the facts which are to be admitted as possible causes of the events which occur in the real world.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.