“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.”

“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...”

“One of the greatest pieces of economic wisdom is to know what you do not know.”

“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...”

“Anyone who is capable of getting themselves made President should on no account be allowed to do the job.”

“Politics determines who has the power, not who has the truth.”

“Immer wieder behauptete Unwahrheiten werden nicht zu Wahrheiten, sondern, was schlimmer ist, zu Gewohnheiten.”