Large scale collective bargaining . . . is merely a seductive name for bilateral monopoly, and means either adjudication of conflicts in terms of power, or deadlock and stoppage, usually injuring outside people more than the immediate parties to the dispute.

Market competition is the only form of organization which can afford a large measure of freedom to the individual.

The truth seems . . . to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant.

One-third of your plays are special teams, so to block a punt and get good field position out of it and score was big.

The probability of the people in power being individuals who would dislike the possession and exercise of power is on a level with the probability that an extremely tender-hearted person would get the job of whipping-master in a slave plantation.

I have been....moved to wonder whether my job is a job or a racket, whether economists, and particularly economic theorists, may not be in the position that Cicero, citing Cato, ascribed to the augurs of Rome-that they should cover their faces or burst into laugher when they met on the street.

All science is static in the sense that it describes the unchanging aspects of things.