Irving Fisher on the role of the elites and need for scientific management

The world consists of two classes - the educated and the ignorant - and it is essential for progress that the former should be allowed to dominate the latter.  But once we admit that it is proper for the instructed classes to give tuition to the uninstructed, we begin to see an almost boundless vista for possible human betterment.

~ Irving Fisher, "Why has the Doctrine of Laissez Faire been Abandoned?," Science, 1907, p. 20



(Cited in "The Great Depression: Mises vs. Fisher" by Mark Thornton, Quarterly Journal of Austrian Economics, p. 239, November 25, 2008