A Swedish physicist can not discuss his work with fifty people unless he goes abroad. A Swedish economist can get opinions and instructions in his native language from thousands upon thousands of his fellow citizens.

...it is distressing how often one can guess the answer given to an economic question merely by knowing who asks it.

A Swedish physicist can not discuss his work with fifty people unless he goes abroad. A Swedish economist can get opinions and instructions in his native language from thousands upon thousands of his fellow citizens.

All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman.

If you never miss a plane, you’re spending too much time at the airport.

Competition is a tough weed, not a delicate flower.

I attended schools in Seattle through the University of Washington, from which I was graduated in 1931. I spent the next year at Northwestern University.