Economic and other activities will always be organized in all possible ways, and the problem is to find the right proportions between individualism and socialism and the various properties of each and to use each in its proper place (1923, p58)
"in the conditions of real life no possible social order based upon laissez faire policy can justify the familiar ethical conclusions of apologetic economics (1923, p 49)
"'Giving the public what it wants' ususally means corrupting popular taste (1923, p57)
"The ownership of personal or material productive capacity is based upon a complex mixture of inheritance, luck, and effort, probably in that order of relative importance." (p 56)
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