Economics is extremely useful as a form of employment for economists..
Under capitalism, man exploits man. Under communism, it's just the opposite.
In economics, the majority is always wrong.
In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.
Change comes not from men and women changing their minds, but from the change from one generation to the next.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy that is, the search for a superior moral justification for selfishness.
Washington is a place where people praise courage and act on elaborate personal cost benefit calculations.
Wealth is not without its advantages, and the case to the contrary, although it has often been made, has never proved widely persuasive.
Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention. But it has no persuasive value at all.
One of the greatest pieces of economic wisdom is to know what you do not know.
Technology means the systematic application of scientific or other organized knowledge to practical tasks.
The salary of the chief executive of the large corporations is not an award for achievement. It is frequently in the nature of a warm gesture by the individual to himself.
Meetings are indispensable when you don't want to do anything.
In any great organization it is far, far safer to be wrong with the majority than to be right alone.
The conspicuously wealthy turn up urging the character-building value of privation for the poor.
A person buying ordinary products in a supermarket is in touch with his deepest emotions.
Few people at the beginning of the ninteenth century needed an adman to tell them what they wanted.
People fo privilage will always risk their complete destruction rather than surrender any material part of their advantage.
One can relish the varied idiocy of human action during a panic to the full, for, while it is a time of great tragedy, nothing is being lost but money
Few people at the beginning of the nineteenth century needed an adman to tell them what they wanted.
It is not necessary to advertise food to hungry people, fuel to cold people, or houses to the homeless.
Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.
Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.
The process by which banks create money is so simple that the mind is repelled.