Adam Smith had one overwhelmingly important triumph: he put into the center of economics the systematic analysis of the behavior of individuals pursuing their self-interest under conditions of competition.

Theories are not rejected by cirsumstantial evidence: it takes a theory to beat a theory.

There is only one social science and we are its practitioners

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.

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.

Stigler's Law: No scientific discovery is named after its original discoverer.

I started working and publishing in price theory by 1938.