Mankind must put an end to war, or war will put an end to mankind.

Mankind must put an end to war, or war will put an end to mankind.

The art of economics consists in looking not merely at the immediate but at the longer effects of any act read more

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

There is perhaps no better way of measuring the natural endowment of a soul than by its ability to transmute read more

There is perhaps no better way of measuring the natural endowment of a soul than by its ability to transmute dissatisfaction into a creative impulse. The genuine artist is as much a dissatisfied person as the revolutionary, yet how diametrically opposed are the products each distills from his dissatisfaction.

...regrettable as it may seem to the idealist, the experience of history provides little warrant for the belief that real read more

...regrettable as it may seem to the idealist, the experience of history provides little warrant for the belief that real progress, and the freedom that makes progress possible, lies in unification. For where unification has been able to establish unity of ideas it has usually ended in uniformity, paralysing the growth of new ideas. And where the unification has merely brought about an artificial or imposed unity, its irksomeness has led through discord to disruption.Vitality springs from diversity- which makes for real progress so long as there is mutual toleration, based on the recognition that worse may come from an attempt to suppress differences than from acceptance of them. For this reason, the kind of peace that makes progress possible is best assured by the mutual checks created by a balance of forces- alike in the sphere of internal politics and of international relations.

The conception that government should be guided by majority opinion makes sense only if that opinion is independent of government. read more

The conception that government should be guided by majority opinion makes sense only if that opinion is independent of government. The ideal of democracy rests on the belief that the view which will direct government emerges from an independent and spontaneous process. It requires, therefore, the existence of a large sphere independent of majority control in which the opinions of the individuals are formed.

Both free speech rights and property rights belong legally to individuals, but their real function is social, to benefit vast read more

Both free speech rights and property rights belong legally to individuals, but their real function is social, to benefit vast numbers of people who do not themselves exercise these rights.

The greater the difficulty, the greater the glory.

The greater the difficulty, the greater the glory.

Patriotism has its roots deep in the instincts and the affections. Love of country is the expansion of dutiful love.

Patriotism has its roots deep in the instincts and the affections. Love of country is the expansion of dutiful love.

One of the peculiarities of the American Revolution was that its leaders pinned their hopes on the organization of decision-making read more

One of the peculiarities of the American Revolution was that its leaders pinned their hopes on the organization of decision-making units, the structuring of their incentives, and the counterbalancing of the units against one another, rather than on the more usual (and more exciting) principle of substituting "the good guys" for "the bad guys.".