“The dream of any scholar has, for me, come true by virtue of this award. The Nobel Prizes are justly famous in the hard sciences, in literature, and for peace.”

“Economics is not an exact science. It's a combination of an art and elements of science. And that's almost the first and last lesson to be learned about economics: that in my judgment, we are not c...”

“I can't think of a president who has been overburdened by a knowledge of economics.”

“Good questions outrank easy answers.”

“It is indeed true that the stock market can forecast the business cycle.”

“Herein lies the secret of the General Theory. It is a badly written book, poorly organized; any layman who, beguiled by the author's previous reputation, bought the book was cheated of his five shi...”