No doubt markets transmit information in the way that Hayek claimed. But what reason is there to believe that - unlike any other social institution - they have a built-in capacity to correct their mistakes? History hardly supports the supposition. Moods of irrational exuberance and panic can, and often do, swamp the price-discovery functions of markets.

To begin an affair of that kind now, and carry it on so long a time in form, is by no means a proper plan ... whatever assurances I may give her in private of my esteem for her, or whatever assurances I may ask in return from her, depend on it - they must be kept in private. Necessity will oblige me to proceed in a method which is not generally thought fair; that of treating with a ward before obtaining the approbation of her guardian. I say necessity will oblige me to it, because I never can bear to remain in suspense so long a time. If I am to succeed, the sooner I know it, the less uneasiness I shall have to go through. If I am to meet with a disappointment, the sooner I know it, the more of life I shall have to wear it off: and if I do meet with one, I hope in God, and verily believe; it will be the last.

Let us not violate the RIGHT of the artist to express exclusively his own experiences and introspections, disregarding everything that happens in the world beyond. Let us not DEMAND of the artist, but - reproach, beg, urge and entice him - that we may be allowed to do. After all, only in part does he himself develop his talent; the greater part of it is blown into him at birth as a finished product, and the gift of talent imposes responsibility on his free will. Let us assume that the artist does not OWE anybody anything: nevertheless, it is painful to see how, by retiring into his self-made worlds or the spaces of his subjective whims, he CAN surrender the real world into the hands of men who are mercenary, if not worthless, if not insane.

Meanwhile, hold fast to this thought, and grip it close: yield not to adversity; trust not to prosperity; keep before your eyes the full scope of Fortune's power, as if she would surely do whatever is in her power to do.

Hast thou named all the birds without a gun; Loved the wood-rose, and left it on its stalk.

Here the institution that compels is the state, the only purpose of which is to protect individuals from one another and the whole from external enemies. Some German philosophasters of this mercenary age would like to twist it into an institution for education and edification in morality; in the background of this lurks the Jesuitical purpose of eliminating personal freedom and the individual's personal development in order to make him into a mere cog in a Chinese machine of state and religion. But this is the path by which in the past one has arrived at the inquisitions, burning of heretics, and religious wars; Frederick the Great's pledge, 'In my country, each shall be able to tend to his salvation in his own fashion', indicated that he never wanted to tread that path.

I have always done things in my own way, which is at once the way that comes naturally to me, that is honest, sincere, genuine, and unforced; but also perverse, although you must remember that this word means per (through) verse (poetry), out-of-the-way and wayward, which is surely towards the way, and that to be queer-to "follow your own weird"-is wholeheartedly to accept your karma, or fate, or destiny, and thus to be odd in the service of God, "whose service," as the Anglican Book of Common Prayer declares, "is perfect freedom."

Two men who differ as to the ends of life cannot hope to agree about education.

If there is anything in the world that can really be called a man's property, it is surely that which is the result of his mental activity.

On the stage on which we are observing it, - Universal History - Spirit displays itself in its most concrete reality.

When public opinion changes, it is with the rapidity of thought.

Octavia lost Marcellus, whom both his father-in-law and his uncle had begun to depend upon, and to place upon his shoulders the weight of the empire - a young man of keen intelligence and firm character, frugal and moderate in his desires to an extent which deserved especial admiration in one so young and so wealthy, strong to endure labour, averse to indulgence, and able to bear whatever burden his uncle might choose to lay, or I may say to pile upon his shoulders. Augustus had well chosen him as a foundation, for he would not have given way under any weight, however excessive.

I know of nothing more terrible than the poor creatures who have learned too much. Instead of the sound powerful judgement which would probably have grown up if they had learned nothing, their thoughts creep timidly and hypnotically after words, principles and formulae, constantly by the same paths. What they have acquired is a spider's web of thoughts too weak to furnish sure supports, but complicated enough to provide confusion.

The regeneration of the inferior or bastard races by the superior ones is consistent with God's plans for humanity. The man of the people, in our countries, is always a fallen aristocrat; his hands are made to handle the sword rather than the laborer's tools. He prefers warring to working, that is, he returns to his original calling.

Monopoly of one kind or another, indeed, seems to be the sole engine of the mercantile system.

For anyone who at the end of Western philosophy can and must still question philosophically, the decisive question is no longer merely "What basic character do beings manifest?" or "How may the being of beings be characterized?" but "What is this 'being' itself?" The decisive question is that of "the meaning of being," not merely that of the being of beings.

Where have they gone, the brilliant, the insightful ones, the proud?

Modern transcendental idealism, Emersonianism, for instance, also seems to let God evaporate into abstract Ideality. Not a deity in concreto, not a superhuman person, but the immanent divinity in things, the essentially spiritual structure of the universe, is the object of the transcendentalist cult. In that address of the graduating class at Divinity College in 1838 which made Emerson famous, the frank expression of this worship of mere abstract laws was what made the scandal of the performance.

The reasons for persisting in Being seem less and less well founded, and our successors will find it easier than we to be rid of such obstinacy.

I became evil for no reason. I had no motive for my wickedness except wickedness itself. It was foul, and I loved it. I loved the self-destruction, I loved my fall, not the object for which I had fallen but my fall itself. My depraved soul leaped down from your firmament to ruin. I was seeking not to gain anything by shameful means, but shame for its own sake.

The Outsider wants to cease to be an Outsider. He wants to be 'balanced'. He would like to achieve a vividness of sense-perception (Lawrence, Van Gogh, Hemingway) He would also like to understand the human soul and its working and, be 'possessed' by a Will topower, to more life. (Barbusse and Mitya Karamazov) He would like to escape triviality forever. Above all, he would like to know how to express himself because that is the means by which he can get to know himself and hi unknown possibilities.

The end cannot justify the means for the simple and obvious reason that the means employed determine the nature of the ends produced.

There is the world for you. Beauty, true beauty, is intangible. It is in the eye of the beholder. Something that we can lose at any moment, and the more you examine it, the more illusive it becomes. True happiness is virtue, and virtue is predicated on knowledge and righteous conduct.

The strongest of all warriors are these two - Time and Patience.

Were we required to characterise this age of ours by any single epithet, we should be tempted to call it, not an Heroical, Devotional, Philosophical, or Moral Age, but, above all others, the Mechanical Age. It is the Age of Machinery, in every outward and inward sense of that word; the age which, with its whole undivided might, forwards, teaches and practises the great art of adapting means to ends. Nothing is now done directly, or by hand; all is by rule and calculated contrivance. For the simplest operation, some helps and accompaniments, some cunning abbreviating process is in readiness. Our old modes of exertion are all discredited, and thrown aside. On every hand, the living artisan is driven from his workshop, to make room for a speedier, inanimate one. The shuttle drops from the fingers of the weaver, and falls into iron fingers that ply it faster.

I find that the best goodness I have has some tincture of vice.

Why, reader, truly, if they asked thee or me, Which way we meant to vote?-were it not our likeliest answer: Neither way! I, as a Tenpound Franchiser, will receive no bribe; but also I will not vote for either of these men. Neither Rigmarole nor Dolittle shall, by furtherance of mine, go and make laws for this country. I will have no hand in such a mission. How dare I! If other men cannot be got in England, a totally other sort of men, different as light is from dark, as star-fire is from street-mud, what is the use of votings, or of Parliaments in England?

A good opening and a good ending make for a good film provided they come close together.

In youth it is the outward aspect of things that most engages us; while in age, thought or reflection is the predominating quality of the mind. Hence, youth is the time for poetry, and age is more inclined to philosophy. In practical affairs it is the same: a man shapes his resolutions in youth more by the impression that the outward world makes upon him; whereas, when he is old, it is thought that determines his actions.

In my education, as in that of everyone, the moral influences, which are so much more important than all others, are also the most complicated, and the most difficult to specify with any approach to completeness.

The only satisfied rationalists today are blinkered scientists or Marxists.

The modern proletarian class doesn't carry out its struggle according to a plan set out in some book or theory; the modern workers' struggle is a part of history, a part of social progress, and in the middle of history, in the middle of progress, in the middle of the fight, we learn how we must fight... That's exactly what is laudable about it, that's exactly why this colossal piece of culture, within the modern workers' movement, is epoch-defining: that the great masses of the working people first forge from their own consciousness, from their own belief, and even from their own understanding the weapons of their own liberation.

The young are of age when they twitter like the old; they are driven through school to learn the old song, and, when they have this by heart, they are declared of age.

The most thought provoking thing in our thought provoking time is that we are still not thinking.

Live among men as if God beheld you; speak with God as if men were listening.

Dead of night. No one, nothing but the society of the moments. Each pretends to keep us company, then escapes - desertion after desertion.

Diet, injections, and injunctions will combine, from a very early age, to produce the sort of character and the sort of beliefs that the authorities consider desirable, and any serious criticism of the powers that be will become psychologically impossible. Even if all are miserable, all will believe themselves happy, because the government will tell them that they are so.

The safest general characterization of the European philosophical tradition is that it consists of a series of footnotes to Plato.

But bounty and hospitality very seldom lead to extravagance; though vanity almost always does.

Enjoyment of the work consists in participation in the creative state of the artist.

As the neurobiological basis of feeling and emotion is unravelled, and the human genome decoded and rewritten, it will become purely an issue of post-human decision whether negative modes of consciousness are generated in any form or texture whatsoever. "The Hedonistic Imperative: Heaven on Earth", BLTC Research

The statue of Freedom has not been cast yet, the furnace is hot, we can all still burn our fingers.

Naturalism is a word of many meetings in philosophy as well as in art. like most isms - classicism and romanticism, idealism and realism in art - it's has become an emotional term, a war cry of partisans.

But inequality of representation in both Houses of our legislature, is not the only republican heresy in this first essay of our revolutionary patriots at forming a constitution. For let it be agreed that a government is republican in proportion as every member composing it has his equal voice in the direction of its concerns (not indeed in person, which would be impracticable beyond the limits of a city, or small township, but) by representatives chosen by himself, and responsible to him at short periods, and let us bring to the test of this canon every branch of our constitution.

I see not the shadow of a reason to conclude that their [the sexes'] virtues should differ in respect to their nature. In fact, how can they, if virtue has only one eternal standard? I must therefore, if I reason consequentially, as strenuously maintain that they must have the same simple direction as that there is a God.

Our intellectual development in the field of science has outstripped our human development in the field of character.

The following general definition of an animal: a system of different organic molecules that have combined with one another, under the impulsion of a sensation similar to an obtuse and muffled sense of touch given to them by the creator of matter as a whole, until each one of them has found the most suitable position for it shape and comfort.

When I'm bored, my sense of values goes to sleep. But it's not dead, only asleep. A crisis can wake it up and make the world seem infinitely important and interesting. But what I need to learn is the trick of shaking them awake myself . . . And incidentally, another name for the sense of values is intelligence. A stupid person is a person whose values are narrow.