“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.”

“The General Theory caught most economists under the age of 35 with the unexpected virulence of a disease first attacking and decimating an isolated tribe of south sea islanders. Economists beyond 5...”