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.