"In speaking of sociological laws or natural laws of social life I have in mind such laws as are formulated by modern economic theories, for instance, the theory of international trade, or the theory of the trade cycle. These and other important sociological laws are connected with the functioning of social institutions. These laws play a role in our social life corresponding to the role played in mechanical engineering by, say, the principle of the lever. For institutions, like levers, are needed if we want to achieve anything which goes beyond the power of our muscles. Like machines, institutions multiply our power for good or evil. Like machines, they need intelligent supervision by someone who understands their way of functioning and, most of all, their purpose, since we cannot build them so that they work entirely automatically."
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