The World is a very complex system. It is easy to have too simple a view of it, and it is easy to do harm and to make things worse under the impulse … - Kenneth E. Boulding

We all, or nearly all, consent If wages rise by ten per cent It puts a choice before the nation Of unemployment or inflation.

This concept of capital-rebuilding is so important that it may be desirable to digress for a moment. In the broadest sense of the word, capital means the sum total of the valuable things possessed by the individuals of a society, excluding "claims," that is, mere titles to property. The word is used to mean both the inventory of these valuable things; the houses, factories, machines, livestock, stocks of raw materials, and goods in all stages of completion; and also to mean the sum of the values of these things. It should generally be clear from the context which of these two meanings is intended.

The world moves into the future as a result of decisions, not as a result of plans. Plans are significant only insofar as they affect decisions.