“The conclusion to which I am ever more clearly coming is that the only hope of attaining a true system of economics is to fling aside,once and forever, the mazy and preposterous assumptions of the Ricardian school. Our English economists have been living in a fool's paradise. The truth is with the French school, and the sooner we recognize the fact, the better it will be for all the world, except perhaps the few writers who are far too committed to the old erroneous doctrines to allow for renunciation.” WorldHas BeensFactsSchoolForeverFoolTruth IsEconomicsCommittedDoctrineConclusionAssumptionParadiseEconomistRenunciationFling Book:Political Economy Source: Political Economy
“The truth is, the whole administration under Roosevelt was demoralized by the system of dealing directly with subordinates. It wasobviated in the State Department and the War Department under [Secretary of State Elihu] Root and me [Taft was the Secretary of War], because we simply ignored the interference and went on as we chose.... The subordinates gained nothing by his assumption of authority, but it was not so in the other departments.” WarStatesWholeTruth IsAuthorityRootsAdministrationAssumptionDepartmentSecretaryIgnoredInterferenceSubordinatesDemoralizedTaft Author:William Howard Taft
“...Everything has to be taken on trust; truth is only that what is taken to be true. It's the currency if living. There may be nothing behind it, but it doesn't make any difference so long as it is honoured. One acts on assumptions. What do you assume?” IfsMayLongDifferencesBehindsTakenTruth IsAssumingBeing TrueAssumptionCurrency Book:Rosencrantz and Guildenstern are Dead Source: Rosencrantz and Guildenstern are Dead