Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain.
Progress is slow partly from mere intellectual inertia. In a subject where there is no agreed procedure for knocking out errors, doctrines have a long life.
«Нормальное состояние экономики» существует только в экономических учебниках.
To supply goods is a source of profit, but to supply services is a ' burden upon industry.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.