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 was in the 1960s that I began the detailed study of public regulation.

...the number of saintly men has not yet risen to the level where the census makes them a separate statistical category.

I recall my mother asking in about 1946 what I was and I replied proudly that I was a professor. A decade later she repeated her question and I repeated my answer. "No promotion?" was her comment.

There is only one social science and we are its practitioners

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

And yet I would not freely exchange my science for those of my fellow laureates. They are forever confined in their professional discussions to the small numbers of their fellow scientists.