If Socialists Understood Economics, They

We Know, In Other Words, The General Conditions In Which What We Call, Somewhat Misleadingly, An Equilibrium Will Establish Itself: But We Never Know What The Particular Prices Or Wages Are Which Would Exist If The Market Were To Bring About Such An Equilibrium.

We Shall Never Prevent The Abuse Of Power If We Are Not Prepared To Limit Power In A Way Which Occasionally May Prevent Its Use For Desirable Purposes.

Should Our Moral Beliefs Really Prove To Be Dependent On Factual Assumptions Shown To Be Incorrect, It Would Be Hardly Moral To Defend Them By Refusing To Acknowledge The Facts.

Liberty Is An Opportunity For Doing Good, But This Is Only So When It Is Also An Opportunity For Doing Wrong.

A Claim For Equality Of Material Position Can Be Met Only By A Government With Totalitarian Powers.