The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930s were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly.

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.

Mathematics has no symbols for confused ideas.

There is only one social science and we are its practitioners

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

In the 1950s, I proposed the survivor method of determining the efficient sizes of enterprises, and worked on delivered price systems, vertical integration, and similar topics.

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