“I am worried about our tendency to over invest in things and under invest in people.”

“Wisdom, itself, is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.”

“Economics is extremely useful as a form of employment for economists.”

“But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.”

“Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is not enough to explain. The images that are in the mind of th...”

“None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter good economists who are difficult writers even though s...”

“Insight is the deep intuitive understanding of things, and it often breaks through the conventional wisdom.”

“Dont accept any knowledge or conventional wisdom without critically questioning it first.”

“When it comes to anniversaries, the publishing industry usually resembles distant relatives, readiest with gifts that are redundant or farcical.”

“For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If...”

“It is not good for man to be kept perforce at all times in the presence of his species. A world from which solitude is extirpated is a very poor ideal. Solitude, in the sense of being often alone, ...”

“As technology accumulates and people in more parts of the planet become interdependent, the hatred between them tends to decrease, for the simple reason that you can't kill someone and trade with h...”